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Transaction
Support
Due Diligence
If you're considering buying a business, you need all the
information you can get. Not only do you want to make sure you're not buying a
lemon, but you also need to fully understand the business - especially if the
future financial health of the rest of your organisation depends on the
projected performance of the new purchase.
Our transaction support team has prepared
due diligence reports on companies ranging from small family enterprises to
major multinationals. Our investigations are designed specifically to meet your
needs and our attention will be focussed on the areas you are most concerned
about.
But the real advantage of commissioning
investigative reports from a multi-disciplinary firm such as ours is that we
can integrate the very best taxation advice with the purchase, giving you a
distinct advantage in a critical situation.
Raising Finance
One of the biggest problems with getting investment for the
future growth of your business is deciding what kind of finance is best for
you.
Blick Rothenberg can help you decide
whether to borrow from a bank, borrow against assets, combine debt with equity,
or go for equity alone. And these are just some of the options available to
you. We can help you decide the most suitable route, access the right people,
and get you the best deal. Because we're focussed on the needs of small and
medium-sized businesses, we can minimise your costs; both in the short and the
long term, by keeping your interest charges low and making sure you don't
sacrifice more equity than is absolutely necessary.
Selling Your Business
If you're thinking of retiring and have no-one to pass your
business on to, or your long-term strategy is taking a new direction, it might
be time to sell your business.
How do you know when is exactly the right
moment to sell, what price you should expect, which buyers to approach? Unlike
moving house, selling your business is probably something you'll only do once
in your life - so you want to make sure you get the best deal possible.
We will give you a truly independent advice
and, with a professional team which we will assemble, will lead you through the
whole daunting process, step by step. And because we're used to dealing
successfully with transactions from £1m up to £650m, even owners of
small businesses can expect the very best advice.
Management Buy-ins and
Buy-outs
If you're a senior manager or a management team and
you want to own the company you run or buy into another - where to start? Both
situations can be very stressful, long-winded and time-consuming - you can go
from working 8 hours a day to 18, overnight. And in a buy-out, you may have
conflicting interests: trying to negotiate a price with your boss; but still
having responsibility for keeping the business in good health.
What might make the situation more
comfortable is someone on your side who has the commercial skills to steer you,
and your business, through a challenging time - and who can assist negotiations
if things get a bit heated.
We can also help you raise finance from the
kind of contacts most managers don't have: venture capitalists, specialist
investors and business angels. We can also take the sting out of raising
finance, making sure you get the best possible terms. While there may not be
such a thing as a stress-free buy-out or buy-in, we can promise your
transaction will go as smoothly and quickly as possible.
Transaction Tax Planning
Whether you are raising finance or investing, buying or selling
shares, it will have some effect on your personal and corporate tax situation.
While tax relief may be available for some kinds of investment, it will vary
from case to case. It is important not to let tax relief drive the structure of
any deal, but to take into account all of your personal and commercial
objectives. That's why we integrate our tax advice with our other corporate
finance services - so that you get solutions that fit.
Good tax planning can sometimes help the
negotiating process too. If a buyer can help the seller reduce his tax charge,
it can make the difference between the success and failure of a deal - with
more money in the business, the seller may even accept a lower offer.
Reorganising the business structure is
often part of the sale process - and the tax effects may be significant. Not
only that, but in the case of a group, re-structuring can have retrograde tax
effects. The important thing is to plan well, and early, so that your business
is not still paying for it years from now.
Valuation and
Negotiation
You need to know how much your business is
worth if you're considering selling, or selling your share to another
shareholder, but you may also need to know for tax purposes.
Our valuation reports are thorough and our
conclusions rely on pan-industry experience, giving you an accurate figure,
whether a transaction is already underway, or planned for some point in the
future.
If a transaction is in progress, we can
lead the negotiations, providing a focal point for all communication. We can
also work alongside the management or shareholders as active participants, or
simply provide behind-the-scenes advice on the deal as it progresses.
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Due Diligence