Business transactions in South Yorkshire expected to rise

Analysis of business transactions in the South Yorkshire region has indicated that the second half of 2011 is likely to see an upturn in the number of business deals being carried out.

The research, carried out in advance of the South Yorkshire Dealmakers Awards, has shown that many of the corporate finance advisers shortlisted for the awards are looking forward to a more buoyant period ahead.

The research was conducted by the editor of The Insider business information magazine, Richard Abbott, who sought the opinions of many of the region's top business brains.

Victoria Gribben, the director of Streets Corporate Finance, said that there were many more start-ups with working capital requirements, but there were also businesses that had been considering selling two or three years ago, but had traded out of the recession and returned to financial security.

"It is promising to see a phoenix of entrepreneurial spirit in the aftermath of a difficult couple of years," she said. "Businesses are stepping out once more and engaging in transactions."

David Forrest, from BHP Corporate Finance, said that there remained an element of caution from banks in funding any form of leveraged buyout, there would be a steady flow of acquisitions where the buyer is consolidating, making strategic acquisitions or picking up a distressed business.

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