Qonnectis (now Water Intelligence): Securing bridge funding and completing a reverse takeovercase study
Made Tech Group
Congratulations to Made Tech Group plc (AIM: MTEC) on their recent AIM IPO. We were delighted to have had the opportunity to work with them on this transformational transaction!
Made Tech is a leading provider of digital, data and technology services to the UK public sector, and CFPro was engaged by the company early on in the IPO process to provide additional resource to support the CFO and finance team with the conversion of its UK GAAP financial statements to IFRS for the last three years. In addition, with our extensive network, we were also able to support them with building their independent supervisory board.
A Successful Result
An IPO requires the management of multiple workstreams, and introduces additional demands on business resources, especially the finance team. CFPro was able to provide the additional expert resource to focus on the IFRS conversion of the three year historical track record for inclusion in the Admission Document, enabling the finance team to maintain their level of focus upon the underlying fast-growing business.
We worked closely with the CFO, finance team and the company’s reporting accountants, Crowe, providing hands on senior finance support and expert guidance to help ensure the timetable was met and the IPO successfully completed.
Executing an IPO is challenging and key to its success is ensuring that you are fully prepared and have sufficient time and resource to dedicate to managing the process, as well as operating the business as usual. With CFPro by your side, you will have the people and experience to help you prepare for and execute your IPO.
Congratulations again, in particular to Rory MacDonald, but also to all involved on this transformational transaction!