Scarisbrick Hall School

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Scarisbrick Hall School, the award-winning independent school, has raised £1,000,000 from UK Bond Network investors over two tranches. 

UK Bond Network’s unique platform delivered the investment we needed quickly and effectively in the first tranche.

As we have now completed phase one of our restoration project, this next round of funding will help us to complete the master planning proposal and application for enlarging our school campus.

MICHAEL HEADLEY, CHAIR OF DIRECTORS, SCARISBRICK HALL SCHOOL

Key auction statistics & Headline terms

  • £1,000,000

    Total raised

  • £14,032

    Average bid size

  • 8.75%

    Interest rate (gross per annum)

Funding raised£1,000,000 (Tranche 1 & Tranche 2)
MaturityJuly 2021
Coupon8.75% gross per annum
RepaymentInterest paid termly, bullet at maturity
SecurityAll-assets debenture, guarantees, second mortage and surbordination agreement

Scarisbrick Hall Update

Initial use of proceeds

Tranche 1

The proceeds of the initial Bond were utilised to contribute to the completion of the phase 1 works to North Range (which connects the main building to the Science Faculty), refurbishment of changing facilities and works to the Multi Use Games Area. These works are all now complete.

Tranche 2

In line with the company’s business plan, the Directors have utilised this second tranche of funding to complete the roof works and internal demolition works on phase two of North Range. These elements of work will enable the historical fabric to dry out in preparation for the internal fit in time for the new school term in September 2017. The balance of the funds from this second tranche will be utilised to complete the master planning proposal resulting in the submission of the Enabling Development application for the enlarged school campus.

As Scarisbrick Hall is Grade I listed, there have been ongoing negotiations with Heritage England and the West Lancashire County Council Conservation department regarding the phasing of the restoration works. A detailed structural survey has been prepared and an application for further financial support will be submitted to Heritage England.

 

Update provided by Greg Aylmer, Director, Scarisbrick Hall School

21 July 2017

As the Academic Year 2016/17 draws to a close we are pleased to announce that the School has enjoyed another very successful year with School numbers exceeding growth projections once again. We believe this is a direct result of our reputation for quality education and strong family values, giving us a steady flow of new entrants throughout the past academic year.

New entrants for September are once again on target.  The introduction of the new facilities such as the MUGA (Multi Use Games Area) and the planned Performing Arts Centre along with a 350-seat theatre has created a great deal of interest in our School.

MUGA (Multi Use Games Area)

We are also pleased to confirm that having completed phase one of the restoration of the North Wing which provided two new libraries and Sixth Form areas for the School, we are now at the final stage of completing Phase 2.  This last phase will provide an additional five classrooms resulting in further capacity for an additional 110 pupils. The completion of these works is extremely significant for Scarisbrick Hall and our School as this wing had been unused and derelict for many years.

New Pugin style Library

The North Wing has now been completely re roofed and restored with the internal works and re decoration scheduled to be completed on time for the new September term.

The completion of the full restoration of the North Range will result in all areas of the historic asset being utilised for education and not only has the investment in the restoration work secured the long-term future and value of Scarisbrick Hall as an historic asset, it has also created significant capacity that has enabled the School to grow in what we believe is unparalleled growth year on year in the Independent School sector.

  • Chris Maule, CEO and founder of UK Bond Network had the following to add:

    "The management team at Scarisbrick Hall School are a close family group of shareholders who are extremely passionate about their business, with vast experience in building and operating a diverse range of successful businesses in the health, social and environmental service sectors throughout the UK. We’re delighted to have assisted Scarisbrick Hall & School again as they expand and modernise their facilities and continue to raise standards for the benefit of young people.”

Get in touch

To find out more or to discuss a funding requirement, email our Lending Team at finance@ukbondnetwork.com or call us on +44 (0)20 3146 4440.