Planning for the day when you leave your business will help make sure you maximise the rewards for your years of hard work.
Building a business can take many years of hard work, so it’s only right that when it’s time to leave, you’re able to make the most of the rewards for your vision and commitment. By planning well ahead of time and taking steps to add value where you can, you’ll help make sure that when the time is right, you can exit relatively quickly and leave the business in great shape for what comes next. The value ultimately achieved on exit will depend on factors such as market conditions, buyer demand and the future performance of the business.
With the help of our expert team, we’ll guide you through the process of planning and implementing your exit strategy, even if it’s years before you want to leave. Subjects we’ll help you consider include:
- Profit increases
By increasing profits year on year, you raise your business’s perceived value. However, future profitability and business valuations can never be guaranteed.
- Getting accounts in order
By giving a true picture of the business, you’ll be ready for any due diligence processes that may be required in the future.
- Customers and suppliers
Over-reliance on a few customers and suppliers could undermine the value of your business, so it helps to expand your range.
- Contracts
Long-term contracts with key staff, managers, customers and suppliers can be reassuring to future buyers.
- Capital gains tax
We’ll take you through the ways in which you can maximise your capital gains tax reliefs and ways to avoid losing out on it. The availability and value of tax reliefs will depend on your individual circumstances and the tax rules in force at the time, which may change in the future.
Please note that some elements of exit strategy planning could involve us referring you to other services and providers that are separate and distinct to St. James’s Place.