FinTech Magazine - April 2021 | Page 134

MENZIES

Alexander Duffy , Director of Corporate Finance , discusses the virtues of ‘ Brighter Thinking ’ for SMEs in a highly challenging market

As the world sets about recovering from the coronavirus crisis , the spotlight is on thriving Technology , Media and Telecommunications ( TMT ) businesses , many of which rely on thirdparty finance to further their strategic growth plans . Just when access to funding is critical however , the cumulative impact of Brexit and the pandemic has created a perfect storm for the business lending marketplace .

While more established TMT companies are shoring up their portfolios and streamlining existing assets , others are facing more significant challenges . From startups seeking initial seed funding , to growing businesses in need of venture capital , it ’ s become more difficult for innovation-led businesses to access the finance they need to thrive . With many investors sharing a ‘ risk off ’ approach , there is a chance that businesses seeking funding are left to sink or swim .
Under these conditions , businesses need access to a team of trusted professional advisers . They can help by providing guidance and supporting the development of a dynamic business strategy – one that ’ s capable of weathering today ’ s challenges and those that might arise in the future .
Providing just this type of support , Menzies LLP , is a leading firm of accountancy , business , and financial advisors , with expert knowledge of a variety of market sectors . Its expertise extends from healthcare and hospitality , to manufacturing and technology , the company ’ s 400 + advisers are adept at driving company performance . Combining cutting-edge diagnostic tools and good old fashioned people skills , the firm ’ s experts get under the skin of the businesses they support .
To find out more about how Menzies LLP operates and the value it brings , we spoke with Alexander Duffy , the firm ’ s Corporate Finance Director and Head of its TMT advisory team . He explained that the firm ’ s brand is rooted in what it calls ‘ Brighter Thinking ’, which means applying the knowledge and ingenuity of individual experts and their teams to solving real

“ I WAS DRAWN TO MENZIES BECAUSE IT REALLY BELIEVES IN THE MANTRA OF BRIGHTER THINKING – IMPROVING OUTCOMES AND HELPING SMES TO SUCCEED , REGARDLESS OF THE CHALLENGES THEY ARE FACING ”

ALEXANDER DUFFY DIRECTOR OF CORPORATE FINANCE , MENZIES
134 April 2021