Fiduciam has provided a £5m development loan for the construction of a £10m seven-storey residential apartment building in Manchester. The building will contain 38 apartments with ground floor retail. The £5m loan was structured to overcome the challenges imposed by the complex property title and overage, and to reduce the likelihood of cashflow squeezes in […]
Specialist property lender Castle Trust Bank has agreed a £13.2m development loan with Laner Ltd, for a commercial and residential development in Dagenham. The OXLO project, being developed by Barking Dog Developments Ltd, will provide ground floor commercial space, plus residential apartments for private rent. The project requires demolition of existing warehouse and redevelopment of […]
Starbucks operator Amsric Limited, a subsidiary of multi-franchise group Amsric Holdings Limited, has been sold to fellow Starbucks operator, Cobra Coffee Limited, a subsidiary of the Southern Co-op. Amsric Limited has been a Starbucks operator since 2014, initially acquiring stores from the franchisor and subsequently opening additional stores to reach the current tally of 12 […]
Santander UK is supporting gemstone jewellery, craft retailer and TV shopping broadcaster Gemporia Partnership with a funding package worth more than £30m. Included in the funding package is a five-year £25m term loan that supports repayment of existing facilities following the sale of Gemporia Partnership to an Employee Ownership Trust in 2017. The funding enables […]
Jump Into Reality, the tech start-up revolutionising the interior design process, has reported multi-national growth and secured a worldwide patent, as well as opening a second office in London this month. The major brand developments follow their first successful funding round in June 2021, which saw their SaaS platform secure over €1m from investors including […]
Amcomri Group has confirmed the acquisition of Premier Limpet, the UK’s largest manufacturer of printed adhesive tape, for an undisclosed sum. Premier Limpet will join Amcomri’s fast-growing manufacturing division. The deal was initiated and led by PKF Smith Cooper’s Nottingham team. The purchase by Amcomri Group provides a retirement exit for the majority shareholders, chairman […]
Phos, the fintech behind the leading software-only Point of Sale system (SoftPoS), has secured €2m in funding as it plots a course to a Series A round later in the year. Led by global leader in cloud software for Conversational Commerce CM.com, this recent funding round will allow the company to expand into the US […]
Specialist business property adviser, Christie & Co, has announced the sale of Harrops Pharmacy in Saltburn-by-the-Sea, North Yorkshire. Harrops Pharmacy is a well-performing community pharmacy which, in 2020, dispensed an average of 10,700 items per month. It is located on the main street in Loftus in the North Yorkshire region of Saltburn-by-the-Sea and the North […]
An invoice finance company has expanded with a double swoop in a multi-million pound deal. A team at north west law firm Taylors Solicitors advised WeDo Invoice Finance on its acquisition of Alexanders Discount and Corporate Commercial Collections. Alexanders and CCC, two sister companies based in Colchester, had encountered financial difficulties and FRP Advisory was […]
Moo Free, a Devon company that produces vegan chocolate free-from dairy, gluten and soya, is expanding its product range as the sector continues to boom. The company has rebranded and expanded its line of chocolate products to extend its appeal beyond children to additionally target adults. Santander UK has supported Moo Free with its growth […]
