An important new consideration in company valuations
If you are dealing with a matter which requires a business valuation it is important to ensure your expert is up to date with the latest accounting standards. Company valuations are likely to be impacted by the introduction of IFRS 16 (Leases) which is an accounting standard applicable to accounting periods starting on or after 1 January 2019.
Most private companies in the UK report under UK GAAP, mainly due to the reduced reporting criteria in general as compared to IFRS. One key area where UK GAAP and IFRS differ is accounting for business combinations.
What are the three main barriers to overcome for a successful MBO?
Succession is a difficult bridge to cross in the life of a business owner. For businesses which have a management team who are not the owners, a Management Buyout (‘MBO’) can become an attractive avenue for all parties involved.
The benefits of planning for the sale of your business
When looking at your long term goals, which may include your retirement and exit planning, if you own a business it is always worth keeping one eye on the “end game” and what value it might have should you choose to sell it one day.