Elsby & Co promises to be the only accountancy practice its clients will ever need and over the past year it has introduced a range of new resources to extend its offering far beyond the traditional compliance service provided by most accountancy firms.
One of the business’ newest elements is Elsby Corporate Finance which in the past six months has helped clients with acquisitions, succession planning, corporate and commercial finance, business sales and valuations, strategic planning and corporate development.
The team is headed by David Howard, a business broker with more than 10 years of experience, who has a proven track record of delivering acquisitions, disposals and finance to support clients along their journey.
David said: “Most of our business is around small to medium enterprises but whether you’re a sole trader or a small corporate enterprise with a turnover of around £20m we have services that can help. Over the past six months we’ve worked on various projects, including a management buyout for a £1.5m business with 15 employees.”
“We’ve made it feasible for the management to finance an acquisition that will allow them to take the company forward and enable the current owner to retire with a sizeable amount of capital for all his endeavours. It’s given the owner the guarantee that his team will have ongoing employment and his customers will continue to receive the same support that he’s given them for 30 years.”
“Helping clients to plan ahead for their retirement or succession is one of the most important services we offer. We help company owners to understand how to maximise their business’ value, what options they have and how to create an enduring legacy for clients and staff.”
David has also recently worked with an HR firm on its buy, build and then sell strategy. This took the organisation through a series of acquisitions which transformed it from a company with three employees and a turnover of £500,000 to a business with a £5m turnover which then sold for more than £7m.
David explained: “Acquisitions can bring new staff, new products, new services and new opportunities to existing businesses and, generally, finance is quite easily available. It’s a route people should consider more often when they’re trying to find growth in a business and we can help them with this.”
Elsby Corporate Finance is supported by more than 50 accountants and client managers at Elsby & Co. David added: “By introducing extra services liked our corporate finance offering, Elsby & Co has become a single point of contact for an expert team with a wide range of specialisms. “Whatever our clients need help with we have the expertise to support them.”
Read more about Elsby Corporate Finance here – Corporate Finance Northampton | Elsby & Co (elsbyandco.co.uk)
Get in touch with Elsby Corporate Finance – david.howard@elsbycf.co.uk
This is an abridged version of the Elsby article featured in the Business Times – New corporate finance desk boosts accountancy firm’s offering – Business Times (business-times.co.uk)