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Private equity-backed SME housebuilder, honey, to build over 250 additional new homes across Yorkshire following £12.2m of further funding from OakNorth
Founded in October 2022 by former Avant Homes CEO, Mark Mitchell, honey builds homes which combine style, substance and sustainability; The business is backed by private equity firm, Alchemy Partners, whose assets under management total over £2.2b; The £12.2m loan from OakNorth will be used to support two of honey’s new housing schemes in Huddersfield, […]
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 […]
