Overseas expansion made possible due to FRP’s lender services
Overseas expansion made possible due to FRP’s lender services
Background
Pipe is a water management company providing services on infrastructure projects in the UK and around the world. In its bid to expand, the company diversified their offering overseas and as a result required additional funds in order to enter a new market.
Action
FRP’s Financial Advisory team, led by Director, Joanne Price and Corporate Finance Partner, Chris Adlam, were engaged to provide lender financial due diligence, ahead of the planned overseas investment. The FRP team reviewed Pipe’s historical and forecasted trading performance, net assets and cashflows on behalf of the lender, and focused on contract management and revenue recognition.
Outcome
Following our team’s review, Pipe was granted the additional funds enabling the business to execute their growth strategy and expand further overseas.
The new funds will allow the company to continue implementing its growth strategy through its overseas expansion.