Coalfields Funds

Coalfields Funds exit from Finch Consulting

The Coalfields Funds, managed by Mercia Fund Managers, have exited from Finch Consulting, a health and safety engineering consultancy that works across a variety of sectors and provides global services to companies, including Nestle and Merlin Entertainments. This exit from Finch Consulting takes us to three successful exits for the Coalfields Growth Fund which are part of the family of Enterprise Ventures Growth Funds.

Finch Consulting is a professional services provider of specialist legal insight and engineering consultancy to clients from a broad range of sectors, including finance, leisure and manufacturing.

In March 2012, Coalfields Enterprise Fund and the Coalfields Growth Fund invested £1.2million into Finch Consulting. The investment was made alongside a debt package from the Co-operative Bank.

The investment provided funding for a management buyout of the business from its original founder Bob Mitchell, who started the company in 1991 and remains with the business as an associate.

Paul Taberner, Investment Director at Mercia Fund Managers, said: “Finch Consulting provide valuable expertise in health and safety regulations and processes and has an impressive client base which has grown significantly over the last five years. We are pleased with the funds’ overall performance and have a number of existing investees performing strongly and reporting increased profitability.”