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 Corporate finance

Providing the full spectrum of lead advisory and transaction support services you would expect from one of the UKs leading independent corporate finance advisers, we act for clients ranging from mid-sized quoted companies and large private enterprises to smaller owner managed businesses, both in the UK and overseas.

Our team of dedicated corporate finance professionals is passionate about working with forward thinking individuals and providing them with the independent advice needed throughout the equity lifecycle. Specialist sector knowledge also allows us to deliver key commercial insights which may not be readily available elsewhere.  The team is headed by a specialist division in London although we also offer local knowledge and advice from our network of UK offices, as well as utilizing our colleagues from First Accountant International to provide expertise on complex cross-border issues.

Financial modelling

We recognize that the outputs of financial models are relied upon to make critical business decisions, whether its to assess a corporate transaction, for strategic planning or operational change.

Our experienced team build robust, transparent financial models covering all circumstances and across a wide range of sectors. Our approach is to start with a clear understanding of the situation and design a bespoke model using proven methodologies and techniques. The advantages of our models include creating outputs and usability that are designed specifically for the user, as well as providing the flexibility of assumptions to perform sensitivity analysis.

Our financial modelling specialists develop solutions that not only meet immediate requirements but also deliver lasting value with many clients using them post transaction for the management and monitoring of their business.

Financial due diligence

Financial due diligence is a critical aspect of transaction planning as it can affect the purchase price for a business or even the decision whether to proceed. Our due diligence approach is to provide peace of mind by identifying all the critical factors for which an informed decision can then be made.

Our experienced professionals undertake a tailored approach and focus on key risk areas to provide pragmatic and commercial insights to ensure the investment rationale is robust and the difficult questions can be answered. We rely on the expertise of our colleagues to cover specialist areas such as tax and pensions, as well as using sector experts to provide the necessary commercial assessments.

Our assignments are closely led by partners and directors to ensure any key issues are identified at an early stage and no surprises are delivered at the end of the process.

We regularly provide advice on the associated legal documentation, including warranties and indemnities, the definitions of working capital and net debt, as well as identifying the most appropriate completion mechanisms.

Capital markets

Becoming a public company is a major step in the development of a private company, it can provide capital for growth, create a market for its shares, enhance the profile and credibility of the business, and ultimately provide an exit strategy for its owners.

There are several stages to a successful outcome, and our experienced professionals provide hands-on support to management and financial advisers throughout the IPO process. There are three key UK markets available to meet the differing requirements of companies; the Main Market (both Primary and Standard Listings), AIM and ISDX.

We have significant experience of all three markets and the services we provide include:

·         acting as reporting accountants;

·         providing introductory services to the capital market adviser community;

·         providing advice on the preparation for flotation; 

·         ongoing audit and taxation services.

We support clients through the various phases of flotation advising companies from across the globe in the initial public offering (IPO) process not only for UK capital markets but also on international markets.

Valuations & IP

There will come a time when you need to understand the value of your business or the assets that you manage. A valuation may be needed:

for corporate governance or regulatory compliance;

to support critical strategic decision making such as planning an acquisition or disposal;

to assist with resolving disputes between shareholders or business partners;

as a fundamental part of operational management in monitoring portfolio performance or maximising shareholder value.

Valuation is a complex and controversial subject, all businesses are unique and face different competitive pressures. The value of any company or asset is intrinsically linked to the future income that it will generate. These future income streams are normally uncertain.

Valuation requires an in depth understanding of the asset being valued, the market in which it operates, the company that owns it and its competitive strengths and weaknesses. It requires analysis of financial and non-financial information and assess other factors such as the legal and regulatory environment.

Valuation requires the right combination of commercial insight, technical expertise, experience and professional judgement. Our valuation team works closely with clients to understand their needs and to develop bespoke solutions to complex valuation issues. We focus on understanding business dynamics and the key value drivers of the sector in which it operates.

Our team has extensive experience in valuing companies and assets across a range of industries. We have extensive sector knowledge derived from both consultancy and executive management experience to determine the appropriate valuation methodology to provide well-informed, insightful, robust and transparent valuation opinions.

Raising finance

The First Accountant team has strong relationships with a wide range of potential funders including institutions, banks and alternative lenders, private equity, venture capital, mezzanine debt providers and high net worth individuals.

Debt advisory

The UK debt funding market has become increasingly sophisticated in recent years with an increase in the number of lending institutions “open for business” as well as the type of debt finance available.

We advise companies through the process of raising debt finance – whether this be a refinancing of existing debt facilities to obtain better terms & conditions, or raising new finance to support a companys growth or to fund an acquisition.

We offer a structured end-to-end approach to companies seeking to raise debt finance. This includes the following:

·         preparation of a debt funding memorandum which includes an overview of a companys commercial operations and financial position for presentation to potential funders;

·         solicitation of indicative terms & conditions from funders;

·         negotiation of indicative terms including interest rate, fees, security package and any covenants; and

·         Project management through to drawdown of funds.

In most cases we are able to reduce overall cost of debt finance for our clients as well as obtain a more appropriate suite of debt facilities.


Strategy & exit planning

Selling a business and realizing capital value is a complex and demanding undertaking that many vendors will only experience once in their life.

We guide vendors through the complexities of the sale process, allowing them to control all stages of the transaction and ensuring that their objectives for the deal are met.

We have extensive experience advising and supporting clients in the planning, negotiation, and completion of disposals. We provide hands-on support for vendors including:

·         analysis and appraisal of exit options;

·         providing tax planning advice;

·         preparing businesses for sale;

·         producing sales documentation to assist in the sale;

·         researching and contacting potential buyers;

·         soliciting and analysing offers;

·         assisting with the due diligence process;

·         supporting negotiations and liaising with legal advisors;

·         project managing the transaction to completion.


Mergers & acquisitions

Mergers and acquisitions are major transactions in the lifecycle of any business. They are complex, require significant investment of management time and can carry significant risks as well as rewards.

First Accountant provides the specialist skills, practical experience, and objectivity to ensure you achieve your objectives. Our team has extensive experience advising and supporting clients in the planning, negotiation, and completion of M&A transactions.

We provide hands-on support including:

·         researching, approaching and engaging suitable targets;

·         tax planning and advice;

·         facilitating dialogue and information flows with the target;

·         providing valuation advice and advising on offer terms;

·         designing appropriate funding structures;

·         assisting you to produce business plans, presentations, and appropriately supported financial projections;

·         using our relationships with funders to introduce you to appropriate sources of funding if required;

·         assisting with the due diligence process;

·         supporting negotiations and liaising with your legal advisors;

·         project managing the transaction to completion.