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.
LEES, a member of The Corporate Finance Network with offices in Norwich, London and Hampshire has advised a Travel company on fundraising following the Coronavirus outbreak.
The LEES corporate finance team were asked for assistance following the immediate impact the countrywide lockdown had on the travel & tourism sector,
The Corporate Finance Network has released the 100th issue of Network Opportunities, the publication which lists the businesses for sale and wanted across the member firms of The CFN, along with a review of six successful deals completed in the previous month.
This newsletter, issued 10 times per year,
Capitalise, has today announced the appointment of the founder of The Corporate Finance Network, Kirsty McGregor, as their Accountant-In-Residence. This engagement marks a significant expansion from Capitalise as they move beyond funding.
McGregor, who has been a trainer for BPP, Mercia and ICAEW and has facilitated training for the ICAEW/SII CF qualification,
Assynt Corporate Finance, a member of The Corporate Finance Network in Hertfordshire, has advised a security business on raising a £50,000 Bounce Back loan.
Andrew Watkin (pictured), a business adviser at Assynt Corporate Finance was speaking to this client about cash flow in general and found out the client was unaware of the ability to apply for a Bounce Back loan from their bank..
Kay Johnson Gee LLP (KJG), a member of The Corporate Finance Network based in Manchester has advised the owner of an Engineering business on its sale for £750k.
The KJG team, led by Corporate Finance Partner Steven Lindsay, was approached by his client when they decided to consider options for selling their business in what is a very active M&A market.
McBrides, a member of The Corporate Finance Network based in Kent and South East London, has advised the shareholders of a Digital Print business on a £125,000 CBILS loan.
McBrides Corporate Finance Partner, Mark Grady was approached by his client following the lockdown which left the business needing prompt advice regarding short to medium term cash flow.
