Small business owners are reporting a mental health and welfare crisis as they wage a constant battle to save their businesses, according to a survey from ACCA UK (the Association of Chartered Certified Accountants) and The Corporate Finance Network (CFN).
The SME Tracker for March revealed that one in seven bosses (13.6%) were feeling unable to cope with work pressures,
Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised the shareholders of a warehouse solutions business their company sale.
Chris Kelly, Partner at Whiting & Partners (pictured) within their Corporate Finance team, began by confidentially marketing the business to gauge interest within the market.
Nicholsons, a member of The Corporate Finance Network based in Lincoln has advised the shareholders of a wholesale business on a restructuring deal to enable the founder to successfully exit from the business.
The Nicholsons corporate finance team was asked for assistance when the owner of a family-run wholesale business decided to explore options for exiting the business.
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 construction company to raise £250,000 using the Coronavirus Business Interruption Loan Scheme (CBILS).
The construction firm had been adversely impacted as a result of the Coronavirus pandemic and subsequent lockdown which forced the sector to lay down their tools.
Albert Goodman, a member of The Corporate Finance Network based in South West England with six offices, has advised the owners of a mobility company on its sale to an entrepreneur during the COVID pandemic
The Albert Goodman team, led by Director of Corporate Finance, Neil Hutchings was approached by his client before the pandemic when they decided to consider options for selling their business.
Assynt Corporate Finance, a member of The Corporate Finance Network in Hertfordshire, has advised an Accountancy & Tax practice on its sale to a larger firm.
Andrew Watkin (pictured), a business adviser at Assynt Corporate Finance was asked by the Director to undertake a search of practices using Xero and Receipt Bank software for their clients.
The Corporate Finance Network’s SME Tracker survey, compiled in association with ACCA, was discussed in City AM today as CEO Helen Brand reviewed the past 12 months.
Titled “Tracking the pandemic’s impacts on small business” the article runs through the year, reviewing the key challenges and concerns raised by accountants.
Small to Medium Sized Enterprises (SMEs) in hard hit sectors are increasingly starting to move to close down their businesses, according to a survey from ACCA UK (the Association of Chartered Certified Accountants) and The Corporate Finance Network (CFN) which has polled its accounting firm members.
The SME Tracker revealed that in February two accountancy practices reported that 20-25% of their SME clients had already liquidated or wound up,
After a year where most businesses will have depleted their cashflow reserves, the government-backed loan schemes became a necessary route for many management teams, as they sought to strengthen their companies and put new working capital facilities in place to allow them to fund their recovery.
The latest newsletter from The Corporate Finance Network highlights some member firms’
Knill James, a member of The Corporate Finance Network, based in Lewes, East Sussex, has advised an Executive Recruitment firm on a Management Buy-Out.
The Knill James corporate finance team was asked for assistance when the management team of an Executive Recruitment firm wanted advice regarding a buy-out of shares from the existing owners.
