Business Healthy

Other Services

Company Secretarial Services

We can assist you to comply with the statutory requirements in the following ways:
  • Registered Office Facilities at a competitive rate
  • Carrying out company searches
  • Preparation of Minutes of Meetings
  • Preparation of Agendas for company meetings
  • Up-keep of statutory books and records
  • Preparation and timely submission of statutory documents e.g. filing of Company Annual Return form
  • Completion of Share transfer forms
  • Preparation of share certificates
  • Completion and submission of relevant Companies House Forms
  • Dissolving the company
At present there are considerable tax benefits arising from trading through a limited company and most clients require assistance with the extra company law requirements. By ensuring that all company secretarial duties are performed correctly the business and personal tax burdens of being in business as a limited company can be minimised.

Business Turnaround

We believe that early intervention is critical to ensure that a business getting into difficulty has the best chance of understanding its current position, options and choices. We have developed a diagnostic approach to assess the immediate issues and requirements, usually involving working capital and cash flow management and we are confident that with the right support, what might seem an impossible situation can be rescued.

We will appraise the situation and design a comprehensive strategy to assist with:

  • Improving performance
  • Improving working capital management
  • Stabilising the business
  • Providing options to raise finance
We are able to provide assistance and support in the long term to ensure that your strategy is successful.

Preparing your Business for Sale

When selling your business there are several stages that need to be completed in order to achieve a successful outcome. Typical steps include:
  • valuing your business
  • preparing your business for sale, including taking steps to increase its value
  • taking early tax advice will highlight issues which might affect your deal later - vital if you want to minimise the tax burden
  • identifying potential buyers
  • marketing your business
  • meeting and negotiating with potential buyers
  • completing legal due diligence with the buyer
  • finalising the sale agreement and transferring ownership
In order to maximise the value of your business, it is worth spending some time prior to the sale getting your business into shape. This could include cutting costs, reducing debts and reducing excess stock to get your finances into good order. Potential buyers are also likely to require detailed financial information, including audited accounts and forecasts before they will consider making an offer.

You can help make the whole sales process smoother by preparing this information in advance.

Business Valuations

Unsurprisingly, there are no precise ways to value a private business, the seller will want to drive the price up and any potential buyers will want to do the opposite.

So whether it is valued as a pricing exercise prior to a commercial transaction, or for tax purposes, valuing private company shares appropriately is a technical exercise in which we have built up much expertise.

There are relatively easy ways to value certain parts of the business such as fixed assets (machinery, equipment etc) or stock. However, when valuing shares, the first priority is to determine the most appropriate calculation basis:

  • Earnings per share
  • Return on capital employed
  • Asset based
  • A combination of bases.
Where appropriate, we will negotiate with the HM Revenue & Customs, Shares Valuation Division on your behalf. This will be necessary with regard to the discount appropriate to your shareholding, as well as the basic underlying valuation itself.

When performing this exercise, we shall be mindful of your principle objectives. Whether they be minimising the tax on a transaction, obtaining best price for a commercial acquisition or general fairness, we shall advise accordingly. You will have peace of mind that the most appropriate valuation basis has been used.

Blog
PAYE Coding Notices
06 February 2012 01:40

HMRC will be sending out PAYE coding notices during the months of January, February or March. The new tax code applies from 6th April 2012 to ensure you pay the correct amount of tax. Not everyone will get a notice so don’t panic if you don’t receive

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Tax Returns for Landlords and Furnished Holiday Let Owners
18 January 2012 10:42

Over the last few years, the buy-to-let market has grown substantially and with it, many landlords have been able to profit from the ever-increasing rental income and record low interest rates. However, landlords are often tempted to file their own tax returns to cut down on costs. The

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HMRC Still Unfairly Targeting Family Businesses
09 January 2012 03:51

Despite being widely criticised for unfairly targeting 12,000 smaller businesses HMRChave announced that they will continue with their controversial business records checks.Whilst HMRC initially emphasised the educational aspect of their business records checksthe reality is that they are compliance checks that can result in the collection of

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06 January 2012 09:24

HMRC has announced that electricians will be the next group targeted as part of its crackdown on tax evasion.The Electrician''s Tax Safe Plan will be launched in February 2012 and will offer favourable termsfor electricians to come forward and declare their unpaid tax.Following this, HM Revenue

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