Deals

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, 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, 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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LEES, a member of The Corporate Finance Network with offices in Norwich, London and Hampshire has advised a print & design company on fundraising following the Coronavirus outbreak.

The LEES corporate finance team were asked for assistance following the print & design company being impacted by a temporary shutdown of operations,

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Kay Johnson Gee LLP (KJG), a member of The Corporate Finance Network based in Manchester has advised the Directors of a construction plant hire business on raising £150k loan.

The KJG Corporate Finance team, led by Partner Steven Lindsay (pictured) was approached by their construction client after being adversely impacted by the COVID-19 outbreak.

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LEES, a member of The Corporate Finance Network with offices in Norwich, London and Hampshire has advised a construction company on raising finance as part of retirement plans for a longstanding Director.

The LEES Corporate Finance team were approached for advice when it became known one of the Directors of a Construction company would be retiring.

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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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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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McBrides, a member of The Corporate Finance Network based in Kent and South East London, has advised the shareholders of a retailer on selling their business after an unsolicited approach by their main competitor.

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

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Nicholsons Chartered Accountants and Business Advisers, a member of The Corporate Finance Network, with offices in Lincoln and Market Rasen, has successfully advised their clients on buying back a business they had sold four years previously.

It’s not often that a business adviser will sell and then later buy back a company with the same clients but that happened to Nicholsons.

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