Planning Exit Strategies

The reason to consider your need for effective business exit strategies is straightforward. The mass retirement of Baby Boomer entrepreneurs is triggering the largest transfer of wealth that this Country has ever seen.  Most have not engaged in any meaningful form of exit planning.

As a business owner, it is critical for you to understand the potential impact that the lack of an exit plan could have on the value and saleability of your business.

There are about one million UK businesses owned by the Baby Boomers.  The majority of these businesses will have to have a change of ownership over the next 10-15 years.  The supply of businesses coming to market will therefore increase and this could push overall business values down.

Most business owners have said they intend to sell their business on or before retirement in order to boost their retirement funds.  Clearly the anticipated sale value is a determining factor in when this can happen.

Getting the right strategy in place is the key to unlocking the maximum value from these sales.

Ideally, succession planning should start well in advance of the retirement or exit date.  The importance of doing so is to ensure that you are able to negotiate the best exit at a time that suits you rather than being at the whim of the prevailing market prices when retirement is necessary rather than desired.

In helping you with exiting from a business we advise you on:

  • Your overall exit strategy
  • Restructuring a group ahead of disposal
  • Valuation of the business
  • Assist with a management buy out
  • Act as lead advisor in a sale

At Smailes Goldie we are one of only a few firms offering a dedicated corporate finance team in the Humber region.

We’ve been here for more than 100 years supporting the businesses of the region so you can be sure that you will be served by a local team with excellent knowledge in the corporate finance sector.

Furthermore we have tax and accounting expertise within the firm to help with the financial and compliance aspects of such a deal.  We are focused on building long-term client relationships and as a result care about the quality of our deals.

Exit Strategy Guide
To request a FREE copy of our Exit Strategy Guide please either call the Corporate Finance Team on the number below or alternatively click on the button below.

Call our corporate finance team now on 01482 326916 for the Hull office or 01652 632927 for our office in Barton to arrange a free initial consultation to discuss your requirements.  Alternatively request a call back.

This firm is not authorised under the Financial Services and Markets Act 2000 but we are able in certain circumstances to offer a limited range of investment services to clients because we are members of the Institute of Chartered Accountants in England and Wales.

We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.


 

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