Recent experience - Mazars - United Kingdom

Our team has a wide range of experience and expertise. Below are examples of some of our recent projects.

Classic Succession Planning

This established Yorkshire printing business required help with succession planning. The business had been established by two brothers and one was keen to exit the business.

Approach - We worked with both brothers to structure a deal that saw one retire from the business to be replaced by his two children. This process produced a natural succession plan for the remaining brother and we are currently working with him on his exit plan.

Results - Our client has managed to achieve all their aims through a smooth transition that has enabled them to protect their business. This has enabled them to hand the business over to the next generation and achieve the financial reward they were looking for in the most tax efficient manner.

Business Sale

This second generation family business wanted to secure future financial security and yet see the business grow and retain employment in the area.

Approach - We established clear objectives with the family and identified the non-financial aspects of any potential deal. We then identified and approached three US multinationals that would see the business as a strategic fit. Three offers were negotiated and this helped shareholders select one that paid a fair value but which has obvious interests in expanding the business in Europe from the existing location, and with the existing workforce.

Result - Despite the current economic climate the business was sold for a figure in excess of the family's original expectations. Our efficient tax planning minimised the tax consequences. The new owners have amalgamated other European businesses into the company, retained all the employees and have now started recruiting additional staff.

Post Deal Support

This fifth generation family business sold principal operating companies of their group but retained some commercial interests. Our approach was to support the continued running of the retained businesses for a short period and resolve all contractual matters relating to the sale.

Approach - We agreed and managed an orderly closure of the remaining business over a nine month period. At the same time we implemented a new accounting and reporting system for the business which had previously been part of the larger group. Lastly, we negotiated and agreed the completion of accounts with the separate purchasers.

Result - The remaining business was run profitably until closure and the family settled all financial matters. They obtained additional protection against further claims thus protecting the family's position in the future.