If you recognise yourself or your company in the descriptions to the right, then you should be talking to Cornmill Associates. Go to our What We Do section to find out more about our deep knowledge of the sector and how we can help your business with vital relationships in the world of finance.
As an entrepreneur or part of the Senior Management of a growth business, you are familiar with the challenges and frustrations of ensuring you have the financial resources to keep pace. That includes ensuring that you have the right relationships with funders and other finance related professionals. Business can too easily be stifled by banks or finance or a need for better understanding of finance.I support businesses and Company Boards with precisely these challenges.
You will be familiar with the frustration that bankers and SME’s increasingly struggle to talk the same language or share the belief in a business and its owner. I know how banks operate and where the stresses arise.
If your business is making property work for you on a commercial basis, you will know the challenges of accessing finance effectively and dealing with increasing regulation caused by Government based or banking related compliance.
As a long-standing client of a Private Bank you could be frustrated to find that their support is subject to more constraints and changes in policy, especially when it comes to commercial projects. It could even threaten your continued success.
Latest on our blog
Mounting outrage about RBS’s apparent ‘mis-selling’ of the Governments ‘Enterprise Finance Guarantee’ (EFG) scheme has been further fueled by news that the bank was calling upon the Directors of borrowing companies to repay debts which had already been repaid by the Government under the terms of the Scheme. I was once responsible for the central Read more about So what is this outrage about RBS and EFG loans about?[…]
Commercial mortgage lending can be a risky business; there’s a reason why LTV’s (Loan to Value’s) are lower and interest margins are higher than for most other types of lending. It is not unknown therefore for a lender with a broad range of lending products to make the strategic decision to pull out of lending for commercial investor clients.
A critical tool in the planning of a property development is the ‘Development Appraisal’, which sets out the financials of the project. Although a good builder knows from experience that they can build for £xxx per sq. ft., the complexity of developments now means that contingencies, professional fees and timings need careful scrutiny.
Let’s start by explaining what a ‘PG’ is and isn’t. A PG is most often asked for when a Company is seeking a loan from a bank and the bank seeks to tie in the Directors personally, it is basically an undertaking that if the company cannot pay back the loan then the Directors will do it themselves. This does of course serve to undermine the concept of a ‘Limited Liability Company’.