Two teams of Midlands-based financial experts have formed an alliance to help businesses remove barriers to growth and improve financial stability.
Coventry and Leamington-based financial experts Harrison Beale and Owen have partnered with Ludgate Finance, which has offices in Birmingham, Coventry and Wolverhampton to provide Business Finance Health Checks.
The checks are aimed at helping businesses discover alternative sources of finance as well as providing expert advice around restructuring of current inefficient financial arrangements which are in place.
The arrangement has already led to one of HB&O’s clients being able to access over £100,000 in finance which would not otherwise have been available.
Greg Philp, of HB&O’s business advisory team, said: “A large percentage of HB&O’s clients are small to medium-sized or owner-managed businesses – exactly the type of organisations which, in the current climate, can struggle to access finance through traditional sources or on reasonable terms.
“We recognised that the expertise of Ludgate Finance could be beneficial to a large number of our clients – particularly those who are looking to diversify or expand but have been held back by a lack of access to sensible finance or changes to existing financial arrangements.
“We were delighted to be able to provide this link with Ludgate Finance as we continue to deliver on our commitment to offer our clients the most comprehensive and high-quality services we possibly can.”
As part of the Health Checks businesses will be given a free one hour session to assess the current finance arrangements in place and to identify any potential alternatives. The offer is initially available to HB&O’s clients with plans to roll the offer further afield in the New Year.
Richard Mason, of Ludgate Finance, said: “In the complicated world of finance it is often unclear to business owners just how many options are available to them.
“By offering these Finance Health Checks we aim to make businesses aware of the alternatives available to them and help them to remove potential barriers to growth as well as increase access to reasonable finance arrangements.
“With traditional sources of finance tightening their purse strings it is important for businesses to seek expert advice and to be aware of the alternatives such as peer-to-peer lending.
“We can also help businesses identify and combat any existing difficulties such as providing them with a solid basis to renegotiate existing finance arrangements.”