Supportive parents make the difference
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.