Lloyd’s broker more than doubles in size with support from NatWest
A Lloyd’s broker has bought a new office that more than doubles its size with funding from NatWest.
21 January 2014
The City of London
Dashwood Brewer & Phipps has bought a 10,000 sq ft building in Mark Lane, in the heart of London’s insurance district, using a multi-million pound loan backed by the Government’s funding for lending scheme.
The independent international insurance and reinsurance broker had outgrown its existing premises in Cutler Street and was being forced to rent extra space nearby when Dashwood’s Managing Director Maryse Hazell and Finance Director Gopi Nathan approached NatWest for a commercial mortgage.
The company intends to move its 44 employees into the new building in March 2014 and plans to use the increased space to expand its business.
Nathan said the expert knowledge of Paul Monaghan, Senior Relationship Manager, Financial Services at NatWest, was crucial in helping the company secure an appropriate property and obtain the loan.
“Once we move into the new offices we will be looking at expansion and future growth for our workforce,” he said
Monaghan said: “Once a company outgrows its premises it’s important to find a new location as quickly as possible, so I was pleased I could help make the process simple and cost-effective.”
Posted In
Tagged
Latest news
RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.
RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.
RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.
We’re now NatWest Group
Come and visit us for all our latest news, insights and everything NatWest Group.