Clearwater Corporate Finance has launched a new service to support clients struggling in the current economic conditions.
Called Accelerate, it provides a high speed advisory service for acquisitions and disposals along with refinancing and restructuring advice.
The service is “ideal for businesses which are facing financial problems or have suffered an unexpected blip and require rapid action to stabilise their position” Clearwater said.
Phil Burns, partner with Clearwater, said that while a downturn has been on the cards for some time, the speed of it will have caught many companies off guard.
“Many fundamentally sound businesses will have become over exposed in recent months as a result of the fast and steep decline in certain markets.
“For the last few years debt has been cheap and over supplied, but this tap has been turned off quickly by the banks. At the same time the sharp fall in property and business values will leave many businesses in a fix just as customer spending starts to fall.”
Clearwater said the businesses most likely to require the Accelerate service will have high borrowings. These could be private equity-owned businesses or those that have leveraged substantial property assets and will now be over geared and need to do something about it. “We have re-engineered our core M&A and financing services to deliver solutions in days and weeks rather than months and years,” Mr Burns said.
“Accelerate is all about rapid delivery. Achieving a swift sale requires excellent contacts with buyers which clients can be assured of as 25 per cent of Clearwater’s team are in research and origination.
“Equally, there are still funders out there with capital to invest, they are just harder to find. Our expertise is being able to match our clients’ needs rapidly with those who we know are still in the market for providing finance.
“In difficult situations clients need someone with the right contacts and an experienced head to manage a process in the right way to balance speed and results. Judgement calls like these will be business critical so our partner-led service is ideal.
“Deal teams with strength in depth is also important as sometimes we will need to double and treble up on resources to get the work done.
“The traditional home for this advice has typically been the realm of the insolvency and recovery teams within the accounting firms. I would hope businesses would rather talk to Clearwaterhowever, as we are only interested in value creation and business survival rather than receiverships and administrations.”
Mr Burns went on to claim: “If you are considering a sale of the whole or a part of your business, or looking for new bank or investor funding then Clearwater’s extensive experience of middle market businesses can help you through these difficult times. The Accelerate service will ensure action is taken before it’s too late.”