Bridge Hall services and welcomes introductions to four different types of corporate finance client. Click on the following links to see a brief summary of Bridge Hall's services to each of these:
> PLUS and AIM stock holders, including Hedge Funds, Charities and Companies
> Companies preparing for an IPO within the next 18 months
For PLUS and AIM stock holders, including Hedge Funds, Charities and Companies
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Bridge Hall can facilitate the timely sale of shares in illiquid but sound stock to help avoid erratic and unfair downward shifts in share prices
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Where appropriate, it can work with third party sales teams, in addition to its own, to assist the sale of significant volumes of 'overhang' stock
Key criteria
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The share price is 'sound' and represents good value for medium term growth potential despite the need for a seller to make a sale
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The sale is not related to any negative news impacting the business
For companies on UK PLUS Markets or AIM seeking third party business development or corporate finance support
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Corporate finance support, including assistance with the raising of funds
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Strategy and business development support
Key criteria:
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Bridge Hall forming opinion the client will benefit its investor network
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No conflict with existing live clients
For companies preparing for an IPO within the next 18 months
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Working with management to enhance the proposition and, where relevant, assistance with appointment of PLUS or AIM and other advisers
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General corporate finance support, including where appropriate, pre IPO financing prior to float
Key criteria:
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Bridge Hall forming opinion the client will benefit its investor network
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Have PLUS or AIM adviser or timely appointment likely
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General preparation, including strategy, business development and business plan support for management to enhance their proposition
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Facilitating access to select suitable investors (Elective Professional Clients) for fundraising, including third party angel networks and institutions, as appropriate.
Key criteria:
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Bridge Hall concluding that the potential client has the capability and commitment to develop into a sustainable high growth business.
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Bridge Hall also concluding that working with the potential client will ultimately benefit its staff, professional contacts and investor network.
Additional notes for earlier stage businesses and their introducers approaching Bridge Hall (BH)
Proposers that have invested time in the preparation of their submissions, to ensure that they meet the criteria and needs of BH have a substantial advantage. Ideal opportunities conform most of the following:
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UK based and EIS compliant, or with a strong balance sheet and likely to make a UK IPO within the next 18 months if not already listed
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A quality, relevant management team, demonstrating a suitable cash and time commitment to the business, and with realistic salary expectations
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At least near to break-even or, with a convincing, defensible value-proposition and a credible roadmap to breakeven without excessive risk
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A well-written, credible business plan explaining where the business has come from, where it intends to go and how it intends to get there
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Well presented narrative and financial projections displaying a command of the market space, an efficient and well-researched projected application of funds sought and appropriate regard for investors and other stakeholders
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A draft proposal, as part of or attached to the business plan that indicates the funding sought, a realistic anticipated 'pre-money' valuation of the business and, embedded within the financial projections, appropriate assumptions regarding the costs of fund-raising and associated professional services
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The plan and financials encompassing well crafted milestone targets against which the business's advances can be measured and a roadmap, leading to an opportunity for investors to exit within the next three to five years
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Evidence that the management team are flexible in their approach and prepared to adapt their plans and projections to take on board appropriate feedback regarding likely costs and timings associated with fund-raising, plus other inputs that may be pertinent to developing their business
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Evidence that the opportunity is relatively fresh and not a rehash of something that has been presented to many other businesses previously, and that, if approved, the management team will agree to BH's terms of business.
If BH develops the view that the information submitted does not meet its selection criteria but that there may be an opportunity to develop a proposal so that it does, it will offer feedback indicating this with some relevant suggestions. All potential BH business is reviewed by an internal panel in the context of the company's own development strategy. All potential business also has to be reviewed in the context of the permissions granted to BH by the UK's Financial Services Authority. Ultimately BH reserves the right to reject any proposal it receives.