Owner managed businesses: Helping you thrive in a changing world

Transcription

1 Owner managed busesses: Helpg thrive a changg world Owner managed busesses PRECISE. PROVEN. PERFORMANCE.

2 Helpg thrive a changg world Dynamic. Ambitious. Personal. Owner managed busesses (OMBs) are many thgs. No busess is same whatever size, we want make sure succeed. Insert image Do want crease revenue improve prits? Are seekg new fundg drive ternational expansion? Could nefit from boostg cash flow by maximisg tax reliefs? Do want make sure family / shareholders nefit properly from wealth are creatg? How we has for many years advised busess owners, g m fulfil ir personal commercial goals. provide partner-led, proactive advice clear concise answers, so that know what do when. Because our approach, use us for both opportunities that arise problem solvg. work all forms OMBs, from entrepreneurs, sole traders family busesses through limited liability partnerships (LLPs) limited companies, both private public, domestic ternational. Wher just started out busess, are facg challenges due rapid growth expansion, are lookg restructure operations, succession issues or may are aimg complete a trade sale or listg on a recognised market, we will re for at every stage, providg. Our smaller, who ten do not a dedicated -house accountg function, turn us keep ir fancial records up--date meet all obligation HMRC Companies House. The larger or more mature busesses ten use our audit function as well as tax advisory, corporate fance succession planng services. Our OMB operate a wide secrs cludg manufacturg & engeerg, technology & telecoms, media & entertament, real estate & construction, care homes, pressional & fancial services, sports & leisure retail & distribution. Our pressional teams m overcome challenges seize opportunities build successful busesses. 2 Owner managed busesses Helpg thrive a changg world

3 What makes difference? Work hard underst know that every busess has its unique circumstances, challenges opportunities. So we take time underst current situation, ambitions for future priorities for action. Provide a one-sp accountg advisory service Our -house expertise covers a wide disciples, cludg accountg, busess personal tax, corporate fance, wealth management, payroll company secretarial. Our experts work ger as a team provide tegrated solutions. Address busess personal issues ger always take account teraction tween busess success personal family / shareholder wealth, lookg at bigger picture whenever we provide advice. Support through busess lifecycle Our comprehensive services enable us at all stages growth cycle, from start-up development, potentially ternational expansion, all way sale or succession as reap rewards hard work / or pass busess next generation. Focus on practical make sure our advice is practical commercial, delivered on time a way that addresses issues quickly, efficiently effectively. Support ternational busess goals By workg closely memrs International, we trade ternationally, drawg on local experts provide tailored advice. Work well or pressionals a proven track record workg or specialists, such as lawyers, banks surance brokers, providg st possible busess advice as when it. Are committed g owner managed busess secr conduct an extensive annual survey lookg at confidence, concerns plans owner managed busesses across. share our fdgs not only busesses underst market trends, but also regulars legislars underst busess provide proactive clear concise answers, so that know what do when. Owner managed busesses Helpg thrive a changg world 3

4 Our services throughout owner managed busess lifecycle 24% 51% are certa or very likely review ir succession plans* 33% 50% are certa or very likely vest new technology or IT systems* are certa or very likely vest staff trag* are certa or very likely exp ir cusmer base* 24% are certa or very likely reduce costs or overheads* *Source 2018 Owner Managed Busess Report: Powered by people technology Start up Advice on stationery websites Appropriate structure tradg vehicle partnership, LLP, sole trader or limited company Assistance accountg stware stallation Assistance fundg Bookkeepg services cludg VAT returns Busess plans fancial forecasts Company LLP formations secretarial services Openg bank accounts Payroll au-enrolment Preparation management annual accounts tax returns Remuneration planng Share option schemes for key employees VAT PAYE registration Growth Busess plans fancial forecasts Consideration SEIS EIS applications Counter fraud briry Employee share plans EMI, CSOPS/ growth shares External audit Fund raisg through our strong relationships (private equity, venture capital bank fundg) Government grants Information technology reviews advice Mimisation tax liabilities Property transactions CGT SDLT Research development tax credits Shareholder protection Expansion Cross border services International Effective governance risk management services Employee rewards Fancial restructurg Internal audit control reviews Merger acquisitions identify targets, due diligence, fund raisg M&A negotiation Operational efficiency reviews Strategic advice on growth HR marketg functions Tax efficient prit extraction Maturity Busess share valuations IPO listg on recognised sck exchange Management buy outs buy s Pension advice planng Retirement, estate planng, wills probate Succession exit planng Tax efficiency maximisation entrepreneurs relief busess property relief Revest After Maturity alth protection future plans, wher revest a new busess venture, or decide preserve/grow wealth for nefit self or future generations. 4 Owner managed busesses Helpg thrive a changg world Owner managed busesses Helpg thrive a changg world 5

5 A client s sry Lewis & Graves Partnership Limited has operated specialist cleang dustry sce The owners were itially satisfied services a small local accountancy firm, but by 2011 turnover had reached 5m busess was wng retag more work. It ed a more comprehensive mechanism it realise its growth potential. Mark Graves, Managg Direcr, explas what happened next: Our bank manager recommended we were delighted ir knowledge, enthusiasm empathy wards our busess ambitions. They covered all aspects leavg no sne unturned audit, fancial advice, corporation personal tax, modernisation our fances, management accounts, strategic advice payroll services. Sce ir early tervention, our turnover has more than doubled has contued grow, thanks dedication. They contue walk us through all expected, even more importantly unexpected, hurdles that sometimes busess this day age throws at. It is nice know re ed by an accountancy practice that my modest humble opion, is leader this field. I no hesitation recommendg m, for out ir pressionalism knowledge dealg owner managed busesses, we would not as successful day, that I no doubt. 6 Owner managed busesses Helpg thrive a changg world Owner managed busesses Brgg busess personal goals life 7

6 About thrive thrive a changg changg world. world. provide provide all all guidance guidance deal deal new new risks risks opportunities. opportunities. ensure ensure easy easy people, people, so so decisions decisions made made quickly quickly confidently. confidently. A consistent consistent team team will will partner partner aspirations aspirations contribute contribute success. success. Contact formation For more formation, contact usual partner, or visit: You ll You ll a core core services, services, cludg cludg audit, audit, accountg, accountg, tax, tax, risk risk systems systems assurance, assurance, corporate corporate fance, fance, restructurg restructurg solvency, solvency, wealth wealth management management disputes disputes analysis. analysis. As As a Top Top accountg accountg advisory advisory we we a broad broad dividuals dividuals entrepreneurs, entrepreneurs, large large organisations organisations complex complex ternational ternational busesses. busesses. If If busess busess personal personal teractions teractions exp, exp, we ll we ll make make it it happen happen coordatg coordatg advice advice from from a fices fices throughout throughout more more than than countries. countries. ly International International is is th th largest largest accountancy accountancy consultg consultg,, headquartered headquartered London. London. With With fees fees over over US$2.9 US$2.9 billion billion fices fices countries, countries, resources resources capabilities capabilities meet meet ir ir By By combg combg local local expertise expertise experience experience breadth breadth our our worldwide worldwide s, s, confident confident that, that, whatever whatever ir ir requirement, requirement, provides provides solution solution ir ir local, local, national national ternational ternational LLP, 150 Aldersgate Street, London EC1A 4AB T +44 (0) lieve formation contaed here correct at time gog press, but we not accept any responsibility for any loss occasioned any person as a result action or refrag from action as a result any item here. Prted published by LLP, a memr firm International Limited, a worldwide dependent firms. LLP is registered carry on audit work Irel by Institute Chartered Accountants Engl Wales. Authorised regulated by Fancial Conduct Authority for vestment busess. DPS40100 April 2018