Bradford 01274 306 000
Leeds 0113 220 6270
Huddersfield 01484 915 000

Wharfedale Grange advised on funding deal

Wharfedale Grange is a stunning new redevelopment of four barns that are being transformed into a farmhouse – luxe, romantic – industrialist paradise! The venue is located between Leeds and Harrogate with breath-taking panoramic views surrounding it. Couples have come from all over the world, travelling from as far afield as Sweden, Dubai and even Essex to have their wedding in this highly sought-after location.

Demand for events at Wharfedale Grange has continued to be grow, but as the business could only operate under Temporary Events Licenses and there was a limit to only 15 events per year, they were forced to turn away business due to the license restrictions. Owner and Managing Director Claire Thomas needed this restriction removing in order to grow her business. The required plans were drawn up in order to hold more events throughout the year.

Manjit Virdee, from Schofield Sweeney who advised Wharfedale Grange said:  “The development of Wharfedale Grange will be a real asset to the area. The team behind the business have worked so hard to make this happen. It was a pleasure to advise them and we look forward to seeing the venue grow in the coming years.”

However, despite having a proven business model, Claire’s attempts to finance the development through traditional high street lenders was unsuccessful due to her business being seen as a start-up. Her accountant put Claire in contact with ASG Money, where Deal Maker Gary Macnair immediately saw the potential of the business. When the finance package was granted, progress at Wharfedale Grange could finally move forward.

 

 

 

 

About the Author

Manjit Virdee

Partner

Manjit covers a broad range of commercial property work; but specialises in acting for lenders in…

View Profile View all