Santander UK has supported the financial completion of creative communications agency Emperor’s move to employee ownership. Emperor established an employee ownership trust in 2020 and now Santander UK has provided it with a £7m funding package to support the financial completion. Grant Thornton UK LLP advised Emperor on the establishment of the employee ownership trust and […]
Aldermore has provided a £6.061m development finance loan to Whiteburn Viewforth Development Limited for phase one of a housing development in Kirkcaldy, Fife, Scotland. The development is a joint venture between Whiteburn Group and the Housing Growth Partnership (HGP). The site is the grounds of the former Viewforth High School located in the east of […]
Bridging lender Kuflink, has announced that its P2P platform has just passed the £200m mark as new investment levels continue to accelerate. The lender which launched its P2P platform in 2016 as the principal funding source for its bridging and development finance, took nearly five years to reach its first £100m in investment in January […]
The UK’s largest woollen yarn spinner, Lawton Yarns Limited, has returned to private ownership following a £13.4m total facility from Secure Trust Bank Commercial Finance. The facility funded the recent management buyout and will provide additional working capital and growth support to the business. Headquartered in Ravensthorpe, West Yorkshire, Lawton Yarns supplies woollen yarn to […]
Specialist business property adviser, Christie & Co, has announced the sale of a site with the benefit of a full planning consent in the market town of Downham Market, Norfolk. Aspire LPP identified that the catchment had a significant undersupply of market standard care beds, and subsequently achieved planning consent within a six-month timeframe for the demolition […]
Forklift truck importer and distributor Red Diamond Distribution Limited has been acquired by Mitsubishi Logisnext Europe, one of the world’s largest manufacturers of forklift trucks. This latest acquisition enables MLE to move forward with its program of integration and realignment of its global brand portfolio. Red Diamond has been the exclusive distributor of Mitsubishi forklift […]
PCF Bank, the AIM listed specialist bank, has completed a £711,000 ‘finish and exit’ bridging loan to support a client with the conversion of three barns in Somerset. The client required a refinance of their existing facility, funds to complete the remaining work and a small capital raise for their next project. PCF stepped in […]
Aspen Bridging has completed a complex £1.5m gross bridge-to-let (BTL) application on a luxury two-bedroom apartment in Mayfair, in doing so supporting a business plan not seen before in the UK. The overseas applicant will use the funds to purchase the property and then sell shares in the home to new owners, creating a timeshare ownership model […]
Specialist lender Together has provided a £7.5m bridging loan for an experienced student landlord to expand his portfolio. The entrepreneur, who owns property across the UK, had initially spent more than five months attempting to secure the finance he wanted to buy a purpose-built student accommodation block in Birmingham. As the deadline to complete the […]
Assetz Capital, the leading alternative lending platform specialising in funding SME housebuilders, and LDS, creators of the Sales Guarantee, announced today that they will partner to launch an end-to-end finance package for SME housebuilders, combining bespoke development loans with an LDS Sales Guarantee. The package will enable developers to obtain funding for up to 95% of project costs […]
30/05/2022
Edition 300 – May 2022
Regulator, heal thyself By Business Money group editor Robert Lefroy 30 years...
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