Lender turns coal mine into gold mine

London Bridge Plc has completed a loan on a coal mine in Wales thanks to its bespoke loans.

The loan, which is close to £1m, is for 12 months and allows for planning to be granted to extract coal from land which has full mineral rights and substantial reserves valued at millions of pounds.

Anthony Wall, CEO of London Bridge Plc, said he was delighted to work on this sort of opportunity as well as its standard lending practices.

“We really do lend on anything if it makes sound commercial sense to us,” said Anthony.

“So often short term lenders say no and when pushed, they cannot explain why.

“At London Bridge Plc, every enquiry is looked at in a proactive way and we welcome the unusual, as well as the mundane, both of which we will evaluate enthusiastically.”