Business Succession

businesssuscc

Business Succession

Business Succession advises owner managers, who wish to retire, or move onto something else, that the most lucrative sale will be to their employees – who will purchase to run and grow the business. Whereas in a trade sale usually the buyer is just seeking contact with the customers and they often soon close the business following their purchase.

Business Succession offers the business owner a realistic exit route from the company by facilitating a sale to employees. The lack of succession planning his a key weakness in the survival of SME’s across Europe over the last decade. The European Commission estimates that 10% of company liquidations are due to a bungled succession.

We have extensive experience supporting employees take over and then to run the business. If you’d like to know more, please contact us.

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