When it comes to selling your business, there are key factors that impact it’s altogether value, some of which can certainly influence the value of your business more than others.
Having robust financial performance and a dedicated management team is essential. Being able to show profitable recurring revenue is also advantageous especially when building your business exit strategy. If you’re looking to get started, our experienced team of business lawyers can act as your legal counsel during this process.
We can help you build a strategy that guides you towards a sale event that is equally aligned with your personal ambitions, both in respect of the sale and how to protect and grow the value you will gain from the sale of your business.
Whilst a traditional sale to a competitor or supplier in most cases holds the most value, it doesn’t have to be your only option. If you have a strong management team you can start to explore Management Buyouts (MBO), Vendor Initiated Management Buyouts (VIMBO) or Employee Ownership Trusts (EOT).
These options need to be discussed with a legal professional so you are clear on the procedures and ensure final outcomes align with your goals.
Get in touch via our exit readiness review to start a conversation with one of our legal experts and start preparing for your business exit as early as possible.
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Selling a business can be one of the most stressful periods of your life. At Progeny, our focus is on you, we look at your individual circumstances, requirements, and life goals post-exiting a business to add the best value.
It is essential to have the right legal counsel that will ask you the difficult questions and help you prepare and navigate inevitable hurdles.
Our legal experts are not only lawyers, but entrepreneurs themselves. The team helped to build the Progeny brand from a wealth start-up in 2016 to a global professional services business in 2024. View our story.
Call us now on 0330 165 9040, or fill in the form and one of our expert team will be in touch to arrange a date that works for you.
At Progeny we specialise in owner managers, not sectors. We see the individual as paramount. We can help you to navigate stressful and tricky transactions regardless of what sector you are in.
Consult expert advice before talking to others about a sale.
Keep the team involved to a minimum.
Use Non disclosure agreements. These can be an essential tool in helping to ensure confidentiality.
Don’t use a work email addresses to communicate about the sale.
Hold back particularly commercially sensitive information until you are confident that the sale will complete.
There are many options when it comes to exiting a business, our video on exit route options should get your started on potential options.
Usually you would be looking at legal and corporate finances fees, whereas at Progeny we can provide a complementary meeting with both our tax and wealth adviser teams.
1. Uncovering a liability in the business that was previously undiscovered
2. Market conditions changing drastically significantly impact the buyers market.
If a Business is not performing at its full potential.
The business is over reliant on the founder shareholder.
Having a financial director will certainly impact buyer confidence in the financial data you provide, though it may not change the overall price.
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Progeny is a trading style of The Progeny Group Limited and is used by various companies within the Progeny group of companies. The Progeny Group Limited is a limited company registered in England and Wales with number 09276612. The company’s registered address is 1A Tower Square, Leeds, LS1 4DL.
Progeny is also a trading style of Progeny Law & Tax Limited and is used by various companies within the Progeny group of companies. Progeny Law & Tax Limited is a limited company registered in England and Wales with number 09558403. The company’s registered address is Progeny, 1A Tower Square, Leeds, LS1 4DL. Progeny Law & Tax Limited is authorised and regulated by the Solicitors Regulation Authority (No. 622288). The regulations applying to our conduct are available from the Solicitors Regulation Authority website at www.sra.org.uk/handbook. A list of our Directors is open to inspection at the registered office. As a designated professional body, Progeny Law & Tax Limited services are not required to be regulated by the FCA.
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