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 […]
Specialist business property adviser, Christie & Co, has today launched its mid-year review of the UK pub and restaurant markets, which reflects on activity, trends and challenges in the first half of 2021. The review also shares the results of Christie & Co’s latest operator sentiment survey, providing an outlook for the sectors and business […]
June saw the output of UK hospitality businesses grow at the fastest rate in nine years, as more consumers took advantage of lockdown-easing, according to the Lloyds Bank Recovery Tracker. The tourism and recreation (63.1) sector recorded its strongest output growth since January 2012. Prior to April 2021, the sector’s output had fallen every month […]
Stay Original Company Ltd, which owns and operates five freehold coaching inns throughout the South West of England has more capital to invest in growing its business following a re-financing of its loans to Cynergy Bank. Cynergy Bank provided Stay Original with a total of £8.7m in financing. This included £4.7m Coronavirus Business Interruption Loan […]
Commercial finance specialist, Christie Finance has supported an experienced retailer, Mr Nanthakumar Anton Ananthamathan, to purchase Corking Wines, a highly regarded convenience store based in a suburban area of North Yorkshire. Corking Wines, a well-fitted licensed convenience store, prominently sits in a desirable area one mile northwest of York. The store has served its local […]
Prospect Pubs & Bars, an operator of four pubs in the home counties, with a fifth due to open later in 2021, has a new injection of finance thanks to Cynergy Bank. Cynergy Bank provided Prospect Pubs & Bars with a £1.60m CBILS loan in November 2020 followed by another loan of £187,500 in June […]
