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Neil Grimmond - Assistant Director

Neil Grimmond - Consultant

Neil joined Craig Corporate in 2005 and has been involved with both corporate finance and business management assignments. Corporate finance projects have ranged from diligence to assisting with sales and acquisitions of companies with particular focus on MBO’s.  Neil is an active member of the Member Services Board of the Institute of Chartered Accountants of Scotland .

Neil qualified as a Chartered Accountant with PwC where he gained significant experience across a wide range of sectors.

 
Property Refinancing
Written by Neil Grimmond   
Monday, 04 July 2011 13:00

I recently worked with a client on the refinancing of their property portfolio. The portfolio encompassed both specially adapted and general residential accommodation, with a total of 37 properties across 3 companies. In the current market, this was not straightforward. There were various challenges, some specific to this portfolio and some more general. These included:

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Facing Up to Difficult Issues
Written by Neil Grimmond   
Monday, 10 January 2011 09:19

A particularly interesting recent assignment was a review I carried out of an underperforming joint venture of a client company. The joint venture was a specialist manufacturer, and exposure to utility prices meant costs were fluctuating and significant losses had been made over a number of years. In addition, there was the potential for conflict between the two shareholders due to their different interests.

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Growing Through Acquisition
Written by Neil Grimmond   
Wednesday, 26 January 2011 15:40

In January I completed a small bolt-on acquisition for a client, one which will add 15% - 20% to the ongoing turnover of their business. The vendors were three brothers, all in their 60s, who wanted to dispose of the business to allow them to step back from day-to-day activities. Our client will retain the key staff but there will be substantial savings in other areas.

This transaction highlighted for us an area of significant opportunity for those intent on expanding their business

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Refinancing Challenges
Written by Neil Grimmond   
Tuesday, 02 November 2010 10:03

It is well understood that the current environment makes refinancing difficult. Many businesses are struggling to find the financial support to allow them to plan confidently for the future at a time when having the committed support of your funding partners is more vital than ever. We have worked on a number of refinancing projects in recent months, from private equity MBO debt to SME bank borrowings and private property portfolios. We wanted to share

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