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Business Sale or Purchase
Business Sale or Purchase
The sale of a business is for many the culmination of years of work and planning for an owner managed business. The whole process from the negotiation of an offer to the eventual receipt of the sale proceeds is very different from the day to day management of the business. It can be a time-consuming exercise which should be managed carefully and for many, it will be a once in a lifetime experience.
Whether you are planning to sell your business or make an acquisition, we at Banks & Co are experienced and familiar with the process of working with our clients throughout this journey.
From the initial plan to sell, we can advise you on the steps you may need to consider to make your business more attractive to a potential purchaser. Our knowledge and experience will allow us to advise you on the structure of the sale, for example an asset-based or a share-based sale, and then work with and your lawyers throughout your negotiations towards a successful sale.
For a proposed acquisition, we can assist with research into possible target companies. As enquiries proceed, we will undertake a close examination of accounts and management information, tax computations and other financial records requested as part of the due diligence process, to enable you to make an informed decision. We will work with you to identify the most appropriate vehicle and structure for the purchase, assisting you with negotiations. We will work with your legal team or introduce you to one of the many legal firms we regularly work with.
To discuss how we can help you, please contact us.
Our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax, whether you're considering investments, a second home, or another asset.
Every year, corporation tax rates and reliefs vary, so we make sure we can offer all the necessary assistance and advice when examining potential exemptions, allowances, and deductions. In order to make sure you are in compliance and avoid fines, we will carefully evaluate and produce corporate tax filings.
Whether you're considering investments, a second home, or another item, our staff can make sure you maximise your exemptions while demystifying the complex world of capital gains tax.
We can help walk you through the complicated subject of personal taxation, we are aware that it can be challenging to grasp, therefore we support you every step of the way. By developing a tax planning approach that works for your tax situation and helps ensure you pay the least amount of tax, we eliminate the time and worry involved. Our staff will provide guidance on when payments are due in addition to what paperwork must be submitted and returned in order to maintain compliance.
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Latest news from [Company name]
Small businesses can now benefit from a new electricity-cost relief scheme that was launched on 1 October. Applications close on 30 November 2026.
New laws from the beginning of the month make it critical for companies that rely on subcontractors, agency staff or complex labour supply chains to review their compliance procedures to identify employees who do not have the right to work in the UK.
The annual report from the Administrative Burdens Advisory Board (ABAB) shows a slight improvement in HMRC’s performance but there is a rising concern over legislative burden and continued difficulties with communication channels.
A new consultation that proposes loosening the rules on company reporting standards could both benefit companies and give cause for concern.
Directors are being warned to verify their identities with Companies House or risk prosecution after the Insolvency Service secured its first convictions for these offences.
Members of the Construction Industry Scheme (CIS) are due to get letters from HMRC where errors have been identified in their monthly returns. The letters, due in October, are in response to three common errors identified by HMRC.
Britain’s companies are facing a critical challenge with over one in five working-age adults out of the workforce, with ill-health and disability as major drivers.
HMRC have clarified the position on Self Assessment tax return reporting requirements for directors of close companies and updated their guidance for directors of charities.
