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OakNorth’s pre-tax profits increase by 23% to £187m as it surpasses £10bn in lending to businesses since launch, and expands its offering to the US
London, UK, Monday 25th March 2024; OakNorth – the digital bank for entrepreneurs, by entrepreneurs – today publishes its latest Annual Report, revealing pre-tax profits of £187.3m in 2023, up 23% from £152.3m in 2022. OakNorth provided over £1.7bn of gross new lending facilities in 2023, continuing its track record of supporting the most ambitious […]
Glasgow-based, Ambassador Group, to build new homes at historic Bangour Village, following £21m loan from OakNorth
Founded in 2011, Ambassador Group is a privately owned, Scottish real estate company spanning three divisions, Development, Investment and Advisory; Headquartered in Glasgow, the firm has advised on over £2b of UK real estate transactions since inception, with a development pipeline of over 2.5k homes; The £21m loan from OakNorth will be used to develop […]
Manchester-based property business, Hurstwood Holdings, to develop three residential schemes following £18m loan from OakNorth
Hurstwood Holdings is a leading privately owned property investment and development company headed up by Chairman and CEO, Stephen Ashworth; Headquartered in Manchester, Hurstwood’s AUM totals over £300m, including office, industrial, leisure, and residential properties that are home to over 1000 tenants all over the UK; The £18m loan from OakNorth will be used to […]
OakNorth completes £232m club loan to family-run business, Splendid Hospitality Group, to support future capex works
Splendid Hospitality Group is one of the UK’s fastest growing privately owned hotel groups; Founded over 30 years ago, the Group has designed, built, and operates a portfolio of 24 properties, from independent hotels to major brands including IHG, Marriott, Accor, and Hilton; The club loan will support future capex works, including the extension of […]
OakNorth completes first pan-European deal with £22m loan to Sticks n Sushi to support its growth
Founded in 1994, Sticks n Sushi is a restaurant group specialising in sushi and yakitori, with 27 restaurants across Denmark, the UK, and Germany; The group has recently been acquired by McWin Capital Partners, which focusses on the food service and food technology sectors; With OakNorth’s and McWin’s support, the restaurant group will continue to […]
OakNorth completes £2.5m loan to SES, a leading manufacturing business, to support the creation of its employee ownership trust
Founded in 1994, SES provides power distribution products for the entertainment industry, with customers including Universal Studios, Sky, Warner Bros, and Aggreko; It’s also supported severable notable productions including: Coldplay Music of Spheres tour, Ed Sheeran Mathematics Tour, The last five Bond Movies, Dunkirk, and Mission Impossible, as well as theatrical productions: Mamma Mia, Harry Potter & […]
