HSBC supports Cheshire Pubs and Bars

HSBC supports Cheshire Pubs and Bars ‘complex’ fifth acquisition: North west-based Cheshire Cat Pubs and Bars Ltd. has opened its latest venture, the Church Inn in Mobberley, after acquiring the premises with the support of HSBC’s Manchester Commercial Centre. The company opened the Grade II Listed pub’s doors following an eight week restoration project. The Church Inn has a ‘country tavern’ feel with intimate dining rooms, wonderful outside space as well as private dining rooms on the first floor. The acquisition brings the number of pubs in the company’s portfolio to five, with other pubs including The Red Lion in Weymouth, The Bulls Head in Mobberley, The Cholmondeley Arms near Malpas and The Three Greyhounds Inn in Allostock. Funding for the deal was arranged via HSBC Senior Commercial Manager David Woodward. The innovative deal involved dividing ownership of the property between the limited company business and the two directors’ Self Invested Personal Pensions, reflecting HSBC’s ability to cater for complex financial arrangements. Jason Trigg, HSBC Manchester Area commercial Director, added: “This was a complex deal but we worked with our customers and local professionals to structure an arrangement that was suitable for all.”