£1.7m acquisition funded across two facilities, with a clean split between property and goodwill

A Gloucestershire dentist acquiring a mixed NHS/private practice needed to fund the freehold and the goodwill through two separate, aligned facilities. We managed both applications as one coordinated process. £1.7 million was secured in total, completing in twelve months.

The Situation

A dentist acquiring a three-surgery mixed NHS and private practice in Gloucestershire needed to fund both the freehold property and the practice goodwill in the same transaction. The structure required two aligned facilities working in tandem, one for a property SPV holding the freehold, and one for the trading entity actually purchasing the goodwill via an asset purchase, while keeping the overall approach genuinely lender-friendly rather than needlessly complicated by trying to squeeze two different kinds of asset into a single facility.

What We Did

We managed the commercial loan strategy across both facilities as a single coordinated process rather than two separate applications running in parallel and risking inconsistency between them. That meant preparing and submitting the bank applications together, and coordinating the split-funding approach so that the property and the goodwill could each complete under the correct legal entity, without one holding up the other while lenders on each side worked through their own timelines.

The narrative we presented to lenders was built specifically to separate out the security and rationale for each facility clearly, so that what was being asked of the lender for the property side never got muddled with what was being asked for the goodwill side, a distinction that matters considerably when two different types of security are involved.

The Result

Freehold and goodwill funding was approved under a clean two-loan structure, approximately £500,000 for the property SPV and £1,200,000 for the goodwill acquisition, £1.7 million in total. The transaction completed in twelve months.

The broader point for anyone structuring an acquisition across a property entity and a trading entity: lenders respond better to a clearly separated case for each facility than to one blended application trying to justify a single number. Keeping the property and goodwill funding logically distinct, even when they’re part of the same overall transaction, is often what makes a complex structure approvable rather than a source of ongoing back and forth.

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