Paul Rothwell’s career in property development began while he was a student. He used a £15,000 loan from his dad to buy a house and convert it into flats for himself and fellow students.
When he graduated, he didn’t sell the house but let it out and took out a second mortgage to help fund another.
That was how Empire Property Concepts (EPC) started out, and now, just 13 years later, it has a portfolio of more than 1,500 residential units across various portfolios.
Empire’s response to Permitted Development Rights (PDR) legislation was to set up a new company, Empire Property Holdings (EPH).
EPH issues Loan Notes across several Special Purpose Vehicles (SPVs) to finance EPC’s developments, focusing on converting disused commercial property into residential accommodation.
With interest rates low or negative, these Loan Notes offer sophisticated investors an innovative way to engage in the UK property market.
Company website: empirepropertyconcepts.co.uk
Business sector: Consumer & Retail
Location: Doncaster, UK
Annual turnover: £4.5 million
Number of Employees: 16
Year Founded: 2009