Meldrum House Estates Ltd
31 January 2016
Johnston Carmichael advised on the refinance of Meldrum House Estates Ltd.
Meldrum House Estates operates an award winning four-star luxury hotel and golf course in Aberdeenshire. In response to market demand the hotel invested in a state of the art £4.5m extension to add a further 28 luxury bedrooms, doubling the previous occupancy, boardroom for 10 delegates, new ballroom for up to 200 guests as well as enhanced dining and bar facilities. The Company refinanced with The Royal Bank of Scotland who also provided additional funding for the development.
Johnston Carmichael have been our advisers from the outset and we have built strong relationships over the years across various teams in the firm. The shareholders of Meldrum House had a vision for a significant development to greatly enhance the Hotel and it came time to make this vision a reality.
The Corporate Finance Team at Johnston Carmichael understood our sector and worked closely with us, and within a tight timescale, to find the right funding package for the company with a banking partner who was also willing to support us at a challenging time in the local market. Johnston Carmichael delivered this for us with a professional and proactive approach.
Bob Edwards
Director and Shareholder, Meldrum House Estates Ltd.
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