, London Uk (PressExposure) October 18, 2011 -- We are delighted to announce that Beer & Young have won the 'Business Rescue Funder of the Year' award for the second year running. The Insolvency & Rescue Awards is the biggest annual event in the turnaround industry. 550 people attended the gala, hosted at London's Lancaster Hotel. Entertainment was provided by comedian Stephen K Amos who enlivened proceedings with a great set prior to the winners' announcements.
The first half of 2011 has been a challenging one for many involved in the SME community. Small businesses are struggling to generate good cash flow and finding it very hard to access new capital from their banks. We see many business owners who are behind with payments to HMRC, most recently corporation tax bills, and finding a less than sympathetic ear from the tax collectors. Paradoxically, we have an ever increasing network of private investors who are seeking the right opportunities to invest capital. The vast majority of these individuals are self-made entrepreneurs who have exited their core business and have an appetite for backing established trading businesses who have a need for capital.
We're finding ourselves able to generate significant investor interest for almost all of our clients; holding meetings between clients and investors often within days of being taken on. Over two thirds of our clients receive offers of funding, which is a testament to the quality of our investor network. The tricky bit, of course, is managing expectations on both sides. Agreeing terms, valuations, keeping DD to an appropriate level, not allowing time to drift and maintaining deal momentum are all obstacles that need careful management. We're always keen to talk with business owners who have a need for capital and are comfortable with an equity funding solution. Please don't hesitate to contact myself or a colleague at any time.
Nick Young commented; "Winning the key Business Rescue Funder award two years on the bounce is great news and testament to the quality of the entire team at Beer & Young. I am grateful for their efforts and look forward to continuing this excellent work through 2012."