News

February 2012

Nick Young of Beer & Young invited to event at 10 Downing Street

On the 10th February 2012, Nick Young was cordially invited to attend a Business Angel Breakfast Event at 10 Downing Street hosted by Lord Young of Graffham (Enterprise Adviser to the Prime Minister) and of course, the Rt Hon Mr. David Cameron MP

Business angels play an increasingly important role in financing small businesses and offering struggling companies their skills and expertise to aid in future growth and development. The Government have recognised the potential in the industry and as such have made it a priority to stimulate an active and supportive market for angel investment.

The purpose of the meeting was to discuss the Government’s commitment to supporting Business Angels through helping to raise awareness as well as finding out what more can be done to promote and improve the conditions for SME’s to flourish.

The Prime Minister opened with a ten minute speech; this was followed by a number of successful investors and entrepreneurs who were invited to tell their experiences of Business Angel Funding. Other key speakers included The Rt Hon David Willets (MP) and Lord Young of Graffham.

This was then followed by an open panel session where the relationship between early stage Business Angel funding, the tax regime surrounding the market and governments plans to further encourage the UK Business Angel market were discussed. We were also given the opportunity to share views affecting the Angel sector.

Other attendees include Peter Jones and Doug Richards from Dragon’s Den.

Nick comments that not only was it a fascinating experience to see the workings of Number 10, but it also offered an up to date insight into how our government intend to promote and develop the Business Angel market in the coming years.

January 2012

Private Investor Injects Cash Into Struggling Business

Although it’s January and cold outside the immediate future is no longer bleak for the supplier of cookers and horticultural equipment company we were recently engaged to raise funds for.

Beer & Young specialise in raising capital urgently for SME’s requiring our help. We have an unrivaled network of private investors looking to invest funds, taking the stress off you and enabling your company to focus on the more important things like growth and future profits.

Our client’s business has a history that extends to over 100 years with its origins in ironmongery and latterly as a retailer to the local agricultural community. It now specialises in sales of the leading brands of cookers and stoves, and a full range of horticultural equipment.

Turnover has been steady at around £1.8 million for several years, but increased costs & other internal factors have resulted in losses in the last two years. Cashflow and creditor pressures have built up, particularly with HMRC.

Beer & Young were introduced to locate urgent funding and look to negotiate terms with the Crown over their historic debt. We moved into action and swiftly generated a good level of interest. One investor stood out amongst the rest, met with our client and offered terms almost straight away. A loan by the investor was put in place to provide urgent working capital to be followed by a longer term investment to allow the company to re-build its former position as a solid profitable business.

Our client is delighted with this outcome; without which he would have had to shut the doors of the business for good.

Our client can now look forward with renewed optimism and is already seeing signs of recovery in his order book.

We wish both client and investor well for the future.