Start up
Growth and expansion
Grant Anthony and Kay Monks, Partner and Director in our Business Solutions Accounts and Outsourcing Team discuss how they helped Future Protection Limited with the some of the practical points involved in the process of setting up the business.
Video
Rebecca Durrant, Partner and Head of Private Clients at Crowe together with Vicky Zivkovic, Partner at Irwin Mitchell talk about the legal and tax considerations you should know about to build solid foundations and grow a family business for the future.
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SEIS and EIS schemes can be a great win for investors and start ups and the tax reliefs on offer are generous. Simon Warne’s easy to understand article explains the recent changes to Enterprise Investment Scheme and Seed Enterprise Investment Scheme (SEIS) and why SEIS can be an attractive option for investors in new family businesses.
Article
Family Media and Tech Business-sustainability App that allows companies to measure, collate and report sustainability data.
Set up and 100% owned by Dan and Amy Jones.
50% of equity each.
£400,000 total equity.
No shareholder agreement in place.
Two children.
Uncles/aunts/nephews/nieces.
Diversifying and restructure
Succession or exit
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The company set up
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Simon Warne, Partner, Private Clients
Start up
Growth and expansion
Dan has been a software engineer in major corporations and has used those skills to develop the initial proof of concept.
Amy has used her Marketing/Business Development skills to generate interest in the software.
Dan and Amy have made good progress and they have had good feedback on the App.
The proof of concept has been a great success.
They have employed two software engineers and one administrator.
They have used up £150,000 of their initial investment.
They have interest in the product from various sources.
They have estimated that they have a runway remaining of 12 months.
Diversifying and restructure
Succession or exit
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Podcast
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Where the business is at the end of start up
After year one
Coming soon
Monday 2 October
2
Simon Warne and Trevor Ling discuss the benefits of Enterprise Management Incentive [EMI] schemes and why they are becoming increasingly popular for early stage businesses as they grow and expand.
Video
Dan and Amy have big plans for their business and are seeking options to help fund their growth plans. What are their options? Grant Anthony sits down with Julie Mole to discuss some of the alternatives available to them.
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Emma Reynolds explains the recent changes to Research and Development (R&D) tax reliefs for growing tech and media businesses and how they could benefit your business.
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Emma Reynolds, Partner, Corporate Tax
Start up
Growth and expansion
Interest from Venture Capitalists (VCs).
New funding of £10 million to allow expansion domestically and internationally.
Have been able to attract key employees with option plans.
Have monetised and after year three have an income of £250,000 with £1 million forecast in year four and £3 million in year five.
Expected to be profitable in year five.
Consider diversification options.
Diversifying and restructure
Succession or exit
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Where the business is at between years three to five
Dan and Amy are now supported by a larger team of experts and taking more of a managerial role.
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Coming soon
Monday 16 October
3
Trevor Ling and Dan Nixon have a frank conversation about the complex world of acquisitions and the benefits of having advisors in place.
Video
Continuing Dan and Amy’s journey, what should they be considering when diversifying and restructuring their business? Trevor Ling and Vicki Nicoll explore the opportunities to maximise the tax reliefs available and the importance of planning early.
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Top tips for tax effective diversification strategy for your business. Whether branching out through the introduction of a complementary product, entry into a new market or an acquisition, this new challenge gives the company and its owners, the opportunity to take stock of their current operating and legal structure and consider whether this meets their requirements both now and in the future.
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Trevor Ling, Partner, Corporate Tax
Start up
Growth and expansion
The business is now thriving with annual recurring revenue (ARR) approaching £5 million and highly profitable.
Growth opportunities to expand overseas (the US being a key potential growth market) are prevalent, but will require investment and experience beyond that already in the business.
The business is well known in its market and Dan and Amy receive regular approaches from potential investors, investors, buyers and advisors looking for opportunities.
Diversifying and restructure
Succession or exit
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Where the business is at the end of diversifying and restructure
Article
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Coming soon
Monday 30 October
4
It’s the final part of Dan and Amy’s business journey. They are thinking about selling their business. While there isn’t a one size fits all answer, Rebecca Durrant and Nick Latimer talk through some of the various options including lifetime utilising allowances, gifting shares, Family Investment Companies and Trusts.
Video
Our Family Business Focus journey has reached its final stage - planning for succession or exit. Listen to Jane MacKay and Matteo Timpani who offer some practical advice about the questions you should be asking your advisors and the next steps available for a successful outcome.
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As a family business, even if you’ve tried to ‘control the controllables’, the chances are some areas will get overlooked in the early phases. This can cause challenges when it comes to exiting a business or seeking external funding. Here we focus on just a couple of issues we see regularly and some of the challenges this can present.
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Matteo Timpani, Partner, Corporate Finance
