In the heart of local commerce, the Ring O’Bells pub stands as a testament to the community’s spirit and resilience. As a significant employer in its locality with around 50 staff members, the pub’s success echoes throughout the area. When the time came for an extensive refurbishment, particularly for its kitchen, the challenge was not just the renovation itself but also the sourcing of flexible and timely financial support. Traditional lending avenues proved sluggish and rigid, unable to meet the urgent needs of the business, thrusting Stange & Co., the pub’s managing company, into a quest for an alternative solution.
A Swift and Flexible Financial Lifeline
The impasse broke when Bathgate Business Finance, a local finance firm based in West Kirby, stepped in with an asset finance deal. What stood out was the rapidity and adaptiveness with which Bathgate responded. Dan McLennan, the Managing Director of Stange & Co., lauded Bathgate for its swift turnaround and flexibility. The financial firm’s profound understanding of the pub’s requirements enabled it to tailor a solution that catapulted the refitting process forward, finalizing the deal and delivering the payout in less than two weeks—a pace seldom matched in conventional financing.
This expediency was the linchpin that allowed the Ring O’Bells to fling open its doors once more, boasting a fully operational kitchen only six weeks after embarking on the renovation journey. It’s a shining example of how speed and agility in the financial sector can directly impact the operational success of local businesses, safeguarding employment and community spirit.
Reinforcing Community Ties through Finance
At the core of the community’s marketplace, the beloved Ring O’Bells pub is emblematic of the local populace’s unity and perseverance. Employing around 50 individuals, the establishment’s prosperity ripples through the local economy. Faced with the need for a major renovation, especially in the kitchen, the challenge extended beyond the physical updates to the necessity for rapid and adaptable financial support. The sluggishness and inflexibility of traditional financial institutions were not suited to meet the pub’s immediate needs, prompting the managing entity, Stange & Co., to search for an alternative financing route. This search was critical not only for the pub’s upgrade but also as a decisive step in maintaining and enhancing this key community center, which has long stood as a beloved gathering place and an economic pillar.
