Exit
This section is devoted to exit planning. You may wonder why, with credit in short supply, potential buyers strapped for cash, and failing valuations deterring owners from selling. But even if you're not planning to sell up, it's never too early to start planning.
Reviewing the way you run your business and addressing any problems, will raise the value of your company and help prevent a deal breaking issue damaging negotiations. Doing this well in advance will avoid any last minute firefighting.
Forward thinking
Even if you have no immediate plans to sell your business, preparing for an exit in advance will improve the chances of a deal going ahead when the time comes.
Your business will be worth more to a buyer if you have motivated and dedicated staff.
The credit crunch has increased the number of company sales transacted on the basis of deferred payments to the vendor.
Case studies
When the MD of Company Television received an unsolicited approach from All3Media, they called Baker Tilly to complete the sale.
The sale was the final hurdle of a four year turnaround plan since purchasing the ailing business in 2003.