The OakNorth newsroom

Stay in the know about our latest partnerships, customer success stories and all other things OakNorth.

For press enquiries, get in touch at [email protected]

OakNorth Bank sees pre-tax profits jump 95% in 2019 to £65.9m and becomes one of the first banks globally to achieve net carbon zero

Monday March 9th, 2020

In just four years since launch, OakNorth Bank has become Europe’s fastest-growing company[1] and ranks amongst the top 1% of banks globally in terms of performance[2]; Using the OakNorth platform, the Bank has profitably lent over £4bn to British businesses since its launch in September 2015, and attracted deposits from 144,000 savers; Its loans have […]

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OakNorth Bank completes £50m transaction with returning client Hayfield to accelerate growth ambitions to 500 homes per annum

Thursday February 20th, 2020

Solihull-headquartered Hayfield, one of the UK’s leading housebuilders, providing a range of properties to suit all tastes and requirements; The bespoke £50m debt finance package from OakNorth Bank will be used to accelerate growth, enabling the three year-old housebuilder to deliver 500 homes per annum over the next 36 months; Previous loans from OakNorth Bank […]

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OakNorth Bank provides £27m funding for the development of a new 12-storey aparthotel in Aldgate, operated by Edyn Group

Friday February 14th, 2020

The Edyn Group was sold last year for approx. £430m making it the largest investment in the UK aparthotel sector to date; The new development will consist of 103 units, office space on the mezzanine level and a ground floor restaurant; The site is a short walk from Aldgate East Station and the new Crossrail […]

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OakNorth Bank completes seven-figure debt finance deal with Dow Schofield Watts to support strategic investment in Camlee Group

Wednesday February 12th, 2020

Independent advisory firm, Dow Schofield Watts, has made a strategic investment in Camlee Group, the Manchester-based corporate finance boutique which is a leading provider of business sales advice to SMEs; The deal was supported by a seven-figure debt facility from OakNorth Bank; Camlee will continue servicing the SME market under its existing brand, while co-operating […]

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OakNorth Bank completes £4.4m loan to promoters of long-established Indian property developer, Kolte-Patil, for two major developments in Surrey and Greenwich

Thursday January 23rd, 2020

Founded in 1991, Kolte-Patil Developers Limited has over 25 years’ experience in property development, having delivered 15m sq.ft. of projects across Pune, Mumbai and Bengaluru; These will be Kolte Patil Limited’s (company is wholly owned by Kolte-Patil Family Office) first developments in the UK; The bespoke £4.4m facility from OakNorth Bank will be used to […]

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OakNorth Bank provides £2.3m loan to Moorlands Healthcare Limited for the acquisition of a specialist care home in Staffordshire

Tuesday January 21st, 2020

The finance will be used to acquire Harewood Park Care Home in Cheadle, Staffordshire and add three more rooms, bringing the total to 37; This will be the first acquisition for Moorlands Healthcare Limited, part of the My Choice Healthcare Group, which is aiming to acquire more care homes in the Counties adjoining Staffordshire and […]

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The OakNorth newsroom

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For press enquiries, get in touch at [email protected]

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