Empowering accountants to be the new relationship managers for finance. Help your clients and evolve your practice.
"Not only do we manage compliance but we can also raise funds and really provide a full finance director service, changing a client’s perception of what an accountant actually does"
| Turnover: | £700,000 |
| Requirement: | £1,300,000 |
| Sector: | Dental/Healthcare |
| Location: | Greater London |
| Incorporated: | 2013 |
A dental surgery management team had the opportunity to buy this successful business from the current owners who were looking to retire. The owners had initiated a formal tender process for best offers through a business sales agent. This involved the buyer positioning not only the purchase price but proof of funds. Whilst the management team were a preferred buyer, the vendors were price sensitive due to this being a key contributor to their retirement.
The profitability of the business meant that it had a great deal of interest from a range of buyers. The management team whilst having had a reasonable lead time on the auction had initiated the borrowing enquiries quite late in the process leaving only ten days to seek a concrete lending offer. The challenge therefore was to achieve a formal offer with a great APR and in a timely manner.
The combination of very healthy profit levels in the business and security from the management team meant that they were able to access two lenders who were keen to compete for the lending opportunity.
The management team wanted to have the longest payment terms possible in order to reduce the monthly impact on their cash flow. A ten year term with an amortising payment schedule was achieved (i.e. they made both repayment and interest payments). This enabled two outcomes for the business - firstly the future profits of the business could empower them to buy the business over a ten year period creating a valuable asset for the management team. Crucially though it also enabled them to be able to increase their own salaries so there was an immediate benefit to them on purchase.
Best of all these funds were secured at an APR of just 3.4% locked for ten years !
For more information on how we can help with a management buy-out, look here.
"Not only do we manage compliance but we can also raise funds and really provide a full finance director service, changing a client’s perception of what an accountant actually does"
| Turnover: | £700,000 |
| Requirement: | £1,300,000 |
| Sector: | Dental/Healthcare |
| Location: | Greater London |
| Incorporated: | 2013 |
A dental surgery management team had the opportunity to buy this successful business from the current owners who were looking to retire. The owners had initiated a formal tender process for best offers through a business sales agent. This involved the buyer positioning not only the purchase price but proof of funds. Whilst the management team were a preferred buyer, the vendors were price sensitive due to this being a key contributor to their retirement.
The profitability of the business meant that it had a great deal of interest from a range of buyers. The management team whilst having had a reasonable lead time on the auction had initiated the borrowing enquiries quite late in the process leaving only ten days to seek a concrete lending offer. The challenge therefore was to achieve a formal offer with a great APR and in a timely manner.
The combination of very healthy profit levels in the business and security from the management team meant that they were able to access two lenders who were keen to compete for the lending opportunity.
The management team wanted to have the longest payment terms possible in order to reduce the monthly impact on their cash flow. A ten year term with an amortising payment schedule was achieved (i.e. they made both repayment and interest payments). This enabled two outcomes for the business - firstly the future profits of the business could empower them to buy the business over a ten year period creating a valuable asset for the management team. Crucially though it also enabled them to be able to increase their own salaries so there was an immediate benefit to them on purchase.
Best of all these funds were secured at an APR of just 3.4% locked for ten years !
For more information on how we can help with a management buy-out, look here.
"Not only do we manage compliance but we can also raise funds and really provide a full finance director service, changing a client’s perception of what an accountant actually does"
| Turnover: | £700,000 |
| Requirement: | £1,300,000 |
| Sector: | Dental/Healthcare |
| Location: | Greater London |
| Incorporated: | 2013 |
A dental surgery management team had the opportunity to buy this successful business from the current owners who were looking to retire. The owners had initiated a formal tender process for best offers through a business sales agent. This involved the buyer positioning not only the purchase price but proof of funds. Whilst the management team were a preferred buyer, the vendors were price sensitive due to this being a key contributor to their retirement.
The profitability of the business meant that it had a great deal of interest from a range of buyers. The management team whilst having had a reasonable lead time on the auction had initiated the borrowing enquiries quite late in the process leaving only ten days to seek a concrete lending offer. The challenge therefore was to achieve a formal offer with a great APR and in a timely manner.
The combination of very healthy profit levels in the business and security from the management team meant that they were able to access two lenders who were keen to compete for the lending opportunity.
The management team wanted to have the longest payment terms possible in order to reduce the monthly impact on their cash flow. A ten year term with an amortising payment schedule was achieved (i.e. they made both repayment and interest payments). This enabled two outcomes for the business - firstly the future profits of the business could empower them to buy the business over a ten year period creating a valuable asset for the management team. Crucially though it also enabled them to be able to increase their own salaries so there was an immediate benefit to them on purchase.
Best of all these funds were secured at an APR of just 3.4% locked for ten years !
For more information on how we can help with a management buy-out, look here.
"Not only do we manage compliance but we can also raise funds and really provide a full finance director service, changing a client’s perception of what an accountant actually does"
| Turnover: | £700,000 |
| Requirement: | £1,300,000 |
| Sector: | Dental/Healthcare |
| Location: | Greater London |
| Incorporated: | 2013 |
A dental surgery management team had the opportunity to buy this successful business from the current owners who were looking to retire. The owners had initiated a formal tender process for best offers through a business sales agent. This involved the buyer positioning not only the purchase price but proof of funds. Whilst the management team were a preferred buyer, the vendors were price sensitive due to this being a key contributor to their retirement.
The profitability of the business meant that it had a great deal of interest from a range of buyers. The management team whilst having had a reasonable lead time on the auction had initiated the borrowing enquiries quite late in the process leaving only ten days to seek a concrete lending offer. The challenge therefore was to achieve a formal offer with a great APR and in a timely manner.
The combination of very healthy profit levels in the business and security from the management team meant that they were able to access two lenders who were keen to compete for the lending opportunity.
The management team wanted to have the longest payment terms possible in order to reduce the monthly impact on their cash flow. A ten year term with an amortising payment schedule was achieved (i.e. they made both repayment and interest payments). This enabled two outcomes for the business - firstly the future profits of the business could empower them to buy the business over a ten year period creating a valuable asset for the management team. Crucially though it also enabled them to be able to increase their own salaries so there was an immediate benefit to them on purchase.
Best of all these funds were secured at an APR of just 3.4% locked for ten years !
For more information on how we can help with a management buy-out, look here.
A ready to go platform for your firm
It’s business funding, simplified.
One point of contact for the entire application process: Capitalise.
Check out Marketplace
Our online training tool gives in depth insight around the funding market.
Learn how to talk to clients about funding and proactively identify when they could benefit from it.
Check out Learn
A complete service rollout programme for your firm. We create a 90 day plan that ensures you and your team get the proper training and support to launch a funding service line into your practice.
Check out Playbook
Build up your practice by adding funding advisory
Great for ad hoc referrals to help your clients find funding
Evolve your practice with funding support for clients
recommended
Do more than refer, build a service line around funding
Multi office, added security, co-branding and strategy advice
Our training team have a wealth of experience in accounting and finance. Accounting tech, banking, finance, we even have ex accountants in our training team. Your firm is in capable hands.
Supporting with your questions and anything funding related are our helpful Partnerships managers. They are your point of contact and know how to get things done.
No one knows how to get funded better than our Funding Specialists. With a wealth of knowledge of the changing lender requirements, they will do anything within their power to help with your application.