Business planning
Services | Business planning

Succession and exit planning strategies

Whether you are selling your business, planning to retire or both, a business exit can involve substantial personal and financial consequences.  

If you are retiring as part of a business exit, you’ll need to consider succession planning and also your personal retirement planning. Most business owners are keen to build a legacy, looking after loyal staff and leaving behind a successful and ongoing business for the future.

Good succession planning is essential to ensure that your business continues to thrive when you step aside. A planned management succession minimises disruption and ensures that you have the right people, with the right skills to take the business forward.

Our corporate lawyers will develop a clear business exit strategy with you, taking into consideration the overall management structure and culture of your business, identifying any key values and business priorities you want the business to retain and ensuring you make the right decisions to maximise the value of your business.

Ideally your business exit plan should be developed and put into action years before the business exit happens. Advance planning helps you get the business into shape (if you are selling it) and groom a successor (if you are retiring). Working alongside other trusted advisers, our corporate lawyers will determine a long-term business exit plan that also lets you maximise tax planning opportunities.

Business process outsourcing

Outsourcing some or all of your core business processes can help to manage costs and release those working in the business to focus, increasing your company’s flexibility.

However, clear contracts are crucial. Establishing your objectives helps you ensure that the contract delivers what you want, rather than receive a service that fails to meet your needs.

Our corporate and commercial lawyers can work with you to deliver a thoroughly considered project-management plan which will help minimise the disruption as new systems and ways of working are introduced and can help anticipate issues and reduce risks.

Group reorganisations

You might have just completed an acquisition, be contemplating the sale of part of your business, addressing the challenge of key people wishing to take aspects of the business in different directions, ring-fencing business risks or seeking to increase business efficiency. There can be advantages to diversifying ownership or reorganising your company’s activities.

Working along side your tax advisers, our corporate and commercial lawyers plan your business reorganisation, ensuring you achieve the required balance between tax savings, business and legal risk whether by statutory demerger, section 110 or some other means. 

Share capital and debt restructuring and corporate recovery

Thankfully our clients suffer this very rarely but there are occasions when their businesses are over-burdened with debt, struggling to cope with liabilities or challenged by difficult debtors and creditors. There are also occasions where the market provides a good commercial rationale for refinancing your existing capital and debt.

Invariably there is a positive solution and we work in tandem with skilled business recovery specialists to help directors and shareholders plan strategies to manage their risks, including introducing you to new sources of finance, advising on debt restructuring and legal issues around complex refinancing.

Our corporate lawyers will ensure your plans are successfully implemented whether by way of share buy-back, reduction of capital or other mechanisms.

In addition, if you are an insolvency practitioner and would like to work with experienced lawyers who understand what you are seeking to achieve in a very limited timescale, talk to our corporate team about how we can help.

Get in touch 

For further information or advice please call 01753 889995 or email

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