Last year the firm followed up its acquisition of McGill after it entered administration, with the purchase of Alliance Electrical, an Angus-based electrical services company.

It then outlined plans to acquire UK-based building services and facilities management companies with a collective turnover of £100m in 2020, and £300m in the next three years.

Despite unprecedented trading conditions, United Capital CEO Graeme Carling said the company’s deal pipeline continues to grow.

Mr Carling said: “When we announced our targets in December 2019 we never could have envisaged the current situation, yet our plans remain unchanged. We are actively engaged with several businesses at advanced legal stages and progress is being made every day.

“Our team remain active and new opportunities are presenting themselves daily. Whilst we obviously won’t acquire every business that makes contact with us, it is important that we speak to anyone considering selling.”

United Capital targets well-managed building services and facilities management companies operating in the UK with a turnover of £10m-£40m. The company reports that although the business community is obviously worried, many are choosing to remain active and prepare for the future.

Graeme Carling added: “Whilst some have chosen to sit back and weather the storm, our team remain active. The majority of business owners we speak to who are considering selling to us, are nearing, or of retirement age.

“These are people who have put everything into their businesses over many years and with the announced restructure of Entrepreneurs Relief, and now Coronavirus, are short on options. United Capital can provide an option for business owners looking for an exit and we invite them to get in touch directly.”