A certain uncertainty….


 

Feb 2018 | Simon Ward

Much has been made over recent months about the level of uncertainty surrounding UK plc. Whilst the Brexit mood music remains at best confused, the global economy continues to recover apace.

So what does all of this mean for the business owner or the ambitious manager? The answers are different for each but linked by a common thread that we at Springboard have seen time and again over the last 12-18 months.

For the business owner there has never been a better time to consider value realisation options. The UK remains a hugely attractive location for trade acquirors, true the devaluation of sterling has buoyed this, but there are more fundamental drivers at play. We have advised on deals with both German and Danish acquirors over recent months whilst the appetite from the US remains undimmed. The current capital tax environment remains the most benign it has been for years and all commentators are agreed it can only worsen over time (worsen is a total understatement if we see a change of government).

For the ambitious manager then funding is there to deliver an MBO. Private equity funding is as plentiful as it has ever been. PE houses are now regularly outbidding trade players whilst the buy and build strategies of PE businesses are no longer the exception but form the key element of most PE houses investment theses. For a manager these are exciting times. We are working with a number of management teams to help them deliver ambitious acquisition plans alongside their already fast growing core businesses.

So to that common thread – its ambition and drive. It’s a belief that the UK economy has faced headwinds of many and various types over recent years but has endured. Its also a recognition that business is about dealing with generational challenges such as the knowledge, economy and globalisation as much those local difficulties the politicians manufacture to try our patience. It is not about blindly carrying on and ignoring the world around you but for sure its recognising that standing still is not an option.


WHAT OUR CLIENTS SAY

"We spoke to a number of advisors before deciding to engage with Springboard. We felt that they had the required experience to look after us properly and were able to give us the personal attention we needed. We are delighted that the results vindicated our choice and would not hesitate to recommend their services."
David ShepheardIndecs Computer Services
"Springboard promised a partner led service and a professional sales process. They delivered on both counts, provided sound advice throughout the transaction and demonstrated considerable commitment to achieving a successful outcome."
Mike GallacherFirst Milk
"The sale of Portman was a complex transaction, Springboard provided excellent support to the institutional and management shareholders throughout the process. Their practical, partner led advice was invaluable in delivering a successful outcome."
Daryl CohenVision Capital
"Springboard provided us with outstanding support throughout the process of raising new investment. They showed great empathy with management and shareholders, yet were also tough enough on us all to drive us through the process. Their communication and negotiation style was outstanding."
Andy ReevesMuddy Boots Software
"We are indebted to Springboard for their professional and dedicated work in successfully bringing the two companies together. Their experience proved invaluable in addressing the complex negotiations whilst allowing the management team to focus on continuing to grow the business. I am in no doubt that Springboard saved us time and energy, reduced our stress, and worked tirelessly to achieve this outcome."
Brian McCluskieTollblend
"Springboard provided excellent technical support, leading us through the complexities of the deal and providing hands on pragmatic advice throughout. Their knowledge of the institutional buyer was invaluable in smoothing the way to a successful outcome. I would have no hesitation in recommending Springboard."
Simon DickinsonWorking on Wellbeing
“Springboard delivered exactly what they promised – a refinancing deal on our terms and in a timely manner. We are delighted with the outcome and would highly recommend Springboard."
Chris DavisDunlop Systems and Components
“The transaction would simply not have been possible without Springboard’s expertise and support over many months. They offered insightful advice every step of the way, from structuring a sensible offer, testing the deal logic, navigating the tricky parts of the negotiation and providing active guidance on fund-raising.  I am happy to give them a five-star recommendation.”
Rod Roberts-DearDearnleys and Pentel
“Springboard delivered a professional, partner led service.  They showed a detailed understanding of all aspects of the transaction and worked hard to ensure the expectations of Livingbridge and our fellow shareholders were exceeded.”
Louise KingstonLivingbridge
“We have worked with Springboard since completing the management buy-out in 2008.  They are highly reactive and have been instrumental in developing my business.  I see them as a trusted business partner and would have no hesitation in recommending them”
Chris KisbyEasy Autocentres