Dains provide financial due diligence to support a refinance by Yorkshire Bank

Deal summary

The Dains Corporate Finance team has recently undertaken financial due diligence on behalf of Yorkshire Bank to support an £11.0million refinance of an undisclosed company.

Rob Wilson and Roy Farmer of Dains performed the financial due diligence review of the forecast performance of the company for the next two financial years, providing our opinion on the basis of preparation and the assumptions upon which they are based, as well as reporting the forecast levels of profitability and headroom.

What our client said

Nigel Wilson, Relationship Manager Commercial - Customer Banking at Yorkshire Bank said ''Having engaged with Rob Wilson at Dains, the Financial Due Diligence Report was completed in a timely fashion and within the tight deadlines set by the customer and their advisors. The Report was informative and covered of all the relevant issues, resulting in a clean sign off from the Bank's Credit Underwriters and was a key element in the transaction proceeding to completion within the agreed timescales.''

What we said

Rob Wilson of Dains Corporate Finance said: “This was a great opportunity to work with Yorkshire Bank again, and support an £11.0million refinance which will provide the necessary funds to enable the company to continue growing. We look forward to working with Yorkshire Bank again on similar transactions.”