Nottingham corporate finance advisory firm sold in £4.5m deal

Nottingham-based Springboard Corporate Finance has been bought by Begbies Traynor in a deal worth up to £4.5m.

Springboard, which also has offices in Birmingham and London, posted annual revenues of £2.3m last year and pre-tax profits of £750,000. All 13 of its staff will join Begbies Traynor.

Simon Ward, partner at Springboard, said: This investment by Begbies Traynor Group is great news for the team at Springboard, our clients and our friends in the intermediary community. The acquisition provides us with the resources to build our practice with greater pace and recruit high quality individuals who can enhance our offering to both existing and prospective clients.

“With Begbies Traynor Group, we saw a management team who were fully supportive of our growth ambitions. We will now use that support and financial firepower to proactively grow our existing team, at all levels including new entry partner recruits as we look to build a significant national presence.”

Ric Traynor, executive chairman of Begbies Traynor Group, said: “I am delighted to welcome the Springboard team to the Group; they are a highly-regarded, mid-market corporate finance practice which is complementary to our existing advisory services. We look forward to supporting their expansion plans and their contribution to further growing the Group’s revenue and profits.”