Succession Planning

Whether it is preparing the next generation of family or grooming a management team for succession careful planning is required to ensure the correct commercial and tax structures are in place to provide for shareholder exit and the stressful handover of your business. Our team are here to advise accordingly.

Where there is no obvious succession within the business or though family you must consider the alternatives much earlier than you would otherwise consider necessary. This may potentially include the grooming of you business for sale. It may be important to plan as to whether the sale will be a Management Buyout or a trade/third party sale.

The most appropriate route will depend significantly on whether an able management team already exists or if there is time to build/recruit one. The MBO option would be likely to be more straight forward and quicker than a trade sale, unless a potential acquirer has made an approach or is already known to the vendors.

Either sale option requires detailed planning and if there are significant changes to be made to the business to improve its performance prior to a sale, then the greater the time available for these to be undertaken the better.

In essence, whether it is simply passing the business to the next generation or selling to new owners, the issue of succession cannot be considered too soon.

Whether it be through a family buy out, a management buy out, or a third party sale, our expert Corporate Finance Team and business advisors are here to advise on the transactions and ensure the smooth succession of you business. 

Free, No Obligation Initial Consultation

Call us now to discuss further how we can help you or if you would like a quotation.

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