Many successful businesses want to grow and to develop new products and markets. The years following the credit crunch have, of course, been challenging even for the best run businesses. Traditional sources of bank funding have either dried up or become prohibitively expensive. Many businesses now need expert external advice on options for funding business development and Lows are well placed to provide this. We can assist businesses by various means, e.g. by offering advice on tightening up standard business terms or improving debt recovery so as to improve cash flow. We can also advise on the best way of realising land or other business assets to free up funding. We can advise on restructuring and in particular on employment/redundancy implications for businesses.
For many smaller often described as “family run” businesses there are options of using personal sources of funding to assist with business development. This is an area where robust independent advice is really important. Banks and other funders are increasingly insistent on taking as much security as possible, for example, over the family home or by way of directors' personal guarantees. Independent legal advice can ensure that personal and family assets are exposed to the minimum extent necessary and that there are no hidden surprises in loan contract documentation.
We are able to advise on business mergers and demergers, takeovers and acquisitions and on strategies and options for business exit/realisation.
We do, of course, know our limitations and we do not attempt to carry out highly complex corporate finance work, for example, share offerings, stock market listing and corporate insolvency. We do, however, maintain excellent links with a range of expert practitioners in these areas and can readily arrange introduction/referral where required.
Lows Orkney Ltd authorised regulated by the Financial Conduct Authority.