Published: Jan 19, 2021
Focus:
MEIF Maven Debt Finance
The Cherwell Valley based business aim to to use the £225,000 funding package to help further build their B2B portfolio.
HNB Construction Services Ltd (HNB) has secured a £225,000 loan from the Midlands Engine Investment Fund managed by Maven, backed by the Coronavirus Business Interruption Loan Scheme (CBILS).
The business will use the funding to help kick start a number of projects that have an estimated value of over £3 million. HNB is also looking to expand its portfolio further by seeking out new projects within its target B2B sectors.
HNB specialises in predominantly B2B refurbishments, renovations as well as new builds. It currently manages a variety of commercial building projects, including historical and listed buildings, with a focus across Buckinghamshire and Northamptonshire. HNB also provides a technical construction and financial advice service to potential clients at the concept stage as well as collaborating with the project team before the work begins on site.
Some of the many developments that HNB have completed includes their showcase project Beechwood House, which is a late 19th Century building converted into a boutique short-term accommodation with 23 bedrooms and 18 bathrooms. In addition to this, another development that HNB was actively involved with is the award-winning Lower Mill project which required a contemporary re-design of an 18th Century watermill in Kingstone Winslow.
Set up in 2017, the business is overseen by Managing Director Anthony Nicholls who has nearly a decade of Sales, Finance, Project Management and Business Strategy experience.
Graham Hall, Investment Manager for Maven, said: “We are really pleased to have been able to support Anthony and John in these challenging times. This funding should ensure that another great SEMLEP business can grow and prosper, regardless of the present economic and social climate.”
Anthony Nicholls, Managing Director at HNB Construction Services Ltd, said: “The funding provided will enable our business to continue to grow, both in terms of turnover and the number of people we employ locally. We are very grateful for the support provided by Graham and Maven and look forward to what the future holds for HNB Construction Services Ltd.”
If your business is in need of finance to help unlock its growth potential, MEIF Maven Debt Finance may be able to help. Contact Maven’s local team today to find out more.
