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Nicholsons, The Corporate Finance Network’s member firm in the Lincolnshire & Peterborough region, have enabled their client to raise funds to assist with significant growth within the business.
Richard Hallsworth, of Nicholsons, was approached by the client, an East Midlands based furniture importer, when they were experiencing a period of significant growth within the business, and were looking to secure additional finance to allow them to maximise this.
Richard assisted the client with creating a business plan, as well as producing the necessary management account information and financial forecasts. He also entered into negotiations with a variety of potential funders, finally agreeing a suitable funding structure with HSBC, made up of an overdraft and import loan facilities, alongside invoice financing.
The deal was completed in November 2009, with the client extremely pleased to have secured £1.2m of new funding, allowing them the resources to continue their growth.



ICAEW Corporate Finance Faculty corporate members are not necessarily regulated by ICAEW Investment Business Regulations or other accreditation procedures.