Great Day For SME Alliance!!

After several months we can finally say one of our members, Nigel Morgan and his family, have finally regained ownership of their farm from the administrators. The Morgans, who were first victims of HBOS Reading and, forced to re-bank because of this, jumped out of the frying pan into the fire that is now known as 'UK Acorn'. This caused them to lose millions of pounds worth of assets and, more importantly, it saw the needless destruction of their beautiful, 650 head of Charolais cows, in truly distressing circumstances.

Nigel Morgan working with Paul Turner (SME Alliance adviser), Nick Gould (SME Alliance Director) and Hannah Beko (Gunnercooke) have been negotiating for months to refinance the Morgan farm to return it to family ownership. It hasn't been an easy task and all parties (not least the Morgan family) have had a stressful time BUT yesterday…. the deal was finally done! Yeh!!!!

Hopefully we'll have more good news for more members in the near future – but we wanted to share this victory with all members and congratulate the Morgans and the team from SME Alliance on completing a refinancing deal for several million.