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Ryecroft Glenton Celebrates A Great first Year

Ryecroft Glenton Celebrates A Great first Year

Ryecroft Glenton Corporate Finance (RGCF) has announced year-end results which are significantly ahead of expectations for its first complete year of business.

The corporate finance division of Newcastle-based Ryecroft Glenton Chartered Accountants was formally established following the appointment of Carl Swansbury as director of RGCF in May 2011.

The RGCF team has completed a number of transactions in the last 12 months despite slow, difficult trading and market conditions across the UK. Carl Swansbury is delighted with the results of the past 12 months and says RGCF has many more transactions in the pipeline, which will conclude in the coming months.

He said: “This has been a fantastic first year for us, and I’m delighted we’ve successfully completed a number of acquisitions, disposals and MBOs for businesses across the country, helping their owners and directors deliver their personal and business aspirations.

“When I joined the firm the market for transactions was challenging. Deals weren’t being completed as before: but we knew we could help companies contemplating acquisitions or sales, and we’ve worked hard to make these transactions happen, with great results for each of our clients and the firm.”

In the last 12 months RGCF& lsquo;s completed transactions have included advising international IT consultancy firm, E-Resourcing Limited on the acquisition of Williams McKinley Limited. RGCF has also advised on the sale of Wild Recruitment Limited to the national consolidator, Berry Recruitment Limited and on the sale of Willsco Limited to Boardwalk Investments Limited.

Despite funding being a real challenge in today’s market, RGCF has also successfully helped a number of clients, including E-Resourcing Limited, to secure the funding and bank facilities needed to fund acquisitions and the future development of their businesses.

Chris Robson, managing partner of Ryecroft Glenton, is delighted with the excellent results from the firm’s corporate finance team. He said: “Carl’s ability to convert potential transactions into completed deals with the best possible results for clients is remarkable. His exceptional approach has produced great results for our firm and for each of the clients we have advised.

“Carl has carved an impressive track record for delivering results to the highest possible standards, and this complements the approach our partners and staff take to providing advice to clients across all of our service lines. We look forward to another busy and productive year.”

Ryecroft Glenton is investing in its corporate finance business by appointing Abu Ali, a chartered accountant, who joined the firm as a corporate finance senior on 1 May.

Carl Swansbury said: “Abu has a great attitude and focus, and will be a great addition to our team in what will be a very busy year for RGCF. We already benefit from the first-rate skills of Ryecroft Glenton partners in areas including tax planning and due diligence, and Abu’s commitment to corporate finance activity will strengthen our transaction support team significantly.”

Abu Ali said: “Being given the chance to grow Ryecroft Glenton’s corporate finance service line is very exciting indeed. The reputation of the firm, and the success achieved by RGCF were the key reasons behind my decision to join the firm.”

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