|
|
Article: Developer boss lends firm extra pounds 400,000.(News)
- Article from:
- Daily Post (Liverpool, England)
- Article date:
- January 21, 2009
CopyrightCOPYRIGHT 2009 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: By DAVID JONES Business Correspondent
THE chief executive of North Wales-based commercial property developer and housebuilder Eatonfield has loaned the group a further pounds 400,000 to meet its short-term working capital requirements.
Rob Lloyd has made the additional loan from Rob Lloyd Racing Ltd, which he set up in 2007 to breed and train racehorses.
The loan is unsecured, free of interest or any arrangement or settlement fees and is repayable on demand or by February 26 this year.
Mr Lloyd, who lives near Halkyn, said: "As a result of the current trading conditions it is virtually impossible to obtain finance from banks.
...