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May 8, 2024
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Deal success provides boost for advisory firm RMT
The group’s corporate finance team, which specialises in servicing the needs of the North East’s army of SMEs, handled a flurry of transactions from November 2011 to the end of January 2012 with a combined value in excess of £20m.
NEWCASTLE accountancy and business advisory firm RMT has completed its busiest quarter of deal activity on record after overseeing a string of transactions.
The Gosforth firm has also made a number of key appointments to help facilitate the company’s anticipated growth in the coming months on the back of a 20% rise in annual turnover.
Among the deals completed in the period was the sale of Stanley-based pharmaceutical business Dixon and Hall, which runs three pharmacies and puts together first aid kits for 600 clients, including Northumbria Police and companies including Nissan and McNulty Offshore.
The corporate finance team also enabled many of its SME clients, such as specialist glass door and window maker Fendor and radiator component manufacturer Manissa, access the funding and finance needed to continue their growth and development.
Headed up by corporate finance director Maxine Pott – who also sits on the board of the hugely influential Port of Tyne authority – RMT’s corporate finance division will see its turnover climb by around 50% over the next few months based on a healthy work pipeline.
Pott said: “I believe much of our success in recent months has been driven by our ability to tailor our service offering to the varying needs of SMEs, start-ups and entrepreneurs, many of which have been let down in the past by larger corporate finance operators that have been unable to offer them the flexibility that we can.”
As the firm has grown it has added a number of new members to its team and the firm expects to further increase its headcount in the coming months.
Among the new additions is trainee apprentice Ayden De-Beer, audit team member Liane Granger, senior accountant Michael Robertson and Chris Stewart, who has joined the senior tax team.