Recent assignments include:
Business disposal - Healthcare
Following a failed sale
Case Studies:
brokered by the client itself, we successfully completed a sale of the business twelve months later, achieving a final price more than 60% higher than the failed sale.Acquisition due diligence - Group of Hotels
We reviewed forecasts and assumptions prepared by the target with reference to historic and current financial information/trends and our knowledge/research of the market place. We prepared a “long form” report for the client highlighting areas of weakness and reported irregularities in respect of both financial and taxation matters. Based on our findings, our client attempted to renegotiate the terms of the deal but ultimately pulled out.
Rebanking exercise - Leisure
The proposed bank engaged us to review the financial forecasts and prepare the sensitivity analysis to back up the projections and “worst case” scenarios. We advised that the projections proved sound subject to the proposed management structure being implemented. The bank provided the new facility to the business.
Acquisition due diligence - Automotive
Our client was presented with the opportunity to acquire one of their main competitors and required us to perform financial and taxation due diligence at short notice. We reviewed historic trends and the forecasts prepared by the target and reviewed systems in place highlighting areas of weakness. We prepared a “short form” report which we formally presented to the Board. Based on our findings, our client pulled out of the deal, with a view to waiting for the target’s position to weaken and cherry pick assets.
Finance Wales investment – Electronics
We are a listed supplier for Finance Wales, and were engaged to perform financial due diligence on a business applying for an £850,000 investment from Finance Wales. We were specifically engaged to review the robustness of the forecasts and business plan and perform key sensitivity analysis. We advised that the assumptions of the projections were of a sound basis and the business successfully received the investment from Finance Wales.
MBO – Leisure
We performed financial due diligence on the management’s forecasts to confirm the robustness of the assumptions used and performed key sensitivity analysis. The MBO successfully received finance from the bank to buyout the previous shareholders.
Grant Funding - Manufacturing
We are a listed supplier for Business Link for the provision of financial advice and assistance with grant applications. We were engaged to prepare a business plan with supporting financial forecasts and assist with the completion of the grant application. Our client successfully received a £100,000 grant from Advantage West Midlands for the expansion of their manufacturing business.
Tax restructuring - Various
We have assisted our clients considering potential disposal to restructure the business, providing greater commercial flexibility and the potential to maximise tax efficiencies.
The co-operation of an existing management team can be critical to the success of a business sale and so we have advised on, and helped implement, an incentive plan linked to the final sales value.