Posts Tagged ‘investment’
Midlands Investor Network Launch with a Song and Dance
A group of banking, finance and business professionals working together as The Midlands Investor Network launchedthis month, literally with a song and dance in Birmingham at the main offices of RBS/Nat West at St Phillips Square, which as the area director for RBS jokes as is also known as the bank at the back of Rackhams.
The Network has been put together by Steven Mugglestone, West Midlands Area Director of McGregors Corporate, the midlands based firm of Chartered Accountants and Business Advisers, in order to give growing SME owner managed business an opportunity to pitch their businesses to potential angel and private equity investors. The Network also includes RBS, Else Solicitors based in Birmingham and Burton, Citizen Corporate Finance based in Nottingham, BA Capital based in London and MidvenVenture Capital based Birmingham. The event saw seven growing businesses from new technology start-up businesses through to established west midlands based engineering and manufacturing businesses looking to European expansion,pitching their plans to an audience of business angels and venture capital organisations together with their professional advisers.
One of the ventures was the opportunity to invest in a new musical looking to secure funding to establish a West End run. Mod Crop, the Musical contains well known songs from the sixties and has been written by the creator of Quadrophenia, and has already been seen by sell-out crowds at the Nottingham Theatre Royal. As an addition to their pitch, the show’s co-writer and producer, Steve Wallis, brought part of the cast and a group of musicians along to round up the presentations with excepts of songs and scenes from the show, with a finale of songs including Gimme’ Some Lovin’. The midlands head office of a national bank may have appeared to be an unusual setting, but the evening was a welcome song and dance alternative to routine business and financial issues.
The launch proved to be a success and a platform for future events in Birmingham and elsewhere in the midlands, with interest being shown in the businesses for future potential investment from the business angels and venture capital/private equity organisations within the audience. Steven Mugglestone of McGregors Corporate said, “We are very pleased that the event has gone down exceedingly well indeed. The presentations from all of the businesses were very well delivered and well received and we have had really good initial feedback. As well as interest being shown in the presenting businesses, I have also been approached by representatives of businesses and business angels groups wishing to put businesses forward as well as other equity investors wishing to be part of the network and future events. The team at Nat West/RBS have been fantastic in supporting the event and providing the venue and catering and they have already told me that they are very keen to promote and host another event in the Spring time. All in all, I think everyone enjoyed themselves, which for business and finance isn’t always the order of the day. I also believe that there will be some real positive outcomes for the businesses presenting at the first event.”
Businesses pitching at the first event included a company who have developed a system that refuels gas powered cars from mainssupply gas; a company that has developed a UV light cured car body filler; an award winningmanufacturing company that adapts small cars for wheelchair access and use; a company that has developed a system for doctors surgeries to control and monitor their referrals to the NHS; a rugby leisure clothing brand; anonline radio station for the over 40s and Mod Crop The Musical. All of these businesses are also being assisted by Citizen Corporate Finance, http://www.mycitizen.co.uk in their current and future search for funding.
Businesses or investors wishing to be part of the Network and future events being organised should contact Steven Mugglestone at McGregors Corporate on 0121 236 3317 or visit their website,www.mcgregorscorporate.co.uk,for other contact details and further information.
Steven Mugglestone BA FCA, McGregors Corporate, More than just Accountants! McGregors
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