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OakNorth Bank sees exceptional growth in 2021 with pre-tax profits up by 73% to £134.5mn
OakNorth Bank has today published its 2021 Annual Report, revealing a 73% increase in pre-tax profits to £134.5 million[1] (up from £77.6 million in 2020), and a 60% increase in new lending to £1.8 billion (up from £1.1 billion in 2020). By delivering this growth, OakNorth Bank deepened its support for UK businesses, powered by […]
OakNorth Bank provides loan to Strawberry Fields Nursery and Preschool to pursue “buy and build” strategy of nurseries with swimming academies
Based in Chorley, Strawberry Fields is a newly developed purpose-built full-day nursery in Chorley, Lancashire, with capacity for 110 kids, a café, and a swimming academy; The swimming academy provides Strawberry Fields with a differentiated offering in the market and an additional revenue stream outside of nursery hours; Despite only being open for a few […]
OakNorth Bank completes £40M loan to a social impact investment group that are offering innovative solutions to tackle the social housing and care crisis
The loan is to Grosvenor Hill, a newly formed social impact group led by the team behind Mountain Capital & MLX Capital, who have a long-standing track record of delivering high-quality real estate projects across the UK; Grosvenor Hill are a real estate and investment group that uniquely designs and develops projects in partnership with […]
OakNorth Bank provides SME housebuilder, Martin Homes, with a £13.6M loan for new major mixed-use scheme in Hove, Sussex
Founded in 2008, Martin Homes specialises in new build and conversion developments within the prime locations of London, Sussex, Surrey, and Kent; The capital from OakNorth Bank will be used to develop a new major-mixed use scheme in Hove, compromising of 52 apartments, a large office space and 25 private parking spaces; Situated on […]
Harwood Private Capital supports the management buyout of Suffolk based family-run horticulture business following £20M funding package from OakNorth Bank
Harwood Private Capital focuses on providing flexible funding to UK SMEs and lower mid-market companies; The firm has secured a £20M funding package from OakNorth Bank to support the management buyout of family-run horticulture business, Mr. Fothergill’s Seeds Limited; Founded in 1978 by Jeff Fothergill and Brian Carey, Mr. Fothergill’s Seeds is an independent horticulture […]
OakNorth Bank completes £21M loan to Tri7 and Alchemy to invest in real estate value-add opportunities that have arisen on the back of COVID-19
OakNorth Bank completes £21M loan to Tri7 and Alchemy to invest in real estate value-add opportunities that have arisen on the back of COVID-19 The capital is to Tri7 (formerly known as Skape Real Estate), a real estate investment and asset management firm, and funds advised by Alchemy Special Opportunities LLP (Alchemy), the European private […]
