Castle Corporate Finance is pleased to announce the appointment of Alex Nursey. Alex joins as a Manager, assisting the team on current transactions and managing them day to day, as well as helping to identify new business opportunities.
Alex will be project managing and advising on a wide range of assignments, bringing his experience to bear to add value for clients at every stage of a transaction process. “No business is the same, and every owner has a different strategy. It is my job to help them realise their ambitions by ensuring the transaction runs smoothly. It also means offering proactive advice along the way to make a difference to the business owner.” Alex said.
Alex qualified as a Chartered Accountant in 2014 with Crowe UK and spent time in their Audit and Corporate Finance teams, in both Kent and London, where he gained experience with a wide range of businesses in terms of their size, sector and importantly in their stage of maturity. Predominantly whilst in Kent, Alex worked with owner-managed SMEs and in London with companies that were looking to list on one of the UK’s capital markets. He also spent some time in industry, in a private-equity backed business.
Alex sees his key challenges in this role in 2021 as getting up to speed and making a meaningful contribution to Castle’s clients while working remotely. “It is strange to join a new firm in the middle of such circumstances, but I am feeling surprisingly settled already, and am working on some exciting projects.” Alex said.
It is impossible to ignore the COVID-19 backdrop, although hopefully there is light at the end of the tunnel now with the vaccine roll-out. There has been no shortage of transactions during the pandemic, however the challenge will be to continue to identify the right opportunities and support Castle’s clients as they navigate the tail-end of the pandemic and settle into some sort of new normal.
Commenting on the outlook for 2021, Alex said, “As we speak, the Spring budget is still in place. With much talk of changes to the Capital Gains Tax regime going forward, I expect to see M&A activity increase with owners trying to secure tax-efficient succession planning before any deadlines that may be set in the forthcoming budget. Castle has also completed a number of Employee Ownership Trusts (EOTs) over the last 18 months and I see these becoming more popular in 2021, as business owners seek different ways to exit in a tax efficient manner, and at the same time increase employee engagement. I also anticipate an increase in re-financing and recapitalisation opportunities as businesses seek to best position their balance sheets to accommodate the extra debt that may have been secured during the pandemic; or for those that need extra facilities to capitalise on growth opportunities that arise, as the UK returns to some level of normality.”