Zentra Group Secures Lending Facility and Prepares for FY Results Release

Zentra Group PLC, previously known as One Heritage Group PLC, has secured a £1.6 million debt facility. This facility is backed by properties at Bank Street, Sheffield, and Lincoln House, Bolton. The group had announced contracts on several transactions, including the sale of these properties, with completion scheduled for 29 October 2024. A flexible completion date is available by mutual party agreement until 8 November 2024.

Additionally, Zentra Group has improved terms on its existing loan facility, allowing for an extra £1 million for working capital over 18 months. This move is to support short-term needs while completing property sales. The company highlights the commitment of its majority shareholder, indicating solid support for its strategic goals.

Zentra Group anticipates releasing its annual results by 31 October 2024 and will provide further updates as needed.