Growth Capital in the CreaTech Sector – a review of 2020

25.02.21 / Insight posted in Articles

The impact of the Coronavirus has created difficulties for CreaTech businesses in the growth capital arena. In 2020, 114 CreaTech businesses raised a total of £501 million of growth equity capital, compared with 144 businesses raising £709 million in 2019 – a 21% year-on-year decline in the number of deals completing and a 29% decrease…

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2020 in review: a year of two halves for the growth capital market

16.02.21 / Insight posted in Articles

Of UK private companies raising between £1 million and £20 million of growth equity capital each, 767 UK businesses raised a total of £3.67 billion in 2020, down on 2019 and 2018. Average deal size in 2020 was also down compared to 2019 from £4.93 million to £4.78 million, though it remained higher than the…

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VAT reverse charge for building & construction services

15.02.21 / Insight posted in Articles

After a number of well-reported delays, HMRC’s VAT domestic reverse charge for construction services is due to come into force on 1 March 2021. The reverse charge will completely change the way VAT is collected in the building and construction industry. The new system is compulsory and will impact businesses who either supply, or receive…

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2020 in review: an extraordinary year for M&A in the marketing services and media sectors

12.02.21 / Insight posted in Articles

45% fewer deals completed in the UK marketing services and media sectors in 2020 compared with 2019 – a huge reduction but not surprising given the impact of the Coronavirus on many businesses. We hope that fast-moving vaccination programmes will mean a return to normality in the latter half of 2021. The majority of the…

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Pre-Budget year-end planning 2020/21 – seven key areas to consider

11.02.21 / Insight posted in Articles

The Chancellor, Rishi Sunak is due to deliver the Budget to Parliament on Wednesday 3rd March, with many in the industry predicting possible tax rises to help rebuild the economy. We will be issuing a Budget commentary shortly after the announcement, along with our latest reactions and insights. To help you prepare, we have also…

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Off-payroll working in the private sector – Charity

05.02.21 / Insight posted in Articles

Following the release of recent HMRC guidance on the of payroll working rules in the Government’s Draft Finance Bill, charitable organisations could see a substantially increased compliance burden and an increase of at least 13.8% on the cost of those contractors caught out by the new regime. The new rules, which are due to come…

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Off-payroll working in the private sector – Education

05.02.21 / Insight posted in Articles

Following the release of recent HMRC guidance on the of payroll working rules in the Government’s Draft Finance Bill, charitable organisations could see a substantially increased compliance burden and an increase of at least 13.8% on the cost of those contractors caught out by the new regime. The new rules, which are due to come…

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Moore Kingston Smith Financial Advisers: Winter 2020 Bulletin

16.12.20 / Insight posted in Articles

There are good reasons to be optimistic as we end a very challenging 2020 and look forward to 2021: the recent news of a comprehensive vaccination programme for the UK and equivalent programmes globally; the furlough scheme’s extension to March 2021; and global markets have rewarded investors despite the market volatility and dip in the…

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North American investment in the UK remains resilient

10.12.20 / Insight posted in Articles

British businesses are in high demand from North American investors, and are likely to remain so across economic cycles. US and Canadian investment levels continue to be resilient despite the current challenges faced by the Coronavirus and Brexit, with these creating short-term implications rather than long-term changes. Whether to scale their own business or to…

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Technology sector benefits from improving growth capital environment

02.12.20 / Insight posted in

Growth Capital Update: Spotlight on the technology sector According to our research into UK private companies raising between £1 million and £20 million of growth equity capital each, 206 British businesses raised £982 million of growth capital in the third quarter of 2020. The Q3 figures for the overall growth capital market revealed a 28%…

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