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OakNorth Bank lends £6.2m to family-run SME homes creator, bunnyhomes, for major new residential neighbourhood in Cornwall
The capital has supported the creation of 24 new homes in the village of Kilkhampton and is part of a 34-unit new neighbourhood; Founded in 2013 by Tracey Kent in her garage, bunnyhomes has since invested more than £20m in the Cornwall and Devon economy; The business has an aspiration to become a c.250 unit […]
OakNorth Bank extends loan facilities to Staycity Group to support its growth as it looks to expand to 18,000 apartments by 2028
Founded in 2004, Staycity is an Irish-owned pan European aparthotel business with 5,304 keys across 32 locations in 15 cities; OakNorth Bank provided a £30m loan – £15m of which was through CLBILS – to the business in 2020 to help it through COVID and support its expansion plans; This transaction sees the £15m CLBILS […]
OakNorth Bank completes transaction with Nottinghamshire-based plumbing, heating and electrical services contractor following a management buyout
The loan is to FDBC Holdings, part of Neil Shacklocks, and will support the business’ future growth plans, following a management buy-out in June 2020; Neil Shacklocks undertakes plumbing, heating and electrical installations throughout the East Midlands and South Yorkshire; Servicing residential new build developments, social housing refurbishments and commercial projects, the business has built […]
OakNorth Bank boosts Board with the appointment of accomplished entrepreneur and founder of Gousto, Timo Boldt
OakNorth Bank – the UK bank for entrepreneurs by entrepreneurs – today announces the further strengthening of its Board of Directors with the appointment of Timo Boldt as a Non-Executive Director. Timo Boldt is the Founder and CEO of Gousto, which pioneered the recipe box offering in the UK when it was established in April […]
OakNorth Bank provides a £4.2M loan to My Choice Healthcare to acquire two family-run care homes in Swansea
The borrower is a subsidiary of the My Choice Healthcare Group, which also includes existing OakNorth customer, Moorlands Healthcare; The Group’s management team has a combined 30+ years of experience working in the health and social care industry and running care homes; The capital from OakNorth Bank will be used to refinance existing debt and […]
ASK and OakNorth Bank co-lend £44.5M for Sheen Lane Development’s acquisition of Richmond’s former House of Fraser
Real estate funding specialist ASK Partners (“ASK”) and OakNorth Bank, the UK bank for entrepreneurs, by entrepreneurs, have provided a £44.5m senior development and acquisition loan to privately owned property development company Sheen Lane Developments, to fund the acquisition and refurbishment of a former department store. The acquired 0.5-acre site located in the well-connected, affluent […]
