The country’s leading Thai restaurant group has completed a £5m loan by accessing the CBIL scheme through Barclays. With 35 sites across the Midlands and Southern England, Giggling Squid had been performing extremely well going into the crisis, despite the well-publicised headwinds effecting the casual dining sector. The Barclays loan will cover liquidity needs and […]
With doors opening on 4 July and the two-metre rule now relaxed, it will be back to business for the leisure and hospitality industry. However, this crisis doesn’t end with the dialling down of lockdown and the easing of distancing measures. A further cash boost is urgently needed to ensure all businesses survive long enough […]
The 25 Boutique B&B, a five-star luxury boutique B&B in Torquay, Devon, has agreed a five-figure Bounce Back Loan with Santander UK to support the business during the COVID-19 pandemic. The B&B, which opened its doors in 2015 following a major refurbishment, hosts six individually styled luxurious bedrooms and has won several awards, including being […]
An AI powered digital waiter and menu service, w8r.ai has launched to help restaurants, cafes and bars to safely re-open their doors as lockdown restrictions begin to be lifted. The service removes the need for physical menus and lets customers order food and drink directly to their table from their own phone, increasing staff and […]
Tregenna Castle Resort, in St Ives Cornwall has secured a £1m loan from Lloyds Bank to help secure the business’ future after the hotel, self-catering, leisure and events venue was forced to shut amid the Covid-19 lockdown. The coastal resort secured the finance in preparation for a significant drop in revenue, with quarantine restrictions falling […]
Aqua, an independent family run group of restaurants in the south west of England, has secured £165k funding from Santander UK through the Coronavirus Business Interruption Loan Scheme (CBILS), to support the business during the outbreak. Founded in Bristol in 1998 by Richard Smithson, Aqua has become a successful family-run Italian bistro over the years. […]
Mitchells & Butlers, one of the largest operators of UK restaurants, pubs and bars, has secured £100m of funding from Santander UK and HSBC UK as part of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Established in 1898, the Group operates 1,700 sites across the UK, including Harvester, Toby Carvery and All Bar One. […]
Oxford-based The Cocktail Service Ltd, a fast-growing provider of premium mobile bars for events and festivals, has secured £100,000 in new funding from Santander through the Coronavirus Business Interruption Loan Scheme (CBILS). Established in 2009 by three friends, the business had increased its annual turnover by around 60% over the last two years, and had […]
Specialist commercial finance broker, Christie Finance, supported new entrants to the market, Mark Pulman and Louise Smalley, in the purchase of Thelbridge Cross Inn, an authentic pub located in Crediton, Devon, that was brought to market by Christie & Co. Thelbridge Cross Inn is a picturesque country inn located amongst the glorious rolling hills of […]
A group of popular Derbyshire restaurant hotels has secured a six-figure Coronavirus Business Interruption Loan Scheme (CBILS) loan from Lloyds Bank to help secure its future as it keeps its doors shut during the COVID-19 pandemic. The Boar’s Head in Draycott-in-the-Clay, The Lion Hotel in Belper and The Littleover Lodge Hotel in Littleover are owned […]
