Succession planning: Plan now for the future

At a recent round table event held at the University of South Wales Newport campus, attended by local businesses and intermediaries, the key message was that even though it may seem a lifetime away, it's never too early to start succession planning. Exit planning should be part of an SME business owner's long-term plan. And that planning should start now.

Our dedicated SME Support Team at Beavis Morgan works with individuals not only to to set up their businesses, but to guide and mentor them through the various challenges of each business lifestage, whilst always seeking opportunities to reduce their tax bill, and enhance wealth accumulation and succession planning, in order to maximise your personal wealth and reap the rewards from all your hard work.

We understand the issues that surround succession which can take many forms such as passing the business on to family members, a sale to staff, buy out of a retiring shareholder, trade sale or Stock Exchange listing to name a few of the choices.Our specialists are available to:

– Prepare the business for sale or flotation

– Value the business and its intellectual property

– Provide sales negotiation and completion

– Raise funds for buy-outs or buy-ins

– Act as reporting accountants on IPO’s

– Minimise exposure to capital taxes, by ensuring the availability of Entrepreneurs’ Relief

Whether you are selling a business or looking to buy, we are also able to provide specialist expertise in sourcing finance for SME businesses, enhancing cash flow liquidity and enabling successful transactions.

For further information, contact Steve Govey or your usual Beavis Morgan Partner.