Ryecroft Glenton Corporate Finance (RGCF) has experienced its most successful summer period for transactions, which is a direct consequence of both the improving economic conditions and the firm’s innovative approach to providing clients with value enhancing strategic advice.
In the period May to September 2015, RGCF advised more than 30 businesses from across a variety of sectors on all aspects of growth and transformation. RGCF was engaged by some of these clients to carry out a strategic review which resulted in RGCF making key recommendations to enable these clients to enhance the value of their businesses.
By identifying weaknesses within a business, RGCF works alongside shareholders to implement RGCF’s recommendations for change and improvement, with the objective to significantly improve equity value.
Recruitment specialist, Selection Group Ltd and haulage company Revis Transport Ltd, were both beneficiaries of RGCF’s strategic advice, which resulted this summer in RGCF advising the shareholders of Selection Group on the sale of the business and advising Revis Transport on their acquisition of a competitor, Spandler Bros.
Selection Group, run by Newcastle-based entrepreneur John Lumb, was acquired by SF Group in September and York-based Revis Transport purchased Spandler Bros, located in Great Yarmouth, in July, to enable the business to expand its geographical reach.
Also in September, RGCF supported the continued growth of Northumberland agricultural merchant, Green (Agriculture) Co, by facilitating its acquisition by Carrs Billington Agriculture. Green (Agriculture) Co engaged RGCF to identify potential purchasers with complementary operations that would add value and support the future development of the business.
RGCF is currently advising on a number of transactions for businesses based outside of the North of England and in May RGCF advised on the sale of Milton Keynes-based independent staffing business, Smart Moves Recruitment Limited, to global staffing business, Antal International Limited.
RGCF was Joint 4th in the NE Experian League Tables published in early October, based on the number of deals done in the 9 months ended 30 September 2015.
Carl Swansbury, Partner at Ryecroft Glenton Corporate Finance, said: “Traditionally, summer is a quiet time in Corporate Finance, but that has not been the case this year.
“Rather than waiting until after the summer, RGCF clients that wanted to maximise the upturn in the economy used these months very effectively so they could hit the ground running when the business cycle enters the conventionally busy autumn/winter period.
“We are supporting a growing number of businesses by the provision of strategic advice. Through our strategic reviews we are helping clients prepare better for the future and enhance the equity value of their businesses, whether that be over the short, medium or longer term.”
Carl added: “We are very proud of how we have been able to assist the North East and national businesses we have advised and worked alongside over recent months, delivering tangible results which have highlighted our position in the market as a results-focused, corporate finance firm.”v