Selling Your Business
After investing considerable time, effort, and capital into your business over many years, it's really important that your exit strategy is perfectly planned and executed, to provide true life-long financial independence for you and your family.
"Get in touch with Askaig Newington to speak to our financial planning team.
Our experienced professionals have a wealth of knowledge and a shared commitment to providing the best possible service to our clients.
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Whether you're looking to secure your retirement, grow your wealth, or navigate a complex financial situation, we're here to provide personalised advice."
How much do I need to sell my business for to achieve my personal financial goals?
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It can be very difficult for business owners to understand the minimum sale price they need to achieve, to allow them to achieve financial independence for the rest of their lives.
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Our financial planners will work with you to calculate this figure, by talking to you about your plans for life after work, including:
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Your anticipated one-off capital expenditure
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The amount you may wish to gift to family members
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Any mortgages or other debts that need to be repaid
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Your expected annual expenditure, too fund your standard of living
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The assets, savings, investments and pensions that you already own
Understanding how, when, and how much you expect to spend allows us to calculate the amount of capital you need to have at your disposal.
What's the current value of my business?
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It's crucial to know the current value of your business, in order to understand whether you're already in a position to start the process, or whether work is required to increase the valuation.
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Usually your company's accountant is a good place to start. They may be able to provide you with an in-depth valuation of the company based on a wide range of factors. Alternatively they might give you an ballpark figure using your company's financial data.
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If your accountant isn't able to give you the information you need, we can refer you to a trusted external business valuation specialist.
Book a meeting with a financial planner
Our initial meeting comes at no cost – it’s an opportunity for us to get to know each other and allows us to gain an insight into your current situation, goals, and objectives.
Our friendly financial planning team bring a wealth of experience and expertise. All our discussions are confidential, and you will never be asked to commit or sign up during our first meeting.
How to get in touch
6 Wrotham Business Park
Barnet
EN5 4SZ
What actions can I take now to prepare my personal finances for a sale of my business?
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While everyone wants to extract maximum value on the way out of their business, building up a significant portfolio of investments, pensions, and passive income streams before you sell can relieve a lot of pressure when negotiating a business sale.
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That's because the more capital that you have at your disposal already, the less reliant you will be on finding a buyer who will pay your initial asking price.
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Making contributions from your limited company into your personal pension is a great way of moving cash from the business into personal ownership, and it is a highly tax-efficient strategy to use.
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With the annual pension allowance now standing at £60,000 per annum (and the ability to carry-forward any unused allowance from the previous three tax years), by planning early it is possible to move large sums from the business over a sustained period.
All information It is based upon our current understanding of current legislation and HMRC guidance. While we believe this interpretation to be correct, it cannot be guaranteed that such information is accurate as of the date it is received or that it will continue to be accurate in the future. Thresholds, percentage rates and tax legislation may change in Finance Acts and bases of, and reliefs from, taxation are subject to change and their value depends on an individual’s personal circumstances.
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The Financial Conduct Authority does not regulate Tax Advice.
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A pension is a long-term investment not normally accessible until 55 (57 from April 2028).​