Introducing Our New Consultancy Market Insights Newsletter: February 2024
We are thrilled to introduce our brand-new monthly market insights, designed exclusively for consultancies.
In each edition, we will unwrap a curated collection of deals we’ve successfully closed throughout the month, providing you with an exclusive peek into our triumphs. But that’s not all – we’re committed to going beyond the surface. Our team will also delve into emerging trends, sharing unique insights that we believe are shaping the landscape now or in the coming months.
Why should you be excited about this newsletter?
🌐 Stay Informed: Get firsthand knowledge of the latest deals and projects we’ve undertaken, showcasing the diverse and impactful solutions we bring to our clients.
🔍 Spot Trends Early: Gain a competitive edge by accessing our team’s insights into current market trends, helping you anticipate shifts and make informed decisions.
🤝 Build a Connection: Join us on this journey as we build a community of industry enthusiasts, sharing knowledge and experiences to foster collaboration.
🚨 Deal Highlights: Sonovate Success Stories Unveiled 🚨
January and early February have been a whirlwind of success in the Consultancy channel at Sonovate. We’re thrilled to share that we’ve successfully onboarded and funded 6 new consultancies, releasing over £1m in capital. Here’s a glimpse into the diverse sectors we’ve supported:
£10m t/o Consultancy – Debt Recovery
£3m t/o Consultancy – Tech & Built Environment
£3m t/o Change Management Consultancy
£4m t/o Out-tasking and Business Optimisation Consultancy
£300K t/o SAP Implementation Consultancy
£3M T/O – Digital Product Design and Implementation Studio
£100K Start-Up – Fintech Software Development
This showcases the breadth of specialisation and the range of businesses we can support, from £100k to £10m. Sonovate is committed to helping businesses grow through our tailored funding solutions. Let’s fuel your success together!
Insider Perspectives: Market Insight
by Oscar Phillips, Consultancy Channel Lead:
Despite the challenging market conditions, marked by lost projects and sluggish client decision-making echoing patterns from 2023, we’re thrilled to already announce the onboarding and funding of six consultancies.
Though times aren’t exactly booming for the consutlancy market we’ve observed a noteworthy trend. Some consultancies are successfully navigating challenges by embracing agility in their approach, enhancing services, and delivering added value to clients.
Sonovate’s funding is always exciting when directed towards business growth, yet we also serve as a valuable resource to support your cash flow during challenging times.
by Ross Winter, Business Development Consultant:
Domestic uncertainty has resulted in a tough climate for growing consulting businesses. With talent scarce, projects being delayed and indecisive clients remaining a consistent theme throughout the conversations we’ve had this year, many consultancies have taken measures to escape uncertainty at home by seeking international opportunities. Already this year, we’ve had reviews for Statements of Work in France, Switzerland, Germany and the US among others. Consultancies who have been able to remotely work for international clients have benefitted massively from this, and have been able to continue growth in defiance of tough market conditions. Sonovate can support Consultancies working with clients internationally, releasing the value of your invoice within 24hrs, in GBP, EUR, USD (other currencies available upon request).
by Daniel Lewis, Business Development Consultant:
So far this year, uncertainty around when consultancies will be paid has been a significant challenge for those aiming to grow their businesses. However, two consultancies have found a solution to this by leveraging Sonovate’s services. By partnering with Sonovate, these consultancies have gained the assurance that they will receive payment within 24 hours of completing projects, regardless of external market conditions. This certainty has empowered them to confidently take on new projects and continue scaling their operations in 2024. With Sonovate’s streamlined payment processes eliminating cash flow uncertainties, these consultancies can focus their energy on delivering high-quality services and pursuing growth opportunities without being hindered by financial concerns. As a result, they are poised to thrive in an environment where agility and confidence are paramount for success.
While working with specialist talent to deliver its growing number of projects, BML had to rely on significant investments upfront, which were particularly challenging when project timelines shifted.
Before discovering Sonovate, BML was self-funded and bootstrapping its operations. Watch below to find out Sonovate supported BML with their funding.
