With all the associated risks and complexities, there’s a lot to think about. And it won’t just be you who’s affected – it could also mean big changes for fellow directors, shareholders, employees, investors and even family.
That’s why it’s imperative to examine all options available to you.
But you’re not alone. Here at Mazars, we understand it can be difficult to know where to start, which is why we’ve put together this guide. It may be that you’re looking to sell your business, or you’re simply looking for the right partner to help fund future growth. Whatever your initial thoughts, this guide is designed to help owners and directors consider their best move for the future.
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As a business leader, you may be thinking about your retirement, and in that case, who will take over the family business. Thinking about what’s next means looking at the company at an operations, management, and ownership level.
If you wish to exit your business, there are a range of options available. You may consider selling your business to a third-party buyer in a business to business sale sometimes referred to as a trade sale.
In recent years there has been a lot for business owners to deal with from the Covid-19 pandemic, to navigating inflation and now it’s cost of living impacts. While larger businesses often have the financial backing to counteract these difficulties in the short term, SMEs need to be more resourceful.
Debt can sound daunting for business owners but actually can be a cost-efficient way of obtaining the finance required in the short to medium term to realise growth and expansion plans.
When you are selling your business, one important area which is often underestimated is undoubtedly the financial due diligence (FDD) exercise. FDD involves the prospective buyer analysing the financial data of the company for the last say 3-5 years and its future forecasts.
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