Proficio Solutions raises £600,000 CBILS loan for legal services firm

Proficio Solutions, a provider of specialist Financial Director consultancy, bookkeeping, payroll, accounts management and cloud support for owner managed businesses based near Oxford has advised a legal services company on raising £600,000 via the Coronavirus Business Interruption Loan Scheme (CBILS).

Michael Pawley, Managing Director of Proficio Solutions, worked with the owners of the legal practice to first identify what level of funding would be required to support the business through the COVID-19 crisis and the subsequent recovery period.

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MAP helps client refinance loan using CBILS for better terms

MAP, a provider of corporate finance and accountancy services based in Manchester has advised a Digital Learning business on a £110,000 CBILS fundraise used to refinance existing debt on better terms.

Paul Barnes, Managing Director at MAP took the initiative to contact his client after some careful analysis of their existing debt showed that better payment terms were available under the CBILS.

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Assynt Corporate Finance assist Car Repairs business access £175,000 CBILS loan

Assynt Corporate Finance, a member of The Corporate Finance Network in Hertfordshire, has advised a car repairs business on raising a £175,000 CBILS loan.

Soon after CIBILS arrangements were announced by the government, Andrew Watkin (pictured), a business adviser at Assynt Corporate Finance recommended to a car repairs business owner that CBILS would be beneficial to their business.

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McBrides advises Market Research business on MBO

McBrides, a member of The Corporate Finance Network based in Kent and South East London, has advised the management and vendors of a market research business on a successful Management Buy-Out (MBO).

The McBrides Corporate Finance team, led by Corporate Finance Partner Mark Grady, was approached by his client after they were contacted about selling their business.

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KJG takes care of Veterinary Practice in £2m sale

Kay Johnson Gee LLP (KJG), a member of The Corporate Finance Network based in Manchester has advised the owner of Veterinary Practice on its sale for £2m.

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.

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