£40k
Practice acquisition Accountancy Completed transaction

Funding an accountancy practice acquisition.

Amount
£40k
Sector
Accountancy

The requirement

An established accountancy firm wanted to acquire another accountancy practice.

The challenge

An acquisition is not a generic short-term borrowing need, and it shouldn’t be funded like one. The requirement had to be structured as professional-practice acquisition finance, so it was assessed as the acquisition it was.

The result

A £40,000 facility was completed to support the acquisition.

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