A £40k Business Finance Solutions Business Loan has helped a couple from Oldham to rescue Clough Manor Hotel in Saddleworth.
Siobhan Hunter and partner Mark Dolman are set to return an iconic Saddleworth hotel to its former glory, thanks to by a £40k business loan from a £24m fund delivered by Business Finance Solutions (BFS) that is designed to help businesses across Greater Manchester to find access finance, grow, and create or protect jobs. A former 18th century farmhouse, Clough Manor Hotel is situated on the edge of the Saddleworth village of Denshaw and offers 25 rooms, a restaurant, function suite and lounge bar.
The hotel’s bookings and services had been in decline for a number of years and by 2013 it was only open to the public three days a week. Siobhan and Mark, both Saddleworth residents, knew the hotel well and since taking over the lease and management in October 2013, have invested a huge amount of work and resources into updating and renovating all the bedrooms, restaurants, public areas and function rooms.
The hotel is now open seven days a week, offering a dramatically improved level of accommodation, food and function facilities. Siobhan and Mark will now use the £40k BFS Business Loan to continue the extensive renovation work and to invest in additional marketing of Clough Manor, with turnover predicted to top £1m by 2015. Numbers of weddings and corporate functions booked to take place at the hotel have already risen by 30% and will be a major focus as the business grows. The couple has also introduced an extensive programme of events to attract people back to the hotel, from menu tastings and seasonal lunches to wedding fayres and competitions to showcase local bands.
Siobhan Hunter, MD, said:
“Clough Manor has been at the heart of Saddleworth life for centuries and it was really sad to see it falling into decline as a hotel. Having worked in the industry ourselves for 14 years, when the opportunity arose for us to take Clough Manor over, we jumped at the chance but knew there was a lot of work to be done to turn it into the stylish and welcoming hotel we knew it could become.
Being able to work with the Business Finance Solutions team to access a Business Loan has meant that we could put all of our plans into action and upgrade the hotel as soon as possible, which of course means that we’re able to take more bookings and generate more revenue to improve the hotel and facilities even further.”