Beaverbrook estate in Surrey Hills secures £52m loan from OakNorth

Published by

Daniel Face

OakNorth Bank has provided a £52m loan to Beaverbrook, a country house hotel in the Surrey Hills, to help refinance its existing facilities and look towards expansion.

The 470-acre Victorian estate is home to a 57-room hotel with four restaurants, two bars, tennis courts, a spa and a private cinema.

It’s now eyeing a stronger luxury accommodation offering with the launch of a Victorian village and five-bedroom private house.

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Joel Cadbury, co-founder of Beaverbook Holdings Limited, said: “We’re grateful to the team at OakNorth who have built an in-depth understanding of Beaverbrook.

“As a founder-led business, they truly understand what founders like me are looking for in banking partners.

“We’re delighted to have refinanced our debt on terms that reflect the maturity of our business and the completion of development works.”

Deepesh Thakrar, senior director of Debt Finance at OakNorth, added: “Beaverbrook is a phenomenal business backed by incredibly successful, experienced, and proven founders.

“They proved their resilience and commitment through Covid, managing to build a highly profitable business in a highly competitive space.”

Daniel Face

Born and raised in Berkshire, Dan fell into journalism after completing his bachelor’s degree in English at UCL. Writing for The Business Magazine and local Biz News sites has given him the opportunity to chat with all manner of small business owners and share their success stories with a wider audience. Outside of work, Dan enjoys live music, board games and quiz shows, and is making a slow but persistent effort to learn Spanish.