UK Business Finance Directory 1990/91: The Guide to Sources of Corporate Finance in Britain

261 Pages·1989·7.943 MB·English

by  Pauline Isbell (auth.), Pauline Isbell (eds.)

UK BUSINESS FINANCE
DIRECTORY
1990/91
The Guide to Sources of
Corporate Finance in Britain
UK BUSINESS FINANCE
DIRECTORY
1990/91
The Guide to Sources of
Corporate Finance in Britain
Editor
Pauline Isbell
Advisory Editor
MCMogano
Graham &> Trotman
A member of the Kluwer Academic PubliHherH Group
Graham & Trotman Limited
Sterling House
66 Wilton Road
London SWW 1DE
ItDPA
DIIICTOR' PDILISHIRS
AIIOCIATION
Graham & Trotman Ltd is a member of the
Association of British Directory Publishers
© 1990 Graham &T rotman Limited
Softcover reprint of the hardcover 1st edition 1990
Fourth edition 1990
British Library Cataloguing in Publication Data
UK business finance directory.
1990-
1. Great Britain. Business firms. Financial assistance by
financial institutions - Directories
I. Sunday Telegraph business finance directory,
ISSN; 0268·2249
338.94102025
ISBN·13: 978·94-010-7012-6 e-ISBN·13: 978·94-009·1153·6
DOl: 10.1 0071978·94-009·1153-6
This publication is protected by international copyright law.
All rights strictly reserved. No part of this publication may be
reproduced, stored in a retrieval system, or transmitted in any
way or by any means, electronic, mechanical, photocopying,
recording or otherwise, without the prior permissioll of the
publishers.
Introduction vii
byMCMogano
ACCOUNTANTS 1
BANKS & SECURITIES HOUSES 13
BUSINESS EXPANSION SCHEME FUND MANAGERS 105
FACTORING COMPANIES 111
FINANCE HOUSES 119
INSURANCE COMPANIES 131
INVESTMENT TRUSTS 135
LEASING COMPANIES 145
PUBLIC SECTOR INSTITUTIONS 159
STOCKBROKERS 181
VENTURE & DEVELOPMENT CAPITAL COMPANIES 193
INDEXES
i Comprehensive alphabetical index of a" institutions 241
ii Fu" alphabetical index of a" institutions by category 245
iii Classified index grouping institutions by category of service 249
system is required. The range of other financial services
THE U.K. BUSINESS
which each institution offers provides a further guide to
its nature and capabilities.
FINANCE
Your choice of investor and working capital partner is
particularly important, for both - or all three - of you will
DIRECTORY
be better suited if a long-term harmonious relationship
can be established. As your business grows, you will want
your provider of finance to have sufficient confidence in
your abilitY,to enable him to fund expansion.
1990 EDITION
The Business Expansion Scheme (BES) was established in
1983 by the Government to encourage individual
investors in providing risk monies to unquoted trading
concerns, benefiting themselves through tax relief at their
Introduction highest rate providing the investment remains undisturbed
for at least five years.
The Directory provides details of professionally managed
Within these covers, you have at your finger tips every BES funds and again any criteria applying to new
important source of business finance available in the investments are listed. Both start-ups and established
United Kingdom today. To meet the financial needs of businesses can qualify, although agriculture and property
your business, therefore all you have to do is to 'let your development remain ineligible.
fingers do the walking'.
Several stockbrokers boast corporate finance capability,
either through self-administered funds or on behalf of
Some discipline on your part will, however, firstly be
clients and these can prove a useful alternative source of
necessary to keep you on the right course and not detract
finance.
you into dwelling overlong on the many hundreds of
individual entries, many of which make fascinating reading
A small number of specialised investment trusts offer
in themselves.
equity finance (from as little as £20,000, although larger
sums are preferred for administrative reasons), expecting
For this reason, the Directory is clearly sub-divided by
normally to take a seat on the Board.
type of institution, but at the same time, there are three
different indices as follows:-
A number of, generally, long established institutions
trading under the conglomerate title of Finance Houses
1. All institutions alphabetically listed;
will be found listed in the Directory and these normally
cover a wide range of financial needs formost corporate
2. All institutions alphabetically by category; and
concerns. In particular, hire purchase and leasing facilities
are available but many finance houses widen their scope
3. The grouping of all institutions under the types of
to take in such services as block discounting along with
services provided.
the provision of short and medium term loans.
Within the main body of the Directory, the institutions
These institutions are especially suitable media for funding
are categorised by sector, for example 'Banks and
fixed with lives of 3 to 10 years or more to enable matching
Securities Houses', 'Venture and Development Capital
of maturity periods, although a sinking fund to defray part
Companies', 'Leasing Companies' and so on.
of the cost of replacement should also be considered.
Companies specialising in leasing are also listed.
The new reader is recommended, firstly, to browse
through the Contents List before getting a feel for the Alternative finance can occasionally be sourced through
main body of the Directory by delving into two or three one of the major insurance corporations prepared to fund
sections to appreciate the nature and layout of the individual cases on their merits; strict investment criteria
individual entries. are rarely applied. These bodies will additionally provide
the necessary indemnity (or guarantee) cover to be utilised
Where the reader proceeds from there will very much as collateral security to a lending institution such as a
depend upon his needs. bank, thus avoiding dilution of equity.
Those seeking start-up capital are recommended to peruse Both factoring and leasing services are provided by a
the list of Venture and Development Capital concerns to number of specialist firms prepared to look to specific
locate those companies which can meet their assets as their security cover.
requirements. Investment criteria are provided, to include
any particular insistence by the investor and this rT1ay Factoring in particular - the ability to discount debtors'
relate to sector, amount, location, etc. In all cases it is monies to provide near-instant working capital, either with
imperative to note any restrk:tions to avoid later or without a sales ledger administrative facility - is gaining
disappointment. popularity and is now widely used throughout many
sectors of industry, although some, such as construction
Newly formed businesses will, of course, almost certainly and companies involved in sub-contracting, remain out of
have a demand for working capital and the most obvious favour.
source for this will be one of the banks which form the
bulk of the entries in the Directory. A track record is generally (although by no means always)
a prerequisite but a low turnover base is no bar to
Lending criteria are again outlined in each instance and acceptance. The larger factors boast overseas agents, and
should be carefully noted, as should such features, for confidential invoice discounting service and can be
instance, as the spread of branches if a nationwide clearing provided in acceptable cases.
Many of the larger accountancy firms appear in the
Directory and an initial approach to one or more of these
should be considered, for all have specialists on board
able to point you in the most likely fruitful direction.
Indeed, many wasted hours could often be saved by this
approach, where professional negotiation is also on hand
for the unwary.
Finally, remember to look into what are invariably
attractive inducements in the public sector, dependent
upon locality and nature of your business. Financial
incentives relating to job creation, premises, training and
business advisory services are all available from the public
purse for the sake of some form-filling!
Mike Mogano
Solihull
June 1989
The Society of Company and
Commercial Accountants
Society members in a wide range of business and non-commercial
organisations occupy accounting and managerial positions at all
levels of responsibility. Those in public practice have the
designation Registered Accountant and specialise in providing
accountancy services to the smaller businesses.
Admission to membership of the Society is only
by examination.
For further information please contact the Secretary-General.
Registered office:
40 Tyndalls Park Road, Bristol BS8 IPL.
Tel: [phone]
Accountants
ACCOUNTANTS
ARTHUR ANDERSEN & CO Membership of professional bodies:
Institute of Chartered Accountants
1 Surrey Street, London, WC2R 2PS
Tel: [phone]
Fax: [phone]
Telex: 8812711
BOO BINDER HAMLYN
Principal contacts:
8 St Bride Street, London, EC4A 4DA
J Ormerod (UK Venture Capital Coordinator)
Tel: [phone]
M Oaten (Mergers and Acquisitions Advisory Partner)
Fax: [phone]
Telex: 24276 Binder G
Principal regional offices:
Birmingham Tel: [phone] Contact: A Timberlake
Principal contacts:
Bristol Tel: [phone] Contact: R Gorlin
Rodney Graves (National Director -Corporate Financial
Cambridge Tel: [phone] Contact: N Pye
Services)
Cardiff Tel: [phone] Contact: R Jones
Alastair Scrimgeour (Head of Corporate Financial Services,
Edinburgh Tel: [phone] Contact: J Reast
London Region)
Glasgow Tel: [phone] Contact: E Hagman
Leeds Tel: [phone] Contact: D Haxby Principal regional offices:
Manchester Tel: [phone] Contact: J Priestley Bath
Newcastle-upon-Tyne Tel: [phone] Contact: R Tilley Belfast
Nottingham Tel: [phone] Contact: C Holden Birmingham
Reading Tel: [phone] Contact: D Perry Bury St Edmunds
Dublin
Minimum size of corporate funding on which advice is
Edinburgh
given: No strict minimum
Glasgow
Leeds
Corporate finance services provided: Advice on raising all
Manchester
kinds of finance for companies, including venture and
Newcastle
development capital for unquoted companies. Mergers and
Nottingham
acquisitions -advice, search and evaluation services
Wolverhampton
Corporate finance services provided: Stock exchange
reporting
Mergers, acquisitions and disposals
Venture and development capital
Management buy-outs
Treasury advisory services
UK Government and EC assistance
International corporate financial services
BAKER TILLY
Number of USM flotations as reporting accountant: 30
2 Bloomsbury Street, London, WC 1B 3ST
Tel: [phone]
Fax: [phone]
Telex: 268 002
BLACKEMORES
Principal contacts:
Tony Pierre (National Corporate Finance Partner) Pemberton House, 4-6 East Harding Street, London, EC4A 3BD
David Finlay (Director Corporate Finance) Tel: [phone]
Fax: [phone]
Principal regional offices:
Birmingham Tel: [phone] Contact: I Bond Principal contacts:
Bradford Tel: [phone] Contact: R Hamer D A Metson (Managing Director)
Bromley Tel: [phone] Contact:G Young
Crawley Tel: [phone] Contact: J Bugden
Guildford Tel: [phone] Contact: P Bessler
Harrogate Tel: [phone] Contact: D Kaye BLACKSTONE FRANKS & CO
Leeds Tel: [phone] Contact: J Samuel
26-34 Old Street, London, EC 1V 9HL
Manchester Tel: [phone] Contact: A Sutton
Tel: [phone]
Sherborne Tel: [phone] Contact: D Simpson Price
Fax: [phone]
Warwick Tel: [phone] Contact: M Harwood
Watford Tel: [phone] Contact: L Harper
Principal contacts:
Yeovil Tel: [phone] Contact: G Jordan
L R Blackstone (Partner)
D S Franks (Partner)
Minimum size of corporate funding on which advice is
given: No minimum
Principal regional offices:
Aylesbury Tel: [phone]
Corporate finance services provided: Assistance with raising
finance. Flotations, management buy-outs and buy-ins Buying
Minimum size of corporate funding on which advice is
and selling businesses. With particular emphasis on advice
given: £250,000
to the private business
Corporate finance services provided: Raising finance for start
Number of USM flotations as reporting accountant: 1
ups and acquisitions
Advising on acquisitions and disposals
Assisting in finding buyers and sellers for businesses
3
ACCOUNTANTS
Number of USM flotations as reporting accountant: 2 as Membership of professional bodies:
placement Accountant Institute of Chartered Accountants in England & Wales
Membership of professional bodies:
Institute of Chartered Accountants in England and Wales
CHANTREY VELLACOTT
Russell Square House, 10-12 Russell Square, London, WC1 5LF
Tel: [phone]
BRYDEN, JOHNSON & CO Fax: [phone]
Telex: 23763 FISCAL G
1-4 Kings Parade, Lower Coombe Street, Croydon, Surrey,
CRO 1AA Principal contacts:
Tel: [phone] John Roberts (Partner)
Fax: [phone] Jeremy Harris (Partner)
Principal contacts: Principal regional offices:
OK Johnson Birmingham Tel: [phone]
T J Negus Canterbury Tel: [phone]
Croydon Tel: [phone]
Minimum size of corporate funding on which advice is Northampton Tel: [phone]
given: £100,000 Reading Tel: [phone]
Watford Tel: [phone]
Corporate finance services provided: Full investigative and
reporting accountants services
Minimum size of corporate funding on which advice is
given: £25,000
Number of USM flotations as reporting accountant: 4
Corporate finance services provided: Mergers & acquisitions
Membership of professional bodies:
Raising finance -banks
Institute of Chartered Accountants in England & Wales
Raising finance -venture capital
Raising finance -flotations
Corporate strategy
Disposals
Relocations
BSG VALENTINE
Number of USM flotations as reporting accountant: 3
22 South Audley Street, Mayfair, London, W1Y 5DN
Tel: [phone] Membership of professional bodies:
Fax: [phone] Institute of Chartered Accountants in England and Wales
Principal contacts:
Norman Strong (Partner)
Barry MacKenzie (Partner)
CLARK WHITEHILL
Membership of professional bodies:
25 New Street Square, London, EC4A 3LN
Institute of Chartered Accountants in England & Wales
Tel: [phone]
Fax: [phone]
Telex: 887422
Principal contacts:
A Richard 0 White (Head of Corporate Finance)
CASSON BECKMAN
Julian H Glicher (Director -Corporate Finance)
Hobson House, 155 Gower Street, London, WC 1E 6BJ Howard G Williams (Senior Investigations Partner)
Tel:[phone]
Fax: [phone] Principal regional offices:
Telex: 24487 Birmingham Tel: [phone] Contact: P A Wooddise
Cheltenham Tel: [phone] Contact: R Downes
Principal contacts: Guernsey Tel: [phone] Contact: S W Chandler
R J Shashoua Haywards Heath Tel: [phone] Contact: B A Breese
A Rapazzini High Wycombe Tel: [phone] Contact: J Stalker
R E Creed Reading Tel: [phone] Contact: J J May
C R V Taylor Isle of Man Tel: [phone] Contact: R Barrs
Kidderminster Tel: [phone] Contact: J Hancox
Minimum size of corporate funding on which advice is Maidstone Tel: [phone] Contact: M J Subert
given: £250,000
Minimum size of corporate funding on which advice is
Corporate finance services provided: Pre-purchase aquisition given: No limit
advice
Fraud investigations Corporate finance services provided: Full range of corporate
Business plans finance advisory services, including: mergers, acquisitions,
Litigation support disposals, funding both debt and equity, management
BES prospectuses buyouts and buyins, grooming for flotation, reorganisations
General corporate prospectuses and general financial advice
Number of USM flotations as reporting accountant: 6 Number of USM flotations as reporting accountant: 4
4