Business Leader magazine has quoted The SME Tracker and comments from our Chairman, Kirsty McGregor’s in its article today, as the British Business Bank’s Recovery Loan Scheme comes to an end.
In The CFN & ACCA SME Tracker, accountants representing over 90,000 SME business clients, reported that 49% of their clients have been put off or have abandoned applying for finance in the past six months.
Jacobs Allen, a member of The Corporate Finance Network based in Suffolk, has advised the directors of an Embroidery business on the sale of its business, assets, and undertakings.
Jacobs Allen Corporate Finance Director, Chris Kelly, was approached by the directors and shareholders after they had started to consider exit options.
Dyke Yaxley, a member of The Corporate Finance Network with two offices in Shropshire and one in the United States, has successfully advised the shareholders of a self-storage unit on the disposal of 100% of the share capital.
Andrew Young, Finance Director at Dyke Yaxley,
LEES, a member of The Corporate Finance Network with offices in Norwich, London, and Hampshire has advised the shareholders of an energy and infrastructure consultancy on its sale to its employees.
A well-established and profitable specialist consultancy business was sold to its employees via an Employee Ownership Trust (EOT).
Consilium, a member of The Corporate Finance Network based in Glasgow is pleased to announce their client, Rowan Timber Supplies (Scotland) Limited trading as Woodrow Timber has successfully sold three timber merchant branches to one of the largest national builders merchants, MKM Building Supplies.
Consilium is delighted to announce that its corporate finance team has advised the owners of Woodrow Timber on the disposal of three timbers merchants that employed c.50 staff to MKM Building Supplies.
Research from ACCA UK and The CFN reveals continued economic pressure on SMEs is resulting in measures to increase financial resilience
One in five (20%) UK SMEs are being hampered in their growth and finance ambitions by their levels of existing financial pressures, reveals a monthly SME Recovery Tracker from ACCA UK (the Association of Chartered Certified Accountants) and The Corporate Finance Network (CFN).
McBrides, a member of The Corporate Finance Network based in Kent and South East London, has advised the shareholders of a Construction business on its 100% share sale.
McBrides Corporate Finance Partner, Nigel Kimber, was approached by the Construction firm shareholders after they had started to consider exit options.
After a very long 2.5 years, we are back at Excel this week for the must-attend exhibition for the accounting profession in the UK.
Kirsty McGregor will be supporting capitalise.com on Stand 460 over the two days and is also speaking in the Small Practice Theatre on Day 1.
Dyke Yaxley, a member of The Corporate Finance Network with two offices in Shropshire and one in the United States has successfully advised the shareholders of a retailer to raise £250,000 using the Coronavirus Business Interruption Loan Scheme (CBILS).
The retail firm had at first gone to their bank and applied for additional funding however this was declined.
Whitings LLP, a member of The Corporate Finance Network, has successfully advised on matters surrounding raising £800,000 of equity finance for a Renewable Energy business.
The shareholders approached the Whitings LLP Corporate Finance team for advice on matters relating to raising equity investment to continue its Research &
