With careful planning, family wealth created by one generation can be protected and grown for future generations to thrive. Where is your wealth held? An important aspect of wealth planning is identifying where the wealth is held – while some family’s wealth will be solely invested and utilised in the business, others may have assets […]
Magma Corporate Finance have been shortlisted in the SME Advisory Team of the Year and Deal of the Year categories. The shortlists for Insider’s Midlands Dealmakers Awards – which recognise the achievements of the region’s M&A professionals – have been revealed. The awards will see more than 700 of the region’s senior and rising dealmakers […]
A one-off ‘wealth tax’ has been discussed as a potential method to raise significant revenue in the UK, but would it be practical? A Wealth Tax Commission (WTC) was introduced in April 2020 to carry out research into whether a wealth tax should be implemented within the UK. The WTC completed their final report in […]
There are nearly five million family businesses in the UK. Many of them facing challenges, specific to their very nature. Three such examples are: Work / life balance Key decision makers’ lives are so interwoven in this particular business dynamic, that key professional decisions can be more readily affected by differences in personality and opinion. […]
Financial due diligence (FDD) is vital in any business acquisition and should never be overlooked. While specialist tax due diligence is a distinct component of FDD which shouldn’t be underestimated. What is tax due diligence? The process of tax due diligence will see an expert examine the historical tax compliance and live tax exposures […]
Magma Corporate Finance is pleased to have advised on the sale of technology consultancy Seaton Partners to Big Four accountancy firm, EY. Seaton Partners has one office in the East Midlands, employs 39 people and has more than 25 active clients. They will be working together with EY Pythagoras to help businesses unlock the full […]
HMRC is liaising with tax professionals over clearance changes concerns, such as missed deadlines and misunderstandings of the commercial drivers for business transactions. Applying for statutory clearance in preparation for a company reorganisation, restructure or demerger can be a viable and useful option for business owners to know how the transaction will be treated in […]
Interflex Limited, an automotive parts manufacturer in Nottinghamshire, has undergone a management buyout (MBO) as part of their ongoing expansion plans. Set up in 2003, Interflex supply a range of sealing solutions for the automotive sector including door seals, interior trim, under carpet and boot seals. Interflex’s ongoing growth strategy has also seen the company […]
With recent reviews into Capital Gains Tax and Inheritance Tax now complete, could this be the time for family businesses to review their approach to succession planning? If managed correctly, individuals and families who have created a large amount of wealth for themselves can see a substantially positive impact for their family dynamics and business […]
Employee Ownership Trusts (EOTs) offers an attractive form of succession strategy that could suit your business needs more than a management buyout or traditional trade sale. What is an EOT? Introduced in 2014, the transaction centres on the departing shareholders selling their shares in a company to a trust which then holds the shares on […]
