Member Article

Gosforth’s RMT records strong first quarter raising over £6m

The corporate finance team at Gosforth-based RMT Accountants & Business Advisors has recorded its best fundraising first quarter for many years.

The team advised clients on the raising of over £6m to support a range of development, investment and acquisition projects, whilst this trend looks set to continue with further fundraising of £7m currently ongoing.

Greg Bolton, who leads the RMT CF team, believes the range of funding sources from which this capital has been raised indicates a widening and deepening confidence across the North East economy, and in regional companies’ ability to achieve their commercial objectives.

As well as helping to secure investments from several of the Finance For Business North East initiative funds, RMT has also raised new capital from high net worth individuals, bank lenders and the hard-to-access grants sector.

Clients to have benefited from this fundraising drive include North East car-buying company Car-Ching, which has opened three new branches across the region already this year.

RMT’s corporate finance team works predominantly with owner-managed businesses, and provides the full spectrum of corporate finance services for clients both within and outside the North East, from buying and selling companies and raising finance through to business valuations and transaction support.

It was named as Corporate Finance Advisory Team of the Year at the 2014 Insider North East Dealmakers Awards, a title it also picked up in 2012.

Greg Bolton says: “We saw momentum and confidence building during the second half of 2014, and this has increased significantly in the first few months of the new year across a range of industry sectors.

“The widening range of sources of capital that are available is an important indicator of improving confidence right across the regional economy, and we’re seeing bank finance becoming a little easier to obtain than it’s been for many years.

“The outlook for the rest of 2015 seems very encouraging, and our aim is to continue to be the catalyst which enables clients to put their business development plans into action.”