New Capital: £200,000
At Beer & Young we like to save as much of the business as is practical by carefully choosing the process we feel is most appropriate and then implementing it effectively.
The client is a boutique architectural/ design services company which coordinates and administers architectural and design modalities for high-end commercial developments. Their business model is innovative in the sense of providing the ‘point-one-stop-shop’ organization for major projects, something not really developed in the commercial architecture sector, and because of this they have locked undertakings to utilize their services – which will include repeat business.
The company had 6 major projects on the verge of contract completion, also with continued marketing for a secondary pipeline at the mid-stage of the sales cycle.
However, after a difficult two years for the economy the owner had injected £360,000 of his own cash to fund the activities of the business since January 2009. But, with the finish line so close you can touch it, his reserves were running low and the company required a cash injection.
Beer & Young acted quickly and within ten days had organised two quality investor meetings and whilst we had further interest one of the two investors quickly offered a level of funding that was exactly what our client required. After a speedy due diligence exercise our investor put in £200,000 of working capital.