ThinCats provides £2.4m loan to music academy

The owner of the ACM will be using the funds to expand the business further following a surge in student numbers.

Discussions are already underway to secure a third site to help the ACM double its student numbers.

Damian Webb, partner at RSM, said that it had approached a number of funders as part of the process, however what really appealed to the ACM was ThinCats’ strong understanding of the business, and its ability to structure the funding appropriately.

“The ability to speak to real people who can respond quickly was a real factor in choosing ThinCats ahead of other lenders.”

David Sherrington, head of business origination across London and the South East at ThinCats, added: “The level of information and understanding of both parties’ requirements allowed us to deliver a compelling solution, quickly.

“We are pleased to be supporting such an ambitious and successful entrepreneur as Kainne Clements [the sole shareholder of ACM] and look forward to supporting his future plans for the business.”

ACM was founded in 1997 and provides higher education courses for music students. 

Former pupils include Ed Sheeran, Newton Faulkner and Kate Nash.

Kainne also owns the Metropolis Studios, which offers students the opportunity to benefit from recording at what is claimed to be Europe’s largest independent studio.

Artists including Queen, Michael Jackson, U2, Lady Gaga, Amy Winehouse, Adele, Rihanna and many others have recorded or mixed albums at Metropolis Studios.