Posts Tagged ‘private equity’
As a leading Independent firm of Chartered Accountants, we have former Finance Directors working within the accountancy profession, as part of our leading business team. We believe that professionals with real commercial experience together with being part of the ownership of the business really does provide our clients with key, relevant advice and support and we see as experience and empathy being the two most important attributes to be a really great business adviser.
MGC Hayles is developing a leading business advisory firm within the Midlands. We understand that, aligned with survival, the two biggest challenges facing all businesses in 2013 is growth, with many businesses seeking growth through export together with the availability of finance.
We believe that we are already addressing these key challenges through our contacts within many of the key banking and finance providers, whilst accepting that finance through banks is still very tough, as well as through our private equity contacts and membership of the Growth Investment Network in the East Midlands. We are keen to develop our support for international trading through the UK200 Group, which combined with our skills and experience as real finance directors will provide us and our clients with the real and valuable support where it will count. A key strap line for us is “It all adds up” and we believe that these are the attributes and key areas that will prove that to be true.
Growth through export and new markets
During 2012 the UK economy has already seen key opportunities for expanding business by moving into new markets, namely the BRICs – Brazil, Russia, India and China. Here are the key reasons
- Brazil is an economy even bigger than India’s with a substantial middle-class population. This provides substantial opportunities across many sectors, British business cannot ignore Brazil. The Brazil Effect
- India has huge demand for Western products and services and these are prevalent among India’s young middle class. Together with cricket, it is creating a great opportunity for UK business. But the Indian market is very relationship-driven and success can depend on building relationships and partnerships with other businesses. Leicester is a key route through to business in India, http://www.labauk.org/, and we certainly aim to play our part in supporting this integral part of our local economy. India cannot be ignored
- Russia & Eastern Europe has grown and significantly developed since the break-up of the Soviet regime 20 years ago. Russia’s economy has steadily evolved and yet it accounts for only one per cent of UK imports and one per cent of UK exports. There is, therefore, plenty of room for growth. Russia is the fastest growing export market
- China and Anglo-Chinese relations are at a high and the City of London will be first city outside Hong Kong and mainland China to trade the RMB. This will provide event more opportunities for UK business in China, but UK businesses will need to develop the best strategies to exploit this complex and diverse region. China is the great economic success story
Raising Finance to grow your business
Obtaining finance through traditional lending sources, such as the banks, remains one of the biggest challenges for dynamic companies seeking to fund future growth. We recognise that we have to be diverse and imaginative to source finance. On a plus side, there are growing signs that asset finance and some government initiatives are starting to develop, but the road ahead remains tough. Here are three of the key areas to address for any business looking to source finance to grow:
- Planning ahead is crucial as you need to anticipate your requirement and kick off discussions with prospective funders very early on. It is also worth noting that it is a fight for capital and you need to be at the front of the queue. http://www.ginem.co.uk/
- Have a plan A, B, C, D ….. and bring in competition for funding and be open-minded to new institutions, new forms of finance, new structures that can meet your needs in an environment that is fundamentally different from pre-credit crunch days. Business angels now also provide loan finance and this is any area that many businesses could consider.
- We have said it on many occasions, but deliver a robust plan and demonstrate that you can think through the challenges in your business as well as the upsides. In today’s world you have to consider things from a banker’s/funder’s perspective as well as from a shareholder’s. You need to consider a warts and all plan and avoid any due diligence holes in the opportunity by anticipating pitfalls.
We, of course, can help in all of these areas. We do this through experience and as business owners and we would welcome an opportunity to listen and for you to Tell Us Your Story.
Steven Mugglestone BA FCA
Tell us your story
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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
Corporate are a Member OfProbiz Tax. We provide Innovative Tax Solutions to Owner Managed Businesses. We are relentless in helping businesses. Here are some examples of how we do that:
Accelerate Your Business Growth and get supported with Grant Funding. http://wp.me/pQyUg-29
Midlands Investor Network – Launch Event and Update http://wp.me/pQyUg-25
How an FD drives a business when sometimes Accountants are just catching up http://wp.me/pQyUg-j
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