- D B

“We approached KBS to discuss the possibility of selling or saving our company. We were a successful electrical contracting group that had grown exponentially but were struggling after our Bank withdrew facilities at a point of our growth that put us in a financially difficult position. They valued our company by analysing our last three years' accounts and advised us of the potential opportunities for selling our group. The company was originally my father’s and I took over the reins eight years ago, I had an equal partner who was effectively my bookkeeper. After many discussions, we agreed to instruct them as sole agents, and after five months they found us an interested party in Saudi Arabia. They negotiated the initial meeting and handled the financial negotiations. To cut a long story short, their client agreed to buy out my retiring age partner and inject sufficient funds for us to continue our growth. One year on, the company increased its turnover from £8 million to £14m per annum, and my new partner has brought his expertise to the group moving forward. ”

For more information on - D B talk to Kensington Business Solutions