We’re delighted to have been shortlisted in two categories for Insider’s Sheffield City Region Dealmakers Awards 2018; ‘Corporate Finance Advisory Firm of the Year’ and ‘Deal of the Year (up to £2.5m)’, a new category, for our role in Northern Powerhouse Investment Fund’s investment in Azzure IT.
| INTELLIGENT | PROACTIVE | CANDID |
At Needle Mackenzie Spencer, our team of expert corporate finance and legal advisors are focused on delivering successful transactions for our clients and helping them achieve their corporate and personal goals.
We offer consulting, mentoring and coaching for directors and business owners assisting them with their strategic decision making. We work alongside you to challenge your thinking whilst acting as a sounding board and a voice of reason. We’ve completed countless sale and purchase transactions, and bring genuine deals experience and expertise to your board room.
With years of hands-on, operational knowledge, we understand the challenges of the deal process and offer unrivalled support before, during and after your transaction.
- Consulting for business growth and change
- Lead advisory to business disposals
- Mentoring and coaching for Directors and business owners
- Advising MBO and MBI teams
- Non-Executive Director
- Turnaround management for distressed businesses
- Preparing businesses for sale
- Fund raising, incorporating both debt and equity facilities
- Lead advisory to business acquisitions
- Management of distressed funding relationships
This was my first business sale and I was expecting it to be a pretty bumpy ride. I was very hands on day-to-day in my business so time was never really on my side and I really needed someone to hold my hand throughout the sale.
We, of course, encountered some potentially difficult situations and complications but Chris and Sam handled everything with calmness and efficiency. I was constantly updated and re-assurred throughout the process and despite some very tight deadlines, we made our completion successfully.
It was all relatively seemless. It was a pleasure to work with them and I would have no hesitation in recommending their services to anyone who may be looking to take the plunge.
I have recently completed two acquisitions this year with the support of Chris and Sam at Needle Mackenzie Spencer. Following my MBO of Rubber Safety Hygiene in 2013, an opportunity came along, through retirement, to purchase Louis France in Huddersfield. This deal was delicate for a couple of reasons but partially because the business had been in the Taylor family for over 60 years.
Throughout the process, Sam was both patient and offered the correct advice as required. Due to the sensitive nature of this transaction, the support and advice given by Needle Mackenzie Spencer was superb.
Our second opportunity for acquisition came almost immediately after the purchase of Louis France. This company was also based in Huddersfield. As with Louis France, the acquisition of Distinct Disposables was also due to retirement but in addition, we welcomed a Director of Distinct Disposables to buy a 10 % shareholding in RSH Group.
This deal was a whole different ball game and had a number of complex issues including a supply contract which had a number of challenges. The passion, commitment, professionalism and advice given to me by Chris and Sam was incredible. Needle Mackenzie Spencer also assisted with securing the Finance with HSBC and also assisted with a complex deferred consideration package.
Having now got an appetite for acquisitions, I am sure we will look to some more deals and I can guarantee Chris and Sam at Needle Mackenzie Spencer will be one of our first phone calls. It goes without saying we would certainly recommend them to others.
I asked Chris for advice shortly after I was made aware of a potential acquisition in the engineering sector. The business was profitable and had grown steadily, and had significant potential for growth. He shared my enthusiasm for the project and we worked together to assess the opportunity and develop our initial thoughts. Chris valued the company and prepared the initial offer on my behalf. Once we had gained exclusivity Chris focussed on securing debt and equity finance while I continued to develop the business plan and brought the BIMBO team together. After a somewhat protracted process the deal finally completed fifteen months after my first meeting with Chris, a testimony to not only his deal-making ability but his stamina!
It was a pleasure to work with Chris. He combines his financial expertise with a healthy dose of commercial pragmatism and genuinely is “on your side” during the deal process. It is well known that BIMBO’s are not as easy to conclude as MBO’s or even MBI’s and I was impressed throughout with Chris’s unwavering confidence. I look forward to our next project together.
I was introduced to Chris Sellars when Needle Mackenzie Spencer's sister company, Grey and Green, took over the the accountancy firm I had been using for many years. I asked Chris for his advice on selling my business in order to free up more of my time and raise finances to pursue other business and personal ambitions.
After previous dealings with other large companies that failed to sell my business and deliver what I was hoping for, despite them taking a large fee upfront, Chris's approach and enthusiasm was completely refreshing in comparison.
After many meetings to discuss my options, Chris suggested a partial MBO with my current management team.
He managed the process from start to finish including the finance required, tax advice, contracts and solicitors.
I can't thank Chris and his team enough for their help and guidance throughout this process. I now have the best of both worlds; more free time and finances to pursue other interests as well as remaining the majority shareholder in the business that I started.
I would highly recommend Needle Mackenzie Spencer to anyone considering their options and I will definitely be using them again when the time is right to sell the rest of my shares.
When the opportunity arose to lead a management buyout of the printing firm I had been running, I knew it was the right move – both for me personally and for the company moving forward.
We brought Needle Mackenzie Spencer in to support the deal process right from the start, and it was clear that we were in capable hands. They understood the complexities involved in the transaction, and were mindful of the need for the two parties to cooperate and continue working well together to ensure business continuity and ongoing growth.
The result was a friendly buyout that met the needs of all parties. The experience, dedication and professionalism that Needle Mackenzie Spencer brought to our board room had no small part to play in its success.
When you have an opportunity to lead a “management buy-out” for the company you have jointly created from scratch there is no doubt that you understand your own business inside out, what the opportunity is and more importantly what the potential of the existing business could be.
The dream is easy - what’s difficult is getting investors to share the same vision and more importantly persuading them to invest in a joint vision where everybody wins.
When our opportunity came I literally had no idea how to approach investors, what information they needed, who would be interested, the possible financial options and how to move the buy-out forward to a successful conclusion.
I was introduced to Needle Mackenzie Spencer by recommendation and after my initial meeting with Chris Sellars where the possible options were discussed I was starting to realise that although I knew my business and market very well I did not have the contacts or knowledge to attract venture capitalists to invest in the company.
Needle Mackenzie Spencer know their market! They know which investor suits which opportunity, they understand what it needs and takes to get deals done and they will be with you guiding you through a sometimes difficult and alien process.
They are honest and they tell it like it is - I could not recommend them enough for the work they did during our MBO.
Chris has recently worked with me on my new business. We were having difficulties moving our ideas forward, as well as articulating our unique proposition. Chris helped us to stand back from the business and really get to the bottom of what makes us special and why people choose us. In the very first session, Chris helped me have the 'lightbulb moment' which has been pivotal in moving things forward, as well as helping me to deliver our proposition with confidence.
I cannot thank Chris enough for his input. He is incredibly personable, has a great approach to questioning and mentoring and, I am confident, will add value to any business who has become a bit stuck on how best to progress.
Expect to think hard and be challenged but you'll enjoy the process, I guarantee it!
We have known Chris Sellars for over 7 years. We were first introduced to him as we started out in business in 2004, as someone who could potentially help us get funding and give general advice regarding business development. His role and involvement in our business development has gone way beyond that remit. He has, through his substantial network of professional contacts, been able to help us drive our business forward. He has motivated us during tough times and kept us focussed on the end game. He has on occasion mediated on our behalf and health checked the companies to ensure our strategy was working and was correct. His advice has been invaluable and I have no hesitation in saying that we are where we are, in no small part, as a result of Chris’s input.
Our workshops with Chris provided the opportunity to step back and look at the business strategically with some useful and pragmatic outside guidance and input. Chris provided his own ideas and insights but also provided a platform for open and honest discussion about the company and its future in both corporate and personal contexts.
Chris was originally hired to help give us a financial heath-check, but he has since played a far larger role. Having been asked to help analyse how we managed the whole business, Chris has subsequently helped us restructure to achieve future success. He helped us eliminate existing weaknesses and focused our efforts. We worked together to develop a clear vision, mission and a business plan. This has produced an improved performance, more motivated/happier staff, company expansion and most importantly - an increase in sales/profits! His influence has had a hugely positive impact on Aardvark Swift. We've got plenty more to do, but I'm sure with Chris on board we've got a far better chance of achieving our long term ambitions.
We have worked with Chris on a number of projects. He keeps us focused, creating structure for our creative & entrepreneurial ideas... channelling our thinking with real business advice.
Chris' enthusiasm for results is infectious. I have known Chris in a professional capacity for 3 years. He has been an invaluable support to ZL Consulting. He is candid, innovative and a true motivator.
Well, what great weather, guests and food we had last week at our first Crown Green Bowls event of 2018. The bowling wasn't bad either!
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