We can assess your business, provide advice on all succession options and help you choose the best path for you.
We can work with owners, managers, directors and employees to make sure everyone is involved and understands the process.
We can provide an independent valuation of your business.
We can work with key employees who will be taking on business management responsibilities and make sure they have the skills and confidence they need.
We can help put the appropriate financial processes in place to transfer the owner’s shares, either directly to the employees or via an employee ownership trust.
We can provide advice on the tax relief and tax free profit shares that employee owned companies may be eligible for.
Once the deal is sealed, we can provide ongoing advice on managing the transition and keeping employees engaged.
Our role is to manage the entire business ownership transition using the our fully funded four-step process:
A first meeting with you as the business owner to discuss your objectives and assess your expectations. We outline the different options for selling your business, including the main options of employee ownership. We will map out which transfer plan may achieve your objectives.
Develop your preferred transfer plan and ensure the business is in the right shape and structure to be sold. Detailed work includes an independent valuation of your business*, preparing a business plan and discussions with finance providers. Agreement of the plan. Crucially, we will work with your management team and employees to ensure understanding of the chosen employee ownership model and provide training which includes the Role & Responsibilities of Trustee Directors and the Employee Council. We provide an Independent Trustee Director service; please get in touch for more information. (*Please note a contribution towards the cost of the independent valuation may be available, subject to funding).
Once we have supported you to draw up your ‘heads of terms’ your next step will be to arrange legal and tax advice*. We will facilitate discussions with your advisors, to support you every step of the way and help you arrange your completion day (*Please note, we cannot fund legal fees).
Post-completion support to help the company to adjust to the new structure. Ongoing advice and training is provided to the new management team, board and shareholders as well as professional advisors such as accountants. Help with future distribution of shares. We organise bespoke and general events to support specific aspects of Employee Ownership including the Welsh Employee Ownership Forum.