Sarah McNaught, head of oil and gas at KPMG, said ‘a large number’ of these companies are ‘seeking to raise capital in foreign jurisdictions over the next five years – with the UK and North America high on their list of preferred destinations’. Of the 225 companies to join AIM since 1 January 2003, 29 are energy and natural resource businesses.
Grant Thornton has claimed that 65% of mid-market venture capitalists and brokers believe they will realise more disposals in the next six months than they did in the previous six. But Mark Byers, GT’s head of recovery, sent a warning to VCs thinking of realising their investments.
‘Before even contemplating a sale, VCs will need to restructure some of their investments in under-performing businesses if they are to avoid losing equity values,’ he said.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.