January Deals of the Month


January Deals of the Month

Our January Deals of the Month range from a £125,000 loan that opened a new child care and community centre in Sheffield, to a seven-figure funding deal that allowed a haulage company acquire a new operating licence to facilitate its operation of 133 tractor units.

Chris Finnigan, senior relationship manager at NatWest, Mark Thompson, senior relationship manager at Mark Thompson Transport, and Sean Bellingham, Lombard relationship manager.

Each month, we profile five key SME banking deals supported by RBS and NatWest business banking and commercial banking teams around the UK.

Ian McConnell Veterinary Practice

Location

Mossley, Greater Manchester

 

Amount lent

A six-figure loan for the purchase of a new premise, and another six-figure loan to assist with the refurbishment.
 

Why

Veterinarian Ian McConnell has opened a new state-of the-art surgery after purchasing the former Mossley Library on Wyre Street in Mossley.

The ex-library has undergone extensive refurbishment and it now includes four vet and nurse consultation rooms, a central surgical preparation suite, two sterile operating theatres, a radiography theatre and an isolation unit.

Other facilities on the site include separate kennel areas for dogs and cats, a large and welcoming reception,retail area and separate seating areas for dogs and cats.

 

Key individuals involved

Veterinarian and business owner Ian McConnell, and NatWest Relationship Manager John Morgan.

 

 

North Hill Hotel

Location

Colchester

 

Amount lent

A six-figure investment

 

Why

North Hill Hotel has completed a pivotal extension project thanks to the help of NatWest.

Established six years ago by owner Rob Brown, the boutique-style hotel features 24 rooms and a 100-cover restaurant named The Greenroom. Catering to business guests and the tourist market, North Hill Hotel employs 50 members of staff from the local area.

As part of its growth strategy, the business has purchased and revamped an adjacent building – creating a further seven en-suite bedrooms in the process.

 

Key individuals involved

North Hill Hotel business owner Rob Brown and Ian Monaghan, senior Relationship Manager and leisure specialist for NatWest.

 

 

Tagged

2015

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