Early Stage Company - Financial Management and Finance Raising
Following an introduction from an invoice finance provider, CR Corporate Solutions commenced work with an early stage company involved in the manufacture and distribution of a range of environmentally friendly products. All of the company's products are non-toxic, non-carcinogenic, readily biodegradable and derived from renewable resources, exceeding all of the European Union REACH regulations. As a result of this the company expects significant growth, during the next twelve months in particular, from its blue chip client base.
CR Corporate Solutions was introduced to perform the following:
- ensuring the company's financial administration was appropriate for a high growth company with external finance providers, including overseeing the installation and implementation of Sage software and transfer of data from Excel spreadsheets (which was done by a CR Corporate Solutions "Partner")
- finance raising exercise, including the preparation of financial projections and narrative, and subsequent negotiations with potential finance providers
- a part-time Finance Director role, overseeing the Finance Department and management reporting on an ongoing basis
The company is also expected to explore exit opportunities within a short timescale and CR Corporate Solutions has been retained to oversee discussions and negotiations with potential acquirers.
To be continued...
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