Business acquisition enables oil service company to expand
Case Study24th Feb 2022
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Our Client
Oil services company with worldwide activities required renewal and extension of banking facilities to support organic growth and finance a business acquisition in North America.
Our Approach
- Supported management compile a Strategic Review of the business
- Undertook financial and taxation due diligence on target business
- Assisted with review of financial projections
- Co-ordinated audit of group and completed statutory accounts within three months of year end to meet financing timetable
The Outcome
- Identified key tax issues and solutions to establish an efficient group structure in place for the business acquisition
- Secured funding package for growth aspirations
- Project managed involvement of overseas auditor and tax advisors, saving time, reducing fees and meeting tight deadlines
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