Blog – May 2020
The New Normal
I’ve spoken to many company owners in the Tech sector over the last 4 weeks and for most business is holding up well. That said it is more difficult to engage with new customers and I guess that will continue to be the case until we have a little more clarity on the “new normal”.
At the end of last year I attended one of Matt Chorley’s (political editor of The Times’ Red Box) stand up shows entitled “This is NOT normal”. Back then, it was all about Brexit – now that time seems very normal indeed. After current lockdown measures are eased I can see the new normal being less office time, more Zoom & Teams meetings, and occasional socialising at home with trusted friends. There will inevitably be business closures in some sectors but for most in the Tech sector, I suspect the personal disruption will prove greater than the businesses disruption – and it could actually open up new opportunities.
As for M&A transactions, these are still happening though activity levels are understandably lower. If you didn’t see our webinar a couple of weeks ago about the impact of Covid-19 on M&A and would like to, let us know and we can send you a link. One of the conclusions was that now is an excellent time to take stock and prepare.
If you would like to find out more about what you could be doing, why not book a 1-to-1 clinic (in confidence, of course) with one of our Directors of Corporate Finance. Until further notice we are running these every Wednesday morning on a first come/first served basis as online meetings. So if you’d like to have a chat over a coffee (sorry, but for now you will have to provide your own!) – let us know and we can arrange it.
In the meantime, take care and keep safe.