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Old Mill expands Corporate Finance team

It confirmed that Tom Downes has joined to lead the financial modelling and valuations offering

Accountancy firm Old Mill has expanded its dedicated Corporate Finance team to further enhance its offering and support the firm’s overall growth plans.

In November 2021, Old Mill announced plans to grow by 15% pa for the next five years and double staff numbers by 2026. With a team of just two – partner Mark Neath and Adviser Kathryn Mansell – and a growing demand from business owners, it said its Corporate Finance team was “one of the obvious areas for growth”.

The team started actively recruiting, and at the end of 2021 welcomed Scott Hill to focus on helping owner managed businesses who are looking to make an exit and in January. It also confirmed that Tom Downes has also joined to lead the financial modelling and valuations offering.

It added that this “additional experience” and resource has allowed the Corporate Finance team to expand its services, strengthen its expertise, and offer more transactional support, as well as work on bigger and multiple deals; most notably the Corporate Finance team recently helped Golledge Electronics secure a sale to Techpoint.

Mansell said: “The growth of the team has enabled us to really showcase our expertise across business sales, M&A, MBOs, due diligence and valuation, as well as help and advice with fundraising, financial modelling, and post-deal support, as we have been able to not only work on more than one deal at a time but also on much bigger transactions.

“Previously, we were mainly working with existing clients but increasingly, non-client firms are coming to Old Mill specifically because of our reputation within Corporate Finance and we now have the capacity to help them,” said Kathryn, who adds that she thinks Old Mill’s appeal is its ability to offer a professional service that cuts out the jargon and puts the client at the heart of everything they do.”

She added: “Our role is to help businesses realise their true value,” she said. “We understand that the right choice isn’t just about financial returns – we work closely with our clients to gain a deep understanding so we can advise them on the best deal for them.

“Old Mill is an ambitious and growing firm, and a big part of our own growth strategy is around making the right acquisitions – we therefore understand that M&A is about more than just financials, and we can tap into this experience to help businesses find the right fit both operationally and strategically.”

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