Brabners Private Equity and Venture Capital team have advised Business Growth Fund on its £3 million growth capital investment into Sentric Music.
Launched in 2006, Liverpool headquartered Sentric Music works with more than 90,000 songwriters, providing music publishing, licensing opportunities and royalty collection services.
Business Growth Fund’s investment will assist in funding Sentric Music’s international expansion plans, product development and future strategic partnerships and acquisitions.
A newly established North West networking group, Future Boss Club, marked its arrival with an exclusive launch event in Liverpool last week.
The launch event welcomed both rising talent and decision makers to explore the forward-thinking concept. Alongside the networking opportunities, guests were treated to a trio of inspirational talks from Chair of Future Boss Club Rebecca Keegan, Chief Executive of The Liverpool Knowledge Quarter Colin Sinclair and Chief Executive of The Women’s Organisation Maggie O'Carroll.
More than £1,000 was raised when individuals from law firm Brabners took part in a sponsored sleep out in aid of the homeless charity Crisis.
Several people at the firm agreed to give up their time (and their warm beds) to sleep-out in a basement car park in Manchester.
Commercial law firm Brabners has strengthened its commercial, intellectual property and sports practices with three new hires.
Victoria Trigwell joins the firm’s commercial and intellectual property team as an associate, alongside intellectual property and trademark administrator Ioana Ghiurco. Andrew McGregor has been hired as an associate in the sports practice.
Brabners chairman and Wirral resident Stephen Burrows has been appointed as the next High Sheriff of Merseyside by the Queen. Stephen, who has been one of the county’s Deputy Lieutenants since 2014, said ‘it is a great privilege” to take up the role.
Richard Roberts, partner and head of the retail sector at Brabners, said: “In the lead-up to the budget, organisations across the country were hoping for more details on how the government would cushion the blow of the business rates revaluation. To an extent, that’s what we got. The chancellor’s three-point plan, aimed at helping certain smaller businesses and those hardest hit, will be some comfort to SMEs in the South East that were fearing tax increases of up to 70%.
Mark Rathbone, partner and member of the supply chain and logistics sector at Brabners, said: “Detail on transport infrastructure was perhaps not as expansive as many businesses would have liked. The £90m for road improvements in the North will be welcome news for commuters and hauliers, though it is not a huge allocation given government’s plans to increase national infrastructure spend to 1.2% of GDP per annum.
Mark Rathbone, partner and member of the supply chain and logistics sector at Brabners, said: “The Spring Budget represents a real opportunity for the Chancellor to flesh out his plan for transport infrastructure investment. The government has stated that 1.2% of GDP will be set aside annually. What we need now is a clear outline of how this money will be spent nationally and where.
The controversial business rates revaluation could encourage companies to swap premises in the South East for sites in the North, according to commercial law firm Brabners.
From next month, the government will adjust the rateable value of business properties to ‘reflect changes in the property market’. Rates are currently set according to the open market rental value of a property on April 1st 2008.
Critics of the revaluation say that it will lead to unsustainable tax increases in areas where property values have risen significantly, such as the South East.
The Government has published changes to probate fees which will affect people who have recently suffered a bereavement.
The changes, which come into effect on 1 May 2017, will affect all individuals inheriting an estate worth more than £50,000. Those inheriting estates worth more than £2million will be hit by a fee increase of more than 9,000 per cent - a rise from £215 to £20,000.