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January 31, 2020

Fast growth UK tech business secures funding

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 and marketing. This will enable it to grow in the UK and to launch internationally. The business will also develop new products and services to enhance the experience for patients, doctors and the NHS.

iPLATO is one of the 100 fastest-growing private tech companies in the UK as ranked in The Sunday Times Tech Track. Through its myGP platform, iPLATO connects 25m people with more than 6,500 GP practices and 12,000 pharmacies in the UK. It has ambitious growth plans and aims to increase its 1.5m myGP app users to 10m users in the UK next two years.

Firms such as iPLATO can find access to secured lending a challenge because their business is based on intangible assets, such as intellectual property. Banks generally need tangible assets to put up as security for loans, so raising additional finance for growth was not open to them.

Sean Brophy, UK country manager of Caple, said: “Many successful businesses are growing by developing intangible assets such as intellectual property or services. However, while banks can lend against the tangible assets in a business, they can only do so up to the value of those physical assets available as collateral. After that, they cannot help.

“This creates a barrier to growth and may force businesses to issue equity instead of raising debt. iPLATO had this issue and had considered, but did not want to give up, equity. Now, with our unsecured funding deal, iPLATO can implement its ambitious growth plans and achieve its goals without having to resort to equity funding.”

Martin Rowden, CFO of iPLATO, said: “Our aim is to transform healthcare by making it easier for patients to better organise their and their family’s healthcare. To do so, we need funding that reflects our ambitions. While equity funding was a possible option, it was expensive, failed to match our vision, and we did not want to dilute our ownership.

“This deal with Caple is ideal for our business as it enables us to develop new products and services to achieve our growth targets. We have achieved significant user growth and we want to keep our foot on the gas to reach 10m users in the next two years. There is a significant appetite for digital first healthcare services both in the UK and internationally and we aim to meet this demand.”

iPLATO is an innovative software as a service healthcare business connecting patients, GPs and Clinical Commissioning Groups. Employing 75 people, the business has more than ten years in healthcare. In 2019, the platform supported 100 million interactions with patients ranging from appointment bookings to video consultations.

Customers include public healthcare bodies such as the NHS England, NHS Wales and Clinical Commissioning Groups. Services offered also include patient engagement, prescription ordering, intelligent care navigation and remote consultation.

iPLATO has strong growth pipeline as a result of both a government and sector focus on using technology to promote better patient outcomes, transform the patient experience and deliver efficiencies.

Caple is the UK’s first firm to offer access to long-term unsecured lending of up to £5m based on the future cash flows of the SME. It requires no collateral or personal guarantees as security. The loans also work alongside existing bank lending, meaning firms can have access to more funding than they would get from their bank alone, but allows them to maintain their existing bank relationship.

Caple’s technology platform supports a network of accountants and financial advisors to SMEs that use it to identify suitable borrowers and create the materials used in the process. This enables an efficient and robust credit process.

The loans Caple facilitates are part of BNP Paribas Asset Management’s SME Alternative Financing direct lending platform, which enables SMEs to access funding from institutional investors. BNP Paribas Asset Management aims to provide €1bn per year in funding to SMEs across Europe.

January 30, 2020

Assetz Capital transforms South Shields hotel with £1.15m investment

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 vibrant American style sports bar “Bar 52”, and a multi-purpose events venue, the Bramhall Suite, ideal for weddings, conferences, entertainment and banquets.

The £1.15m refinancing loan from Assetz Capital comprised funds for the hotel’s recent £550k refurbishment which saw improvements across the property, including an overhaul of the bedrooms, reception areas and restaurant. This refurbishment has led to a 73% increase in turnover and has also seen a significant boost in wedding and event bookings.

This initiative is part of High Street Hospitality’s expansion plans to add a further 10 hotels within the next three years to its existing portfolio of four venues across the North-East of England.

Gary Forrest, chairman of the High Street Group, said: “The loan from Assetz Capital, who has been a valuable partner of the High Street Group, has been pivotal part in not only the refinance of an existing commercial mortgage, but also renovating the entire Sea Hotel. The work has allowed the hotel to trade at a higher level than before, benefiting the employees, the local community and tourists alike.

This loan follows a number of recent deals between Assetz Capital and the High Street Group, including the £4.67m development loan to build new residential houses and apartments at the luxurious Larbert House and Country Estate near Falkirk; a £1.25m loan to purchase and renovate North Yorkshire-based Parkmore Hotel; and a £172 000 loan to acquire the quality office space for High Street Developments, which is the Group’s construction arm, in County Durham.

Ian Craig, relationship director at Assetz Capital, said: “It is a pleasure to work with the High Street Group and witness how Assetz loans can be used to transform a dated building into one that is a thriving part of a local community. We look forward to building on this relationship and being a part of many more commercial property developments with which the group is planning to be involved in the future.”

The loan was brokered by Dale Shotton, funding director of High Street Developments.

January 29, 2020

Praetura Ventures leads £3m funding round for Patchwork Health

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 London, Manchester and Liverpool, was founded by NHS doctors Anas Nader and Jing Ouyang in 2016 to help hospitals fill vacant shifts more cost-effectively and to stem the tide of clinicians leaving the health service due to poor work-life balance.

Healthcare staffing is a growing and costly problem for the NHS; the number of staff quitting over long hours tripled between 2012 and 2018, and the NHS spent £2.4bn on staffing agencies in 2018 to fill the gaps.

Patchwork’s market-leading technology focuses on transforming the power of NHS Trusts to recruit temporary staff, cutting out the expensive agency middle man. Through tailored portals for NHS Trusts and a simple, hassle free app for clinicians, Patchwork is able to dramatically drive up the number of clinicians booking shifts directly with their hospital. As a result, NHS Trusts keep their hiring in-house; saving millions in agency fees whilst ensuring wards are safely staffed. Plus, clinicians looking for more flexibility are able to take on shifts that suit them, improving retention and staff satisfaction, without creating a financial burden for their hospitals.

More than 10,000 clinicians across over 30 hospitals already use the Patchwork app, with over 1 million shift hours booked since launch.

This investment was led by Mark Lyons and Louise Chapman of Praetura Ventures. David Foreman, managing director of Praetura Ventures, will join the Patchwork board as a non-executive director.

Praetura Ventures, a firm committed to providing capital and strategic support to early-stage businesses across the north of England, has invested £1.9m in Patchwork as part of the £3m deal.

This funding will enable Patchwork to accelerate growth and foster partnerships with more NHS Trusts across England and Wales. With the support of the team at Praetura Ventures, Patchwork also plans to further invest in the development of its proprietary software to enable the roll out across different staff groups within the NHS and support future expansion into the GP and private medical sector.

Anas Nader, co-founder of Patchwork, said: “Those best placed to solve the challenges facing our healthcare system are the people who have worked on the frontline. Jing and I both struggled to maintain a healthy work-life balance as junior doctors, and we watched countless colleagues step away from full-time practice and into the world of locum agencies as a result of the daily pressures faced by medics. We felt there must be a better way of doing things; one where the NHS could staff wards safely and affordably, and where healthcare workers could find the right working balance for them, without the need for an expensive middleman. That’s why we created Patchwork.

“We’re so proud of how widely our technology has already been embraced across the NHS and the impact we’re having on the lives of thousands of clinicians. We are therefore delighted to welcome Praetura Ventures as an investment partner. Their philosophy of providing not only financial support but strategic expertise is exactly what we were looking for. Their experience in the healthtech sector, alongside the continued support from BMJ, our partner, will also be crucial as we scale. We’re looking forward to partnering with them as we continue to save the NHS money and create a better work-life balance for healthcare workers at a critical time for our health service.”

Mark Lyons, director at Praetura Ventures, added: “The staffing issues facing the NHS are never far from the headlines and there is a significant amount of political and social pressure to reduce costs and maintain quality of patient care. There’s no doubt that this is not an easy task, but Anas and Jing have established a business that is proven to help.”

Patchwork was initially launched in collaboration with Chelsea & Westminster NHS Foundation Trust. By working in partnership with the NHS, Patchwork has been able to develop proprietary software that improves efficiencies and enables NHS Trusts to increase the number of shifts booked by bank workers. Chelsea & Westminster Hospital saw 90% of shifts filled directly through the hospital’s own staff bank as a result of the Patchwork platform, compared with 35% when using legacy systems. This meant a cost-saving of over £1.2m per year.

“We were impressed by the amount of traction that Patchwork has gained in the market in such a short period of time and there are many more exciting opportunities for the business to explore in other areas of healthcare. We’re confident in the team that Anas and Jing have built and are looking forward to supporting them as they embark on the next stage of their growth strategy,” added Mark.

Manchester-headquartered Praetura Ventures has raised over £50m from investors since its launch in 2011. Another high-profile, health-focused technology business backed by Praetura Ventures is Dr Fertility, the fertility-focused MedTech platform that is helping to address the problem of unreliable information about fertility.

Anca Babor, director of strategy at BMJ, said: “We have been an early investor in Patchwork since 2018 and, as the first institutional investor, we are pleased to have been part of the Patchwork journey so far. The Patchwork team has achieved a lot in the past two years and we look forward to continuing to support their ambitious growth plans.”

 

January 28, 2020

Tradespeople get a helping hand after Get Work secures £100k NPIF loan

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 provide a fully automated lead generation service for tradespeople. The partnership with Google will see both companies make further strides in helping tradespeople grow their businesses online.

Established in 2018, Get Work helps tradespeople grow their businesses by making online advertising more accessible. Customers, including electricians, joiners and landscapers, sign up online and Get Work’s fully automated platform takes care of everything for them; from the setup of a dedicated landing page, Google Ads account and call management, through to account optimisation and reporting.

Get Work will utilise the £100k loan to set up an office for the current five employees of the firm, with Get Work aiming to have a team of 16 by October 2021. The funding will also be used to improve its website and sign-up process, as well as increasing its marketing spend to encourage more tradespeople onto the platform.

Mark Gibbons, senior loan manager at GC Business Finance, said: “At GC Business Finance, we are passionate about helping growing businesses to really establish themselves in the market. Get Work has developed at an extraordinary pace in which we have been really impressed and its recent partnership with Google shows their credibility and growth potential. We fully believe in Get Work and their online platform and hope that with our funds they can scale up their operations and help even more tradespeople across the country.”

Nick Cole, managing director of Get Work, said: “We are really proud of what we’ve achieved in such a short space of time. The funds from GC Business Finance and NPIF will help solidify our market position, improve our digital infrastructure and attract new tradespeople to join our platform. Although we are a relatively new business, our partnership with Google has proved that we are on the path to success and we are in a strong position to really accelerate the growth of Get Work.”

Get Work was referred to UCLAN Investment Readiness through Boost, Lancashire’s Growth Hub whose role is to direct growing Lancashire companies to the most suitable form of business support. UCLAN supported the company in securing the investment form Northern Powerhouse Investment Fund.

Chairman of the Lancashire Enterprise Partnership, Steve Fogg, said: “It’s great to see NPIF supporting another Lancashire SME, this time in the key digital and creative sector. Access to finance can be crucial in helping SMEs grow and succeed. We’d like to see more Lancashire SMEs apply for NPIF support.

“NPIF investment could be a huge help to early stage innovative businesses through to manufacturing and creative and digital industries throughout the county. So if your SME has the potential to grow and needs funding, I would strongly encourage you to contact the NPIF and see what’s available.”

Sue Barnard, senior manager for British Business Bank, said: “Historically, funding options for businesses in the North have been scarce, which has stifled growth and innovation in the region. NPIF is making real strides in reducing the regional funding gap between the North and the South, providing a variety of finance solutions that help businesses in the North realise their growth ambitions.”

The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

January 28, 2020

Fiduciam expects growth in the capital

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 approached Fiduciam for a 65% first-charge loan to fund the purchase and refurbishment of a property in Battersea, with a market value of £1.3m. As the deal was nearing completion, Fiduciam learned that the applicant had a cash shortfall of around £100,000.

To ensure the deal could progress at pace, Fiduciam quickly arranged a valuation on another property owned by the applicant, in nearby Sutton. Valuing the Sutton property at £1.5m, Fiduciam offered a 54% LTV second-charge loan, enabling the applicant to cover the shortfall. This was put in place in just ten days and the deal was able to go ahead, with the borrower securing a total loan of £950,000 over 12 months, at a rate of 0.80% per month.

Fiduciam chief executive Johan Groothaert says, “The London property market has gone through a major correction, and we believe that right now a lot of bad news has been priced in. London is an international business centre, which means many real estate buyers come from overseas, and therefore it is important to also consider the effective exchange rate of pound sterling, which is down nearly 20% since the end of 2015.

“The cumulative effect of London real estate market correction and the depreciation of pound sterling means that London real estate is now attractively priced in comparison with other international business centres. With the election bringing an end to a period of political instability, we believe that the upside potential now clearly exceeds the downside risk. For that reason, we wish to increase our loan book exposure to the London market.”

Ryan Parrett, business development manager for Fiduciam says, “Demand for borrowing against property in London and the South East shows signs of increasing again, the lower prices are bringing developers back to the capital and we expect them to increase in number over the next year. While there are many lenders that will do standard short and long term loans, Fiduciam is perfectly placed to help those whose requirements are more complex and who need a lender who has the experience to think more creatively.”

January 28, 2020

Assetz Capital funds seven-figure deal for family-owned care home

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. Broome End Care Home has recently won a variety of awards for its services, including the “Care Home of the Year” award in 2019.

The property comprises a detached manor house, over three levels, set in idyllic countryside setting with meadow views and a manicured garden. The home is easily accessible, only two miles from Stansted, with a bus stop outside the home. The historic village centre of Stansted Mountfitchet is within walking distance.

Curaa is a family owned permanent capital care home investment business based in London. With a focus on emphasising compassion, community and care in a person-centred environment the founders expect to grow their business through both organic and in-organic channels.

Since 2013, Assetz Capital has lent over £960m to UK SMEs and housebuilders. As well as funding housing developments, the company also fund projects such as elderly residential care, specialist residential care, retirement & supported living, and purpose build student accommodation (PBSA). The marketplace lender funded new housing projects last year representing the equivalent of 1 in every 100 new homes built.

The loan from Assetz Capital was used for the entire purchase of the care home and was introduced by Chandler and Co.

Stuart Benge, relationship director at Assetz Capital, said: “The care sector has grown significantly over the last few years due to the ageing population, and Assetz is keen to support this segment as part of the wider supported living sector. Curaa Group have identified the need for a personal and compassionate experience within the sector which is an important factor when choosing a care home that is the right fit. It’s been great working with the team at Curaa on their first acquisition and we look forward to seeing the progression of the care home in the future and the exciting plans they have.”

Haris Khan, managing director at Curaa Group Ltd, said: “Thanks to Assetz Capital we have secured our first care home acquisition in Stansted. Stuart Benge worked closely along-side our team to ensure the process was right for us and it was great that he could see the big ambitions we have as a family owned business. Our amazing team recently won Home of the Year at the Essex Care Sector Awards, and we intend to build on this momentum as we go into 2020.”

Liz Woollett, of Chandler and co, said: “We’ve really enjoyed working to help Curaa Group to acquire Broome End Care Home, which is a great opportunity for them. Our clients had a clear idea of the business they sought, and we quickly established their buying power to realise this. We wish Curaa Group every success and look forward to working together again in the future.”

January 27, 2020

United Trust Bank provides £18.2m funding


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 in a stimulating environment to maintain a socially active life.

The development of 99 independent living (retirement) apartments comprises 37 affordable rented and 62 apartments for sale, with options for shared ownership, and a central community ‘hub’.

The finished property will provide communal facilities including a bistro/dining area, gym, library, hair & beauty facilities, IT suite and extensive gardens. It will also provide onsite support (care) facilities which will support the promotion of independence, health, well-being and social inclusion.

The £18.2m funding from United Trust Bank is in addition to grants from Essex County Council, Homes England and a charitable foundation. The construction of the village will support a local charity providing housing for their local community which is fit for purpose for the twenty first century.

Vincent Spano of brokers PIA Financial Group commented: “PIA Financial Group were happy to support a very professional outfit in Abbeyfield. After my initial appraisal of the scheme with the client, it was clear that funding this scheme required a bank and team who understood not only development but the sector Abbeyfield operate in.

“Many lenders can dismiss a transaction that does not fit a box, but it was clear to me that Paul Flannery and United Trust Bank should be the first port of call for a deal of this nature. The time and effort taken by Paul and his team to truly understand the transaction, and Abbeyfield’s business, was first class and I can safely say it was an amazing team effort which has resulted in a great deal for Abbeyfield and UTB.

“I wish Abbeyfield the very best and PIA Financial Group are grateful for the opportunity to assist.”

Paul Flannery, Director – Property Development, United Trust Bank said: “UTB is delighted to support the creation of what will be an outstanding senior living complex from a highly respected specialist developer and owner operator. It has been a pleasure to once again work with Vincent at PIA Financial Group who has brought together a complex funding solution involving several parties which meets the requirements of his clients as well as UTB as the senior debt provider. We are excited to see the project getting underway and look forward to watching it progress over the next two years.”

January 27, 2020

ThinCats caters to El Mexicana’s funding needs with seven-figure deal

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 years is to expand that to 22. The business is run by managing directors John Coverley and Paul Stagg, who together bring over two decades of experience managing outlets in the “food-to-go” and “fast-casual” market.

With the popularity of Mexican food continuing to grow across the UK (the fourth most popular regional cuisine) John and Paul saw an opportunity to expand further into this emerging market. Led by Stuart Thompson, ThinCats, supported by James Moggeridge at Multiply Accountants, worked around the clock to deliver a flexible funding solution to enable El Mexicana’s innovative growth plans.

The loan will be used to support the business’s growth strategy including the opening of new sites, acquisitions and capital expenditure. The new sites are set to be a mixture of franchised and owned, the first of which will be in Doncaster.

John Coverly, MD, El Mexicana said “We’re excited to be working with ThinCats as part of our ambitious growth strategy. After being introduced to ThinCats, we were impressed by Stuart’s drive and innovative approach to doing business. His dedication to providing us with the sustainable capital we needed was exactly what we were looking for to help support us and accommodate for our future growth.”

Stuart Thompson, regional director cusiness development, ThinCats said “This is an excellent business, with an exciting product, run by two experienced businessmen. We are delighted to support this growth and continue to support SMEs with capital to pursue their ambitions. We look forward to working with the El Mexicana team again and to support their continued success.”

January 24, 2020

Arbuthnot Commercial ABL supports MBI of Flotronic Pumps

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 loan.

Not only did the facility support the purchase consideration for the management buy-in, the revolving receivables element continues to deliver on-going working capital with the flexibility to grow with the business.

The pumps are used across a wide variety of industries and their unique ‘one-nut’ design allows for easy access for rapid disassembly and inspection in situ without disconnecting pipework, critical in hazardous and explosive environments where speed is essential.

Stuart Whitehouse was attracted to the deal in view of the business’s stable historic trading performance and potential for growth. With his background as a qualified chartered accountant and having spent 22 years running and growing a family business, Stuart is perfectly placed to drive the business forward.

Stuart Whitehouse, CEO, Flotronic Pumps Ltd, said: “The great thing about working with Arbuthnot Commercial ABL as a client is that you feel an important part of their business. That personal touch comes across in everything they do, from their service and support to the smooth and straightforward delivery of the facility. Transactions such as this are clearly a well-trodden path for the team at Arbuthnot and they make their experience count. We look forward to expanding our distribution network significantly and to furthering our international growth as a result of this deal.”

January 23, 2020

Brewery triumphs after £10,000 social media win from Liberis

Two years after opening, and a year after winning £10,000 in a business finance competition, Barnes-based brewery Jeffersons has demonstrated how a thorough understanding of a niche market, intelligent business planning, and access to funding are the key ingredients to help a small business to flourish.

The £10,000 win came from a social media competition organised by Liberis Finance, an award-winning funding provider that is on a mission to support small businesses in their growth strategies. Freddie Jefferies, business partner and brother to George Jefferies, entered the competition without telling anyone:

“You were asked to tell Liberis how you would use the funding in your business. After applying online I had a follow up call with Liberis and then completely forgot about it,” says Freddie.

A few months later George received word from Liberis that they had won! He couldn’t believe it and finally told his brother that they were receiving a £10,000 cash injection!

The brothers launched Jeffersons Brewery in leafy, South-West London’s Barnes after they identified a gap in the market with the majority of London’s trendy micro-breweries being based in East London. They were also receiving considerable interest in what was initially George’s hobby:

“It started out with a home brew kit, and it took a year and a half of testing ingredient combinations before creating a palatable beer,” says George. “We brewed our ‘Hoppily Ever After’ beer for our brother’s wedding and got great feedback, as well as commercial requests, helping us to realise we could make a business out of this.”

After two years of business planning and obtaining a commercial brewing licence as well as £40,000 funding from a Government-backed, non-profit, start-up finance organisation, StartUpLoans, the brothers launched Jeffersons at the July 2017 Barnes Fair:

“It was a really supportive community event, where we had exclusivity and managed to sell over 1,000 pints of beer” says Freddie. “The journey since then has been a steep learning curve, as we are doing everything in house, from bottle and packaging design to delivery logistics.”

The £10,000 win from Liberis Finance in October 2018 meant that the brothers were able to expand production capacity by increasing tank space, and sell their beers on wholesale sites such as Eebria:

“This has been a great way to get our business out there, producing a ripple effect where people actually approach us,” says George. “We have since won an exclusive contract with the Riverside studios, marking an exciting time for us. We couldn’t have done it so quickly without our Liberis win.”

Freddie says their experience of the alternative finance community has been excellent:

“It is fantastic that there are alternative options to funding outside of traditional banks, especially those that specialise in small, start-up businesses,” he explains. “We are extremely grateful to Liberis and have been impressed with its responsible and convenient funding solutions, as well as the support it provides to SMEs. Liberis has marketing workshops planned, designed to help people exactly like my brother and I, so we’ll be looking out for more information on that.”

Looking forward, George and Freddie have big plans for their business and while there is always more to learn they believe they have a good proposition:

“The biggest factors in a brewery’s success are consistency and quality, as well as adaptability. It’s a fickle market and vital to keep producing new beers that meet the sector’s fast-moving trends and styles,” says George.

“Our own tap room is on the road map for us, as is further increasing production capacity, investing in equipment, marketing and branding and getting ourselves better known at craft beer exhibitions,” continues George. “Three years from now, we hope to be in supermarkets and exporting internationally.”

“The overall plan is to build a chain of tap rooms,” Freddie adds. “It’s a crowded market and there is limited tap space in pubs, so we see this as a key area for growth.”

Rob Staathof, CEO of Liberis Finance, says the competition was a fantastic opportunity to demonstrate tangible support to its key audience and collect essential business insight:

“It enabled us to talk to great swathes of interesting SMEs, eager to grow and able to tell us what support they need from the alternative finance sector. We’re delighted to see the achievements of the Jeffersons Brewery and proud to have been able to help in the business’ formative years.”

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