LEES, a member of The Corporate Finance Network with offices in Norwich, London and Hampshire has advised a Construction company on fundraising following the Coronavirus outbreak.
The LEES corporate finance team were asked for assistance following the overnight shutdown of building sites across the UK, a consequence of the COVID pandemic.
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 an antiques retailer on a capital raise.
The antiques dealer, a longstanding client of Laurie Riley, Director at Dyke Yaxley was in need of additional capital to mange the impact following the COVID pandemic.
North Yorkshire-based accountancy firm Hunter Gee Holroyd (HGH), has advised the owners of a group Lakeside Lodges on their strategic sale to a leisure company.
Mark Grewer, Director of Corporate Finance at HGH was approached by his client when they were approached by the eventual purchaser in February 2020 who declared they would like to potentially acquire the accommodation business.
The government backed loan scheme, CBILS, is ending for applications on 30th September, which, as I write this article, is 19 working days away. If your client needs to apply, now is the time to do it, to ensure the banks and lenders have all the information they need to confirm a full application by the deadline.
Sharp distinctions in approaches to managing cashflow and business continuity planning by SMEs and the corporate world are revealed in the latest edition of the ACCA UK and The Corporate Finance Network (The CFN) SME Recovery Tracker.
Closing on the 29 July, the results show that 86% of accountants in the corporate sector have business plans and financial forecasts in place,
“Counting the human cost of Covid — and of leaving small business owners behind” was the headline for the article on 23rd July, an opinion piece by Helen Brand, Chief Executive Officer of ACCA, who are backing the industry-wide campaign across the accountancy profession to #LeaveNoBusinessBehind
Referencing the mental health concerns accountants have for some of their business owner clients,
Today we launch the #LeaveNoBusinessBehind campaign to provide additional support to the wider accounting profession as we urge them to commit to encourage all business owners to prepare cashflow forecasts, so that they have a roadmap to lead them out of lockdown and into recovery.
We are concerned that with so many deferred and debt repayments becoming due over the next 12 months,
Emerging from the Covid-19 lockdown has not alleviated concerns about the future viability of small and medium sized businesses (SMEs), or eased the stresses they are under, reveals the latest ACCA UK and The Corporate Finance Network (The CFN) SME Recovery Tracker.
The survey features insights from accountants representing more than 15,530 SME clients,
Small businesses and industry leaders united in call for more action
ACCA (the Association of Chartered Certified Accountants) has joined with champions of small business to call for more help for the troubled sector in the wake of Covid-19.
The call came in a roundtable discussion hosted by ACCA with the Forgotten Ltd campaign,
McBrides, a member of The Corporate Finance Network based in Kent and South East London, has advised the shareholders of a construction support business on a £300,000 CBILS loan.
McBrides Corporate Finance Partner, Mark Grady was approached by his client following the overnight shutdown in the construction sector which left the business needing prompt advice regarding short to medium term cash flow advice.
