The banking and finance practice at Birketts LLP is noted as being ‘proactive and supportive'. The firm acts for regional, national and London-based clients from its four regional offices, and it is a frequent advisor to, among others, HSBC Bank, Lloyds Bank and Santander. Cambridge-based practice head Alex Schaafsma, described as ’always ready to advise and support when necessary', recently assisted borrower Milbank Ventures Limited with a facility from Arbuthnot Commercial ABL to refinance its existing facilities and finance the acquisition of Bruno Rimini Limited; this included a £12.6m asset-based lending facility agreement. Also in Cambridge, James Allen is a specialist in financing mobile home parks, and senior associate Kathryn Palmer is active in ship finance, educational lending and real estate finance. Senior associate Lottie Fletcher in Norwich also plays a key role in the practice.

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Testimonials

Collated independently by Legal 500 research team.

‘Responsive to our ever-changing demands - very practical and commercial.’
‘Birketts are proactive and supportive across the full-range of skills that we as a successful property company in Cambridge require. Their banking and finance team have advised us on a number of projects, all of which have been successfully completed.’
‘Alex Schaafsma is head of the team and is always ready to advise and support when necessary.’

Key clients

HSBC Bank plc
Lloyds Bank plc
OakNorth Bank plc
Santander plc
Triple Point Capital
National Westminster Bank plc / RBS
Time Holdco Limited
Time Group Holdings Limited
One Savings Bank trading as Kent Reliance
Alpha Bank London Limited
Secure Trust Bank plc
Oxbury Bank plc
Lendinvest
Muntons plc
Green Label Foods Limited

Work highlights

Advised Milbank Ventures Limited on a £12.6m ABL facility agreement partially to refinance its existing lender and partially to finance the acquisition of Bruno Rimini Limited, a leading global agricultural specialist.
Advised Muntons plc on the amendment and restatement of its £90m receivables and stock financing facilities made available by HSBC Invoice Finance (UK) Limited, which included a USA cross-border element.
Advised the Arbora Group on a term loan facility of £10m from LendNet LLP to finance property development.

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