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YMCA St Paul’s Group Successfully Completes Reorganisation Project

Allia C&C is pleased to announce that it acted as the financial advisor to YMCA St Paul’s Group, on the restructuring of its debt portfolio and the negotiation of a new debt facility.

YMCA St Paul’s Group is one of the largest organisations within the YMCA Federation and provides supported housing and wellbeing facilities across Greater London and into Berkshire and Surrey.

The advice involved analysing the existing debt facility, making recommendations on how this could be simplified and restructured (including the consolidation of the West London YMCA subsidiary into the parent company YMCA St Paul’s Group) and conducting a competitive tender process to access new five and ten-year debt. The outcome is a simplified operating structure, reduced running costs and a more efficient debt portfolio with a new lender, a longer average life and covenants suited to the needs and aspirations of YMCA St Paul’s.

Commenting on this result, Fred Angole, Group Finance Director and Deputy CEO of YMCA St Paul’s Group said,

“We are very pleased with the outcome of our reorganisation, after which we will operate through a single company with an optimised debt portfolio and covenant package. This leaves us in a strong position to continue to deliver exceptional social impact to our communities and improve the lives of young people facing homelessness. We thank Allia C&C for their continued support and advice throughout the process.”

Adrian Bell, the CEO of Allia C&C said,

“We were delighted to support YMCA St Paul’s as it embarked on a restructuring of the group and the redevelopment of a major site in Wimbledon. This has left YMCA St Paul’s in a strong position to fulfil its ambitions for the business – helping it to maximise the impact delivered by its activities in an area of strong social need.”