Hampshire-based business Botley Flour Milling Company Limited is celebrating a major milestone this week as it marks 100 years in successful operation. The milling business was established in 1921 by Mr Albert Woodrow who was joined two years later by Fred Appleby whose family had been in the milling industry for over 300 years. The […]
Fintech business insurance startup Nimbla has today announced a £5.1m funding round led by Silicon Valley venture fund Fin VC with participation from Barclays Bank. The funding comes as Nimbla seeks to scale its operations with increased demand from embedded credit risk solutions through its API with banks and alternative lending platforms. Founded in 2016, […]
Specialist business property adviser, Christie & Co, has announced the sale of the former Grafton House Preparatory School & Nursery in Ashton-Under-Lyne, Greater Manchester. Established in 1991, Grafton House Preparatory School is a non-selective, co-educational school with capacity for 150 pupils, and Little Grafters is an adjoining children’s day nursery with effective operating capacity for […]
SETsquared has secured an additional £2m of funding from Innovate UK to run a second phase of the Regional Angel Investment Accelerator (RAIA) scheme. UK Business Angels Association (UKBAA) will once again support the roll-out of RAIA alongside SETsquared, through a programme of investor capacity building and education. The scheme has three defined aims. Firstly, […]
British Business Investments, a commercial subsidiary of the British Business Bank, today announces a £30m commitment to UK focused small cap specialist, Mobeus Equity Partners to its Fund V. Mobeus provide capital to smaller companies, to support their growth and take an equity stake, alongside existing management teams. The fund will support such management teams […]
Reach Commercial Finance has secured a £250,000 funding deal for Prime Global Trade Ltd, a part of the rapidly growing Tuber Produce Group, based in Hessle, East Yorkshire. Prime Global Trade Ltd specialises in sourcing wild bird feed, nuts, avocados, exotic fruit and vegetables from around the world. The company called in Phil Truman from […]
Aspen has completed a £2.734m bridge on its No Valuation product for an applicant who wanting to redeem a development loan and refurbish additional properties. The developer used a property consisting of seven apartments in Wandsworth, London worth £3.775m as security, giving a LTV of 72.5%. The bridge was completed on the lender’s Stepped Rate […]
First Circle Group, a fast-emerging business specialising in manufacturing rigid plastic containers, has received a £10m plant and machinery loan and receivables funding facility from Cynergy Bank. This is a new client to the Asset Based Lending (ABL) division of Cynergy Bank which launched in September. Headquartered in Newport Pagnell, First Circle Group currently operates […]
United Trust Bank (UTB) and Iron Bridge Finance (IBF) are funding an exciting £52m scheme to redevelop a brownfield commercial site on Warburton Road, near to London Fields in Hackney, by Regal London, one of London’s leading residential-led mixed-use developers. The project will see Regal London reenvision the commercial buildings currently occupying the site to […]
Storage King, the nation’s sixth largest self-storage company, is planning to further expand in the UK, having received £50m funding from Santander UK and HSBC UK in a 50:50 split. The £50m funding package comprises a three-year term loan and revolving credit facility, which will refinance and restructure the South African-owned company’s debt in the […]
