Business loans
Mumbles Group to develop more than 20 new forecourts across the UK following £20M loan from OakNorth Bank
Mumbles Group has an excellent track record in the sector, having completed eight successful forecourt projects since 2014; The capital from OakNorth Bank will support Mumbles’ ambitious growth plans to acquire and develop more than 20 forecourts; Forecourts continue to play a vital role in local economies, providing over 88,000 jobs across the UK, with […]
Business loans
Product diversification at Ottolenghi leads to higher earnings margin and repayment of almost half of its CBILS loan from OakNorth Bank
In July 2020, OakNorth Bank provided a £3.7M CBILS loan to Ottolenghi to help cover working capital throughout the pandemic; In the months following the first UK lockdown, the company expanded its online shop with dinner boxes, prepare at home meal kits, and a tableware licensing deal; In May 2021, Ottolenghi moved its production unit […]
OakNorth in the News
Innervation Capital-backed, Melrose Education, secures growth capital from OakNorth Bank to pursue “buy and build” of Special Educational Needs schools
Melrose Education has secured a loan from OakNorth Bank to pursue a targeted “buy and build” of high-quality Special Education Needs (“SEN”) schools; This is the third time OakNorth Bank has supported Innervation Capital. OakNorth Bank previously backed ICP Nurseries (a nurseries “buy and build” group focused on the London and South East region) in […]
OakNorth in the News
OakNorth Bank completes £20.5M loan to Axis Retail Partners to support its maiden shopping centre acquisition
Formed in 2018 following a partnership between Generali Investment Holding and entrepreneurs, Florencio Beccar and Toby Smith, Axis Retail Partners is a leading advisory boutique specialising in European retail investments; With c.€525M of assets under management (AUM), the firm has a strong track record of managing retail assets across several geographies, risk spectrums and property […]
OakNorth in the News
Alchemy-backed Inn Collection Group surpasses its 2022 portfolio target and secures £42M from OakNorth Bank to support future growth
In 2019, OakNorth Bank provided The Inn Collection Group with a funding package to support the doubling of its portfolio to 21 sites by 2022; Thanks to COVID, the Group has managed to exceed this target, acquiring quality sites at competitive entry prices, and now has 26 inns across Northumberland, County Durham, the Lake District, […]
OakNorth in the News
OakNorth deepens support for SMEs with its first acquisition – and says there will be more
OakNorth has agreed to purchase 100% of Fluidly, subject to regulatory approval; Founded in 2016, Fluidly’s mission is to help small businesses sleep better at night via its cashflow forecasting tool – a product which c.1,300 UK accounting firms subscribe to; This mission is highly synergistic with OakNorth’s mission to empower the ‘Missing Middle’ – […]