A fast-growing padel business in York approached Moorgate Finance with ambitious expansion plans after seeing strong early demand for the sport in the local area. Having already established a successful two-court setup, the business wanted to take the next step by developing a much larger leisure destination, including additional courts, a gym and a cafe facility.
The Highlights
✅ Secured a £300,000 GGS-backed facility for a padel business trading less than 12 months
✅ Flexible funding structure designed around multiple suppliers and staged payments
✅ Personal site visit conducted to better understand the client’s expansion plans
✅ Helped transform the business from a 2-court setup into a major multi-court leisure complex
The Challenge
Despite the business performing well and showing clear growth potential, obtaining finance proved challenging due to the company being established for less than 12 months. Many traditional lenders were hesitant to support a relatively new business, particularly one undertaking a large-scale expansion project.
The structure of the deal also added complexity. The client required a cash flow loan rather than asset specific funding, as the project involved multiple suppliers, phased development works and staged payments across different parts of the build. They wanted the flexibility to manage supplier payments directly and release funds as and when required throughout the expansion process, rather than being restricted by supplier-linked finance agreements.
With plan to add five new padel alongside a gym and a cafe, the business needed a lender willing to understand both the vision and the practicalities of how the project would be delivered.
The Solution
Moorgate Finance worked closely with the client to fully understand the padel business model, expansion plans and funding requirements. As part of the process, we personally visited the site to gain a better understanding of the operation and the scale of the proposed development.
Using our lender network, we successfully secured a £300,000 GGS-backed facility at an 8% flat rate, an impressive outcome for a business that had been trading for under a year. The structure of the funding allowed the client to maintain complete control over the rollout of the project, making staged payments to suppliers as construction and installation milestones were reached.
The funding has enabled the business to transform from a small two-court venue into a growing multi-court padel complex with additional lifestyle and fitness facilities. The expansion has significantly elevated the profile of the business locally, with the company also receiving recognition through features on TalkSport and in the Telegraph.
By tailoring the funding around the client’s cash flow needs and project timelines, Moorgate Finance was able to provide both the flexibility and support needed to help turn and ambitious vision into reality.
Need funding solutions like these for your business? Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.
