Corporate Finance

Our Corporate Finance partners provide professional assistance and advice on a broad range of issues including business acquisition and disposals, fundraising and refinancing.  Our partners have considerable experience in dealing with debt and equity providers.

Our range of Corporate Finance services include:

  • Fund raising – debt, equity or mezzanine finance, where appropriate
  • Due diligence for potential acquisitions or as part of a vendor due diligence exercise
  • Business valuations
  • Heads of Terms and Sale and Purchase Agreement. In particular accounting and taxation warranties and indemnities including “earn-out”/deferred consideration.
  • Mergers, acquisitions and disposals.
  • MBOs / MBIs
  • Cash flow forecasting
  • Transaction taxes; structuring a deal in order to minimise tax liabilities
  • Post-deal integration and support

A partner will always lead a transaction to ensure that clients are provided with the highest level of technical expertise and commercial experience to meet their objectives and maximise their potential.

Corporate Finance Partners

John Fairhurst
jbf@fairhurstaccountants.com

Peter Cheetham
pjc@fairhurstaccountants.com

Gary Edgerton
gae@fairhurstaccountants.com

Stephen Elliott
sme@fairhurstaccountants.com

Case Studies

Watson Moore and Axon Resourcing Merge

Fairhurst client Watson Moore and Axon Resourcing have merged to create a national financial recruitment business with a combined turnover of £13.5m.

The newly enlarged business, which also posted earnings before interest, taxes, depreciation and amortisation (EBITDA) of £1.1m in 2014, also reported that turnover and EBITDA have risen by a further 20 per cent in the first half of 2015.

The Axon Moore Group now has a team of 57 members of staff with offices in the North, Midlands and London.

The Group will be led by David Moore as Executive Chairman and Andrew Edwards as Managing Director. Virginia Mellers will be Operations Director and Derrick Watson will spearhead the newly formed national CFO practice.

David Moore commented: “This is the right time to grow a people centered specialist recruitment business that puts customer service at the heart of its strategy.”

John Fairhurst and Patrick Morris of Fairhurst Accountants provided financial and tax advice to Watson Moore as well as undertaking Financial Due Diligence liaising with Lloyds Bank and Hill Dickinson, Solicitors.

 

Expac (Preston) Ltd

Expac had a clear expansion plan and strategy to exploit new opportunities within the household, health, beauty and toiletry sectors. In order to maximise the expansion plan Expac required relocation to new, larger premises. The company faced problems financing the move, with no one funder offering all of the capital required. Fairhurst helped Expac produce a detailed business plan that ensured the company was able to secure an EFG Loan from the companiesʼ bankers with additional funding provided by Fairhurst business associates within North West Business Loans. The company has now successfully completed the move to new premises and is reaping the rewards with increased efficiencies and a growing order book.

“Since my father founded the company over 30 years ago, Expac has grown by identifying opportunities in new markets and working with household names to manufacture well-known products. The funding secured, with the help of Gary Edgerton, will help us to continue this tradition. Expacʼs relocation plans were a major step in the companyʼs development and clearly required a particular type of funding without which we wouldnʼt have been able to take advantage of the opportunities currently open to us in the market place.”

Mark Langtee; Director