David Ascott, Corporate Finance partner, discusses Grant Thornton's latest research into the financing environment for the mid-market and the current financing environment.
He discusses the challenges faced by mid-market companies over the past 12 months and offers insight into where he sees the marketing moving in the next 12 months. He shares his views on what strategies mid-market firms are employing to overcome these challenges and difficulties, highlighting the shift towards more defensive strategies and an increasingly cautious approach.
The increased popularity of alternative sources of finance is also reviewed, such as asset-based lending, which is providing more depth of competition in the financial markets. Finally he looks at opportunities on the horizon for the mid-market in particular the Business Growth Fund.