About OakNorth Bank

About OakNorth Bank

OakNorth Bank sees exceptional growth in 2021 with pre-tax profits up by 73% to £134.5mn

Wednesday March 30th, 2022

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 […]

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Business loans

OakNorth Bank provides loan to Strawberry Fields Nursery and Preschool to pursue “buy and build” strategy of nurseries with swimming academies

Tuesday March 15th, 2022

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 […]

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Business loans

OakNorth Bank completes £40M loan to a social impact investment group that are offering innovative solutions to tackle the social housing and care crisis

Monday March 7th, 2022

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 […]

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Business loans

OakNorth Bank provides SME housebuilder, Martin Homes, with a £13.6M loan for new major mixed-use scheme in Hove, Sussex

Wednesday March 2nd, 2022

  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 […]

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Business loans

Harwood Private Capital supports the management buyout of Suffolk based family-run horticulture business following £20M funding package from OakNorth Bank

Monday February 28th, 2022

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 […]

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Business loans

Mumbles Group to develop more than 20 new forecourts across the UK following £20M loan from OakNorth Bank

Wednesday February 2nd, 2022

Mumbles Group has an excellent track record in the sector, having completed eight successful forecourt projects since 2014; The capital from OakNorth Bank will support Mumbles’ ambitious growth plans to acquire and develop more than 20 forecourts; Forecourts continue to play a vital role in local economies, providing over 88,000 jobs across the UK, with […]

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