Shawbrook Bank has structured a £1m Commercial Property Mortgage solution for Warrens Display Limited to consolidate existing loans and boost cashflow.
A manufacturer, designer and installer of exhibition stands, Warrens Display Limited provides display materials for events across a wide range of sectors in the UK and abroad, working with clients in the financial recruitment, agriculture, aviation and property industries amongst others.
Established in 2003, the business developed an all-in-one solution for clients’ display requirements, managing the storage and full set up at events. Warrens acquired their own premises in 2015 and in addition to their business mortgage, secured additional loans to cater for improvements to the property.
Working with J9 Advisory, the regional team at Shawbrook has arranged a commercial mortgage facility that consolidates the customer’s current loans and, with a 25 year repayment term, provides the flexibility needed for seasonal trading fluctuations and Warrens’ future developments.
Andy Leal, Managing Director at Warrens Display Limited says:
“Combining our display solutions to provide an end-to-end service for our customers is key to our success. We took the same approach with our finances and believe that this new commercial mortgage from Shawbrook will deliver the additional cashflow and flexibility we need for our long-term plans.”
Johnny Abraham at J9 Advisory, says:
"Warrens, like a lot of UK businesses has suffered from a decline in turnover in recent years as a direct result of the ongoing Brexit debacle. The Management Team therefore engaged with J9 Advisory to review their cashflow requirements and debt facilities with a view to placing the business in the strongest position moving forward. We worked closely with the specialist team at Shawbrook and other stakeholders to ensure that the right funding solution was put in place to meet their needs.”
Jonathan Rostron, Regional Managing Director, Yorkshire and North East at Shawbrook Bank, says:
“We visited Andy and the team at Warrens and took the time to understand the complexity of the business. We were impressed with the onsite set up and the facilities the group had and this, backed with the team’s expertise, gave us the confidence that we could work together to structure a solution that would cater for the needs of this growing business.”