Somerset firm Old Mill has expanded its dedicated corporate finance team to further enhance its already comprehensive offering and support the firm’s overall growth plans.
In November 2021, Old Mill announced plans to grow by 15% pa for the next five years and double staff numbers by 2026. With a team of just two – Partner Mark Neath and Adviser Kathryn Mansell – and a growing demand from business owners for their collaborative style of help and advice, particularly around succession plans, the corporate fnance team was one of the obvious areas for growth.
The team welcomed Scott Hill at the end of last year to focus on helping owner managed businesses who are looking to make an exit and in January, Tom Downes came on board to lead the financial modelling and valuations offering.
This additional experience and resource has allowed the corporate finance team to expand its services, strengthen its expertise and offer more transactional support, as well as work on bigger and multiple deals. Most notably the team recently helped Golledge Electronics secure a sale to Techpoint. It was also integral in Atlas Packaging – a Devon-based firm that Old Mill has worked with since 2010 – being acquired by Smurfit Kappa UK Limited’s (SKUK).
Kathryn Mansell said the growth of the team had enabled Old Mill to showcase its wide range of expertise and resulted in new business.
She said: “Previously, we were mainly working with existing clients but increasingly, non-client firms are coming to Old Mill specifically because of our reputation within corporate finance and we now have the capacity to help them.
“Our role is to help businesses realise their true value We understand that the right choice isn’t just about financial returns – we work closely with our clients to gain a deep understanding so we can advise them on the best deal for them.”
Despite recently doubling in size, Old Mill’s Corporate Finance team is looking to expand further, working with yet more businesses and gaining new talented individuals into the team.
“At Old Mill, we operate an ‘open door’ policy, which means talented, hardworking people who share our people centric culture will be welcomed into the firm,” said Kathryn. “Both Scott and Tom contacted Old Mill speculatively and it was clear as soon as we met them that they would be great additions to the team, so we’d love to encourage others to get in touch.”
To find out more information about a career at Old Mill visit https://careers.om.uk/
Pictured, from left, are Tom Downes, Mark Neath, Scott Hill and Kathryn Mansell.