HUSBAND and wife team Rod and Adelle Sim are set for a seven-figure expansion of their Perthshire holiday complex.
The owners of Silverwood Lodge and Bistro have secured a £1 million finance package from HSBC UK to expand their luxury holiday lodge and bistro resort in the Carse of Gowrie.
The Sims supplemented their own financial input with an initial £300,000 loan from HSBC to develop the 20-acre site in 2017. The first phase of funding helped develop six acres into a serviced and landscaped holiday lodge resort, including installation of mains services to each lodge plot, landscaping and dry-stone entrance-way gates.
The couple then secured an additional £700,000 to build the new luxury lodges, with 13 currently on-site and planning permission submitted for six more as well as a new bistro. The growth will mean the resort can cater for approximately 100 guests.
The Sims acquired the old clay works site at Inchcoonans, outside Errol, some 10 years ago before developing it.
They now have a staff of five, with additional cleaning and grounds keeping staff expected to join the team when all of the lodges are fully functional and when the bistro opens in spring next year.
Rod Sim, co-owner of Silverwood Lodges and Bistro, said: “With HSBC UK’s support, we’ve been able to accelerate the development of our dream business.”
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