Cowgills funding hits £100m mark
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Cowgills business funding teams have together transacted more than £100m of finance deals in the past year.
The firm, which provides business and accountancy advice to SME clients across the North West from its bases in Bolton and Manchester, is advising companies on funding at all stages of business growth.
It has experienced 65% growth over the past 10 years.
Commenting on the high level of transactions delivered, business funding director Ben Day said: “It’s only 12 months since we established the dedicated business funding arm of Cowgills from our Manchester base at XYZ in Spinningfields.
“We’ve opened many new lending lines and alternative sources of finance for current and new clients as the market continues to move away from the high street banks.”
Ben joined Cowgills last year from fin-tech company MarketInvoice to establish the firm’s dedicate business funding arm following the success of the property and construction team’s finance offering which was established more than six years ago.
He said: “Together with the transactional deals secured by the property and construction team during the same period, we have now broken the £100m mark, a clear indication of how active the market is at present and that the right funding deals are there to be had.”
He added: “We support our clients throughout the entire life cycle of their business, from securing start-up funding, to day-to-day management and accountancy advice, tax guidance and succession planning.
“That long-term relationship often starts with the funding which we match to their needs, and we have some fantastic success stories.”
Commenting on the property deals delivered, property finance director David Rainford added: “Our property and construction division typically works with owner-managed, small to medium-sized property companies and house-builders right across the region.
“The appetite for growth in this sector is strong and these figures are certainly testament to that, having completed on just under £20m of property transactions in the past few weeks.
“With many lenders based in Manchester it is right that our finance team is also here in the city and we are seeing a significant uplift in deals done due to the strength of our relationships with a wide variety of lenders.”
Clients include NJOY Student Living, property development company Lane End Developments, and Create Construction.
In addition Cowgills, via its joint venture bridging business, PMJ Capital, which is also headed up by Dave Rainford, has supported more than £40m of transactions since it launched three years ago.