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Scottish Draft Budget
Finance Secretary Derek Mackay delivered the 2018/19 Scottish Draft Budget on Thursday 14 December 2017 setting out the Scottish government&...Read more >
3 Jan 2018
Charities bound by new Fundraising Preference Service
A new service is now available for individuals who want to limit the contact they receive from charities. The Fundraising Preference Service...Read more >
4 Aug 2017
Queen’s Speech and proposed legislation
The Queen delivered the 2017 Queen’s Speech on 21 June which set out the government’s agenda for the coming parliamentary sessio...Read more >
14 Jul 2017
Solihull Chamber News Column - 24th August 2017
The Chamber’s Quarterly Business Report (QBR) always highlights some interesting information on what is happening in the business worl...Read more >
24 Aug 2017
Solihull Chamber News Column - 10th august 2017
As Brexit becomes a reality, the Chamber of Commerce’s International Hub is stepping up its drive to encourage and help businesses to ...Read more >
10 Aug 2017
Solihull Chamber News Column - 20th July 2017
I read recently that the amount of cyber-attacks targeting businesses has increased by more than half in the second quarter of 2017, accordi...Read more >
20 Jul 2017
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