Financial modelling. Corporate Finance PRECISE. PROVEN. PERFORMANCE.

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1 Financial Corporate Finance PRECISE. PROVEN. PERFORMANCE.

2 Financial Working with business owners Businesses seeking capital are faced with an obligation to provide financial projections to potential stakeholders. Growing businesses may not have the internal resources to create financial projections in the form of a bespoke and dynamic financial model as this is a specialised area of finance. However, the ability to provide a well-built dynamic financial model can make a company more investable and shorten the investment process, on the basis that the underling business model is sound. At Moore Stephens, we support you by designing and providing bespoke financial models for clients, to help forecast performance, improve accuracy and allow sensitivity analysis. We work with business owners directly, but are also recommended by investors and advisors to ensure everyone within the fundraising process can make informed decisions based on reliable data. Investment and exit papers Operating models with 3 to 5 year projections Discounted cash flow analysis Valuation models Financial team Transaction Working capital and bank facility reviews LBO and MBO Flotations and working capital reports With growing companies who are looking to continue their investment fundraising, business owners need to make a decision on what their future holds and where they are going next. To do this, you need financial projections with which to build a forecast for yourself as well as your investors. Outsourcing this is the most effective way to ensure you can predict and monitor your performance, particularly as the complexities of creating a business model increase as you grow, diversify and need to source alternative funding. You may not have the time or resources to create this in-house, and a downloaded off-the-shelf model is likely not to cover everything you need as a unique business. Financial is a key requirement for raising capital, whether that be a bank, venture capitalist firm or private equity investor. This provides much more than just statements and spreadsheets. We get to know your business and your future plans before creating the model, and the accompanying memorandum provides a narrative of where you intend to get to with your business. Many of our models are used not only for one-off transactions but by clients for operational monitoring of their businesses. 1 Corporate Finance Corporate Finance 2

3 Working with investors and advisors Where financial fits in with our other services Advisors and investors may recommend our services to provide their clients with an independent and trusted source to ensure running the numbers works for all involved. Of course, we work directly with the client and get to know their needs independent of the pressures from investors or other advisors. We also provide services to check models that have been created in-house by the client or, in case of private equity firms, to provide a second opinion for their clients. For advisors and investors, we provide comfort in our independence, experience, integrity, accuracy of formulae and overall quality. Mergers & acquisitions MBOs & MBIs Raising finance Corporate finance Capital markets Financial due diligence Dispute advisory & investigations Strategy & exit planning Valuations & Intellectual Property (IP) Financial 3 Corporate Finance Corporate Finance 4

4 Our experience We have worked with Moore Stephens on several financial assignments, the firm goes the extra mile to meet our requirements and is very responsive. Moore Stephens is quick to understand complex business models and has routinely delivered a best in class service. We will be using them again. Moore Stephens client Case study Case study Project 180 We began by advising the client on fund raising and, after arranging a meeting with a potential investor, the client was asked to provide a financial model. The client had previously used an online service to create their financial model which did not meet the requirements of the investor. We were engaged by the client to build a financial model that would suit the purposes of the investor. We took approximately 35 hours to build a fully functional dynamic model which was then provided to the investor. The feedback was very positive from both the investor and the client, and the investor offered a term sheet to the client shortly after the model was provided. Project Harbour We were engaged by the client to prepare an evaluation, financial model and business plan a company looking to raise finance. The financial model replicated the pricing model for an industry match and had many customisable features for pricing, customer throughput, operating costs and capex. The output was based on IFRS financial statements and took approximately 60 hours to build, which was some five hours below the original budget. 5 Corporate Finance Corporate Finance 6

5 Moore Stephens in the UK We Moore help you Stephens thrive in in a changing the UK world. We Moore provide Stephens all the is the support UK s 9th and largest guidance independent accounting and consulting you need to deal with new risks and network, comprising over 1,300 partners and opportunities. We ensure easy access staff in 34 locations. to the right people, so decisions can be Our made objective quickly is simple: and to confidently. be viewed by clients A consistent as the first team point-of-contact will partner for all with their you financial, advisory and compliance needs. We to support your aspirations and achieve this by providing sensible advice and contribute to your success. tailored solutions to help clients achieve their commercial and personal goals. You ll have access to a range of core services, Clients have including access to audit, a range accounting, of core and tax, specialist risk and services systems including assurance, audit and tax compliance, business and personal tax, trust corporate finance, restructuring and and estate planning, wealth management, IT insolvency, wealth management and consultancy, governance and risk, business disputes support and analysis. outsourcing, As a corporate Top 10 finance, accounting corporate recovery and advisory and forensic network accounting. we support a broad range of individuals and Our entrepreneurs, success stems from large our industry organisations focus, which enables us to provide an innovative and and complex international businesses. personal service to our clients in our niche markets. Specialist sectors include charities & If your not-for-profit, business education, and personal energy & interactions mining, need family to offices, expand, financial we ll services, help healthcare, make it happen hotels & leisure, coordinating insurance, pensions, advice from a network professional offices practices, throughout public sector, real the UK estate, shipping, social housing, sports and and in more than 100 countries. technology & media. Contact information To discuss your financial needs, please contact: Phil Cowan Partner phil.cowan@moorestephens.com T +44 (0) Anthony Cunningham Associate Director anthony.cunningham@moorestephens.com T +44 (0) Brian Keane Manager brian.keane@moorestephens.com T +44 (0) Moore Stephens globally Moore Stephens International is a top ten global accountancy and consulting network, headquartered in London. With fees of over US$2.74 billion and offices in 112 countries, clients have access to the resources and capabilities to meet their global needs. By combining local expertise and experience with the breadth of our UK and worldwide networks, clients can be confident that, whatever their requirement, Moore Stephens provides the right solution to their local, national and international needs. Moore Stephens LLP, 150 Aldersgate Street, London EC1A 4AB T +44 (0) We believe the information contained herein to be correct at the time of going to press, but we cannot accept any responsibility for any loss occasioned to any person as a result of action or refraining from action as a result of any item herein. Printed and published by Moore Stephens LLP, a member firm of Moore Stephens International Limited, a worldwide network of independent firms. Moore Stephens LLP is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Authorised and regulated by the Financial Conduct Authority for investment business. DPS40326 May 2018