01278 228004

Chamber News

You are here: 

Company acquisitions remain strong following EU referendum – PKF Francis Clark

Wednesday 27th July, 2016

The number of company acquisitions has remained strong following the EU referendum, according to Bridgwater Chamber of Commerce member  PKF Francis Clark.

The firm has advised on a series of transactions since the vote, including Altitude Partners’ recent equity investment in semiconductor technology developer Moortec.

It also worked on the sale of Devon-based Jubb Consulting Engineers to its management buyout (MBO) team and the sale of Gillett’s (Callington) Ltd, which operates 63 Spar stores across Cornwall, Devon, Dorset, Somerset and Wiltshire, to an overseas purchaser.

Andrew Killick, head of corporate finance at PKF Francis Clark, said: “Although certain sectors such as property may have been affected, and some large private equity deals are being put on hold, we still have buyers interested in acquiring quality South and West based businesses and funders keen to support MBOs and the growth plans of local entrepreneurs.

“Looking ahead, the trading performance for many businesses in the region will continue to be largely unaffected in the short term, as existing orders and contracts continue to be fulfilled.

“One potential area of immediate concern is that property valuers may feel that the lack of demand for property transactions post the referendum means that valuations should be reduced.”

PKF Francis Clark, founded in 1919, operates from eight offices across Cornwall, Devon, Dorset, Hampshire, Somerset and Wiltshire. It has annual revenues of £3m and a team of more than 580 people and 59 partners.

Latest news

Chamber's 'Meet the Charity' Series Debuts with Brainwave
March 13, 2024

Bridgwater Chamber of Commerce is proud to announce the successful launch of its "Meet the Charity" series, kicking off with its first event on the 12th of March with Brainwave. The event was part of a new series designed to enhance the connections between businesses and the charity sector by spotlighting the essential work that…

Read More
Video - Spring Budget Overview
March 8, 2024

Thank you to Gavin Roberts from Maxwells Accountants for the 2024 Spring Budget Overview. You may watch the recording of the Overview below.

Read More
Westcotts tax expert offers mixed response to Chancellors Spring Budget
March 8, 2024

Westcotts has welcomed the measures set out in the Spring Budget announcement but expressed disappointment about the lack of substantial policies to help the average small and medium sized business in the South West. Mark Tibbert, Partner and Head of Tax at Westcotts, welcomed several of the announcements including the increased VAT registration threshold, changes…

Read More
Bridgwater Businesses Get Creative with Social Media
March 7, 2024

The SBA CIC and Bridgwater Chamber successfully hosted their initial workshop on "How to Build a Social Media Strategy for TikTok and Reels" on 6th March 2024 at Bridgwater Town Hall. This free event for Chamber members highlighted the power of short-form videos in boosting business visibility. The workshop stood out for its interactive format,…

Read More