Accounting Firms

Azets expands North East corporate finance team

The arrivals take the corporate finance team at Azets to 20 for the North East

Azets has expanded its corporate finance team in the North East with two new appointments.

David Foreman has joined as partner from Barclays Bank, where, as regional manager, he led a team of relationship directors covering small to medium enterprises in the North East.

He is also a founding director of the non-for-profit Open North Foundation, helping sustainable businesses prosper during difficult times, and a director of the Business Durham Advisory Board to Durham County Council.

Joe Sheridan joins from Azets’ Glasgow office, where he was assistant audit manager, having previously worked for Azets’ Corporate Finance team in Scotland.

The arrivals take the corporate finance team at Azets to 20 for the North East.

Corporate finance experts at Azets specialise in mergers and acquisitions advisory, capital raising advisory and transaction services across a wide range of sectors, typically focusing on deals valued up to £100m.

Lee Humble, UK head of Corporate Finance at Azets, said: “David and Joe bring a wealth of respective skills and experience with them, with a deep understanding of businesses in the North East and the complexities which come with various ownership and operating structures, including compliance and reporting requirements.

“Their appointments further benefit our clients on buy side, sell side and capital raising, helping clients achieve the best possible outcomes.There are more than 181,000 businesses in the North East, a number of which will reach a point in their lifecycle where they need to take the next strategic step by buying competitors, merging with rivals or selling up to enjoy the fruits of a successful retirement sale.”

He added: “It is with this dynamic backdrop, and the growing corporate finance team here in the North East, that we are well placed to offer a proactive, partner-led, dedicated service to ambitious businesses.
“I am delighted to further complement our local team and I am incredibly excited about what the future will bring for our NE practice.

“Our increased headcount and broadening skillset are becoming increasingly popular and despite the obvious headwinds of the last few years we envisage further growth across 2024 and beyond. The North East business community benefits from some great operators and we look forward to helping them with the delivery of their strategic and transactional objectives.”

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