Archives Month: August 2013
We thought you might be interested in a new venture we have supported this week.
Nerys and Olwyn, in their mid to late 20s decided to open a new children’s soft play centre in their vicinity as there was a gap in the market.
Nerys is keeping her job as director of a local company. Olwyn is managing the new business.
With the girls not having massive equity in their properties and with this being a new business, there were no lenders prepared to offer asset finance support.
Through a mutual friend, the girls were introduced to Armada. We inquired whether their parents were prepared to guarantee their daughters’ venture. As soon as Nerys’ folk were happy to back them they had the Armada asset funding in place. Now the tiny tots of South Wales are being cared for and enjoying the magnificent and safe play facility.
New energy sources and the constant increase in the cost of power are news grabbing issues.
Recently, much has been made of new fracking developments in the UK plus news about wind farms and large scale solar farms. Added to this the whole World is now deeply concerned about the current instability in the Middle East and its potential impact on oil prices and possible interruption of supplies.
Finding new alternatives to the established energy sources is an imperative.
With these issues in mind, Armada has taken a number of marketing initiatives lately to highlight our support for the solar power industry.
We were well aware that few lenders have an appetite to offer funding to the newer alternative energy technologies.
To our amazement and delight, the response we received from companies in the new power sector was most encouraging. Positive lenders who are professional and efficient still seem to be a rarity. Lenders must learn to not be totally risk averse.
We know that the building industry is a good indicator of the health of the economy.
With various initiatives being introduced by the government to assist 1st time buyers and to ignite the house building industry it was only a matter of time before we see a significant take-up of new jobs in the building industry and its supporting infrastructure.
In the 3 months to June 2013 there was an up-lift of 6% on the number of new house builds in the UK. This is confirmed by the unprecedented numbers of proposals received by Armada from scaffolding companies.
The scaffolding industry is an integral part of construction and one that Armada has been supporting for many years. Enabling scaffolders to keep up with the demand in their sector will assist house building to grow that more quickly and make a vital contribution to accelerating economic growth.
Happy UK, Happy Mark Carney.
If you are passing through Somerset on your way to holidaying in beautiful Devon & Cornwall, take a break and a short diversion off the M5 to Glastonbury. An easy climb up Glastonbury Tor will give you a fabulous view across much of Somerset.
Once you have built up an appetite, take a short drive to Wells and feast on the sublime cooking at Goodfellows fish restaurant and café. Adam is arguably the finest chef in the county.
To walk down your lunch take time out to stroll around the 12th century Wells Cathedral and the famous moated Bishop’s Palace. You may be lucky and see the swans responding to their feeding bell on the wall of the moat.
Round off your visit by checking out the open air market next to the Bishop’s Palace. Lots of bargains to have as well as choices of cheeses, olives, meats, cake etc.
Armada has been supporting many of the retail and hospitality businesses in Wells and Glastonbury for decades. Time spent there will transport you back to an enchanted past. Well worth the detour!