Written by: Peter W Pridham           

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NSConsulting has developed a 5 step plan for clients seeking funding for business, a process that has been proven many times over. Our experience is that the clarity of this approach contributes to a strong and beneficial client relationship

Step 1 - working with you on your business
In an informal but confidential meeting we will review your current business plans and forecasts. At the same time we will explore your objectives along with your aims and ambitions.

If we can identify positively with your objectives, and we believe your aims and ambitions are commercially attainable, then at our own expense we will research the fundamentals of your proposition.

Step 2 - research and first due diligence
Our research and initial due diligence will embrace a wide spectrum and is normally carried out over a ten day period. If our conclusions differ in any way from your own we will discuss them with you. If as happens quite frequently, we uncover new facts and useful information, you may wish to incorporate this into your proposals.

If we find our independent research concurs with your own, and we are mutually agreed to move forward, we will offer you a Finance and Funding Agreement and/or a Letter of Engagement.

Step 3 - making Agreements
If we are requested to act for you in relation to a MBI/MBO or M&A we will offer you a formal Letter of Engagement and quote you for each element of our services accordingly. Some services such as financial due diligence and corporate finance will be provided by fully qualified professional associates or a firm of experts recommended by us.

If we are requested to seek a package of investment and loan funding for you on the basis of your proposition, we will offer you a Finance and Funding Agreement to cover the services we aim to provide for you.

Please note that in every case at this point, that is Step 3 of our process, we always ask for a commitment fee at the beginning of any further activity, payable in full including VAT prior to our commencing any work on your behalf. This fee will relate to the level of work required to complete our own due diligence and ensure your proposition is investment ready and include a small part of the costs of our showcasing your proposition to prospective funders.

Please note that we do not guarantee any success in fund raising for your business.

The majority of fees due to us will, either be contingent upon our succeeding in securing funding for your business, or structured in phased payments to cover specific areas of activity, or a combination of phased payments and contingent fees. Fees on funding amounts of up to £1m are charged at a fixed rate and fees on funding amounts above £1m are charged on a sliding scale.

Please note that, in every case our fees are payable in full at the time of our invoice, are subject to VAT.

Step 4 - driving the deal
With a Finance and Funding Agreement or Letter of Engagement in place between us and in response to the receipt of your commitment fee, we will carry out the following programme of activity: