Partner, Jeff Barber and Emma Hargreaves of BTG McInnes Corporate Finance in Manchester have advised Two Feet for Kids Ltd in the successful launch.
The new company which will have its head office in xx has been funded by the management team and private high net worth investors.
The business is an exciting new concept which allows parents to buy children’s shoes through the schools at their own convenience – taking away hours of waiting in shoe shops. In addition, the schools retain some of the profit on the sale of the shoes, providing them with an additional income stream.
The concept has been praised by both schools and parents and in a matter of weeks, more than 75 schools have signed up to the scheme. The formal launch however will take place in late August or early September to coincide with the start of the new term.
MD of Two Feet for Kids Ltd, Conor Quealy said: “listening to my wife and other mothers constantly complaining about the difficulties of buying school shoes made me realise that there had to be a better way of doing it. With the help of Jeff Barber and the team at BTG McInnes, the concept has become reality.”
Jeff Barber added: “We meet many people looking to start a new business which at the best of times is difficult but even more so now. However every now and again, we meet someone whose concept is so clearly viable that we have no question in taking on the assignment. This is one of those occasions.”
Jeff has 30 years experience in corporate finance, during which time he has advised on a broad range of industry sectors and transactions ranging from start ups to £100m+ MBOs.
Jeff joined BTG McInnes in 2006, bringing with him a specialist team, who now concentrate on acquisitions, disposals, MBOs/MBIs & raising development capital, predominantly in the owner managed SME sector. He has also completed in excess of 20 deals in the last few years, involving business angel investment.