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GlassRatner's Team

Nick Welch

Senior Manager

[email protected]

Main: (404) 835-8858

Mobile: (404) 513-9298

Fax: (404) 435-8868

Areas of Expertise

  • Due Diligence
  • Interim Management
  • Valuation
  • Cash Flow Projections
  • Forensic Accounting
  • Regulatory Consulting
  • M&A
  • Accounting
  • Turnarounds/Restructurings

Industries

  • Construction
  • Healthcare
  • Hotel & Resorts
  • Retail
  • Restaurant

Experience

  • 16 Years of Relevant Experience

Education

  • BPP Professional Education - ACA qualification
  • SEEVIC College - Advance Level English, Law and Psychology
  • King John School (Higher Education) 6 GCSE grades A-C

Professional Designations

  • ACA
  • FMAAT

Nick Welch, ACA, FMAAT, joined GlassRatner in 2017 as part of an exchange program with the firms UK affiliate Begbies Traynor Group plc (“BTG”).  BTG and GlassRatner are both founding members of BTG Global Advisory. When Nick joined BTG in 2012, he initially provided Independent Business/Solvency Reviews. These reviews provided recommendations to the main high-street banks (Barclays, Lloyds, Santander and HSBC) for their ‘Business Support’ customers across many sectors including Travel, private and public Healthcare, Property, Retail and Financial Services. The reports typically involved assessment of debt structures, serviceability, cash flow management and strategy reviews.

Nick has since developed into other areas of BTG’s service lines including Valuation, Forensic Accounting, Turnaround Management, Corporate Finance and Insolvency.

Nick has undertaken many engagements reporting directly to a Partner and delegating to more junior staff where appropriate. His recent assignments include:

  • 7-month turnaround assignment placed in a National Health Service hospital placed into ‘Special Measures’ by its regulator. Nick led four key projects focused around improving income, consultant performance, minimising agency staff spend and service contract viability reviews;
  • Valuation of a publicly listed private equity fund’s portfolio of SME investments for the purposes of a solvent liquidation and distribution to shareholders. The portfolio contained 7 private trading companies in Logistics, Travel Management, Restaurant, Healthcare and Office Supplies sectors. The value range of the portfolio was £60m to £70m;
  • Valuation of a £3m revenue recruitment business for M&A purposes;
  • Valuation of the share capital of a software provider with revenues of £2m involving a minority shareholder dispute for an out of court settlement mediation;
  • Forensic analysis report for a Contentious Insolvency litigation case involving the Director of a ‘high-end’ property developer who had liquidated the company after extracting preference funds. The litigation was successful and enabled a £1.2m recovery to unsecured creditors;
  • Forensic investigation and transaction tracing of funds of a divested subsidiary of an acclaimed touring band where management fees had been diverted contrary to the terms of the contract (case ongoing);
  • Acted company side to a 130-company property development group based in Isle of Man with £300m bank debt using ‘entity priority model’ assessment of returns to secured creditors. Reported on group restructuring options available to minimise risks to the group’s core property portfolio. Due to shortfall in asset values against bank debt £18m debt forgiveness was agreed with the main lender;
  • Fundraising for a smartphone application in the music messaging space;
  • Financial Due Diligence for a private equity client acquiring a stock-broking/market making company for £3m. Guided through change of control process and capital adequacy regulatory criteria pre- and post-acquisition;
  • Financial Due Diligence for a private equity client acquiring a global payment procession and gateway provider being. Transaction value €30m.  Sell-side advisors being Houlihan Lokey who operated a strict process and deadlines;

Prior to joining BTG and GlassRatner, Nick worked at a regional accounting and taxation practice where he developed a deep understanding of the Small and Medium Enterprise (“SME”) business sector in the UK, dealing with mainly entrepreneurial clients. As an audit senior he went on to join Elman Wall, a travel sector specialist audit, taxation and advisory practice in London’s West End where he was promoted to Audit Manager within two years and managed a portfolio of ‘high-end’ niche tour operator and travel agent clients, dealing with regulators including aviation licensing regulators and consumer protection groups. During this time Nick managed clients across other sectors including Property, Education and Retail.

 

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