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. The project was led by Martin Wilson of LEES Corporate Finance team who began by assessing all options for the retiring Director while also considering business continuity plans.
LEES prepared detailed forecasts to see whether an MBO was an affordable route and if so what level of funding would be required. Martin calculated a £300k facility would work for all parties and developed a business plan to provide for potential lenders.
Using Capitalise, a suitable funder was found in just four days to provide the full £300k.