01/2014. HB&O Corporate Finance: for the business journey

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1 01/2014 HB&O Corporate Finance: for the business journey

2 HB&O Corporate Finance A business disposal, purchase, merger or management buyout is a significant development in the life of any enterprise. Many business owners will only go through such transactions once or twice in their career, so with substantial sums at stake, expert advice is crucial to achieve the best possible outcomes for all those involved. HB&O Corporate Finance is a team of specialists with extensive experience in advising ownermanaged businesses and small and medium-sized enterprises (SMEs). Our expertise in business disposals, business valuations, financial due diligence, sourcing funding, tax planning and succession planning enables us to provide comprehensive expertise on corporate finance-related transactions. Our services include: business sales mergers and acquisitions management buyouts business and share valuations due diligence strategic and succession planning. However you choose to work with us, we can provide specific advice or project manage the whole transaction, in association with your other advisers. 1

3 Management buyouts When business owners want to retire or move on, a management buyout (MBO) can provide a smooth transition of ownership as well as giving existing managers, or employees, a greater share in the business s future success. Equally, an existing company can be an attractive alternative to starting up from scratch for an external management team. MBOs can be complex transactions as a result of the number of different parties involved and their various interests. HB&O Corporate Finance is experienced in MBOs, including complete project management, and offers services including: establishing the viability of the target company and its value preparing an offer and negotiating with the owners business plans for potential lenders raising finance payment structures. Mergers and acquisitions Merging with or buying another company can make sense from different business perspectives, ranging from increasing your market share and reducing competition to cutting costs and overheads and gaining the skills of specialist staff. Whether you are starting a new venture or expanding an existing business, HB&O Corporate Finance can help you make informed decisions, throughout the process, and support you every step of the way. Our services include: identifying potential targets and making approaches to them carrying out business valuations and negotiating with vendors carrying out financial due diligence checks structuring sale agreements raising finance advising on tax implications and maximising tax efficiency advising on HR issues relating to taking on a new workforce. 2

4 Business sales Whether you are approaching retirement, looking for a new business challenge or simply want to realise the results of your hard work, forward planning is crucial to maximising the value of your business when you sell. Our specialists provide comprehensive, integrated advice to the owners of businesses of all sizes, to help them achieve outcomes that reflect the value of their hard work and investment. Our services include: helping you to groom the business to enhance its future value identifying potential purchasers negotiating with buyers to maximise the proceeds of the sale structuring sale agreements maximising tax efficiency pension and retirement planning. 3

5 Business and share valuations Obtaining an agreed valuation for a business or of company shares is an essential part of many commercial transactions. Whether you need a valuation as you prepare your business for sale, while seeking funding for expansion or an acquisition as part of an internal reorganisation or a broader restructuring, HB&O Corporate Finance can help. We can also provide detailed valuation reports for tax, legal and commercial reporting purposes, for banks and other lenders, solicitors and for HM Revenue & Customs. Our services include: detailed reviews to establish the current value of a business advice on increasing the value the impact of the valuation on current and future business strategy business valuations as part of succession and retirement planning valuation reports for forensic accounting purposes. 4

6 Due diligence When you are considering buying another business, putting the right finance in place is crucial. Also crucial is ensuring there will be no nasty surprises within your new acquisition at a later stage. Due diligence is a process of enquiry and research designed to establish and uncover any liabilities or risks in the business being purchased that could affect the transaction or its value. HB&O can provide financial due diligence by inspecting accounting and tax records to verify that the information provided by the seller is correct, that the business is a viable enterprise and that there are no financial issues affecting its value. Strategic and succession planning Strategic business planning is crucial to keep your business moving in the right direction and to identify the tools and actions necessary to help you achieve your goals. Succession planning also forms an integral part of your business strategy. Although the time when you plan to step aside from your business may be many years ahead, making plans now for what happens to your business when you want to retire or move on is crucial or your hard work could be for nothing. At HB&O Corporate Finance, we help business owners to explore the options for a future transition of their enterprise. We ll look at the skills, abilities and wishes of children or other relatives, to help determine whether keeping the business in the family is the right option. If there is no obvious family successor, a management buyout, sale to an external buyer or even winding up the business and realising its assets might be appropriate. We ll help you to put in place a succession plan designed to achieve your desired outcome, including addressing financial and tax issues. 5

7 HB&O Corporate Finance Business sales Mergers and acquisitions Management buyouts Business and share valuations Due diligence Strategic and succession planning. Contact us LEAMINGTON OFFICE Highdown House, 11 Highdown Road, Leamington Spa, Warwickshire, CV31 1XT Tel: Fax: COVENTRY OFFICE 15 Queens Road, Coventry, West Midlands, CV1 3DE Tel: Fax: GREG PHILP Associate Director Web: Scan me DFK international provides co-ordinating and other services to its member firms in connection with such firm's practices in the fields of accounting, auditing, tax and management advisory services. DFK international does not practice in such fields. Each member firm is independent and is a separate legal, financial and administrative entity, practising under the laws in the country where it is based. Member firms are locally owned, operated and managed and each is responsible for its own liabilities. No single firm is responsible for the services or activities of any other.