Owner-managed Businesses - Putting Success into Succession: - 06/09/2007
Passing an owner-managed business to new shareholders is invariably an emotional and stressful experience. It is usually necessitated by retirement or bereavement, so the time is wrong for important decisions affecting the future of the business.
However some action beforehand may be all you need to prevent a flourishing company from turning into one that flounders.
Passing the Baton - encouraging successful business transfers, a 2004 report from the DTI's Small Business Service says 610,000 small and medium sized enterprises throughout Europe are expected to change hands in the next ten years and only a few will survive the original founder.
Whether you are considering retiring, selling, handing over the reins or realsing cash from the business, thinking well ahead is critical.
A well-timed and systematic approach is essential and Baines Goldston Corporate Finance, an associated company of the Firm has substantial experience in these areas of specialisation.
If you wish to develop your ideas, opportunities and exit strategies, give Andrew Fotheringham or Greg Bolton a ring on 01642 632032 for a free initial discussion.
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