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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 […]
OakNorth Bank lends £15M to leading hotel family business, JMK Group, for freehold buyout of two London hotels and upgrades to an existing hotel
JMK group is a family-run, privately owned hospitality group founded in 2009, which started as a small boutique hotel in Kensington; Since then, the Group’s portfolio has grown into a portfolio of hotels, properties, and coffee houses across London and Ireland; The capital from OakNorth Bank will fund the freehold buyout of two hotels and […]
OakNorth Bank lends £2.3M to Create Real Estate to convert a vacant casino in central Bristol into new offices
Founded in 2018, Create Real Estate acquires UK real estate assets with the opportunity to add significant economic, social and environmental value through intensive asset management and development; The capital from OakNorth Bank will support the conversion of vacant upper floors of a building in central Bristol from a casino into offices; According to the […]
