Fiduciam, the institutionally funded bridging and development lender, has provided a £3.62 million loan to assist with both the acquisition and development costs of a conversion scheme in Newark-on-Trent. The 30-month facility was completed within two weeks of planning permission being granted. The project involves the conversion of a Victorian mill into 39 flats. The […]
YFM Equity Partners’ managed funds have sold their shareholding in specialist supplier of rubber-to-metal bonded components and rail suspension systems, Ferrabyrne Holdings Ltd, to Dellner Polymer Solutions, part of Sweden’s Dellner Group which is continuing its expansion in the UK. Dellner Polymer Solutions provides technologically advanced vibration control, rubber fabrication and bonding solutions for the global market. The […]
Arbuthnot Commercial ABL has structured a flexible funding facility to support Emerge Global’s investment in Seaspace International Forwarders Ltd (Seaspace), a specialist freight forwarding and logistics service provider operating from Gatwick. The new funding line increases the Group’s facility to £4.4m. The additional funding package supports the initial consideration and generates increased headroom for working […]
Specialist lender Together today announced it has broken its all-time lending record for the second month in a row. The finance group, which provides personal and commercial mortgages, bridging loans and development finance across the UK, revealed its monthly figures for May – and total new lending of £300.8m. The figure, which includes lending for […]
Sqwad, the platform that reinvents online brand partnerships and creates branded universes, announces a fundraising of €3m from Samaipata, an investment fund specialized in tech. Sqwad was founded by Anis Chagar, former Kearney consultant with a focus in eCommerce, Mohcine Heddi, former software engineer at the « Paris Brain Institute », and Mehdi Rifai, ex […]
Specialist business property adviser, Christie & Co, has announced the sale of Scottish day nursery group, Children’s Hour Ltd. Children’s Hour Ltd comprises two well-established nurseries; Children’s Hour Nursery which is registered for 30 children aged six weeks to five-years; Abbey Nursery Houston which is registered for 92 children aged six weeks to five years. Children’s Hour Nursery occupies a prominent location […]
Irish start-up Webio, a leader in Conversational AI in the credit, collections and payments industry, has today announced a series A funding round led by Finch Capital. Webio is primed to scale-up following the digital shift during the pandemic and the uncertain economic climate to make difficult conversations about payments easy through their Conversation AI. Webio’s […]
Pantheon Hotels and Leisure Limited, an owner of two hotels based in London & Essex, received £3.7m of new funding through the British Business Bank’s Recovery Loan Scheme. This loan empowered the business to re-finance and consolidate its existing external loans and provided the business with the means to invest into the business through capital […]
Rayon, the space design software makers, today announce the successful completion of a $2m pre-seed round, which will be used to grow the Rayon team, refine its product and launch its offering in October of this year. The round was led by Seedcamp, alongside Foundamental, 20VC, and Kima. They are also joined by a cohort of business angels including, Ralph […]
Specialist business property adviser, Christie & Co, has announced the sale of H. Lloyd Chemist in Kensington, London. H. Lloyd Chemist is an independent pharmacy which dispenses an average of 4,501 items per month. Its location opposite a surgery and close to the Olympia exhibition centre and many hotels in Kensington, London, means that it benefits from a fantastic […]
30/05/2022
Edition 300 – May 2022
Regulator, heal thyself By Business Money group editor Robert Lefroy 30 years...
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