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Leonard Curtis secures funding package for Spurrs Butchers as it targets growth
Leonard Curtis has secured a tailored funding package to support the continued growth of Ossett-based Spurrs Butchers.
Founded in 2018 by Will Spurr, the business quickly earned a reputation for high-quality meat and freshly prepared produce. Around 90% of its products are made on-site, with all meat sourced from trusted Yorkshire suppliers, ensuring both quality and provenance. Alongside a thriving retail shop, it also supplies restaurants, pubs, cafes, retail outlets and other wholesalers across Yorkshire. The funding will underpin its continued growth, including the expansion of its wholesale operations.
To support this next phase, Leonard Curtis structured a funding solution combining asset finance to invest in specialist food processing equipment, and a commercial mortgage to facilitate the purchase of the business premises from a retiring landlord. Specialist property lender, Together, provided the commercial mortgage, while Time Finance provided the asset finance.
Securing the deal required a tailored approach, given the specialist nature of the equipment and the challenges sometimes faced by retail businesses seeking finance. A credit-backed offer for the property was achieved swiftly, enabling the client to move quickly amid competing interest from other potential buyers.
Phil Trueman, Specialist Business Development Manager at Leonard Curtis, said: "Spurrs Butchers is a fantastic example of how an independent retailer can thrive through quality, innovation and strong customer relationships. The retail sector can present challenges when it comes to funding, particularly for specialist equipment, but Will has built a robust and ambitious business. We were pleased to secure a competitive asset finance package and facilitate the commercial mortgage quickly, ensuring the property purchase could proceed without delay. Supporting driven business owners like Will is exactly what our Funding team is here to do."
Will Spurr, Director of Spurrs Butchers Ltd, added: "From the outset, our goal has been to deliver outstanding quality and continually evolve the business. As demand for our wholesale products has grown, investing in new equipment and securing our premises became essential for long-term stability. Leonard Curtis understood our vision and made the funding process straightforward, giving us the confidence to take this next step in our growth."
Together, which has a loan book of £8.1billion and is based in Cheadle Greater Manchester, provided a five-year fixed term commercial mortgage for the property purchase.
Kirsty Rogers, Auction Director at Together, said: “This was a complex funding as the security for our loan is a mixed-use commercial and residential property, including Spurrs Butchers, another business and flats. However, for Together, assisting SMEs with the right kind of flexible finance is our bread and butter. Our underwriters pulled out all the stops, working in partnership with Leonard Curtis and solicitors to make sure that we could meet Will’s deadline and ambitions to grow his business for the future - and we’re delighted with the outcome.”
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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.