Sector Focus


Sponsored by: Mahay Financial Services Sector Focus

The launch of a new department

Mahay Financial Services are pleased to announce the launch of their Commercial & Development Finance department. This recognises the firm’s ambitions in the commercial sector. With the addition of key people, with expertise in finance, construction and engineering industries, it demonstrates the ability to provide effective bespoke solutions for its clients. The company has a proven

track record of negotiating and delivering solutions bringing about real growth and development in the local economy. Diversification of its existing networks has enabled it to bring about future development both in the West Midlands and wider regions of the United Kingdom.We are committed in the aim of facilitating growth in the Northern Power House and the Midlands Engine by bringing together investors, developers and local authorities. We have pleasure in announcing the roll out of its automated electronic CRM system. The firm is committed to this automation and confirms that the transition is effective in providing efficient services to our clients. The firm looks forward to the increased business possibilities created as a result of this. The company’s director, Mrs

B Chand, extends an open invitation to all intermediaries to work with the firm and to deliver enhanced benefits to your clients.

T: 0121 551 7676 F: 0121 551 6274 M: 07900 545726 E: W:

The latest news from the sectors that matter to business

Businesses missing out on billions in untapped growth

West Midlands businesses could miss out on billions of pounds of untapped growth during 2018, according to new research by financial adviser Grant Thornton. The research – ‘Planning for

growth – don’t let uncertainty hold you back’ – looked into the barriers holding back the growth of private sector businesses, which underpins the whole of the UK economy.

‘Economic growth largely depends on the prosperity of the private sector’

The research – prompted by low

number of firms meeting the Organisation for Economic Co- operation and Development (OECD) definition of ‘high growth’ – also identified the characteristics possessed by the country’s most sustainable growing businesses. Grant Thornton surveyed 1,000

businesses during its research, of which 119 were ‘Growth Generators’,

last year and sustainable growth for the last three. “So we set out to understand the

critical accelerators and barriers to private sector growth across the UK. We surveyed 1,000 business leaders, across all sectors and regions of the UK. “We identified a group of 119

David Hillan: Growth being held back

or businesses meeting the OECD definition. Most of these were London-based, but seven per cent came from the West Midlands. David Hillan, practice leader at

Grant Thornton in Birmingham, said: “Economic growth largely depends on the prosperity of the private sector, yet Grant Thornton’s report highlights the fact that only 16 per cent of businesses in the UK meet the OECD definition of ‘high growth’ – 20 per cent turnover growth in the

high-growth businesses who, despite uncertainty, achieved 20 per cent or more turnover growth in the last year – they are called the Growth Generators. They are purpose-driven, invested in growth, tech confident and networked. “Our survey also found 41 per

cent of business leaders believe uncertainty is impacting their growth. But it’s definitely not all about Brexit and uncertainty. “External forces, such as Brexit

and regulation feature lower on businesses’ list of concerns. If we learn what sets ‘Growth Generator’ businesses apart we could release this significant latent potential for growth, which could be game- changing for the region and the UK.”

Midlands firm advises on major deal

Energy firm Edina Power Solutions has been taken over by EPAL in a deal advised by Midlands-based Cooper Parry Corporate Finance. EPAL is a joint venture between

EnergyPro Asset Management Limited (EnergyPro) and Energy Efficiency Services Limited (EESL), an energy service company established in 2010 by the Indian government’s Ministry of Power. The deal, for an undisclosed


Mahay Financial Services is a trading style of Mahay Solutions Limited. Mahay Solutions Limited is authorised and regulated by the Financial Conduct Authority. FCA number 673400.


figure, will give the new owners a platform for growth in both the UK and overseas, and promises more jobs and further investment. Established in 1985, Edina –a

supplier, installer and maintenance provider of natural gas and biogas- combined heat and power applications – employs 200 people across its UK headquarters in Manchester and manufacturing base in Lisburn, Northern Ireland, and provides work for 400 contractors.

Energy deal (from left): Dinesh Patnaik (deputy high commissioner of India), Tony Fenton, Y. K. Sinha (high commissioner of India, UK) and Saurabh Kumar (managing director, EESL)

EnergyPro is a UK-based

company which aims to accelerate investment into energy and resource efficiency. EESL is the world’s largest public

energy services company, owned by the Indian Public Service Undertaking, which includes National Thermal Power Corporation, Rural Electrification Corporation, Power

Finance Corporation & Power Grid Corporation. The four organisations have a combined market capitalisation of more than $30bn. Tony Fenton, joint managing

director, Edina, said: “We are looking forward to this new chapter in our story, of replicating our success in new markets while leveraging EESL’s experience across the globe.”

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