Specialist commercial finance broker, Christie Finance, has helped secure funding for renowned childcare operator of My Sunshine Day Nursery to purchase a second property in Barnes, Richmond, that they will renovate into a new nursery setting. My Sunshine Day Nursery is well located in the affluent area of Mortlake, Richmond, bordering South-West London. It has […]
The Barn Somerset, a destination beauty salon, has successfully used a £65,000 Coronavirus Business Interruption Loan (CBILS) to diversify its services and move online, generating £55,000 of sales in just four months during the first national lockdown. Pre-lockdown, The Barn’s services were entirely in person and included holistic, skin treatments, IPL & laser and all […]
Chorley-based engine performance tuning business, Tunit, has received a five-figure loan from Lancashire’s Rosebud fund, managed by GC Business Finance, to support growth by hiring two new staff members. Founded in 1998, Tunit provides engine enhancing systems for domestic individuals and corporate customers. The firm provides systems for small and large vehicles, with a focus […]
Rotala Plc, the bus, coach and transport firm operating in Birmingham and Manchester, has purchased a new suite of state-of-art buses as it looks to enhance its operations with an environmentally friendlier fleet. The £3.2m purchase of 19 fuel efficient and low emission vehicles will replace a fleet of older units as well as remove […]
Specialist business property adviser, Christie & Co, has announced the sale of the former Blacklake Lodge Residential Home site just outside Mier Heath in Stoke-on-Trent, Staffordshire. This former residential care home comprises 37 bedrooms, all with en suite facilities, and was registered for 37 service users. It was originally developed as a private residence and […]
JR Gilbert Engineering, the precision engineering company based in South Wales, has secured a £650,000 invoice finance facility from Santander UK to support its next phase of growth. The additional support will ensure that the business, established in 1983 and specialising in cutting, surface grinding and precision machining, has the working capital available to continue […]
HM Treasury figures reveal that nearly 1.5 million businesses across the country are now supported by the UK’s banking and finance industry with a total of £65.5bn in lending through government-backed Coronavirus lending schemes. Almost 1.4 million smaller businesses have now accessed financing as part of the Bounce Back Loan Scheme, with over 61,000 enterprises […]
Renewable energy consultancy, Electek Solutions Limited (ESL), is continuing its impressive growth with a short-term working capital injection from Reward Finance Group, to help meet the increasing demand for its services from across the UK and help win a major new contract. The Newcastle-based company audits companies’ energy performance and supplies and installs solutions to […]
Specialist lender Together rescued a £3m deal by providing a short-term loan in just four hours for an investor to buy an exclusive waterside property. Mathew Rees, director of a company which owns about 200 buy-to-let properties, was looking to expand his portfolio by buying the £2.85m, six-bedroom home in the Cornish holiday resort of […]
LendInvest, the UK’s leading platform for property finance, has funded the purchase of a HMO property in four days for an experienced landlord in West London. The borrower was seeking the purchase of a tenanted HMO, a ten bedroom house in West London. Due to the tight timeframe in which the borrower required funding, the […]
29/11/2020
Edition 288 – October/November 2020
An ill wind By Business Money group editor Robert Lefroy Lack of cyber securi...
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