Business Support – ‘Looking Forward’ – A Proactive Approach

As we approach a key period of the UK’s economic recovery, this edition of Gambit's business support series focuses on the benefits of adopting a proactive approach in determining what developments and considerations may arise for business owners in the short to medium term.

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Attention has been drawn towards what a potential Autumn address from the Chancellor could entail for the business community. With much speculation currently surrounding the address, we set out the latest areas which business owners should consider in order to ensure that they are not caught out by potentially significant changes. As an alternative to the external route of selling to trade or financial buyers, we anticipate that management buy outs (MBO) or employee buy outs will be a popular choice for vendors in appropriate circumstances.

We would encourage business owners to adopt a proactive view of the rumoured changes to the current capital gains tax regime. If you would like to discuss the options available and considerations in preparing your business for exit, please contact a member of the team.

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