Our recent survey of corporate finance professionals confirmed that the timeframe for completing deals in the OMB space is extending with due diligence taking longer and purchasers generally being more risk-averse during the sales process.
Whilst good businesses will always sell, this shift will inevitably mean that fees take longer to be raised and cashflow will take a hit.
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The stresses from economic pressures, post-Brexit and post-Covid trading has meant that many older business owners are increasingly considering their exit and requesting help from their accountants to do so.
This is confirmed by the responses from full-time corporate finance teams in mid-tier accountancy firms who stated that ‘they have never been busier’.
As we turn the page into another year, The Corporate Finance Network has been collating the experiences of corporate finance advisers in the owner-managed business sector and sharing views on what the market is likely to bring in 2024.
Key findings include:
“Achieving Excellence in All We Do” is the theme of The Corporate Finance Network’s forthcoming national conference at the world-class venue of Mercedes-Benz World in Weybridge, Surrey.
Sessions will seek to upskill the delegates from the corporate finance teams in those accountancy firms who are members of The CFN as well as launch various projects from our central resource to continue to support them as they see a rapid a rise in corporate finance activity in their local SME markets.
The annual benchmarking data for their accountancy firm members has been released by The Corporate Finance Network who has itself welcomed four more accountancy firms to their network in the past 12 months.
Key findings are:
Member firms of The CFN have been engaged by Innovate UK to provide advice to potential applicants for Innovate UK Innovation Loans, in a pilot programme running during Autumn 2023.
The programme is intended to supplement the wider strategy of Innovate UK to support businesses with late stage research &
The Corporate Finance Network today announces that they have invited Johnston Wood Roach to join their specialist accountancy network of corporate financiers.
JWR, based in Waterlooville, Hampshire, is a team of 3 directors and almost 30 staff and offers specialist services including audit, tax, business services and corporate finance.
The Corporate Finance Network today announces that Sowerby Chartered Accountants has joined their network of corporate finance specialists from 1st March.
The East Yorkshire-based firm has been established for over 100 years and has a growing corporate finance division, led by Director, Katy Booth who joined the firm in 2021.
“Global impacts on our doorstep” is the theme of The Corporate Finance Network’s forthcoming national conference at the world-class venue of The Celtic Manor Resort, set it in the Usk Valley, South-East Wales.
Sessions will seek to inform and upskill the delegates from the member firms of The CFN,
Under a fifth of SMEs plan for growth in 2023.
