Sunak splashes the cash, but slashes Entrepreneurs’ Relief in Budget 2020

Posted on: 14 March 2020

Estimated Reading Time 6:00 minutes Chancellor Rishi Sunak unveiled the Government’s first Budget on Wednesday (11 March) in the House of Commons. Among the expansionary fiscal plans, the chancellor allocated billions to combat the economic disruption caused by COVID-19 with investments in public services, promised significant investments in infrastructure and made headline-grabbing R&D and business rates relief commitments. However, whilst we welcome the measures to protect the economy in the … Continue reading

How an interim finance director can help recruit a permanent finance director

Posted on: 12 March 2020

Estimated reading time: 6:00 minutes Hiring a finance director is a significant investment for a business, and the often-exhausting process usually comes at the most inopportune moment.  Our advice is to appoint an interim finance director to support the business through the transition and enable the CEO to focus on making the correct long-term appointment. In our latest blog, we introduce the role the interim finance director can play in … Continue reading

Overdue Accounts? Struggling to get your statutory accounts filed on time?

Posted on: 12 March 2020

Estimated reading time: 4.5 minutes Overdue accounts can be symptomatic of systemic issues within an entrepreneurial business. Many entrepreneurs do not have access to an experienced finance team and sometimes struggle to file statutory accounts at Companies House and tax returns at HMRC. How do early-stage and growing companies access help to avoid the potentially serious consequences of late filing? Overdue accounts can be the Achilles heel for early-stage and … Continue reading

How to value your technology business

Posted on: 04 March 2020

When we first start the process of preparing a client’s business for sale, the first question is usually “How much is my business worth?” followed quickly by “How can I increase its value?” The difficulty, in answering these questions, is that valuing a business is to a degree, more an art than a science and the answer is actually, ”it depends”. Ultimately, and it may sound cliché, but a business … Continue reading

Entrepreneurs’ Relief is vital for a successful entrepreneurial economy

Posted on: 03 March 2020

Estimated Reading Time: 4:00 minutes Since the introduction of Entrepreneurs’ Relief in 2008 and its subsequent expansion after 2010, many entrepreneurs have benefitted from the tax break and created new businesses and reinvested profits from previous enterprises as a result of the scheme.    Further developments over the weekend indicate Entrepreneurs’ Relief will be modified or scrapped entirely in Chancellor of the Exchequer Rishi Sunak’s first Budget next week. We … Continue reading

The role of an M&A Adviser

Posted on: 01 March 2020

Understanding the steps of selling a business is relatively straightforward, but knowing how to increase the value of, and effectively market a business is something completely different. An M&A adviser’s role effectively encompasses three things: Marketing your business to several potential, interested buyers, and Negotiating the sale on your behalf alongside other advisers, such as lawyers, and Achieving the very best possible outcome for you, the seller, in terms of … Continue reading

Are you thinking of an Exit in 2020? Why you need a Data Room NOW!

Posted on: 11 February 2020

Today’s Data Room is traditionally now a virtual room and not a physical one; it is a cloud-based repository for confidentially storing, organising and distributing key information and documents. Having a Data Room can significantly enhance the due diligence process in an M&A transaction.  Not only does it enable the selling company to share documents with potential buyers located anywhere in the world in a controlled and secure manner; it … Continue reading

How do you tell if your business is prepared for exit?

Posted on: 09 January 2020

Estimated Reading Time: 2:00 minutes We are frequently asked, “what does an exit ready business look like?”.   This article introduces the seven key factors which affect value in the eyes of an acquirer and what a business prepared for exit looks like.  It also reveals how you can assess how ready your business is for exit. For some private companies, an exit may not be an immediate priority, but for venture … Continue reading

How technology is reshaping the future of the finance department

Posted on: 19 November 2019

Estimated reading time: 4:00 minutes Technology is transforming the way finance departments in small and medium-sized businesses (SMEs) operate. Cloud computing, big data and automation are revolutionising this core department, irrevocably augmenting how finance professionals are now analysing every aspect of business performance. As efforts to embrace and integrate the latest trends gather pace, we explore how technological progress is reshaping the future of the department. Before the convergence of … Continue reading

Don’t miss out on R&D Tax Incentives for 2017

Posted on: 31 October 2019

Year-end 31st December? Don’t forget, with all the election commotion, if your business’ year-end is 31st December; you’ve got only eight weeks to claim for qualifying R&D activity undertaken in 2017.  Use it or lose it! R&D tax credit claims can be backdated for up to two years after the end of the financial year during which the R&D activity itself took place – meaning a claim can theoretically be … Continue reading