Lancashire education and activities provider refinances £5m debt facilities

A Lancashire business that operates education and activity centres for children in the North of England and Wales has refinanced its debt facilities provided by Barclays, which are worth a combined £5m.

Robinwood, based at Dobroyd Castle, Todmorden, with centres there and at Alston, Cumbria and Wrexham, North Wales, provides a range of residential activity and teamwork courses for primary school groups from age seven to 11.

Children can climb and canoe, zoom down a zipwire and escape from the piranha pool – all at the same site. Activity sessions are tailored for different year groups, all studying key stage 2.

Accountants and business advisors, Beever and Struthers, provided advice to Robinwood heads, Martin Vasey and Ian Goldsack.

The Beever and Struthers team, led by corporate finance director Dean Curtis, advised on the refinance, with support from corporate finance manager Patrick Wilson.

Dean Curtis said: “Supporting Robinwood, a long standing client of Beever and Struthers, on this important refinancing provides a new funding structure to enable the business to grow from strength to strength.”

Legal advice for Robinwood was provided by Bromleys, Barclays was advised by TLT.