Succession planning

One of the principal problems with business transfers is that succession planning often takes place too late or at a crisis point.

At GBAC we have considerable experience of the challenges faced in succession planning. We believe in planning ahead to ensure that:

• The owner's objectives are met
• There is a smooth transition of the business
• Full value is obtained in respect of the business for all those years of hard work!

We apply a structured approach as follows:

• Reducing the businesses reliance on the owner 
• Establishing the shareholders/partners objectives 
• Evaluating the business in readiness for succession 
• Developing a strategy for selling the business 
• Assisting in moving the business successfully towards a transfer 
• Maximising value in the business 
• Preparing for any due diligence process 
• Considering all financial and tax aspects of the transfer process 
• Ensuring team success in the future