Business lending: deals of the month


Business lending: deals of the month

Each month we profile five of the key deals supported by RBS and NatWest business teams around the UK.

Abdul Sadek, NatWest business manager in Oxford, and Bluey Richards, owner of the Pie Emporium

Rotary Watches

Location

London

Amount Lent

Substantial funding through the Government’s Funding for Lending scheme and RBS Invoice Finance.

Key Individuals involved

Gary Williams, Finance Director at the Dreyfuss Group, Rotary’s parent company, and Jonathan Coates, Relationship Director in NatWest’s Special Sectors team

Why

Dreyfuss Group needed working capital to underpin its four year sponsorship deal with Chelsea Football Club, which sees it become the Global Official Timekeeper for the Premier League team. Rotary views the sponsorship as an opportunity to grow its exports by 60% in 2014, tapping into Chelsea’s 500m supporters worldwide

Vistec Systems

Location

Crawley

Amount lent

£225,000

Key individuals involved

Dean Hawkins, Director of Vistec Systems, and Geoff Turtle, Senior Relationship Manager at the Crawley NatWest branch 

Why

To enable the security systems company to expand its headquarters, following a doubling in growth year on year and turnover rising to more than £3m. The £225,000 commercial mortgage enabled Vistec to buy the freehold of its existing premises and the unit next door

The Pie Emporium

Location

Oxford

Amount lent

£30,000

Key individuals involved

Bluey Richards, owner of the Pie Emporium, and Abdul Sadek, NatWest business manager in Oxford

Why

The restaurant’s trade was hit just a few weeks after launch when flooding prevented potential customers from coming into Oxford. Bluey and her husband Stewart borrowed the £30,000 interest free for three months from the NatWest Storm Business Fund to help with cash flow

Industrial Site Maintenance

Location

Hannington, Northamptonshire

Amount lent

A six figure package comprising of a NatWest loan backed by the Governments Enterprise Finance Guarantee Scheme and working capital support from RBS Invoice Finance.

Key individuals involved

Angus McFadzean, managing director of Industrial Site Maintenance, and John Luxton, relationship director for NatWest.

Why

To continue growing, the company must invest in the latest machinery, train its workforce and recruit high quality staff. Using the NatWest funding, the company plans to create 40 new jobs and expects a 38% revenue boost over a four year period.

Tagged

2014

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