A boutique hotel has been able to develop nearby land into outdoor dining, and increased their capacity by 25%, after Business Gateway helped the owners secure funding and put the operational systems required for the expansion in place. The Eglinton Arms is a 34-bed hotel based in Eaglesham, Renfrewshire and was originally a coaching inn, […]
Specialist finance broker, Christie Finance has supported SOGBOG Limited to acquire the leasehold interest of Folk, a popular bar and venue-hire business in the affluent South Manchester suburb of West Didsbury. SOGBOG Limited is represented by a group of four directors, who are first-time buyers. All four directors of the group have developed impressive management […]
Specialist business property advisor, Christie & Co, is delighted to announce The Burcott Inn, a pretty 16th century village pub with letting rooms in Wookey has been sold for the first time in 27 years. Funding for the purchase was secured by Christie & Co’s sister company, Christie Finance. Nestled at the foot of the […]
Santander UK has provided Tortilla Mexican Grill PLC (“Tortilla”) with a £10m bilateral revolving credit facility, supporting its growth strategy. Tortilla was listed on the AIM market of the London Stock Exchange today. Tortilla is the UK’s largest fast-casual Mexican restaurant brand, offering a high-quality, affordable and freshly prepared California-style Mexican menu. It opened its […]
The government’s scaling back of its Covid support measure is coming too soon for businesses with little or no cash reserves, a leading tax expert is warning. The 7.5% rise in VAT for the hospitality industry will slow down the Covid recovery and could even cause a number of unnecessary permanent closures, according to Scott […]
Lender 365 Business Finance has been supporting the funding needs of the country’s hospitality industry, with the demand from restaurants for merchant cash advances up 30% year-on-year. Meanwhile, pubs and bars have shown an even greater need for flexible finance with a reported 37.5% growth in the number of advances taken by these businesses. SMEs […]
Worcestershire-based Sustainable bag-in-box wine brand, When in Rome, has secured £375,000 from the Midlands Engine Investment Fund (MEIF) West Midlands Equity Fund, managed by Midven (part of the Future Planet Capital Group). Having already secured listings with Waitrose, Ocado and Amazon, the MEIF funding will allow When in Rome to accelerate its growth by upscaling its marketing activities and […]
The UK hospitality sector continues to struggle and is yet to reap the benefits of the July 19 “Freedom Day” according to the latest data from the Xero Small Business Index, part of Xero Small Business Insights. The data, produced by global small business platform Xero in partnership with Accenture, is based on anonymised and aggregated […]
Ponti’s Restaurant, which has been run by the same family for nearly 50 years, has not only survived the pandemic but has come through it stronger than ever. The business, which has restaurants in Sheffield and London, negotiated a short-term working capital injection of £100k from Reward Finance Group to cover its costs when normal […]
Inda Pubs Group, independent pub company based in West London, has been provided with £3.5m in funding to support the purchase of the freehold interest in one of their pubs by leading alternative finance provider to mid-sized SMEs, ThinCats. Founded in 2012 by James Corbett, the Inda Pubs Group runs seven high end pubs in […]
30/11/2021
Edition 295 – November 2021
Well read? By Business Money group editor Robert Lefroy Great expectations Jo...
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