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Rising employment statistics
The Office for National Statistics has published the latest employment statistics which reveal:Read more >
12 Jun 2017
Advisory fuel rates for company cars
New company car advisory fuel rates have been published which took effect from 1 June 2017. The guidance states: ‘You can use the...Read more >
9 Jun 2017
Small Business Taskforce outlines priorities ahead of the General Election
The Small Business Taskforce has outlined its priorities ahead of the General Election.Read more >
8 Jun 2017
Solihull Chamber survey surprises
Last week Kevin Johns, Prime’s Managing Director and President of the Solihull Chamber, hosted the Solihull Chamber Breakfast. The eve...Read more >
17 May 2017
Are you based within the West Midlands and looking for a start up or business growth loan or grant?
If you are, then this could be the opportunity for you.Read more >
24 Jan 2017
What business can learn from sport
There are many correlations between Sport and Business, the planning and discipline that goes into being a successful athlete are equally ap...Read more >
8 Dec 2016
Contact Prime Today
To find out which exit option would suit your business, please contact us for a free initial meeting.Please Email Us >
Exit Planning and Disposals
Exit planning is an important consideration for any business owner. Whether you want to maximise your wealth at retirement or leave the business in safe hands.
At Prime Chartered Accountants we help you to think about your long term strategy. We ask about your goals and vision for the future. For example:
- Do you want to grow and sell your business for maximum profit?
- Do you want family members to take over?
- How much longer are you planning to spend working in your business full time?
There are a number of options available that you may not have previously considered, even for the owners of smaller businesses. If you are the owner of a family business there are some specific questions you should ask yourself:
- Does my intended successor have the right skills and abilities?
- Does my intended successor actually want to take over?
- Is my plan fair to all family members?
- Does my plan minimise the potential for conflict?
- Will family succession be tax-efficient?
- Is family succession the best option or would an alternative exit strategy, such as a trade sale or management buy-out, be a better option?
In the UK alone, 60,000 viable SME’s close each year due to the inability to find new owners. Contact us and let Prime help you maximise the value of your business exit.
Call Prime Today - we're here to help
To find out which exit option would suit your business and personal requirements, please call Prime for a free initial discussion.
Coventry - 024 7651 8555 or Solihull - 0121 711 2468