Pictured above: Jamie Skelding
Lack of accuracy and timely advice and support in the corporate
finance procedure are major factors in causing possible deals to be
lost, according to leading Midlands chartered accountants
Prime.
Jamie Skelding, corporate finance director at Coventry and
Solihull-based Prime, issued the warning after the company had
advised on the multi-million pound acquisition of a London company
by an offshore-based buyer for £3.5 million.
Prime provided financial due diligence advice and support to
Alphamed ensuring that momentum was maintained throughout the
process leading to a prompt acquisition by SC Healthcare, which
represents the Healthcare Fund, an off-shore based company.
Jamie said: "We were well prepared so we could provide our
client with the best possible advice when they needed it to assist
them in securing the deal.
"We have had a very close relationship with Alphamed over many
years providing them with regular management information and tax
planning advice as well as year end statutory accounts.
"It was a natural progression for us to be closely involved in
the preparation for and process of their sale".
Alphamed is a leading company in the healthcare sector based in
London and specialising in discreet home delivery of stomacare
services and continence products.
Hugh Brady, chairman of Alphamed, said: "Prime have advised us
for years so when we negotiated the sale of our company we wanted
them to play a key role. Prime's advisers sat with us throughout
the whole process so that key information and advice was always on
hand when required."