KEY NEW APPOINTMENT AT RYECROFT GLENTON
KEY NEW APPOINTMENT AT RYECROFT GLENTON
Experienced corporate financier, Carl Swansbury, joins chartered accountants and business advisors Ryecroft Glenton this month to develop the firms corporate finance lead advisory service line.
Carl has an impressive track record for deal-making across the country. After qualifying as one of the UKs youngest chartered accountants at PricewaterhouseCoopers in Newcastle he joined RSM Tenon, moving from the north east to join the firms corporate finance business in Nottingham. Whilst there he specialised in advising staffing, recruitment and training businesses on all aspects of corporate finance, from preparing a business for sale, making a strategic acquisition, raising funds for growth, to completing management buy outs.
Carl is returning to the north east to take up a newly created role at Ryecroft Glenton, working with the regions entrepreneurs and privately-owned businesses.
Carls lead advisory role in corporate finance plays to his strengths and to Ryecroft Glentons depth of in-house expertise and experience. He will identify targeted opportunities or purchasers, often off-market, for clients looking to acquire or sell recruitment and staffing companies, and proactively engineer transactions, taking clients through each stage of the transaction process from board strategy to completion.
He said: I like to get to know my clients and their businesses much sooner than many other corporate financiers to help them achieve their corporate and personal objectives. I work with many growing staffing businesses that are not yet at a transactional stage, helping them grow and prepare their business for exit whilst also helping them to identify and document a clear strategy. For vendors and buyers my role is to fully understand their personal and business aspirations and to ensure they maximise the capital value they create within and ultimately extract from their business.
Ryecroft Glenton is one of the north easts longest established and largest firms of chartered accountants and business advisors. Carl Swansbury will develop the corporate finance lead advisory service line and will work alongside corporate finance transaction services partner Grahame Maughan, tax planning partner Tim Mallon and Peter Glenton, a qualified non practising corporate lawyer and chartered accountant when advising on corporate transactions.
Carl has advised on the completion of a number of high profile transactions within the recruitment sector including the sale of Ethos Recruitment Limited to Staffline Group Plc. He worked with the shareholders of Ethos Recruitment Limited for a number of months to prepare the business for sale, and identify Staffline Group Plc, a 210 million turnover AIM listed staffing business, as a potential buyer because of the strategic fit of the two businesses.
Carl also headed the team advising Advantage Technical, then a 110m turnover technical and engineering contracting business in its acquisition of Atlan Resourcing. Given Carls pedigree in advising businesses in the staffing and recruitment space he was able to find a number of off market acquisition targets, which were not proactively marketing to sell for Advantage to consider. As a result he achieved a successful transaction and Advantage Technical acquired Atlan, which saw Advantage Technicals turnover increase by around 30% overnight.
Chris Robson, Ryecroft Glentons managing partner, is delighted to welcome Carl to the firm. He said: Carls expertise, enthusiasm and drive take our corporate finance offering to a new level. He has the experience, the track record and the collaborative approach which will undoubtedly lead to new business and valuable opportunities for clients and for our firm.
Carl is equally enthusiastic about joining Ryecroft Glenton. He said: This firm has a substantial pedigree, and its people are of outstanding quality. Its strong reputation undoubtedly affected my decision to join the firm, and being given the chance to grow the firms corporate finance service line is very exciting indeed.