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02 June 2016 | Development Mortgages

New funding tastes sweet for Elliotts of Oxford

Elliotts of Oxford specialises in sourcing, importing and distributing, confectionary products around the globe. Established for over 25 years, the business was looking for funding to raise additional working capital.

Nick Baker and Artin Namoni at Christie Finance acted for the owner of Elliotts to develop a proposal, handle negotiations and lead the business through a successful fundraising exercise.

The business will use the finance to expand its client base and secure competitive pricing from suppliers. This funding will also help the business maintain and grow its status as a distinguished provider of confectionary products to some of the biggest names in the hotel and catering markets.

Although Elliotts of Oxford represented a ‘growth business’, sourcing the required funding was not without its hurdles and both Nick and Artin acted quickly to deliver an unsecured loan facility from a specialist lender.

Commenting on the deal, Nick said, “For established companies, now is a great time to take advantage of the competitive options available in the commercial finance market. Either to refinance existing debt to access the best terms or, in the case of Elliotts of Oxford, a new loan to help support future growth strategies.”

Managing Director of Elliotts of Oxford, Railton Elliott, comments, “Christie Finance have been absolutely magnificent and treated me with the most extraordinary kindness and their services and support have been of enormous value during this time.”