Business lending: September Deals of the Month
Our September Deals of the Month range from a £15,800 loan to support a growing candle’s business moving to a new premise, to a £3.5 million loan to transform a hotel into a boutique establishment.
10 October 2014
Each month, we profile five of the key SMEs banking deals supported by RBS and NatWest business banking and commercial banking teams around the UK.
PKF Cooper Parry
Location
East Midlands
Amount lent
£1 million financial package from NatWest
Why
The investment has facilitated PKF Cooper Parry’s purchase and refurbishment of a 25,000 square-foot office space based near East Midlands Airport. The new premises enabled the merger of the accountancy and business advisory firm’s three city centre offices into one, bringing a huge benefit to clients, business and people. Easy access to East Midlands Airport has also improved PKF Copper Parry’s access to a growing national and international client base.
Key individuals involved
Ade Cheatham, CEO of PKF Cooper Parry, and Martin Shaw, senior Professional Sector Relationship Manager for NatWest.
Tavistock Hospitality
Location
Sunderland
Amount lent
£3.5 million loan
Why
Tavistock Hospitality planned to transform Roker Hotel into a high-end boutique hotel to elevate the property from a Best Western to a Best Western Plus standard. The investment allowed for the Roker Hotel to undertake refurbishment and improvement plans, developing into a boutique establishment with exceptional service, new improved dining facilities and a luxurious setting.
Key individuals involved
Mark Hird, Managing Director of Tavistock Hospitality and NatWest Relationship Director Mike Cross
Kringle Candle
Location
Sheffield
Amount lent
£15,800
Why
The investment helped Kringle Candle to fund its move to a new 260 sqare-foot store in Sheffield’s Meadowhall Shopping Centre to accommodate its growing customer base.
Key individuals involved
Jodi McGinnes and Alison Kayne from Kringle Candle, and NatWest Relationship Manager Dave Sedgwick
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