Grant Thornton promotes Adam Hughes to director

29 September 2023 Consultancy.uk 2 min. read
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Grant Thornton's national finance team has added Adam Hughes as a new director. Specialising in debt advisory, Hughes will be based in the firm’s Bristol office.

Peter Jennings, corporate finance partner at Grant Thornton, said, “Adam’s promotion is a fantastic testament to his skills and achievements as well as Grant Thornton’s commitment to growing our national debt advisory service across Wales and the South West. Building on a culture that prioritises the development of our people ensures that we are well placed to continue growing our capacity for delivering excellent levels of client service across the region and beyond.”

After eight years at NatWest and RBS, Hughes joined Grant Thornton as an associate director in 2021. Since that arrival, he has helped to grow Grant Thornton’s national debt advisory team from two to seven people and is looking to increase further. According to the firm, this is “testament to significant investment in the team and a rising demand for its expertise.”

Grant Thornton promotes Adam Hughes to director

The team works with private businesses and financial sponsors on raising and refinancing debt to help firms find the right lender and debt products. As a director based in Bristol, Hughes will now become a key part of the debt advisory team’s leadership. He will focus on delivering debt raises for a wide range of purposes such as M&A, expansionary CapEx, growth capital, refinances, and recapitalisations. 

Speaking on his promotion, Hughes added, “I’m excited to be taking up a leadership role in Grant Thornton’s debt advisory team, especially as there’s a significant requirement in the market right now for this type of advice. There’s a lot of entrepreneurial companies that are looking for new ways to grow, innovate and develop, and we can help them navigate the increasingly complex debt markets they’re facing to ensure they have the insight and knowledge to meet their goals.”

Grant Thornton has seen demand for these services “across the board” in 2023, with especially high levels of activity in healthcare; technology, media, and telecoms; recruitment and training; nurseries; and business services. In the months ahead, Hughes expects this to continue, as in the current interest rate environment, “it’s even more vital for businesses to look at their funding structure and understand if it’s right for them or if they need support to talk to lenders.”