Numerica, headed by Levy Gee, revealed last October it intended to secure a £16m facility, but was delighted to have sealed a larger figure, as evidence of the ‘faith shown by investors.’
However, it warned about gaining the wrong gearing, and so it is unlikely the figure will pushed up higher in the near future.
The firm is currently sitting on approximately £10m of its initial £30m floatation purse, while further funds could be raised by issuing more shares.
Peter Jenkins, Numerica group finance director, told AccountancyAge.com: ‘We believe we have the right model, the business is going well and our investors can see that and that is why we have been able to gain this war-chest. We hope to be announcing further acquisitions before our year-end at the close of March.’
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
UK senior partner Phil Verity has been elected for a second term at Mazars