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Understanding Insolvency (Part Two) The subject of last month’s newsletter was what your duties as a Director would be if your company runs into financial difficulties.  We covered the different types of insolvency procedure and suggested that your first step should be to take independent legal advice. In this month’s newsletter we highlight the risks […]

Directors’ Duties: Companies in Financial Difficulties Our newsletters over the last few months have been about planning for your exit, which most of us hope will mean retirement on a sale of your company. With the economy picking up you may be thinking about how to plan for that retirement. But, as we come out […]

Exit Planning – Step 8 – Closing down your company This is the eighth and final newsletter in our series on planning for your exit.  In the last three months we covered the trade sale, the management buy-out and the family transfer. This month we consider what to do if you come to the conclusion […]

Exit Planning – Step 7: Using your will to transfer shares in your company This is the seventh newsletter in our series on planning for your exit.  In January we considered how you might exit via a trade sale and in our February issue we looked at the pros and cons of selling to your […]

This is Part 1 of the Sixth Step in our series on planning for your exit.  Last month we considered the pros and cons of a trade sale as a route to retirement. This would mean selling to another company, possibly a competitor, and not a financial buyer or your management team. Most people assume […]

This is the fifth newsletter in our series on planning for your exit.  This month we consider how easy it might be selling your company to a trade buyer: by that we mean another company, possibly a competitor, and not a financial buyer or your management team. Last month’s issue was about the importance of […]

This is the fourth newsletter in our series on planning for your exit.  In the first month we considered the importance of appointing a lead adviser.  In month two we discussed the importance of taking stock and determining your personal objectives.  Month three asked the question, do I need to have my company valued? Now […]

This is the third in our series on exit planning for you as owner-manager. In the first month we focussed on the importance of appointing a lead adviser. Last month we discussed the importance of being clear on your personal objectives and the alternatives available to you as the owner. We now need to turn our attention to whether it would be a good idea …

Last month’s blog was the first in our series about Exit Planning: how you as an owner‑manager should start the process of planning for your retirement. We emphasised the crucial importance of having a lead adviser to guide you on what may well be a challenging journey. So having taken that first step …

Those of us who start and run our own companies have many decisions to consider. A key question that we may be inclined to put off asking ourselves is “when and how will I retire?” But putting this off indefinitely will not be good for you or your company. Over the next twelve months I plan to give you my thoughts on this subject in a series of newsletters …