Through our partnership with Beer & Young, we raise business finance quickly for businesses in need.
We have an enviable track record in delivering active investors to our clients.
We all know that companies are facing businesses funding problems at present. Not only have we entered into a recession but bank funding has all but dried up. Essential working capital is very difficult to find.
Investment by experienced private investors offers a solution to your business finance problems without the need for business insolvency. Assuming you are comfortable with offering equity in the business, we can help.
In the first instance we should have an open discussion as to what the business needs, what an investor may expect and the likelihood of raising new money fast.
Please get in touch with us now. It costs nothing; you will receive sound advice from finance experts. We are very happy to have a meeting, again at no cost, to determine how we can help.
Bankers are not receiving much good press at the moment – that could be the understatement of the day!
As a business owner, you have little choice but to engage in dialogue with your bank. If there are problems with this relationship we can help. We have huge experience in dealing with bankers and can, in most cases, effect some sensible dialogue which can lead to a positive outcome of business finance for you without having to resort to business insolvency. Sadly, we cannot promise that your bank will immediately extend further business finance!
However we are adept at building bridges as well as introducing clients to new banks for their working business capital requirements.
Talk to us for a confidential discussion. Whilst we know the banking community well, we act for businesses not the banks.
The majority of businesses use some form(s) of asset based lending. Most have an invoice discounting or factoring facility, many have trade finance facilities and leasing arrangements.
2009 is likely to be a difficult year to persuade lenders to increase facilities. However there are some lenders more active than others. We know all the business finance players in the UK and can offer an introduction for you.
There are some lenders offering sale and leaseback terms and this arrangement can free up vital cash for the business. Pay close attention to the fees and charges on this type of arrangement. Its perfectly acceptable for brokers to earn a commission for placing business, however fees should not be excessive.
Please contact us to talk through any of these issues. We offer impartial advice. We act as business insolvency practitioners, but we prefer to assist with successful business finance.
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Business Type: |
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High Quality Equestrian & Tweed Clothing |
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Location: |
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York |
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New Capital: |
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£300,000 |
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Our client had worked for 20 years sourcing clothing when he decided to develop his own brands. The business designs and supplies high quality equestrian and country clothing to 250 retail outlets across the UK.
When our client approached us his position was:
- He had remortgaged his home and injected more than £150,000 business finance into the company which was high margin and profitable.
- The Bank overdraft was £30,000 and would not be increased.
- Debtors were already factored and trade finance facilities had been refused.
- He didn't have enough business finance fund his new season stock from the Far East and Portugal.
Beer & Young were contacted from our website and arranged:
- Three investor meetings.
- Two offers of equity investment were received.
- The offer, which completed within a few days, involved a £230,000 injection of new funding from the investors, a mix of equity and unsecured loan funding, completely avoiding business insolvency.
An additional funding line of £100,000 will be available dependent on performance. |
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Business Type: |
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Educational Marketing & Publishing |
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Location: |
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London |
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New Capital: |
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£150,000 |
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Our client had two separate aspects to its business, marketing and publishing. Cash flow was tight and business difficult. The owner and director, was concerned about her personal position.
She was introduced to Beer & Young by her financial advisers because:
- Turnover was £1,500,000 pa and dropping
- Bank debt was £150,000, fully supported by the owner’s personal guarantee
- The Bank was concerned about the credit and wished to reduce their exposure
- Management control of the two separate businesses was difficult and very stressful especially as the owner’s skills were in marketing not publishing
Beer & Young were able to resolve all the issues:
- We found an investor wanting to merge the marketing business with his own. Unfortunately he did not want the publishing business.
- Midas instructed Beer & Young to sell the publishing business.
- We found a purchaser who bought the publishing business for sufficient to repay the Bank borrowing completely together with some of the owner’s personal debts.
- With no debt and only one business to run, the owner’s declined the investor offer and returned the marketing business to profit on her own avoiding business insolvency.
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Business Type: |
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Vending Franchise |
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Location: |
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Midlands |
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New Capital: |
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£125,000 |
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We were approached by an IIB consultant to help a Midlands based franchisor who was heavily overtrading and who had fallen-out with his business partner. The franchise had only been trading for a few months and was showing enormous potential, however it also had technical problems with the design of the vending machines; plus the franchisor's original business partner had problems of his own, that meant he could no longer supply development capital for the business. As a result the sales of new franchises had ceased, vending income was slow in starting-up and the company was in dire need of business finance.
We were able to introduce a private investor who not only provided the necessary cash, but who also took a significant management role, to replace that of the former partner (who was bought out). The cash injection allowed the company to pay off its most urgent creditors, improve the product offering and, with the continued help of the IIB consultant, to restructure the rest of its debt, so that it could continue to expand at its former rate.
It took just under a month to introduce the investor to the company; it then took a further 8 weeks to sort-out the technical, ownership and creditor issues, before he was able to have confidence enough in the company's future to make the investment. During the whole process Beer & Young provided practical advice and valuable support to the company. |
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Business Type: |
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Manufacturer of Extruded Plastic Products |
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Location: |
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Basingstoke |
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New Capital: |
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£220,000 |
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Our client is a plastic extrusion moulding business founded in the 1950s. Under the second generation of family management, turnover had dropped to £2,000,000. Despite an Invoice Financing facility of £200,000 and the Managing Director having injected more than £600,000, the business faced the acute problems:
- The business was losing money and losing clients.
- Limited sales effort meant the factory was operating at only 30% capacity.
- It was near breaching an agreement for late payment of £45,000 of VAT.
Beer & Young quickly:
- Found three separate interested parties.
- The successful investor had interests in the sector and was confident he could bring new business into the firm.
- Due diligence & legals were extended but Beer & Young kept key stakeholders informed and deferred creditor pressure.
- £220,000 was injected into the business and
- The owner kept an equity interest and the business avoided closure with jobs being saved.
- The Invoice Discounter kept a client with a substantially strengthened balance sheet.
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