Business acquisition enables oil service company to expand
Case Study24th Feb 2022
Contributors
Related services
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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