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Longstanding customer, Adventure Forest Limited, secured a significant funding package for the expansion of the firm’s Air Space indoor trampoline operation. The Bank’s relationship also extends to the co-owned brand Go Ape Tree Top Adventure.
The funding will be used to launch new Air Space sites, after the first trampoline park was opened in Glasgow in November 2014.
Air Space’s recently opened Wolverhampton site is one of the largest indoor trampoline parks in Europe and occupies more than 50,000 sq.ft. All the parks will deliver the full Air Space experience, with more than 100 interconnected trampolines providing a huge spring-loaded urban playground.
Visitors will be able to enjoy freestyle jumping, or take part in a game of dodgeball, basketball or football – all on super-sprung pitches.
William Galbraith, operations director at Air Space commented: “Having established a working relationship over many years, the Bank is very familiar with our ability to produce market -leading leisure concepts. We’re delighted that they are supporting us and aiding the growth of our new venture, Air Space.”
Johnny Rowe, Senior Director with the Bank’s Specialist and Acquisition Finance team, who led the deal, said: “We have worked with Adventure Forest since 2005 and on a number of projects in recent years. Our support is founded on a strong relationship with Adventure Forest’s management team. Their robust track record of creating positive customer experience means they continue to deliver a consistently strong financial performance.
“They have effectively managed the health and safety risks in their operational activities to produce a compelling long term growth vision, which we have bought into and are delighted to help deliver.”
Ian Hardman, Head of SME Cashflow Finance added “The key to delivering this deal was our understanding of the customer’s cash flows across its Air Space and seasonally-driven Go Ape operations. As a result we could structure a flexible package that is bespoke and aligned to their cash flow potential and long term growth plan.”
Having established a working relationship over many years, we’re delighted that the Bank are supporting us and aiding the growth of our new venture, Air Space.”William Galbraith, operations director ,Air Space
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From 14 August, we’ll stop setting aside money for payments due on a Monday, which means the money will still be in your account over the weekend. Please ensure you have enough money in your account for Direct Debits and standing orders due on the Monday (or the next working day after a bank holiday).Continue to Virgin Money Business Internet Banking