Tait Walker say large scale deals so far this year indicate returning business confidence

The North East accountants have advised on a series of large deals so far this year including the creation of Bonbar and Break90

Tait Walker partner Michael Smith
Tait Walker partner Michael Smith

The team at accountancy firm Tait Walker’s Corporate Finance division say a number of large-scale deals throughout the year to date represent rebuilding business confidence in the region.

In the last six months the Corporate Finance team has assisted with seven deals for North East firms, topping the Experian deals tables for the 10th year.

Early 2014 saw the firm breathe life back into one of the city’s most iconic buildings after advising on the funding of a deal that saw The Assembly Rooms transformed and modernised to include an upmarket bar and night club, restaurant and an alfresco dining area. The project has created over 50 new local jobs following the opening of Bonbar in March, thanks to finance from Natwest bank.

In the engineering sector, Tait Walker also advised on the sale of Chirton Engineering to Carr’s Milling Industries.

The firm also had involvement in Break90 – a unique concept offering customers a means of selecting and buying golf merchandise by driving players back into golf clubs, which will see the creation of at least 20 jobs in the near future.

Tait Walker partner Michael Smith said: “The deals completed in 2014 so far show real confidence, not just for North East companies that are performing well, but for the region as a whole. The pace of economic growth is starting to pick up and it’s a great time to be working with local businesses and encouraging investment across the region.”

Journalists

David Whetstone
Culture Editor
Graeme Whitfield
Business Editor
Mark Douglas
Newcastle United Editor
Stuart Rayner
Sports Writer