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.

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.

Tagged

2014

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