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Succession planning

It’s never too early to start preparing your business exit plan, however far away that may be. Many business owners put off planning until it’s too late and rush into a sale, leading them to under value the business and preventing them from achieving the greatest return.

Looking to exit your business?

To help you plan for your future and the succession of your business, we've developed a succession programme that will get you on track to maximise value, prioritise your goals and, when the time comes, leave your business with the best deal possible. Click the banner below for more information on our Exit Pathway Programme.

Exit Pathway programme

Your Exit Pathway is tailored to your exact requirements, based on the three core stages:

1. Plan and define

Firstly, we need to establish where your business is now and where you want to take it to. Our team will help you define your goals as shareholders in terms of timing and value, review your current business strategy, and perform a current valuation. We'll talk you through the different types of exits including sellingmanagement buy out or employee ownership, comparing the relative merits and risks of each route, to ensure we pick the exit option best suited to you. The advice will be combined into an action plan for the business to grow to the desired exit valuation and ambitions. 

2. Refine and explore

Having defined the exit path which is right for you and the business, we will regularly test and redefine the transaction to ensure your end goal remains suitable and achievable. We will start to explore the market and support you through this to lay the groundwork for the next phase. 

3. Realisation - exit process

After executing the action plan to maximise business value, your exit process will begin, either by starting a formal process to put your business to market, or by evaluating a direct approach. Our team can advise you on the right deal, ensure that it’s on the best possible terms, for the greatest return, and that the completed deal is the same as the one agreed at the outset.

If you have a £1m+ EBITDA business with an exit on the horizon, fill out the form below to talk to our experts about our Exit Pathway programme. 

Estate planning and personal tax advice

The value of your business upon exit can have a huge impact on your plans for the future and retirement. When the exit deal is complete, we can work with you to create a personal plan to protect your future, and that of your loved ones and dependents. Your exit may have removed assets that qualify for relief from Inheritance Tax (IHT), and replaced them with assets that will be subject to IHT. Alongside comprehensive estate planning, we can work to improve the IHT position on your death or mitigate the loss of any IHT relief.  

If you own a business, or an interest in a business, your estate may be entitled to relief from IHT, through Business Property Relief (BPR). If your exit arises on death, we can support your loved ones with helping to deal with the estate or any trusts created, claim any tax relief available, and sell the business on if required.

Our aim is always to make the complicated simple – or at least as simple as it possibly can be. Click here for more information on how we can support you with wills and estate planning.

Speak to an expert
Speak to an expert

Fill out the form below and one of our succession planning experts will be in touch to discuss how we can work together.

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