When the company of long standing, manufacturing furniture, with a strong balance sheet, was sold to a private equity firm Armstrong Watson was instrumental in assisting the future purchase in formulating the financial models, cash flow analysis and pro forma profit and loss. The representatives of Armstrong Watson involved, produced such levels of high quality results and provided invaluable contribution such that the new owners have commissioned further assistance in the post transaction.
This has been an effective transaction made so by having people with the skills in understanding the business and the requirements of the customer. These skills have been evident from the beginning of the process and mention should be given to David Richmond, a partner in the business and Andrew Padgett, a member of the corporate team, who reports to David. Andrew has a good understanding of the requirements to produce financial models with integrity. His knowledge of financials is invaluable but coupled with his knowledge of manufacturing accounting produces quality results enabling more effective management decisions at a high level.
David Richmond has an excellent understanding of business finance reporting and this experience helps to direct others, enabling results within a short time. His knowledge and the ability to understand various situations provide a valuable contribution to any strategic direction particularly in the area of finance.
They are exceptional and a credit to Armstrong Watson a very professional outfit and without doubt their contribution has made the transaction exceedingly cost effective.
John Williams, Managing Director, Ness Furniture