Wealthcare benefits from building boom …

By 13th October 2015 Corporate Advice No Comments

A building boom has paved the way for a record year for the corporate finance arm of financial services business Wealthcare.

The Bury-based firm brokered £14m of deals in the first nine months of this year, matching its total for the whole of 2014.

The three months to the end of September saw Wealthcare arrange £7m of finance, a record quarterly performance for the division. Wealthcare brokers business finance with banks, specialist lenders, crowd-funders, private individuals and hedge funds.

The 14 deals in the first nine months of this year ranged in value from £125,000 to £3.7m.

Associate director Martin Simons, who heads Wealthcare’s corporate finance division, said: “More finance is being made available by lenders, and we are seeing more entrepreneurs prepared to take risks.

“Growth has come in the housebuilding sector and in commercial construction, in particular for new healthcare, retail and leisure facilities as well as refurbishment schemes.

“There has also been a noticeably greater appetite for investment in hotels in the north from southern-based and overseas buyers, as they look to extend their portfolios into the regions.”

Mr Simons added: “A wider range funding options is now available and there is more liquidity in the market. The growth in our corporate finance division is also the result of increased business confidence and our ability to access non-mainstream funding options for our clients.

“We expect to recruit further staff during the course of the year to reflect the growing demand for our corporate finance services.”

A SAMPLE OF OUR PARTNERS…

My wife and I are now both retired and have relied on Wealthcare for guidance and advice on pensions, our investments and on a wide range of financial issues. We have never been failed and the advice has always been prompt, reliable, professional and, equally as important, explained in non financial jargon thereby making understanding so much simpler.

Mr & Mrs Franks - Individual Clients

Both myself and my business partner Andrew have used Wealthcare for a number of years now and cannot recommend them highly enough. They've arranged plans which protect us in several areas including life insurance, critical injury and key man cover, Stephen also organised for a shareholders' agreement to be put in place for extra peace of mind.

Sizzle Creative Agency Limited

It wasn’t hard to choose Wealthcare from the list of brokers eager to win our business. From the very start, they sought to understand our company’s particular needs and (importantly) how I choose to work. They listen and deliver. Available to discuss any query, they are friendly, easy to communicate with, responsive, and always looking to go the extra mile to meet our expectations. How could I do anything other than heartily recommend this excellent organisation.

Timpson Limited

The Healthcare team have been a pleasure to deal with as they have made the process of sorting out and managing our PMI straightforward and simple. The Claims and Admin staff are very knowledgeable and will always go the extra mile.

Hodgsons Chartered Accountants

Both Michelle and Rachael have been fantastic. Thank you from the bottom of my heart. I will always recommend you and your company, you have been nothing but supportive, professional, diligent and great fun.

David Smith, Smith and Jones Management

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