Pub Funding Case Studies

Pub funding arranged by Sterling Commercial Finance Ltd:

The Lamb Little Milton Oxfordshire

Ian Duckett and Des Healey have always wanted to own their own pub. This has been achieved through the help of, when they purchased the Lamb at Little Milton in March this year (2011).

Ian and Des already run a successful leasehold pub in nearby Chalgrove, coincidently also called the Lamb, which they have built up over 7 years.  They provide good food and quality real ales and pride themselves on their high level of customer service.
Funding through a High Street Lender of 70% Loan to Value was secured to complete the purchase as well as bridging assistance for the VAT element.

Ian said
“We had set ourselves a goal of buying a Freehold following 7 years of operating a tenancy with Greene King. We learnt that the Lamb in Little Milton was coming to the market following many years of ownership by Punch. It is a 16th Century coaching inn which we had known and loved for many years and decided that we should take the step to go for it. Having had an impeccable record with our existing business bank accounts we were confident that the bank would support us with the venture. However both that bank and the bank with whom we had banked privately for over 20 years were not prepared to assist with the funding of a pub purchase. We were stunned as we had a cash deposit of 30% and additional security to offer plus we had demonstrated that the new business was a viable proposition. At that point we searched the internet to explore alternative funding options and fortunately found Andrew Hunt of Sterling Commercial Finance. Andrew’s help and guidance was fantastic and he helped us to formulate a business plan that supported our application for funds in a comprehensive manner that was tailored to the expectations and demands of a market that was reluctant to support businesses in the pub/ restaurant sector.

It was a tricky process but Andrew was there supporting us throughout the whole process and without his help we honestly believe that we would not have achieved our dream. In addition to a commercial mortgage of 60% Andrew also secured a bridging loan to cover the VAT on the purchase price and an overdraft facility of £5K. I cannot recommend Andrew’s support highly enough, he has been a fantastic asset and we will always be grateful for that.”

See Ian and Des’s website at and for more information about what the two pubs have to offer.