Shield News | ||||||||
Listing Articles 1 to 10 of 56 | ||||||||
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Shield secures another EOT deal ahead of Labour's 1st budget | |
With speculation rife about CGT increases in Labour's first budget, Shield and our expert EOT lawyer worked hard to get our latest EOT deal over the line just in time to benefit from the existing favourable tax regime (zero tax for the vendors on the entire price, even paid over time). As it turned out, the tax treatment did not change in the Budget, although various measures were added to prevent abuse of this highly attractive, highly flexible Exit route for entrepreneurs. | |
Shield sells Rootwave's Hand-held Electric Weeding business to Continental consortium | |
World leader in electric weeding, Rootwave, appointed Shield to divest its proof-of-concept handheld e-weeder, to help fund its expansion into a revolutionary range of agricultural electic weeding products. Today the sale was concluded to a Continental consortium. | |
Shield helps owners of Redbox Fire Control sell to the staff | |
The Owners of Redbox, the reknowned Fire Safety Services group spanning the South of England, retained David Young and Shield to help them assess their exit options and then to move into employee ownership. | |
Shield leads R&A Fabrications into Employee Ownership | |
Shield helped Rona Tompkins navigate a smooth equity exit from her highly regarded Hampshire kitchen fabrication firm, renowned for its craftsmanship and quality. The transaction enables her to stay closely involved with the business to which she has devoted her life, while motivating her team to develop and expand, with a view to carrying her legacy forward when she is ready to retire in a few years' time. | |
Shield guides Doulos into Employee Ownership | |
Doulos, the global leader in semiconductor chip design training for electronic engineers, today announced its transition to employee ownership. Shield guided co-founders Rob Hurley, Davd Crowder & John Aynsley along the path from considering to completing the sale of their 32-year old business to an Employee Owenrship Trust. The transaction provides a real win/win outcome for all concerned, preserving the ethos of service & integrity for the clients, conferring the ownership of the business to the staff and providing a tax-free Exit for the vendors over time. | |
EOT deal creates 'Rubicon People Partnership'! | |
Today Rubicon People, the dynamic South-West-based recruitment agency built over the last 20 years by Lloyd Banks & Jocelyn Browne, announced its historic transition to employee ownership through the sale of 100% of the business to an Employee Ownership Trust. The founders had retained David Young of Shield to advise on future exit planning issues and he identified sale to an EOT as a perfect way forward: it allowed the founders to continue in their current management roles indefinitely, pending the development of firm successions plans over the next few years, while enabling them to crystallize (capital gains tax free) the market value of their shareholding, with the aid of a vendor loan from the EOT, to be funded in due course by the business. For the staff, Employee Ownership will avoid the kind of post acquistion integration trauma that often follows a trade sale, will strengthen the existing strong sense of teamwork and camaraderie, and enable bonuses to be paid tax free (up to HMRC limits). It is heart-warming to see such a strong Win/Win solution all round! | |
'Exit Insights' podcast: Exit Options in times of plague | |
David Young was interviewed by Darryl Bates-Brownsword of Succession+ about the options for Owner Managers wanting to retire &/or sell in this tough year of the Pandemic. One silver lining for businesses that have seen their profits plummet is that they may still offer potential buyers synergy-value and/or strategic value that can even exceed normal stand-alone value. So a trade sale may be more possible than you think! An interesting alternative is sale to an Employee Ownership Trust. The 2014 Finance Act provides that such sales are 100% CGT free and allows for tax-free bonus payments to staff. This type of deal builds better bonds between management & staff, while allowing selling Owner-Managers to remain in their current roles. Listen to the podcast to hear other positives! | |
How to (re-)Build Value - David Young interviewed | |
Even though it just got harder, there's nothing more important in business than building value. In Episode 450 of his "Breakthrough Success" podcast, incisive interviewer Marc Guberti ask HOW? Available on Apple Podcast, Spotify, Stitcher and on his website here: https://marcguberti.com/2020/04/e450-tripling-the-value-of-your-business-with-david-young | |
Shield advises Marquee Oil Broking Ltd on its sale to Marex Spectron | |
Shield is delighted to have advised Adam Trehane and Curtis Wingren, the co-owners of Marquee Oil Broking Ltd, on the sale of their dynamic physical fuel oil brokerage firm to global brokerage house Marex Spectron. | |
If you want lift-off when you sell your business, you need all potentials firing | |
To get your business sale off the ground these days, you need to harness every ounce of its potential. Otherwise it won't reach the value heights you need in order to retire. If it's not on an exciting growth trajectory, it will not attract an exciting profit-multiple. And that can spell disaster for your business sale mission. | |
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