Chartered accountant launches business advisory firm

A YORKSHIRE chartered accountant has launched his own business advisory firm.

Johnny Abraham, who has more than 13 years’ experience in business recovery and restructuring, as well as asset based lending, has launched J9 Advisory in Leeds city centre.

Abraham said: “Every day, we still hear cries of ‘the banks are not lending’ over and over again; I do not believe that this is strictly the case. Yes, the finance industry and their processes have changed in recent years, but, even where there are signs of distress within a business, with the right support and expertise behind them, SME businesses can negotiate suitable facilities with the right funding partner, enabling them to move forward.

“I’d been thinking about setting up on my own for a while. I saw a gap in the market for someone with my background and contact base to help find supportive lenders for businesses.”

Abraham said that with the effect of the introduction of Real Time Information by HMRC yet to be seen, and with the added pressure of auto-enrol deadlines fast approaching, there is no greater time for businesses to act to ensure that their strategy for ongoing funding and cashflow is under control.

J9 Advisory is working with SMEs to deliver financial restructuring projects, together with cashflow improvement and business asset disposal services across the North of England. The firm is also an approved Growth Voucher Advisor. The Growth Vouchers programme is available to small businesses in England actively selling goods and/or services, have a turnover no greater than £45m, own 75% or more of their business, and have 250 employees or less.