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OakNorth Bank helps support British businesses through the Covid-19 crisis, approving over £36m of new loans in the last two weeks
British businesses are in desperate need of capital to see them through the Covid-19 crisis, but many are struggling to obtain the debt finance they need from their clearing bank as quickly as they need it; OakNorth Bank has applied to join CBILS and is awaiting accreditation from the British Business Bank; In the meantime, […]
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
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 […]
OakNorth Bank completes £50m transaction with returning client Hayfield to accelerate growth ambitions to 500 homes per annum
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 […]
OakNorth Bank provides £27m funding for the development of a new 12-storey aparthotel in Aldgate, operated by Edyn Group
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 […]
OakNorth Bank completes seven-figure debt finance deal with Dow Schofield Watts to support strategic investment in Camlee Group
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 […]
OakNorth Bank completes £4.4m loan to promoters of long-established Indian property developer, Kolte-Patil, for two major developments in Surrey and Greenwich
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 […]
