Start
Up Donut reports this week that more than 200,000 SMEs are in significant
financial distress despite the improving economic climate, according to new
research from business recovery firm Begbies
Traynor (www.begbies-traynorgroup.co.uk) .
The first quarter of 2014 has seen a 22% increase in the number of small
firms suffering from "significant" financial distress compared with
the equivalent period last year.
The research reveals, the biggest obstacles they face are limited access to
funding, the risk of over-trading and increased competition.
The launch of UntappedUK.com, it seems, comes at a good time as it is a
unique opportunity for businesses in the South East to gain that critical
investment they may need to enable their business to grow and develop.
Whether an entrepreneur with a new business idea or an
established business, UntappedUK offers investment backing from a multimillion pound company, which could
open doors for a range of regional businesses.
Even
if an established business is in need of a new lease of life or a business
would benefit from being a part of a larger group of companies, UntappedUK is an opportunity not to be missed.
Successful applicants could benefit from:
·
A finance model / investment
·
New premises if needed
·
Legal services
·
Accountancy services
·
Brand development
·
PR / marketing
·
IT support and development including a website if
needed
David Green, investor and managing Partner at MTA said “The
research by Begbies Traynor is shocking
at a time of supposed economic recovery. We are very keen to invest in local
business and through recent research have discovered there is a wealth of
fantastic talent and business springing up in the Region. We hope we can offer
a step up to one or more of these businesses or entrepreneurs that has the
potential to take an idea and run with it.
Bringing a new company into our group of businesses could develop
new opportunities across our group as well as being a fantastic opportunity for
a budding small business and if this proves successful, we may well open this
up to other regions and potentially rerun in the South East.”
To apply for UntappedUK
please visit www.untappeduk.com for
guidelines and to fill in the application form. All applications for the current phase of
investment must be in by 31st July. A short list for interview will be drawn up
by 1st September and individuals or businesses invited to meet with the
UntappedUK team.
About
UntappedUK
UntappedUK has been set up by Michael Taylor and
David Green, partners at MTA Solicitors LLP. Please visit www.untappeduk.com for further information.
About the investors
Michael Taylor - Senior Partner at MTA Solicitors
LLP
Michael Taylor qualified in 1983, and became a
partner in a criminal firm the same year. He worked there until 1986 when he
moved to a firm of A.S. Matthews and remained a partner there from 1989 until
1993.
Michael Taylor set up MTA Solicitors LLP in 2001. Experienced in personal injury, conveyancing, matrimonial law, probate and civil litigation, he is a member of the Law Society, a member of the Law Society Personal injury panel and a member of APIL with senior litigator status.
Michael Taylor set up MTA Solicitors LLP in 2001. Experienced in personal injury, conveyancing, matrimonial law, probate and civil litigation, he is a member of the Law Society, a member of the Law Society Personal injury panel and a member of APIL with senior litigator status.
Michael Taylor is also a trained mediator.
David Green - Managing Partner at MTA Solicitors
LLP
David Green has overall responsibility for MTA Solicitors from a
strategic, financial and developmental perspective. Based in Bromley, although
working across all offices, each departmental head reports directly into him.
David’s focus is to keep as close to the business as possible to ensure that
strategic, service and financial decisions taken are correct first time for
both the MTA business and Clients.
Having spent 12 years in the Insurance Industry, part of his role during this time was to manage panels of Solicitors so he has always been close to law firms and the way in which they operate, making it a natural step to take a position running a law firm.
David joined MTA in 2002 shortly after its launch in May 2001 to take responsibility for the fast growing Practice and work with the existing management structure to deliver a successful law firm.
Having spent 12 years in the Insurance Industry, part of his role during this time was to manage panels of Solicitors so he has always been close to law firms and the way in which they operate, making it a natural step to take a position running a law firm.
David joined MTA in 2002 shortly after its launch in May 2001 to take responsibility for the fast growing Practice and work with the existing management structure to deliver a successful law firm.
About
MTA Solicitors LLP
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