Since my last report a couple of things have happened within Amberglobe:
The first is that we sold our first £2.5m+ business in 18 months. http://www.amberglobe.co.uk/sales.aspx We have another £1m+ sale scheduled for next month. To me these are early signs of the market beginning to improve. A year ago such sized deals were pretty much impossible to get away but both deals had significant levels of debt being advanced by banks and I think they are signs of an improving market.
I should however say that this does not mean that values are improving but just that bigger deals are finally happening. Both of these bigger deals are being done at very realistic prices and both have involved a level of vendor finance being provided.
The second thing that has happened here is that we have appointed an in-house solicitor http://amberglobelegal.com/ to provide exceptionally well-priced legal services to our vendor clients. For too long we have watched law firms muck up deals and provide a poor service to both buyers and sellers. By having an in-house solicitor handling our clients’ sales not only do I believe that our clients will be serviced efficiently and effectively but also at significantly better prices than can be obtained elsewhere. Our in-house solicitor is called Naushad Rahman and she has been practising law for over 13 years for both a large London firm and also on her own account, specialising in corporate finance and commercial law http://amberglobelegal.com/page/about/26/. If you would like to receive a quote for the legal work on your sale or indeed for any commercial law issue, then Naushad can be contacted on nr@amberglobe.co.uk or http://amberglobelegal.com/contact-us.php or 0800 707 6370.
Check out all our businesses for sale on http://www.amberglobe.co.uk/
