Hallidays, a member of The Corporate Finance Network based in South Manchester has successfully provided a due diligence report for their client, which led to a £250,000 secured loan.The Hallidays corporate finance team, led by Philip Jones, carried out a confirmatory due diligence exercise on an FCA regulated business offering finance on household goods. The project was for social investors looking at opportunities to invest in like-minded businesses. The reporting exercise was clear and concise and played a major role in the investment decision making process.
The reporting exercise resulted in investment for the target of a secured loan for £250,000. This will enable the target company to make further investment into their business model.
Due to the success of the project, there is an option to raise funding, up to potentially £4m, providing more flexibility for Hallidays client during their growth.