Aldermore has provided a £10.7m loan to Russell Armer Homes to deliver a housing development in Kendal. The Meadow Rigg site is located on the northern edge of Kendal, which is at the southern edge of the Lake District in Cumbria. The development is another joint venture between Russell Armer Homes and the Housing Growth […]
The ‘GMC Life Sciences Fund By Praetura’ – a partnership between Greater Manchester Combined Authority (GMCA), Cheshire and Warrington Local Enterprise Partnership (LEP), Bruntwood SciTech and Praetura Ventures – will combine capital, expertise and resources to help investee companies in Greater Manchester, Cheshire and Warrington to scale. GMCA has committed £10m to the fund, whilst […]
Leading UK hobby and toy specialist, Hornby Hobbies Ltd, is set to build on its recent success, after securing a £12m combined facility from Secure Trust Bank Commercial Finance. Made up from a £6m accounts facility and £6m inventory facility, funding is set to support the household brand’s working capital needs over the coming years. […]
PCF Bank, the AIM listed specialist bank, has completed a deal to provide an experienced developer with a commercial bridge facility of £1.25m, allowing the borrower to exit their development finance facility. The property in West Sussex comprises the freehold interest in a site now developed to provide a terrace of six three storey office […]
Secured lending newcomer Bergen Finance, founded by Andrew Ward and Adrian Hogan and launched in December 2021, has backed Shadow Holdings, the company behind Dragon TV and Film Studios near Cardiff, which is investing in further expanding its facilities, supported by £9m of secured debt funding in one of Bergen’s first secured lending transactions. Bergen […]
Specialist marketplace lender Assetz Capital has provided a £2m development funding loan to London Edinburgh Investments Ltd, to regenerate the former Star Hotel in Kingussie. Located in the picturesque Cairngorms National Park, the hotel will be transformed into 17 self-catered holiday apartments named ‘Wolf Hall Apartments’. ‘Wolf’s Lair’ – a contemporary pizzeria and bar serving […]
Specialist business property adviser, Christie & Co, has announced the sale of Drayton House Nursery School in Surrey. Drayton House is a 65-place day nursery catering for children aged six months to five years. Situated in a central location in Guildford, Surrey, the setting has an excellent reputation as one of the most enchanting, respected […]
Spring Finance has today announced that they have successfully completed their first bridging loan. Following Spring’s recent pilot launch this £650k loan was introduced by BuildLoan. This first charge regulated bridge was for a customer with complex credit in need of debt consolidation and capital raising. In addition, the property being used for security was […]
Following the the extensive response from the FCI members globally, we are pleased to release the final world factoring statistic. This 2021 report indicates that the factoring and receivables finance industry volume witnessed a significant growth of +12.6% in 2021 after the devastating impact from Covid-19 in 2020, which as you may recall reported a […]
Specialist business property adviser, Christie & Co, has announced the sale of three standard hours community pharmacies, Sonichem Pharmacy, Lads Chemist, and Health Serve Pharmacy, all located in Leicester. Sonichem Pharmacy in Braunstone Town dispenses an average of 18,000 items per month, trading from a modern, high-quality premises with the aid of a large dispensing […]
