Our Corporate Finance team assist on finance raise for Mactech

Mactech recently appointed our Corporate Finance team to review their funding options, recognising the challenges of raising new capital in the current landscape.

A long- standing business operating on a global basis, Mactech, which has offices in the North East as well as Bristol, are a specialist supplier of sub-contract personnel and services for Construction, Engineering and Non-Destructive Testing (NDT) inspection services to the energy sector.

The group has displayed several periods of strong financial performance and was keen to explore a range of sources of funding as they look to trade through a period whereby general macro-economic headwinds impact confidence across a range of industries.

Andrew McFarlane, Managing Director, said:

“MHA Tait Walker has been our sole provider of all corporate, financial and accountancy services for many years. Whether it is outsourced management accounts, statutory accounts, cashflow mapping, M&A or a finance raise they have been able to cover all our needs without exception.

You know a partnership is working when you transcend day to day business transactions and work with a company that help resolve your business challenges and assist in guiding your strategy. That is the MHA Tait Walker team and that is our experience at Mactech.”

Lee Humble, Associate Partner, commented:

“Mactech is a brilliant business with a first-class management team, and we are delighted to assist them with a finance raise. The new capital which we sourced from the alternative markets will provide a platform for what we hope is a strong 2021 for the business.

Raising capital is not easy right now but our expertise and reach, complimented by a precise business plan devised by Andrew and his team, has allowed us to raise substantial sums from several financial institutions.”