Residential Development Finance Loan-JW &SH Enterprises Ltd
Hopyard Court, Shrewsbury
- Purpose of loan - Building on a parcel of land attached to pub in Ryton, Shrewsbury with planning for 3 x 2 bed and 3 x 3 bed courtyard development and refurbishment and conversion of adjoining barn
- Gross Development Value - £1,400,000
- Loan Facility - toward funding the construction costs of the project.
John Owen, Director, Client commented, "From our first meeting with Ian, we knew this was the right relationship for us. Where other advisors were unable to help, Ian understood our needs very quickly and was able to deliver a solution.
The support and advice we received prior to completion of the loan was in invaluable and critical to the completion of the development and sale of the properties.
We would highly recommend Ian’s services and would have no hesitation in recommending him to other developers.”
Norgrove Building Supplies Ltd-Acquisition Finance Loan
An experienced member of the building and construction industry, Jack Norgrove identified the promise in a plumbing and drainage suppliers in Kidderminster, and put a proposal together to buy it out. When the bank he was talking to declined the deal due to insufficient security, he went looking elsewhere.
Jack’s accountants recommended that he spoke to Ian Clark at Rookery Business Finance, a local business finance consultants with over 30 years’ experience, who advises on a range of funding options. Ian explains: “Having looked at the background papers, it was clear that there would not be enough security for any of the high street banks to consider this proposal; what this opportunity needed was a funder with a more flexible approach for SMEs.”
Ian spoke to ESF Capital, major shareholder in ThinCats and Sponsor to the platform, to discuss accessing a peer-to-peer loan. He was able to demonstrate that it was a very solid business with a good track record, and described Jack Norgrove as someone with, “the vision, drive and expertise to grow this business to the next level.” ESF and ThinCats concurred, and the loan was listed and filled on schedule, allowing Norgrove Building Supplies Ltd to officially purchase the business, and immediately start implementing the development strategy.
Jack details the plans: “We are introducing new stock and widening the range sold by the business to enable the company to supply to all aspects of the building industry. Norgrove Building Supplies will provide building materials for both trade and public markets, and will be selling a larger range of items to existing customers. We are also looking to develop an online presence, with click and collect, taking us into another new revenue stream.”
Summarising the experience, Ian says: “ESF and ThinCats have been very much part of this journey, and without this loan the journey would not have begun.”
Testimonials
Riva Europe Ltd
Recent loan for expansion of the business in respect of additional orders the business needed to fund;Mike Nichol Managing Director "Many thanks Ian for arranging the loan so fast and easily. Will be in touch when the next opportunity comes up".
Hart Materials Ltd
Ian Clark arranged finance for the purchase of a warehouse/office building for my Company Hart Materials Limited. The service we received was efficient, quick and properly monitored by him until the money was in our bank account. Ian is straightforward to deal with for people without expertise in finance – you do not get bombarded by unintelligible phrases and acronyms. Above all, I judge him as completely honest.
If and when a similar requirement arises I shall be dealing with Ian.
Tony Hart, Managing Director
MCA Financial Services
"I have used the services of many commercial intermediaries in the past. After speaking to Ian for the first time I finally felt I had found someone who looked at the deal from my perspective. Ian has always impressed me with his depth of knowledge, professionalism and most of all ability to find a way through even the most difficult of cases. I have no hesitation in placing all of my new enquiries though him and I feel confident in the solutions he provides.
Mark Birch, Partner, MCA, Financial Services
AFH Wealth Management
'I have known Ian Clark since 2003 and Ian is an extremely professional individual who has a thorough knowledge of commercial banking and a genuine desire to help his customers. Ian takes time to understand the customers' business which ultimately helps to shape and deliver a solution for the customer in the end.'
Nitin Oza, Senior Consultant
Barclays
Having dealt with Ian several times, I have always found him very professional, having a deep knowledge base and broad experience to draw upon in finding a suitable solution for his client's. He has a clear ability to understand the customer and their market, helping the client to find solution's that helps achieve their objective and satisfy the lender's requirement's.
The quality of Ian's application's are professional and make the submission for the lender much easier ,which means the client get a quicker decision, completion and superior customer service.
I have no hesitation in recommending Ian.
Andy Reaney,Business Development Manager
Close Brothers
I had the pleasure of working with Ian on a £250,000 refinance deal for a Recycling Company. The time Ian invested on the transaction before submission, provided a professional and comprehensive proposal which enabled us to complete the funding facility quickly and efficiently for the customer on the term's they had requested. I look forward to working with Ian on future transaction's. I
Kevin Drew, Regional Manager
I had the pleasure of knowing and working with Ian for many years and have always found that his advice and work have been to an exceptionally high standard. My clients have always mentioned to me how they felt he gained an understanding of their business along with the business requirements and assisted them in achieving the best solution available to them.
David Evans, Partner, Lancaster Haskins & Co, Chartered Accountants
