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.
03 July 2014
Little Street founders Hannah and Shay Elbaum and NatWest relationship manager Joanne Brown
NutraHealth
Location
Kings Norton, Birmingham, and Swadlincote, Derbyshire
Amount lent
More than £20m, including a £15 million lending facility from RBS Invoice Finance
Key individuals involved: James Amery, group finance director for NutraHealth and Matt Broomfield, corporate development manager for RBS Invoice Finance
Why
The lending package will enable NutraHealth to boost sales of over-the-counter pharmaceuticals, increase exports and launch new product lines under its four operating companies ‒ BioCare, Natural Wellbeing, Brunel Healthcare Manufacturing and Max Healthcare.
Little Street - Pic
Location
Frimley
Amount lent
£15,000
Key individuals involved
Little Street founders Hannah and Shay Elbaum and NatWest relationship manager Joanne Brown
Why
To launch a role-play based play centre for young children, creating six new part-time jobs. Play areas within the centre will include a child sized supermarket, café, beauty salon, medical centre, construction site and theatre.
Vulcan Refractories
Location
Cheadle, Staffordshire
Amount lent
£1m
Key individuals involved
Gary Dukes, Managing Director of Vulcan Refractories and Richard Dennis, Relationship Manager for NatWest.
Why
The company, which manufactures refractory and infra-red heating systems, plans to double turnover within four years and increase productivity by 20% following an extensive refurbishment of its 20,000 square foot premises.
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Latest news
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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.
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