Theflahertyagency secures £100,000 loan from Allica Bank
What's the deal? The Flag ConsultancyDealroom has a profile for this one. Try Dealroom →, a Kent-based flag and flagpole supplier, has secured a £100,000 loan from Allica Bank. The Sevenoaks company counts 10 Downing Street and Goodwood RacecourseDealroom has a profile for this one. Try Dealroom → among its clients.
Why now? The business was recently acquired by new managing director Andrew Nagberi, who sought funding to smooth the ownership transition and fund growth.
What does it do? The company inspects and maintains flagpoles at embassies and public buildings, and launders and replaces flags for hotels, venues, and film sets across the UK. It has supplied Netflix's The Diplomat , Doctor Who , and musician AJ Tracey at Glastonbury Festival.
What's the endgame? Nagberi plans to expand into new markets, including exhibitions and international conferences. "Growth for us is not about chasing volume for the sake of it," he said. "It is about building long-term relationships with the right clients."
The bank's view: "It has been a privilege to support Andrew and the team during this next chapter," said Craig Smith, relationship manager at Allica Bank, calling the firm a "long-established specialist business with real expertise and ambition for the future."
The deal drew support from CN Strategic AdvisorsDealroom has a profile for this one. Try Dealroom → on corporate finance, Slater HeelisDealroom has a profile for this one. Try Dealroom → on legals, and Auxilium AdvisoryDealroom has a profile for this one. Try Dealroom → on sourcing funds.
The signal: The financing shows challenger banks like Allica backing niche, established small businesses through ownership changes — a segment often overlooked by larger lenders.
Read more: insidermedia.com
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