Smartphone owners will spend way more money

18 November 2012 Consultancy.uk

Smartphone owners will spend more money than other consumers during christmas and end of the year periods. A lot more, because their total expense lies 72% higher than that of other consumers. That is what advisory firm Deloitte concludes based on an investigation among 5.000 American consumers.

Smartphone owners

According to Deloitte, 68% of smartphone owners, who usually belong to the more capital poweful customers, will use their devices as a shopping guide and buying platform during this period. On average with these activities a sum of $ 1.428 will be spended. That is 72% more than other consumers. According the report it has to be expected the turnover related to smartphone related activities will represent an amount of $36 billion. With this, smartphones will make up for 5,1% of the total end of the year purchases.

Deloitte - Smartphones

Mobile commerce important to retailers

According to Deloitte it is necessary that retailers will not only focus on direct sales, but also use mobile platforms to reach different consumers in different manners.  Deloitte says it expects retailers will try to attract these consumers with applications, wifi-access and special promotions. Also personnel of the actual phsysical shops should be prepared for these activities.

“The shop will remain the most central spot for end of the year purchases, but its role shows a distinctive shift” Deloitte added. “ The physical and virtual shopping experiences are coming together more and more.” Researchers concluded that according to 48% also social media will be incorporated in the shopping proces,  of this 54% says it will use social media to look for discounts, 53% looks for inspirition on buying gifts and 53% will use it to find product reviews.

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Grant Thornton advises on deal for high-growth cloud hosting firm

08 April 2019 Consultancy.uk

Grant Thornton’s North West Corporate Finance team has completed its first TMT deal of 2019. The professional services firm advised the shareholders of Hosted Desktop UK on their investment from specialist SME lender Beechbrook Capital.

Technological disruption and changing consumer behaviour have continued to affect top Technology, Media & Telecommunications (TMT) players in recent years. The industry has seen revenues border on stagnation over the past decade, at 0.4% annual growth since 2008. While the industry is keen to develop new digital services and models to meet market challenges, they face a range of barriers – meaning the recruiting of talent specialising in innovative software and technology has become a key goal for the industry.

Amid this, Hosted Desktop UK (HDUK) provides cloud computing services to small and medium sized businesses across the UK. The firm’s cloud solutions provide businesses with IT reliability, flexibility, value for money and business continuity. As the firm bids to grow in the UK, with demand for its disruptive technologies high, HDUK has secured a key investment from specialist SME lender Beechbrook Capital.

Grant Thornton advises on deal for high-growth cloud hosting firm

The transaction was Beechbrook Capital’s maiden deal from its latest UK SME credit fund, which supports small and medium-sized businesses in the UK with EBITDA of £1 million and above. Manchester law firms Pannone Corporate (sell-side advice, led by Mark Winthorpe) and DWF LLP (buy-side advice, led by Jonathan Robinson) also advised on the deal, while Grant Thornton’s North West Corporate Finance team advised HDUK’s shareholders.

The deal represents the Grant Thornton branch’s first TMT deal of 2019, with a team comprised of Partner and Head of Corporate Finance Peter Terry, Manager Daniel Brecker and Assistant Manager Cariad Mudford advising HDUK shareholders on the investment. It is the third key deal in the TMT sector that the GT North team has advised on in the last 18 months, following the £16.5 million sale of Salford-based Sonassi to Iomart in December 2017 and NorthEdge Capital’s investment in Yorkshire company iPortalis in August 2018.

Grant Thornton’s Peter Terry said of the news, “As our domestic and working lives become ever-more technology dependent, it’s no surprise that there continues to be strong investor interest in any asset in the cloud computing, data infrastructure and connectivity space… We were pleased to work with Beechbrook Capital on the first deal in its new fund. It shows that despite the well-documented uncertainties in the economy there are still good funding options for dynamic SMEs and their management teams.”