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Tag: Business Loans

Amii Haughan RWA Studios

Carlisle is set to get a new tailor-made women’s only gym thanks to financial support from Business Finance Cumbria.

We recently provided a loan to RWA Studios, in Carlisle, to help the business buy, refurbish and equip premises on Church Street for a new gym, specially designed to meet the needs of women.

Amii Haughan set up RWA Studios four years ago to focus specifically on supporting women to improve their physical and mental health and wellbeing. It has gradually outgrown its current home at the Atlas Works on Nelson Street and will move into the new site within months.

“We provide equipment and exercise which is specifically focused on women’s needs to allow them to train more efficiently and effectively,” says Amii.

“There’s also a big social element and we go beyond exercise to discuss things like hormones, financial health, social health and mental wellbeing. To have it all under one roof will just be the pinnacle for us.”

Amii turned to Business Finance Cumbria on the advice of Lindsay Farrer, from Saint and Co chartered accountants, in Carlisle, after high street banks were unable to provide the support she needed.

“The big name banks just weren’t able to lend the amount required to buy the premises and fit it out. They weren’t really interested because our business just isn’t big enough and we didn’t meet their lending criteria,” she says.

“When I spoke to Business Finance Cumbria it felt really personal. We were able to sit down and speak to them face to face. It felt like they really listened to us and made a decision based on our situation and there was a real element of trust there.

“As a small business you need someone to put their faith in you to help you make that leap. We wouldn’t have been able to do it without them.”

Please get in touch to find out how Business Finance Cumbria can help you. Telephone 01768 867118 or email [email protected]

James Todhunter, Investment Director for Business Finance Cumbria, said he wished Amii and RWA Studios all the best for the future.

“Amii and RWA Studios are just the kind of business which we exist to support; those which are full of potential but require capital to drive them forward when they fall through the cracks with other lenders,” says James.

“It is fantastic to be able to support Amii and entrepreneurs like her to be able to push on and achieve their full potential.”

Amii hopes that in the future RWA Studios can spread its reach beyond Cumbria to open branches across the UK.

“I think we’ve got something really special here and I would love to see it grow and support even more women across the country,” she says.

LEADING independent lender, Enterprise Answers, has appointed a prominent business figure to its senior team. 

James Todhunter joins the organisation as Investment Director, and will be responsible for driving strategy and growth across key geographies. 

With three decades of experience in finance and business development, James – who is also Commercial Director of his family business – brings a deep level of cross-sector understanding to the organisation. 

He said: “I’ve spent many years in finance – including more than eight as a relationship manager and director with Lloyds Bank – and throughout that time my priority was always to secure the best outcomes for my clients. 

Team: James Todhunter, Louise Lawson and Grahame Latus

“That was achieved by genuinely getting to know the people and organisations I was supporting. Over time, as high street banking moved increasingly towards digital channels, that personal connection became harder to maintain. 

“One of the main reasons Enterprise Answers appealed to me was its values. The organisation places real emphasis on understanding and supporting its customers, and that approach aligns closely with my own.” 

In addition to Lloyds Bank, James has worked for the Cumberland Building Society and Napthens. 

He left the law firm in 2018 to head up the family business, Yaris Equestrian – a leading manufacturer and retailer of premium horse wear, rider wear and stable apparel based in Kendal. 

This has given James a unique perspective, as he is able to view business finance applications through the lens of both an owner and an industry expert. 

Enterprise Answers is celebrating its 20th anniversary year and recently published an impact report covering two decades of lending. 

It revealed that since its launch in March 2005, the organisation has completed 544 client deals, channelled £20.3 million into ambitious businesses, safeguarded or created 2,033 jobs, and contributed an estimated £81.2 million to the regional economy. 

Clients are concentrated in Cumbria, but Enterprise Answers also operates across Lancashire and Yorkshire. 

Delighted: Grahame Latus, Chief Executive of Enterprise Answers

Chief Executive Grahame Latus has been at the forefront of the organisation since it was launched. 

He said: “I’m delighted to welcome James to the team at Enterprise Answers. He brings a great deal of experience to the table and will play a key part in our strategic growth in the coming years. 

“Enterprise Answers will continue to support businesses well beyond my working career, so it is also important that I start to think about succession and what the future might look like when I move towards retirement. James will be a huge part of those plans.” 

Enterprise Answers offers finance for businesses that have been trading for at least two years, with loans of up to £150,000 available. 

Call 01768 867118 or email [email protected] for an initial chat.