Advisory & corporate finance
In short Only 4% of UK businesses grow beyond ten staff Sales development that stalls after product-market fit The talent and productivity gap Access to finance Infrastructure to build on Leadership that has to develop with the business ‘Only 4% of UK businesses grow to have more than 10 staff’ is the worrying statistic released … Continue reading Top five reasons why businesses fail to scale
Value creation is an integrated approach to optimising shareholder value. Value creation is based on developing and applying value drivers (sometimes called ‘value builders’) that help articulate commercial development and also support higher transaction values. By not drawing on the experience of best practices successfully applied by other businesses, founders can risk leaving money on … Continue reading Time to focus on value creation
In short The discount applied often moves value more than the multiple Transaction comparables: multiples paid for similar businesses Trading comparables: multiples of similar quoted businesses Discounted free cash flows: the present value of future cash Net assets: the market value of assets and liabilities Business valuations are typically assessed by using one or more … Continue reading How do you drive value when selling your business?
Research and Development (R&D) tax relief has been part of the tax landscape since its introduction in 2000. The rules are not particularly intuitive so the regime is regarded by some as complex. Further changes announced in the Autumn Statement 2022 mean there is an increased potential to trip up going forward. Here is our … Continue reading Don’t get caught out by changes to the R&D tax regime
In short The main rules are simple; the conditions around them are not A dual SEIS and EIS round not split into separate tranches Directors investing without care over connection and pay Funds not going to a qualifying trade Investor shares carrying preferential economic rights Trading for more than three years for SEIS, or seven … Continue reading SEIS and EIS Pitfalls
In short The conditions run to the termination date, not the share issue Appointing a shareholder, or their relative, as a director Receipts of value, including a buyback from any shareholder A change or diversification of trade beyond the 20% rule Acquiring an older company, which moves the first sale date Changes to shareholder rights, … Continue reading Ongoing risks for venture capital reliefs such as EIS
In short Flexibility: time, cost and skills matched to what you need Affordability: senior capability without a full time salary A business partner, not only a technician Best fit: a team’s range rather than one person’s breadth Part time finance directors are a popular choice for high growth and ambitious business leaders. If you are … Continue reading Four key benefits of having a part time finance director