Selling your small business can be a daunting task, especially when you've invested your heart and soul into building it. However, my advice to every entrepreneur is to consider their exit strategy. This guide explores the benefits and steps of an MBO. Remember, UK...
Finance
The Cost of Not Taking Risk Seriously
Charities and PLCs have long been aware of the need to assess risk but there is little sign of Owner Managed Businesses following suit. The reason is that the first two have the need to assess risk enshrined in recommended practice (although judging by recent reports...
Using Your Assets to Secure Funds for SME Expansion
I’m often asked about alternative ways to raise funds for business expansion. SME’s still struggle to access finance through traditional routes such as bank loans but one way to access the finance you need is to take advantage of your assets. Small and Medium-sized...
A Comprehensive Guide to Identifying the Perfect Buyer for Your Business
As a business owner, selling your business involves one critical task—finding the perfect buyer. In this guide, we will walk you through essential steps and factors, optimising your journey to maximize your business's value and achieve desired outcomes. Thorough...
Mastering Business Pivot: A Guide to Navigate Change and Seize Opportunities
We are often asked when is the right time to change a business, what are the signs to adapt? Pivoting a business—making substantial changes in core strategy, product offerings, or target market—can be the game-changer between survival and failure. This article delves...
How to keep your business on the road
What do we look for when we consider the risk of financial distress? A recent review of a sample of ten companies showing signs of being "at risk of financial distress" found five had an "emphasis of matter" in their auditor's report, and the other five had one or...
How to rate your accountant
A 31 March year-end is popular. But this may mean your auditor and accountant are squeezing your work into their busiest time of year, with a resultant loss of focus on your business affairs. Review whether you need your work done at a time of the year when the team...
Changes to R&D Tax Credits: What You Need to Know
There have been many changes made to the UK R&D tax relief schemes. Much of what was previously mooted by the Government has now been ratified and some additional details on how the changes will work are available. Headline summary: Most striking is that R&D...
Changes to Capital Allowances in the Budget
There has been some positive news for claimants of Capital Allowances for Property Embedded Fixtures and Fittings in the Budget As expected with the increase in corporation tax taking effect from 1/4/23 the Super Deduction will end - this was designed to give you...