| BUSINESS TYPE: | LED ADVERTISING SCREENS |
| LOCATION: | KENT |
| TOTAL NEW INVESTMENT: | £200,000 |
Our client had been developing a unique 360 degree LED Advertising Display Can over a three year period. They had generated a strong pipeline order book but urgently needed additional capital. The funding requirement included capital expenditure to fully refine the product and working capital during the final testing period. We introduced an investor with an established engineering business who invested the necessary capital and resources to complete the product development. Many of the supply chain issues confronting the business were also solved with the input of the investor.
Read More...| BUSINESS TYPE: | MANUFACTURING SPECIALIST FINISHING BUSINESS |
| LOCATION: | SURREY |
| TOTAL NEW INVESTMENT: | CIRCA £100,000 |
This specialist finishing business had been established for over 50 years and was a significant local employer. They had suffered a period of trading administration and we were engaged to find additional investment shortly after the directors had raised funds to purchase the assets of the business. As well as introducing new capital to the business it was important for a 'hands on' approach from the investor to help restore credibility in the market place generally. This was achieved and the business now has a much stronger platform from which to further re-build."We received immediate professional advice and support from the team at Beer & Young.
Read More...| BUSINESS TYPE: | FILM AND TELEVISION COSTUMES AND SERVICES |
| LOCATION: | LONDON |
| TOTAL NEW INVESTMENT: | ONGOING |
This company approached us as it had significant cash flow problems, including arrears of PAYE and VAT. The company also had problems with its landlords and needed an urgent solution to survive. Before introducing investment, we recommended that the company propose a Company Voluntary Arrangement to its creditors.
Read More...| BUSINESS TYPE: | ESTATE AGENCY GROUP BASED IN EASTERN ENGLAND |
| LOCATION: | LINCOLNSHIRE |
| RESTRUCTURING: | SUCCESSFULLY COMPLETED |
Beer & Young were approached by the owner. He had recently acquired the shares in the company, but with significant liabilities which the business was unable to satisfy. The company had been trading from an Insolvent position and was being threatened with closure by both the principal bankers and the Crown. We made arrangements that resolved the position with the Crown, satisfied the bank and we introduced potential investors, though terms were ultimately not agreed. Some months later, following further pressure from the bank, the director approached us for assistance.
Read More...| BUSINESS TYPE: | MEDIA VENTURE CAPITAL TRUST |
| LOCATION: | LONDON |
| TOTAL NEW INVESTMENT: | £40,000 |
This new specialist media VCT approached us to raise additional funds a few weeks before the end of the 2006 tax year. They had been referred to us by an existing client. We were delighted to have been able to go to our investors on an urgent basis and raise an undisclosed sum in less than 21 days from the date of formal engagement.
Read More...| BUSINESS TYPE: | DISTRIBUTION AND LOGISTICS COMPANY |
| LOCATION: | NORTHAMPTONSHIRE |
| REFINANCING COMPLETED: | £750,000 |
The director of this company approached us as the company's main bankers, Bank of Scotland Invoice Discounting (HBOS), were about to foreclose. The company had also built up a significant level of liabilities and was having difficulty meeting day to day commitments.We introduced the company to new trade finance partner who fully repaid HBOS and the facility is now working satisfactorily. To deal with the creditors, we assisted the director with a proposal for a Company Voluntary Arrangement which was approved by the creditors.This has enabled the company to consolidate its position so that we can introduce additional equity on terms acceptable to the director and shareholder.
Read More...| BUSINESS TYPE: | BESPOKE SOFTWARE COMPANY |
Our client came to us as a 13-yr old business operating in and around the Publishing Sector. The business provides bespoke software for data management and its publication. It has a small blue chip customer base with long term contracts, but suffered from an inability to grow, which resulted in cashflow problems. Several reasons can be determined for this issue; one of the key ones was the complex share structure that made it difficult to raise new equity and did not reward the key entrepreneur and Managing Director.We sought funding but found terms difficult to negotiate.
Read More...| BUSINESS TYPE: | FILM AND TV EDITING EQUIPMENT COMPANY |
| LOCATION: | CAMBRIDGESHIRE |
| RESTRUCTURING: | SUCCESSFULLY COMPLETED |
The directors approached us to find additional capital to support their business following considerable delays in the development of a new product. This delay had had a material impact on cash flow with the result there was a build up in debt and significant pressure for repayment.We recommended that the directors propose a Company Voluntary Arrangement to the company's creditors, and given the particular level of pressure, and a moratorium in support of the proposal. We assisted them with preparing the proposal and the documentation to support the moratorium, which has now been accepted by creditors.
Read More...| BUSINESS TYPE: | SPECIALIST SOLUTION SOFTWARE COMPANY |
| LOCATION: | HOME COUNTIES |
| TOTAL NEW INVESTMENT: | £185,000 |
"We are registered Beer Group investors interested in turnaround opportunities and were introduced to the business by direct contact from Beer & Young. The client engaged the services of Beer & Young because they were experiencing significant financial pressures. The business had developed a software program with considerable commercial prospects but it did not have access to the necessary funding to fully exploit its potential. We worked closely with Beer & Young, the management team, and other professionals, to conclude a deal structure that best suited and maintained the interests of the main parties.We are delighted that the negotiations were successful and we look forward to continuing to develop the business in the future.
Read More...| BUSINESS TYPE: | HIGH INTEGRITY STEEL CASTING FOUNDRY |
| LOCATION: | SOUTH YORKSHIRE |
| RESTRUCTURING: | SUCCESSFULLY COMPLETED |
Our client was set up in 1980 to provide steel castings for the mining industry. With the decline of the mining industry they graduated to be a leading producer of high integrity steel castings, employing some 150 staff and with an annual turnover of £12 million.A rapid expansion plan in 2001 led to a price driven decline in gross margins and consequently the company incurred substantial losses. As a result of creditor pressure and a significant bad debt, the directors were advised their only option was to call in the administrators, putting at risk the jobs and the business.Beer & Young advised that a Company Voluntary Arrangement was the right solution and now over 100 jobs are saved and the company's finances on an even keel.
Read More...| BUSINESS TYPE: | PERSONAL EMERGENCY AID SYSTEM |
| LOCATION: | SOUTH EAST ENGLAND |
| TOTAL NEW INVESTMENT: | CIRCA £30,000 (SECOND ROUND FORECAST AT MIN. £500,000) |
Our client has developed an early stage opportunity within the personal emergency/security market. The opportunity has global potential, however, the company required equity investment to help secure their intellectual property rights and further develop the web based offering of the business. They also needed additional skills within the management team.We have successfully introduced two new investors to the business.
Read More...| BUSINESS TYPE: | WEB BASED VENUE DIRECTORY FOR MEETING PLANNERS |
| LOCATION: | KENT |
| REFINANCING: | £720,000 |
Our client was referred to us by their bankers. The company had not been profitable for over 12 months and the 'business support' unit of the bank was closely monitoring the account. The need for financial re-structuring, as well as investment, was required by the bank and we were also engaged by the client to assist in this area. Our excellent relationships with a number of lenders and brokers were a key factor in helping the client to complete the necessary financial re-structuring. As a result the bank was very pleased to significantly reduce their exposure.We also introduced new investors to the business and a strategic investment has now been successfully completed.
Read More...| BUSINESS TYPE: | COMMERCIAL BIN CLEANING BUSINESS |
| LOCATION: | KENT |
| TOTAL NEW INVESTMENT: | CIRCA £130,000 |
Our client had been through a period of insolvency in 2003 following rapid growth and effectively 'overtrading'. The business remained operational and predominately offered a commercial bin cleaning service to businesses. The client had ambitious plans to develop a fully automated solution for the market, however, needed help with preparing a full business plan and the financial backing of a business angel. Within a very short timescale after engagement we had completed the business plan and successfully introduced an investor to the business. "I was referred to Beer & Young by my accountant because I needed to develop my business with the financial backing of an angel investor. I had been through a period of insolvency in 2003 and raising finance was not possible via the traditional routes.
Read More...| BUSINESS TYPE: | CHILDRENS PLAY CENTRE |
| LOCATION: | OXFORDSHIRE |
| RESTRUCTURING: | SUCCESSFULLY COMPLETED |
This company operated a newly created Children's play centre in Oxfordshire. There had been a significant overspend and delays on the development of the centre which resulted in cash flow difficulties and increasing pressure from creditors. B & Y recommended and arranged for a Company Voluntary Arrangement that addressed the immediate problems and allowed the directors to introduce a new partner from their locality.
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