Manchester-headquartered Rickitt Mitchell entered 2021 in a strong position, a partner at the corporate finance firm has told Insider, with the company readying itself for a busy period.
Neil Mitchell has advised shareholders and management teams on a wide range of transactions, including MBOs, disposals, acquisitions, private equity investment and IPOs.
Speaking to Insider, he noted that the “prolonged uncertainty, rapid change to ways of working and a transformation of many sectors made 2020 an exceptionally difficult year to navigate”.
“Given the circumstances, in hindsight I believe Rickitt Mitchell has performed well,” he added.
“Fortunately, we had already begun an adoption to online platforms prior to Covid that have underpinned effective working throughout the pandemic, such as Microsoft Teams.”
Mitchell added that regardless of the logistical successes, the firm’s greatest achievement was “maintaining the sense of togetherness”.
“While remote working has kept us apart geographically, team spirit has prevailed and strong internal communications ensures a joined-up, congruent approach.”
Looking ahead, Mitchell noted that there “hasn’t been a major shift to our business plan but, if anything, our ambitions have grown more positive”.
“With a vaccine in the pipeline and uncertainty around Brexit coming to a close, it feels as if we are finally beginning to see light at the end of a long tunnel, so we are readying ourselves for a busy period,” he said.
“There is a feeling of positivity within the market, and our priorities now are to support clients in planning for post-pandemic, taking lessons from the past year to fine tune any inefficiencies. We will continue to provide support in a similar vein to as we did at peak of the market disruption.”
The firm came out of 2020 in a “strong position”, added Mitchell, and “we will be looking to build on this over the next 12 months”.
“Growth in revenue and client base will be our key performance indicators, as we look forward to working with businesses that have performed admirably in 2020, such as life sciences, home improvement and technology, and quieter sectors set for a strong return in 2021.”
Source: Insider Media
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