Shawbrook Bank

An update from our Chief Executive Officer, Marcelino Castrillo, following the publication of Shawbrook Bank’s Interim Results for the six months ended 30 June 2024. “The attractive returns we continue to generate have been reinvested in our ‘best of both’ model, combining innovative technology and data analytics with great talent, enabling us to efficiently scale-up our specialist proposition. The number of customers we served increased by more than a fifth to c.550,000 as we continued to expand our presence across a diverse range of specialist lending markets where customers value the premium experience, flexibility and certainty we deliver.” Other key performance highlights include: 📈 Loan book grew by 15% on an annualised basis to £14.3 billion following continued strong originations in our core SME and property markets 💷 Deposits grew by 21% on an annualised basis to £15 billion, due to our strong proposition continuing to attract new customers 🎯 The overall credit quality of our loan book remained robust and credit risk metrics remain within our risk appetite, with a cost of risk of 64bps 🚀 An underlying profit before tax of £124.5 million We have continued to invest in our strategic priorities and delivered a strong financial performance, once again demonstrating our ability to support our customers and to continue delivering attractive returns through the cycle. Our Interim Results for the six months ended 30 June 2024 can be viewed in full here: https://lnkd.in/efK3yT4g

Development exit strategies can face unexpected hurdles....Enter Shawbrook 💪 After some challenges outside of their control, the developer’s current lender refused to extend their loan - so broker PCF Financial Services turned to us. Mark Hedley, from our Development Finance team, was on site the very next day to fast-track the approval process, ensuring that we could provide the necessary funding promptly. 🏨 New luxury apartment complex in North London 💷 £10.8m Development Exit loan 📆 12-month term 🏁 12 days to completion Jake Sarratt CeMAP from PCF - expert finance brokers shared his thoughts: "Shawbrook drove this project over the finishing line. It has certainly been a refreshing experience being pursued by the lender for once...!" 🕵️ Want to delve into the detail of this case? Read more here: https://bit.ly/4fvR9kH 💬 Have a case you would like to chat to our team about? Get in touch! https://bit.ly/3SzwIJG #developmentfinance #developers

📣 Corporate Leverage Announcement 🚀 We’re ramping-up our commitment to supporting established, profitable and ambitious businesses requiring funding for acquisitions, a change in ownership or other growth-focused initiatives Our highly versatile commercial loan product is a senior debt facility designed to leverage profits to raise funding for growth, now delivered by a dedicated Corporate Leverage team led by Chris Walton. “We’re here to deliver to small and medium-sized UK businesses the levels of service, structuring and support that are normally available only to much larger corporates. These businesses are successful, ambitious and key drivers of the country’s economic performance. Their management teams and owners deserve the specialist funding they need, which Shawbrook can deliver.” ✔ Facilities up to £20m, determined by a multiple of EBITDA ✔ Term: typically 3 - 5 years ✔ Repayment: amortising profile with interest-only periods and bullet options available ✔ Security: senior all asset debenture. Parental and cross guarantees may also be required Already fuelling growth for successful businesses across the country in sectors including healthcare, technology, consultancy and professional services, we’re now set to do even more by working with management teams, business owners and their advisers. Stay tuned for more updates as we support those driving the future of British industry. Keen to know more about our Corporate Leverage proposition? 🤔 Find out how LDA Design was able to accelerate its transition to Employee Ownership with funding from Shawbrook: https://lnkd.in/dqePGfiC #CorporateFinance #BusinessGrowth #CommercialLoans #Funding #SMEs #UKBusiness #AcquisitionFinance #BusinessDevelopment #DebtFinancing #LeverageFinance

FOR INTERMEDIARIES ONLY We’re approaching the next new reg month, which means many businesses will be looking to acquire a fresh set of wheels or expand their #vehicle fleets 🚘. But while there are lots of advantages to acquiring new DVLA-registered vehicles, it can be a significant capital outlay for businesses. In this article, Omar Faramawi, Head of External Sales, Digital SME at Shawbrook, explains how an #AssetFinance facility can help your clients invest at this time, while retaining vital cash in their business. Read the article to learn more. 👇 #VehicleFinancing #FleetManagement #CommercialVehicles

Our recent research identifies some of the key concerns developers have had over the past 12 months. Do you agree?

Bespoke Interiors, Bespoke Funding One of the UK’s market leaders for luxury interiors, Bespoke Home Interior Design group (BHID Group) has secured a tailored #Unitranche financing package from Shawbrook to support a share restructure and fuel its growth strategy. BHID was introduced by parent company, Alcuin Capital and BDO, the debt adviser, both of whom have strong existing relationships with Shawbrook from previous transactions. 💬 Gareth Aylward, CFO of BHID Group, said: “We already knew Shawbrook was a great bank – but this deal was a bit trickier because of the recent ownership change. We needed a lender who could understand the long game, not just the numbers on a page. Shawbrook saw the potential in our vision, and built a financing solution that perfectly fits our unique needs. It felt more like working with a partner than just a bank." Read more about this transaction ➡️ https://bit.ly/3WIrOMV Find out more about facilities for Private Equity houses and their management teams ➡️ https://bit.ly/3A3V6Nk #PrivateEquity #Funding Growth #FinancialSponsors Ciaran Flanagan

📣 Asset-Based Lending Announcement 🚀 We’re enhancing our commitment to UK businesses with the formation of a dedicated #AssetBasedLending (#ABL) team, led by Oliver Wilson. Part of our specialist lending proposition for a decade, our ABL offering has supported brilliant mid-sized businesses across many of the UK’s traditional sectors including manufacturing, engineering, wholesale and logistics. These sectors typically deal with high input costs, tight margins, and complex supply chains, making them ideal candidates for our asset-based lending solutions. We’re committed to offering fresh thinking and innovative, tailored finance options to help more great British businesses keep making, moving and maximising their potential. Now we’re set to do even more, working with management teams, business owners and their advisers. Stay tuned for more updates as we support the heart of British industry. Keen to know more about Asset Based Lending? 🤔 Find out how APC Technology Group Ltd was able to boost its growth plans with ABL funding from Shawbrook: https://lnkd.in/eHS_3GK8 #Shawbrook #AssetBasedLending #BusinessFinance #UKBusiness #InnovationInFinance #SupportingUKIndustry

💷 Our savings expert, Adam Thrower, has been speaking to The Sun about what yesterday's interest rate cut means for savers. Check out what he had to say here. 👇

Our Financial Sponsors team has reached a fantastic triple milestone, completing 55 deals and providing over £500m in funding for the sponsor market – all in just 5 years! 🎉 Jen Murray, Head of Financial Sponsors at Shawbrook commented on this success, 💬 “Our agility and ability to think and act differently sets us apart from our competitors and this has been the main contributing factor to our team’s great achievements, both in reaching these fantastic milestones and supporting businesses that add true value to the economy and our communities. "We want to thank all the clients and contacts who chose to work with us since inception 5 years back and look forward to backing more UK businesses in the future, in particular those playing a vital role in our society.” To read more about our milestone or find out more about facilities for sponsors and their teams, see ➡️ https://bit.ly/4d2ZDhC #FinancialSponsors #PrivateEquity #VentureDebt #SupportingSMEs

“Surrounding yourself with good people is always going to drive you and the organisation to do better.” Matt Greenhalgh, Director from our North West team took part in Insider Media’s Owner Managed Business (OMB 100) roundtable last month. Matt joined hosts, UBS Wealth Management and a range of advisers and business owners to discuss topics such as restructuring for growth, preparing for exits and how culture and loneliness can impact in the progress of the business.  Thank you to the hosts and also to Insider Media for organising another great event and for providing the post-event write-up which is attached. We look forward to the next roundtable! #FundingGrowth #SupportingSME #GrowthinNorthWest #OMB #CommercialLeverage #AssetBasedLending | With Simon Keegan, Daniel Martin, Nathan Burn, Katherine Johnson and Joseph S.