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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. Although we had successfully proposed a Company Voluntary Arrangement (CVA) we still urgently required investment for working capital in order to fully deliver our business/recovery plan.

Beer & Young quickly introduced a number of potential investors and after a short timescale we concluded a new investment package. This has re-energised the business and significantly improved the prospects for the company for the future.'

JA, Managing Director




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