Corporate
OakNorth celebrates five-year anniversary of having dedicated lending team in the North West
To date, OakNorth has completed c.£450m of loans to North West-based businesses across multiple industry sectors; Over the past 12 months, it has lent over £100m to businesses in the region, including: Total Fitness, The Alchemist, and Hurstwood Holdings. MANCHESTER, Monday 22nd July 2024: OakNorth, the digital bank for entrepreneurs, by entrepreneurs, celebrates the five-year […]
Corporate
OakNorth completes almost £730m of lending to British businesses in H1 2024
London, 8th July, 2024: OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has lent several hundred million pounds to British businesses in the first half of this year, as it continues its track record of supporting the most ambitious and innovative businesses across the UK. OakNorth’s focus has always been on supporting scale-ups: businesses with […]
Corporate
OakNorth’s pre-tax profits increase by 23% to £187m as it surpasses £10bn in lending to businesses since launch, and expands its offering to the US
London, UK, Monday 25th March 2024; OakNorth – the digital bank for entrepreneurs, by entrepreneurs – today publishes its latest Annual Report, revealing pre-tax profits of £187.3m in 2023, up 23% from £152.3m in 2022. OakNorth provided over £1.7bn of gross new lending facilities in 2023, continuing its track record of supporting the most ambitious […]
Corporate
OakNorth welcomes Lord Adair Turner as its new Chairman
The appointment will strengthen its ambitious growth plans through Lord Turner’s extensive experience and expertise across financial regulation, banking, and climate change. LONDON, 27 December 2023: OakNorth – the neobank for entrepreneurs by entrepreneurs, today announces the further strengthening of its board with the appointment of Lord (Adair) Turner, as its Chairman. Lord Turner has […]
Corporate
ASK and OakNorth mark first anniversary of corporate partnership
LONDON, November 2023: One year ago, OakNorth – the UK neobank for entrepreneurs by entrepreneurs, acquired a 50% stake in ASK Partners (“ASK”), a specialist lender which has now enabled over £1.4BN of lending through its fintech platform where institutional partners, family offices, and high net worth individuals provide funding. The transaction formed a corporate […]
Corporate
Small but mighty: Scale-up firms make up just 1% of SMEs, but contribute £500b to the UK economy
Wednesday 8th November 2023, London, UK: OakNorth, the neobank for entrepreneurs, by entrepreneurs, has today published new research with the Social Market Foundation, a cross-party think tank, revealing the outsized impact of scale-up businesses1 on the UK economy by region, country, and sector. Small but mighty The new report, titled ‘The Scale of the Opportunity’, follows the recent publication of ‘Full […]