Contact one of our advisors now Call 0800 088 6004

Phone or video appointments available. Visitors by appointment only please. COVID19 risk assessment - CLICK HERE

Make sure your business isn’t on a road to nowhere

Reasons to choose Wilson Browne

When your business is operating successfully and your financial future looks secure, it can be hard to stop long enough to consider your exit plan.

Whether an exit is years away, just over the horizon, or not in your game plan at all, a succession plan is vital to ensuring the continued success of a business, something which Covid-19 has taught a lot of businesses in the last few months.

Succession planning takes time, it is something that needs consideration and should not be rushed. When prepared correctly it can maximise a business’s sale price as well as appeal to a wider market of buyers. A well-crafted succession plan aims to benefit everybody—the departing owners, the business, the employees, and the successor, so it is important to seek early advice on how to get it right.

Selecting a business successor is a fundamental objective of planning an exit strategy, but it requires a careful assessment of what is wanted from the sale of a business. There are many ways to exit a business including, for example, the transfer of ownership to family members, a sale to a third party, a full or partial management buyout, or even a solvent liquidation and there is no one-size-fits-all approach.

If you are thinking about selling or exiting from your business, Wilson Browne can help you plan the process and maximise the value of your business. We have a reputation for being approachable and pragmatic, and our Corporate & Commercial team are able to provide professional and friendly advice.

For an initial no-obligation discussion please contact the Corporate & Commercial team on 0800 088 6004.

 

Duncan Crowther

Posted:

Duncan Crowther

Partner

Duncan is a Solicitor and Partner. He specialises in giving corporate & commercial, and employment advice to businesses and companies throughout the region. Duncan has a background in engineering and is well equipped to understand the most complex of contracts and issues facing businesses.