Planning your exit strategy

Planning a strategy to maximise the assets of your business on sale requires patient, advance planning. You should start considering the issues a good five years before you plan to sell.

Most small businesses exit by trade sale, though other options include floating it on a stock exchange such as the Alternative Investment Market.

The Small Business Service advises businesspeople who want to sell to contact Business Transfer Agents who specialise in buying and selling businesses. They are listed in local telephone directories. Some estate agents also deal with the sale and purchase of businesses.

Consultation phase

You should also consult solicitors, accountants and independent financial advisers before selling your business.

Smaller firms are usually reliant on a few key members of staff to run the business successfully - but it is important when selling a business that potential buyers see plenty of valuable, tangible assets that stand out whether your key employees remain or not.

As an example, a service-sector business might rely on a few key employees charging for their time and contacts. Your business might be perceived to not be worth very much without you.

In short if you are planning to sell the company in the foreseeable future, it is beneficial to develop products, services and systems that are not heavily dependent on you as an individual or upon key members of staff.

Do contact us if you would like further help or advice on this subject.

SJD Accountancy

SJD Accountancy are the UK's largest specialist provider of fixed fee, Limited company accountancy services to contractors; we've been acting for contractors across the UK since 1992 and have more than 15,000 clients.

We are the only national specialist firm of contractor accountants with offices nationwide. SJD Accountancy has more qualified staff than any other firm in our market with qualifications from the following major tax and accountancy bodies - ATT, AAT, CTA, ACCA, CA, ACA and FCCA.

  • Unlimited face to face meetings. This is a unique service only SJD Accountancy offers - unlimited face to face meetings across the UK - tax is complicated and sometimes only a meeting will do.
  • UK's Largest contractor accountants with more qualified staff. No call centres, no outsourcing, no automated call handling. Simply telephone, email or meet your own dedicated accountant* face to face.
  • Money back service guarantee. All your telephone calls and emails will be answered the same day or we will make a full refund of that months fee.
  • Outstanding reputation. We have won more awards for customer service and accountancy excellence than any other firm in our market, including: Best Accountant for Contractors, Accountant of the Year and Best Professional Service Team to name just a few.
  • All inclusive low cost fixed fee accountancy package which includes completion of accounts*, payroll bureau, dividends and corporation tax computations, personal taxation, free bookkeeping software, your own dedicated accountant* and all company returns for a fixed fee of £120 plus VAT per month.

If you have any questions about contracting or would like any further advice please call our new client services helpdesk on 01442 275789 or email: janice@sjdaccountancy.com. Our new client services helpdesk is open Monday to Friday (8am to 6pm).

Appoint SJD Accountancy and never worry about your tax or accountancy affairs again.

Form your own Limited company with SJD - our same day online company formation service includes company bank account set up, VAT/PAYE registration and advice on optimum share structure. 

You may also find the following pages, guides and case studies useful:

*If you would like us to complete your company year end accounts we simply ask that you have been a client of SJD for one year or have made 12 monthly payments. All accountants are part or fully qualified.