Utilising in house legal counsel to develop a medium term exit strategy

ABC Group has been trading for more than 20 years and has grown through acquisition into a three business, £10m turnover group including a UK market leading position in its main supply and distribution business. With a Group structure and growth strategy in place, the founder now sits as Chairman, the company was looking towards a medium term exit strategy.

Corporate reorganisation driven by family succession planning

A long-established 100% family food retail business. Husband and wife are the shareholders, while their two grown-up daughters are involved in the business in different capacities. The business traded from a combination of freehold and leasehold premises, and was valued at £10m, with a turnover of £12m, and earnings of £1.2m before interest and tax. The business was looking to acquire the freehold of one of the leasehold properties that they had traded in for two years, valued at £1.5m.

Forward succession driven reorganisation

A 20-year-old established firm that is a specialist supplier to the construction industry. Despite its current £5m turnover, the business was a partnership five years ago. Mr A owns the business and has been driving it for the past 12 years, with a four-man senior team over much of that time. The owner’s daughter works in the business, but is not expected to be part of any succession team.