| BUSINESS TYPE: | SECONDARY MORTGAGE BROKER AND DEBT SOLUTION |
| LOCATION: | NATIONAL |
| TOTAL NEW INVESTMENT: | £360,000 |
This company, running two separate businesses, approached us towards the end of November 2006 looking for working capital due to the high amount of funding they had invested in their new IVA business.It soon became apparent that the company was actually in a far worse state than originally admitted. On top of the lack of funds and debts to both the crown and trade creditors, the FSA had served notice on two of the existing directors.It was decided that, after initially thinking of a possible CVA for the business, and having taken soundings from the FSA, that an Insolvency Practitioner should be introduced and the company should be placed into Administration.
Read More...| BUSINESS TYPE: | LEADING HORTICULTURAL BUYING GROUP |
| LOCATION: | SUSSEX |
| TOTAL NEW INVESTMENT: | £175,000 |
Our client developed serious financial difficulties in 2005 and to fully protect the business the directors successfully proposed a Company Voluntary Arrangement (CVA) in February 2006. However, it was clear by September 2006 that the company still needed additional capital to fully execute the recovery plan and the directors approached Beer & Young for urgent equity investment. "We were referred to Beer & Young because of their expertise in finding investment for businesses experiencing cash flow constraints. We had been through a very challenging period of financial re-structuring".
Read More...| BUSINESS TYPE: | MANUFACTURE AND SUPPLY OF TOUGHENED GLASS |
| LOCATION: | LIVERPOOL |
| NEW MONEY ON COMPLETION: | £135,000 |
When we were engaged, this company had been through an insolvency and restart, but was finding day to day cash flow difficult. It was a small family run business and the management needed help with improving and monitoring cash flow.
Read More...| BUSINESS TYPE: | HEALTH AND FITNESS CLUB |
| LOCATION: | SURREY |
| TOTAL NEW FINANCE: | PHASE 1 - £122,000
PHASE 2 – RESTRUCTURING SUCCESSFULLY COMPLETE |
Our client had been suddenly locked out of their premises by their landlord having failed to resolve a longstanding dispute. We acted for our client during the negotiations to ensure they re-opened in a matter of days. We also assisted them in raising new secured lending which was crucial in order to agree a settlement with the landlord.
Read More...| BUSINESS TYPE: | SUPPLIER OF AUDIOVISUAL EQUIPMENT AND SOLUTIONS |
| LOCATION: | WARRINGTON |
| RESTRUCTURING: | SUCCESSFULLY COMPLETED |
When we were engaged by this company the directors claimed that they had received conflicting advice. We assisted and advised the directors over a period of 18 months…
Read More...| BUSINESS TYPE: | INDEPENDENT SCHOOL |
| LOCATION: | SOUTH EAST ENGLAND |
| INVESTMENT ON COMPLETION: | £150,000 |
Our client owns and runs an Independent School catering for children between the ages of 2 ½ and 11 years old. The owner and Headmistress, having previously owned a highly respected and successful Nursery school nearby, was in the final stages of developing this school into an established Independent in the local area. However, whilst the running of the school from an educational viewpoint had always been successful, the finances had not been. When Beer & Young were approached, the business was at a critical stage. The very existence of the school was under serious threat, and without urgent rescue capital, it would have closed its doors at the end of the Winter Term 2007.
Read More...| BUSINESS TYPE: | MANUFACTURER OF STATIONERY PRODUCTS |
| LOCATION: | LONDON |
| RESTRUCTURING: | SUCCESSFULLY COMPLETED |
When we were engaged, the directors had already spoken to a firm of Insolvency Practitioners who were advising Administration and were in communication with the bank who were owed over £4 million.We were able to assist and support the directors through all aspects of the process and introduced a number of potential investors to support a buyout from Administration. We also successfully introduced the directors to a different Insolvency Practitioner, who was more economic and supportive. In the event a buyer introduced by the bank acquired the business with advanced 'rolled over' by the bank, however the directors have maintained an equity interest and continued directorial employment.
Read More...| BUSINESS TYPE: | E TAILER OF HOME PRODUCTS |
| LOCATION: | NATIONAL |
| RESTRUCTURING: | SUCCESSFULLY COMPLETED |
The directors approached us to find additional capital to support the business as a result of major website and search engine issues. This situation had a material impact on cash flow and consequently created 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. We assisted them in preparing the proposal and the documentation and the Company Voluntary Arrangement has now been accepted by creditors.
Read More...| BUSINESS TYPE: | DISTRIBUTION AND LOGISTICS COMPANY Phase 2 |
| LOCATION: | NORTHAMPTONSHIRE |
| RESTRUCTURING: | SUCCESSFULLY COMPLETED |
We were first engaged by the company in early 2006. The company had growing financial problems and needed additional finance or restructuring.After reviewing the finances and as a short term measure we proposed that a Company Voluntary Arrangement would make any investment proposition more attractive. This was approved and after a period of consolidation, we were asked to seek an investment partner. We introduced several interested parties however during the negotiations the company's finances deteriorated.
Read More...| BUSINESS TYPE: | POST PRODUCTION AUDIO ENGINEERS |
| LOCATION: | LONDON |
| REFINANCING (FIRST STAGE): | SUCCESSFULLY COMPLETED |
We engaged by this Company some two years ago and successfully assisted them to propose a Company Voluntary Arrangement to creditors. This has been successfully maintained by the Company. Through maintaining continuous contact with this client, they further engaged us to organise a refinancing of their sales ledger with a more supportive trade lender and releasing much needed capital.
Read More...| BUSINESS TYPE: | FIREPLACE RETAILER |
| LOCATION: | GUILDFORD |
| RESTRUCTURING: | SUCCESSFULLY COMPLETED |
The managing director and major shareholder engaged us because he faced major cash flow issues in this highly seasonal business. We reviewed the various options available to the company and they elected to propose a Company Voluntary Arrangement (CVA).
Read More...| BUSINESS TYPE: | SPECIALIST MOTOR SPORT ENGINEERS |
| LOCATION: | MIDDLESEX |
| RESTRUCTURING: | SUCCESSFULLY COMPLETED |
When our client engaged us, there were serious creditor pressures, including a winding up petition. We successfully negotiated with the major creditors, culminating in the approval of a Voluntary Arrangement that has allowed the business to continue in a managed way.
Read More...| BUSINESS TYPE: | RECRUITMENT COMPANY |
| LOCATION: | LONDON |
| TOTAL NEW INVESTMENT: | £100,000 AND RESTRUCTURING |
Our Client initially approached our sister company Beer & Partners looking for investment for future expansion. The company was quickly referred to Beer & Young as the stage of the business fit the B&Y profile.
Read More...| BUSINESS TYPE: | CASHLESS PARKING SYSTEM |
| LOCATION: | LONDON and NATIONWIDE |
| TOTAL NEW INVESTMENT: | FIRST PHASE RAISED CIRCA £200,000 |
From an introduction by HSBC we met with and were engaged by the Chairman of this company in 2006 to seek urgent investment. They have the rights, in perpetuity, to market a fully developed cashless parking brand in the UK and Eire and urgently needed investment to fund it’s development.
Although all the potential investors we have met in the course of seeking funding for this opportunity and everybody else we spoke to about this highly user friendly method of payment for both ‘on-street’ and ‘barrier’ parking loved the idea...
Read More...| BUSINESS TYPE: | UPMARKET CONSERVATORY INSTALLER |
| LOCATION: | BERKSHIRE |
| RESTRUCTURING: | SUCCESSFULLY COMPLETED |
The directors approached us because they were under significant cash flow and creditor pressure. The company, who had been providing UPVC installations, expanded into timber and were unprepared for the extended lead times that characterised the new product.
Read More...| BUSINESS TYPE: | INFORMATION STORAGE AND SERVICES PROVIDER |
| LOCATION: | THATCHAM, NEWBURY |
| RESTRUCTURING AND NEW INVESTMENT: | SUCCESSFULLY COMPLETED AND INVESTMENT ONGOING |
From an introduction through Lloyds TSB we met and were engaged by this client to seek the investment of working capital following the severe slippage of a large contract won as a result of their strategic alliance with a major telecoms supplier.
We immediately recommended that the company enter a CVA (Company Voluntary Arrangement) to give it some protection from it’s creditors who were threatening to wind the company up. The CVA was duly prepared by us and 100% support was received from the creditors for the arrangement...
Read More...| BUSINESS TYPE: | MAIL ORDER AND INTERNET GIFT CATALOGUE |
| LOCATION: | MODBURY, DEVON |
| RESTRUCTURING: | MANAGED CLOSURE |
This client was introduced to us by our associate company Beer & Partners Ltd due to the extremely urgent nature of the situation. Having been engaged by them Beer & Young Ltd quickly saw that events were overtaking the situation, due to the client seeking help with a CVA (Company Voluntary Arrangement) through his West Country based accountant. It quickly became clear that the IP (Insolvency Practitioner) appointed by the accountant was not taking sufficient account of our clients welfare, so we immediately were able to introduce our own IP who took control of the situation...
Read More...| BUSINESS TYPE: | UNIQUE CYCLE LIGHTING DEVICE |
| LOCATION: | SURREY |
| INVESTMENT ON COMPLETION: | £150,000 |
This client had developed an innovative product, but had exhausted the funds raised. Within days of engagement, we introduced offered to support the management through a new company, which would buy the IP through a 'pre-pack'.
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