Aspen has completed a £1,360,000 Light Development bridge in just 18 days, comprising £325k on day one for auction purchase and £900k in arrears to fund conversion works. The deal, which equates to a 65% LTV on day one and 70% LTGDV, will enable an experienced developer to turn a Wolverhampton-based three-storey commercial unit and […]
Founded in the summer of 2021 by islander Rachel Mackenzie, Na Taighean Fiodh, Gaelic for ‘the wooden houses’, offers two beautiful log cabins, for both long and short stay accommodation in the Isle of Lewis. This followed a package of support from Business Gateway, which included 1:1 advice, grant, and loan funding. Tapping into the tourism and staycation market, the log cabins named Laimishader Cabin and Sandig Cabin, are in a picturesque […]
Specialist business property adviser, Christie & Co, has announced a partnership between two dental practices – Brough Dental Studio and Grimsby Dental Studio in East Yorkshire – and Dentex. Brough Dental Studio is the largest referral practice East Yorkshire. It is based in the small town of Brough near to Kingston upon Hull and provides […]
Specialist business property adviser, Christie & Co, has announced the sale of a vacant nursing home, formerly trading as Donness Nursing Home, in the village of Westward Ho! in Bideford, North Devon. The building has 30 bedrooms, a high percentage of which are purpose-built, and boasts sea views and attractive surrounding grounds. The site is […]
The owner of a pharmacy, which provided Covid jabs to remote villagers in Yorkshire to save them travelling to large vaccination sites, has acquired two new businesses following a six-figure loan from Unity Trust Bank. The £448,000 funding package has enabled pharmacist, Sachin Tammewar, to add Steeton and Goxhill Pharmacies to his portfolio alongside Central […]
Waste management company Forge Recycling’s turnover has grown by 26% over the past year to reach £9.5m following the expansion of its services beyond its base in Leeds, and the addition of a new waste processing facility. The company is targeting growth of a further 30% to reach a projected turnover of £13m by September […]
BREAL Zeta has structured and delivered a flexible £19m asset-based lending facility, providing a leading privately-owned business in the entertainment sector with substantial additional funding for growth. The funding package, which is comprised of a £14m receivables line and £5m revolving credit facility, will generate greater flexibility and headroom through key trading periods. This will […]
UK Truck Group is a Hertfordshire-based, family-run group of businesses that specialise in supplying commercial vehicle parts as well as the repair and maintenance of trucks. Santander UK is supporting the group’s growth plans with a £5m funding package. The funding is tailored to the group’s unique needs and includes invoice finance and a commercial […]
Specialist business property adviser, Christie & Co, has announced the sale of Riverside Court care home in Knottingley, West Yorkshire. Established in 1995, Riverside Court is a purpose-built care home divided into four separate units, of all which have their own dining and lounge areas. The home comprises 60 bedrooms split out over two levels […]
Rapidly growing biomass fuel manufacturer Land Energy (LE) has secured £6m in funding from Independent Growth Finance (IGF). The asset business lending (ABL) package includes invoice finance, inventory and equipment facilities. The significant working capital will enable the company to expand its operations and develop a new, clean-burning briquette aimed at the domestic solid fuel […]
