Albatross Lending Group has approved a £100,000 further advance to Jackie Palmer Stage School Ltd, bringing the total facility to £560,000. This additional funding supports strategic growth initiatives and capital improvements at the school’s High Wycombe site.
The original facility enabled the borrower to refinance existing debts and maintain operational continuity following Covid-related disruptions. The property, purchased in 2013 and used as a dance school for over a decade, remains a core asset. The school has a strong legacy and continues to operate in the community, providing an established platform for expansion.
The further advance will fund enhancements to the school’s facilities, including upgraded performance studio floors, improved air conditioning, and modernised marketing and pupil recruitment systems. These initiatives are designed to drive student enrolment and reinforce the school’s position in the performing arts education sector.
The primary exit remains the sale of the property, with a sale price of £1.65 million agreed with a local university for redevelopment into student accommodation. Contingencies are in place: should the sale not proceed, the borrower will retain the deposit paid, reducing the LTV to a low 18%, ensuring the facility remains well-secured.
With a modest increase in LTV to 47% and an IRR of 12.82%, the facility provides strong returns while supporting the borrower’s strategic growth.
“This further advance demonstrates how Albatross Lending Group supports strategic growth, enabling established businesses to invest in both their operations and future opportunities,” said Lewis Casserley, Co-Founder and Principal.
Albatross Lending Group continues to deliver tailored financing solutions that combine flexibility, security, and long-term value creation for its clients.