Arbuthnot Commercial ABL has delivered a bespoke all-asset funding package to support the acquisition of Pen Cutting Tools Ltd by Threesixty Holdco 2 Ltd, an investment vehicle owned by John Whitfield, Peter Raybould and Simon Ling. The facility, which consists of receivables finance, plant & machinery, property and cashflow funding, will also provide on-going working […]
Alternative SME credit specialist Caple has helped iPLATO, the UK HealthTech company, to access a multimillion pound eight-year unsecured loan. Caple offers access to unsecured lending of up to £5m. iPLATO, which simplifies access to healthcare for millions of people with its “myGP” platform and app, will use the loan to invest in its technology […]
Marketplace lender Assetz Capital has provided a £1.15m loan for the purchase and refurbishment of South Shields-based Sea Hotel. Overlooking South Marine Park and just 100 yards from the closest beach, The Sea Hotel boasts 34 fully refurbished en-suite bedrooms including a honeymoon suite, a Latin-American restaurant and cocktail bar “Loca Bar and Kitchen”, a […]
A rapidly growing healthtech start-up on a mission to solve the NHS staffing crisis and bring flexible working to thousands of clinicians has secured £3m in a funding round led by Praetura Ventures. The round included additional backing from BMJ, the publisher behind The BMJ, and some existing angel investors. Patchwork, which has offices in […]
Lancashire-based Get Work, a service that generates local leads for tradespeople, has received a £100k loan from NPIF – BFS & MSIF Microfinance, a product managed by GC Business Finance & MSIF and part of the Northern Powerhouse Investment Fund (NPIF). This follows the news that the firm has partnered with internet giant Google to […]
Bridging lender Fiduciam’s push into the London market is bearing its first fruit with a deal worth nearly £1m on two properties in south-west London. The recent deal provides further evidence of the flexible approach which Fiduciam believes is central to its success. The borrower, a building contractor looking to expand into property development, initially […]
Marketplace lender Assetz Capital has provided a loan to Curaa to fund the acquisition of Broome End Care Home. Based in Stansted Mountfitchet, Broome End Care Home caters for 35 people, comprising of 29 single and three double rooms, with residents ranging from those who are relatively self-sufficient to others who require more complex care. […]
United Trust Bank (UTB) has agreed to fund an ‘extra care village’ development near Braintree, Essex. The project is being completed by Abbeyfield, Braintree, Bocking & Felsted Society, a charity focused on providing housing for older people around Braintree. Their mission is to enhance the quality of life for older people through high quality accommodation […]
El Mexicana, the grab-and-go burrito bar, has agreed a seven-figure funding deal with ThinCats, the leading alternative lender to mid-sized SMEs. The funding will allow the business to acquire new sites and modernise facilities with self-service kiosks. Established in 2011, El Mexicana already has 17 sites across the UK. The aim over the next two […]
Arbuthnot Commercial ABL has supported the management buy-in of a West Sussex-based industrial manufacturer by entrepreneur, Stuart Whitehouse. Whitehouse acquired Flotronic Pumps, which produces air-operated double-diaphragm pumps with a £1.5m asset based lending facility provided by Arbuthnot Commercial ABL comprising of receivables finance, together with a plant & machinery term loan and a cash flow […]
