Rickitt Mitchell Set to Hire | The Communication Blog

Saturday, January 15, 2011

Rickitt Mitchell Set to Hire

By Paul Myers

The remit of business is extensive and varied - as a result, the role of understanding certain issues can be beyond the scope of people within a company. Financial matters can appear the most problematic and where required, specialist advice may be requested within areas such as; merger and acquisition, financial issues resulting from general operations, planning of business services and finance for generating funds.

Its focus on long term relationships with clients is continuing to pay off - as well as acting for listed Manchester IT services provider NCC Group on three acquisitions this year - it is advising regional airline Flybe on its planned IPO. Partner Stuart Moss told TheBusinessDesk.com: "We're looking to grow as we expect deal volumes to increase in the next couple of years. We're looking for one new hire immediately and another early next year.

Who you decide to sell the business to is also important to consider, competitors are obviously potential buyers and although at first you may feel that you wouldn't want to sell to a competitor it may be worth contemplating. Your company may be very valuable to them meaning they may offer a good price.

While the business environment is expected to remain tough, Mr Moss is optimistic that 2011 will continue to be busy: "Hopefully in the next three months three fairly size-able deals will come off." Rickitt Mitchell, which has acted on deals ranging in value from less than 1m to more than 500m, is looking to recruit two newly-qualified chartered accountants from the major practices. Mr Haworth joined at this level from BDO in 2005 and Tim Ritchie from Deloitte in 2006.

Existing customers or suppliers who wish to expand their own company may be interesting potential buyers, as they are already related to the industry your business is in selling to a customer or supplier may make for an easy transaction. Always deal with potential buyers through a financial business advisor before entering negotiations with any party though.

There has been significant structural change in the car production industry in recent years. The EU certainly expects this to continue in the near future. On its Europa Web site, the EU reckons that the six existing global car manufacturing companies (GM, Ford, DaimlerChrysler, Toyota, Volkswagen, and Renault-Nissan-Samsung) are likely to become stronger, as they continue to extract savings from their strategic alliances with the likes of Fiat, Mitsubishi, Subaru, Isuzu and Suzuki. The analysis goes on to assert that three other car firms are likely to continue outside these alliances: BMW, Honda and PSA (Peugeot and Citroen).

About the Author:

The Communication Blog
Bookmark and Share

No comments:

Post a Comment


The Communication Blog Copyright © 2009