Business lending: September Deals of the Month

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