Leonard Curtis has launched a new debt advisory service as part of its broadening business solutions offering – supporting clients with refinancing, borrowing, expansion and acquisition debt advice.
The launch comes as the Government acknowledges the UK is officially heading into recession with tax increases across the board and increased scrutiny for business owners on all aspects of running a business, including managing debt.
Renowned for restructuring and turnaround services, Leonard Curtis has recently formalised the Group into three distinct pillars – restructuring & insolvency, legal and funding – to create a unique multi-disciplinary proposition in the SME to mid-market space.
The funding offering now extends into debt advisory, as demand for the firm’s services increases with more businesses seeking advice in a challenging market.
Recent SME Finance Monitor research (to June 2022) shows evidence that many post pandemic SMEs are looking to the future and pursuing activity related to growth, including increased appetite for funding for business development.
Business confidence is markedly better than two years ago, says the research, and SMEs should still feel relatively positive in their prospects for acquiring external finance, as trust in the industry is high.
Even in ongoing testing trading conditions, the first half of 2022 has shown an increase in the proportion of SMEs that want to be significantly bigger and are prepared to borrow to grow, take considered risks, and be successful.
To support business owners with funding arrangements, debt advisory experts at Leonard Curtis will work alongside 200+ active lenders on behalf of clients, determining the optimum structure for every scenario, whilst reviewing existing borrowing facilities and how these can be tailored to future needs.
This expertise will be available nationally across the Leonard Curtis network of 21 UK and offshore locations, with a flexible fee structure to match the level of work required.
Head of Funding at Leonard Curtis, Gary Cain, commented: “Our team has a great deal of experience of structuring deals, in the complex debt market, through the economic cycle, and typically with debt levels of £2 million to £50 million”.
“We are very client focused and work on the structure that delivers the clients’ strategic goals. This service is vital in the current climate, and we are proud to be drawing on the full multi-disciplinary expertise of the Leonard Curtis group to provide practical solutions to support business owners.”