Successful horse racing trainer, Emma Lavelle has secured a seven-figure finance package from HSBC to acquire Bonita Racing Stables in Ogbourne Maizey, near Marlborough.
Emma, who has been running Emma Lavelle Racing from rented stables in Andover for the past 17 years, has used the funding to purchase and renovate the 270 acre site, which includes a 70-box stable yard, 150 acres of gallops and staff living quarters.
The funding comprised of a commercial mortgage and development loan, with Emma financing the remainder of the purchase using profits from the business. The move is expected to create four new jobs for the local economy.
Emma said: “With the help and support of HSBC, I’ve finally been able to realise my lifelong ambition of owning my own racing stables and invest more heavily in my business. The team at HSBC has shown a genuine interest and understanding of the company and they’ve been on hand to sort any issues as they arise, giving me the confidence and financial backing to buy the stables as soon as they came on the market. Bonita Racing Stables is the perfect place to help me develop and grow my business and it has a great legacy which I hope to continue.”
James Elwes, HSBC’s Area Director for Hampshire and Dorset, said: “Emma is already a very successful business owner who trains more than 60 horses, but she has big plans to attract and train more flat runners as soon as she’s settled in. We wanted to help her reach the next stage in her career, so we provided a finance package that would support these plans and give her the opportunity to put her own stamp on the stables through the development loan.”
The gallops at Bonita Racing Stables, which were previously owned by well-known trainer, Peter Makin, are regarded as among the finest in the UK.