Figures published by the AIC today show that the amount of money invested into VCTs for the 2021/22 tax year has broken through £1bn for the first time, raising £1.13bn. That’s 65% more than in 2020/21, and 45% more than 2005/06, previously the biggest fundraising year on record. VCTs are one of the best ways […]
Specialist short-term lender, Hope Capital has completed a £1.1m commercial loan on a magnificent former pub complex located on the outskirts of Lancaster. The dwelling, which has acquired planning permission, will be transformed into eight self-contained apartments. Once revamped and completed, this is set to be highly sought-after accommodation in the local area. Hope Capital […]
ThinCats, the leading alternative lender to mid-sized SMEs, has supported Definition Group, the multi-award-winning strategic communications group, with its acquisitions of brand strategy brand strategy and experience consultancy Brand Vista and Schwa, a leading specialist in tone of voice. The two deals mark the completion of five acquisitions in eighteen months for Definition Group, bringing […]
Eric Wilson & Co, an Essex-based manufacturer of fabrications and solid surfaces, has secured its long-term presence in the area by buying its Witham premises. It’s encouraging news for the local community and its 20-strong workforce, with the business having initially struggled to find a bank able to support their purchase. The move has ended […]
Specialist business property adviser, Christie & Co, has completed on the sale of Churchfields and Rosebank care homes in Cassington and Bampton, Oxfordshire. The two homes were owned by Dr Gerry and Mrs Jane Roberts who had previously purchased them through Christie & Co in 2015 and 2008 respectively. Churchfields is registered for 35 in […]
Specialist commercial finance broker, Xander Wealth Commercial Finance are elated to announce they have successfully completed a development finance facility for £2,368,980. Xander Wealth Commercial Finance are proud to have completed this development finance loan to their extremely professional standards. The Leeds based company are constantly looking further afield, successfully completing this deal for a project in Salford Quays, for […]
British Business Investments, a commercial subsidiary of the British Business Bank, today announces an additional £15m commitment to Compass Business Finance, taking our total commitment to £30m. This additional investment will further increase the flow of funding for asset finance products into UK-based smaller businesses operating in the print, packaging and manufacturing sectors. It will […]
Affordable housing developer Pocket Living has secured a £19.3m debt facility with Pluto Finance, a leading provider of finance for property developers and investors, against its recently completed Addiscombe Grove asset in Croydon. This represents Pocket’s second funding partnership with Pluto Finance, which is a 12-month facility structured by LEXI Finance. This deal will accelerate […]
United Trust Bank (UTB) Asset Finance has successfully completed a £511,000 refinance facility to assist a well-established civil engineering company in the further expansion of its business. The transaction was introduced to United Trust Bank BDM Kerry Stuart by Sam German at trusted broker partner PMD Business Finance. PMD has a long-standing relationship with the […]
Credit-led challenger, Zvilo, has signed a term sheet for a new debt facility of up to €50m with a leading London-based alternative asset management company. Zvilo is transforming business lending in the Balkans by providing short-term working capital facilities to SMEs across different value chains. The supplier finance program will be further automated through Zvilo’s […]
