News
Merlin Refinances for a Stronger Future
12/02/2010
In October last year, Merlin appointed PwC to review the business, our strategy, and the market. The review was extremely positive, but did confirm the need to refinance on more favourable terms. As a result Merlin is about to conclude a refinancing deal which will see:
• A reduction in balance sheet debt of £71.1m
• A reduction in interest and capital repayments of £4.6m
• A reduction and re-phasing of debt repayment over the next 8 years
• A new investment of £3 million of cash
The successful conclusion to the refinancing is a reflection of our strong relationships with our investors, RBS, Babson, and Bridgepoint, the confidence they have in our strategy and their commitment to the business for the future.
Richard Webster, CEO of Merlin commented, “A lot of groundwork has been done over the last 2 years in improving the business; new premises, technology, people and working practices. The financial restructuring is the final piece in the jigsaw that will allow us to continue to develop our market leading Loss Adjusting and Claims Management offering.”
Merlin's Belfast Office Relocates to Larger Premises
28/07/2010
Following the success of Merlin Professional Claims Services’ Belfast Office, which opened last year, the Loss Adjuster has relocated from Clarendon Dock to larger premises ...
Find out more
Merlin Restructures Chartered Loss Adjusting Division
16/07/2010
Merlin Professional Claims has re-invigorated its Loss Adjusting division following an organisational restructure of its services and the appointment of Russell Crewe as Director of ...
Find out more
