Selling your business
Project
Assisted a client in the joinery industry with a £1.9 million acquisition. The team produced forecasts, advised and supported them through the legal process and due diligence.
The Outcome?
The business was successfully acquired, and the client continues to grow and expand.
Project
Assisted a business in the care sector with their new investors. This included tax planning work and assisting the business owner to prepare for the new investors and the de-merger from the existing business.
The Outcome?
The new investors successfully entered the business and retained Thompson Wright as their accountants. The team are now helping them with investment in new products and through the COVID crisis.
Project
Acted for a physiotherapist wanting to retire. The team at Thompson Wright helped to find a buyer and in an unusual move, 2 partners at Thompson Wright were able to collaborate to act for the buyer and the seller.
The Outcome?
This was a good example of how working together with the best interests of the buyer and the seller helped to achieve a successful outcome for all involved.
Project
The team at Thompson Wright assisted with 3 business acquisitions across the manufacturing, engineering and transport sectors. The projects were run for individuals who managed but not owned their previous businesses and wanted to buy their own businesses. We helped with finding a business to approach for sale, negotiating with the seller, raising finance, due diligence, and contribution to the drafting of the legal’s for acquisition.
The Outcome?
The businesses were successfully acquired, and the new business owners are working with the team at Thompson Wright to continue to grow and expand them.
Project
Thompson Wright assisted a client to sell their business for £22m. Part of the sale process included the need to ensure that the owners could extract the sale proceeds as efficiently as possible for both them and their family. This included detailed corporation tax planning, extraction of property and the creation of trusts and personal pension planning.
The Outcome?
The tax planning process changed the clients’ lives. Overall it provided a better tax outcome for them and linked with wealth planning and investment advice ensured they had a financially secure and protected retirement.