COMMERCIAL BUSINESS LENDING - CASE STUDIES

COMMERCIAL BUSINESS FUNDING

As part of our continuing success, we are delighted to announce news of our significant involvement in a re-financing deal for the Sefton Group plc.

The deal, which is to refinance the Best Western Palace Hotel and Casino site in the Isle of Man, was facilitated in the main by Allied Irish Bank (GB), with one of the Sefton Group plc’s largest shareholders, Sunningdale Investments, providing a smaller, supporting loan.

Our services were engaged from an early stage, and we performed an extensive search of financial institutions, before determining that Allied Irish Bank (GB) clearly stood out as a ‘best fit’, before supporting the deal through to draw-down.

Speaking about the announcement, Managing Director, Ed Ogden, said; “I was delighted to be approached by the Sefton management team to assist with the refinancing of the Best Western Palace Hotel and Casino, and in doing so to support the future of one of the Isle of Man’s flagship leisure and hospitality brands.”

Sefton Group plc Chairman, Clive Parrish, commented: “The positive financial results we have announced for 2015, coupled with the deal to refinance the Best Western Palace Hotel and Casino site, really does underline the Sefton Group plc’s long-term commitment to the Isle of Man. This deal will help to provide an even more robust financial platform upon which we can develop our flagship hospitality and leisure operation for the benefit not only of our customers, employees and shareholders, but also for the Island and its visitor economy.”

COMMERCIAL TRADING

A mandate was secured from a large corporate PLC entity to lead the renewal process of their long-term committed bank facilities, which had fallen for renewal.

We secured improved terms and formal renewal of all committed banking lines. Improved terms, monitoring conditions and funding were secured.

Total facilities renewed: £15m.

A small medium enterprise (SME) business required additional support following the successful tender for a significant new sales contract. The existing bank was unable to assist this long-established business.

Terms were agreed to refinance the existing company debt, together with additional cash flow support for the new contract.

Total facilities: £3m

Total facilities renewed: £15m.

A mandate was secured from a large corporate PLC entity to lead the renewal process of their long-term committed bank facilities, which had fallen for renewal.

We secured improved terms and formal renewal of all committed banking lines. Improved terms, monitoring conditions and funding were secured.

GET IN TOUCH WITH OUR EXPERTS

We have a highly experienced team who have extensive backgrounds in Finance and an ethos to provide the best service for clients. We take time and care getting to know our clients and tailoring the terms available in the marketplace to ensure we secure the best terms possible.

Our team share their knowledge with each other to ensure we are all working collectively to cater for our client’s needs and keeping abreast of any market developments.