(L-R) Sam Oxford, Steve Hitchen, Sue Chambers, Antony White
Cheshire-based climbing facility, Boulder Hut, has received £70,000 from MSIF to grow the business.
Sam Oxford and her partner Antony White, who have more than 40 years of climbing experience between them, opened the climbing wall centre in Ellesmere Port Hut in July this year.
The company was incorporated in 2016 but the couple struggled to find the right location for the business. To kick start the funding process the directors approached Steve Hitchen at the MSIF Finance Hub, who helped Boulder Hut with their business plan and financial forecasts for an investment proposition and, assisted them on successfully receiving a £30,000 Start Up Loan.
Due to the complexity of the development, Boulder Hut needed additional support to finish the project. Through further conversations with MSIF, Sue Chambers (MSIF Investment Manager) was able to facilitate a further £70,000 loan to bridge the gap in the remaining funds.
It was paramount for Sam and Antony to create a climbing space suitable for all ages. As parents themselves, they wanted to have a dynamic space for different ages and abilities, enabling climbers to be adventurous whilst in a safe environment.
There are divided zones for both children and adults climbing, with a further dedicated space for training.
Sue Chambers, MSIF investment manager said: “It has been a delight to work with both Sam and Antony. Their vision has created a fun and dynamic establishment with great facilities for children and adults. I look forward to seeing the further success over the coming years and Boulder Hut becoming the hub that brings the climbing community together.”
Sam Oxford, director of Boulder Hut, said: “Both Sue and Steve from MSIF have given us invaluable support from the very beginning. We’ve had great success over the summer holidays with some fantastic feedback from our customers. Even our chef who was a novice climber is really passionate about it now. Over the next few months, we will be launching Children’s Parties and hope to see our experienced climbers pay us a visit to maintain their skill throughout the winter. It’s a very exciting time for us.”
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