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. Having worked with the client for many years preparing quarterly management financial information for the bank it became apparent the business would need more cash flow to carry the business through the height of the pandemic.
Laurie and the Dyke Yaxley Corporate Finance team prepared P&L and forecasts which were presented to the bank to secure the finance.
The finance was secured in good time, enabling the company to plan ahead for the medium term.