Happy 3rd Birthday CR Corporate Solutions 1 February 2013

1st February 2013 marks the "official" 3rd birthday of CR Corporate Solutions.

Over the course of the last year, very little appears to have changed – cash remains tight, there is significant media commentary regarding "another" recession and a lot of uncertainty prevails throughout the business community. However, it is not all "doom and gloom". There are indications that confidence is increasing, at least in certain areas, and that many of the banks are actively targeting new business and are "loosening the purse strings". There is also a substantial amount of investment finance available for good opportunities – well run companies with strong management teams delivering well thought out strategies.

Despite this, retaining existing finance and securing new finance is not easy. The process takes longer, more information is required and the finance providers are performing more stringent due diligence – both informally and on a formal basis. This is as we should expect and in the long term should be beneficial for both companies and their finance providers.

On a positive note, during the last ten days of January, we secured on behalf of our clients two approvals for additional loan finance, a restructuring of existing facilities for another, as well as increased equity investment for two clients in the first half of the month.

During the last six months, we have rebalanced our client portfolio following the completion of a role that was occupying more and more of our time. As a result of this, we have been able to accept ongoing roles with four new clients where we provide part-time Finance Director and Non Executive Director support. In all of these situations there has also been a finance raising role, and that is expected to continue with all of them as they are targeting significant growth.

We remain keen to engage with "companies with challenges" – positive challenges where companies are growing and require additional finance alongside commercial and financial expertise, and negative challenges where the company is stressed and has financial strain and pressure from finance providers.

Caroline and I would like to thank everyone who has thought of us, referred work to us, invited us to events and functions, and worked with us during the last year.

All of our work comes from referrals and this is something that we never take for granted. We believe in providing a "commercial, focused and flexible" approach to our clients and their Financial Stakeholders, and hope that we have delivered that, and more, during the last year.

Thank you to everyone for all of your continued help and support.

Craig and Caroline

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