Albert Goodman, a member of The Corporate Finance Network based in South West England with six offices, has advised the owners of a loss-making Medical Devices business on its company sale 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.
The latest survey of UK accountants representing approximately 6,000 SME clients shows 28 per cent of them will probably not have enough funding for the next six months and expect to be unable to access the necessary funds for future trading. A further 24 per cent still do not know if existing funding will be sufficient.
MAP, a provider of corporate finance and accountancy services based in Manchester has advised nine businesses in the creative and technology sectors to raise £1.6m in CBILS loans, with an average value of £175k per loan.
Paul Barnes, Managing Director at MAP took the initiative to contact multiple clients after a thorough analysis of their existing cashflow and their debt showed that better payment terms were available under the CBILS.
Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised a Recycling & Skip Hire business on raising £250k.
Whiting & Partners took the initiative to highlight to their client that they would be able to refinance their existing loans and hire purchase agreements by accessing cheaper finance available to them in the market.
Kay Johnson Gee LLP (KJG), a member of The Corporate Finance Network based in Manchester has advised the owner of a regional multimedia business on a successful fundraise.
The KJG team, led by Corporate Finance Partner Steven Lindsay, was approached by his client when they decided to consider growth options for their business including raising capital to fund future growth initiatives.
LEES, a member of The Corporate Finance Network with offices in Norwich, London and Hampshire has advised a Print Hire business on a successful fundraise following the Coronavirus outbreak.
The LEES corporate finance team were asked for assistance following the disruption caused by the COVID pandemic. The business,
Accountants have been increasingly successful in persuading SMEs to reforecast their financial performance in the second half of 2020, according to the year-end results of the ACCA and The Corporate Finance Network (The CFN) SME Recovery Tracker.
In early June, only 27% of smaller businesses said they had completed a reforecast of finances to take into account the effect of the global pandemic.
Kirsty McGregor, Chairman of The Corporate Finance Network, is featuring on a panel for one of the talks being held for Accountex, although this time, it’s not at Excel, but virtual.
Together with Paul Surtees of Capitalise, Glenn Collins of ACCA and Sarah Hartshorn of CFN member firm,
McBrides, a member of The Corporate Finance Network based in Kent and South East London, has advised the shareholders of a Horticulture retail business on an £800,000 commercial loan.
McBrides Corporate Finance Partner, Mark Grady was approached by his client when his client sought funding advice.
Mark begun the project by producing a detailed cashflow forecast for the business considering to determine how much the business required.
Knill James, a member of The Corporate Finance Network based in Lewes, East Sussex, has advised a Financial Services company on its sale a local firm in South East England.
The Knill James corporate finance team were asked for assistance when the owners of an Independent Financial Advisers (IFA) firm decided to explore options for exiting the business.
