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
Posted In
Tagged
Latest news
New research from NatWest and the British Franchise Association (bfa) highlights changes and profitability in the sector.
52 winning organisations have been announced for round two of the 2018 Skills & Opportunities Fund.
Simon McNamara, RBS Chief Administrative Officer and Executive Sponsor of the RBS Multicultural Network, recently hosted an event in discussion with Eric Holder, the first black US Attorney General. They discussed career, ethnicity, diversity and even a little bit of politics. At the event, Eric Holder shared his wisdom and experience with attendees from the RBS Executive committee and RBS Multicultural Network. Simon McNamara blogs about his experience meeting Eric, a BAME role model, and why diversity is so important to RBS.