A succession plan is a key aspect of any business strategy and requires some considerable thought. Here’s 3 tips to consider for your business: 1. Plan for succession now, not later It is never too early in the life-cycle of your business to have a succession plan in place. In an ideal world you will […]
Magma Corporate Finance is pleased to have advised on the sale of Leicester-based Eurokey Recycling to Telford-based Reconomy Group. Founded in 1995, Eurokey provides commodity trading and reprocessing services to commercial customers in the UK and internationally, helping clients meet their demands for the supply of recycled material in manufacturing and production. Reconomy is the […]
Flexmort – the market leader in flexible mortuary cooling solutions – has been acquired by a group of investors led by Noar, Limited (“Noar”). The business was founded in 2010 by entrepreneur Simon Rothwell who identified the need for mortuary solutions to be more flexible to cope with fluctuations in demand and to overcome both […]
With capital gains tax having escaped the Chancellor’s tax hike list, likely only for now, many private business owners are actively considering options for business succession in the short-to-medium term. In the jaws of the Covid pandemic, the last 12 months has been incomparably challenging for many businesses. The depth and financial risk of those […]
Magma are pleased to have supported Aerocom (UK) in their successful transition, in the form of a Management Buy-Out. Aerocom (UK) Ltd, the pneumatic tube systems and air tube technology experts, was established in February 2000 and has grown considerably over the past 21-years. Particular success has been in the supply and service of hospital […]
Chancellor Rishi Sunak has delivered his Budget 2021 against the backdrop of the extraordinary economic challenges resulting from the COVID-19 pandemic. In this Budget 2021 summary we provide some details of the tax changes announced that will be of interest to owner managed businesses, entrepreneurs and private clients. We hope you enjoy reading this and […]
Sudhir Power, an India-based power generation specialist and manufacturer, has acquired UK access equipment specialist rental company Star Platforms. Founded in 1973, Sudhir Group already has rental operations in India, UAE, and Saudi Arabia, and now adds the UK with the investment of 100% of Star Platforms’ shares. Star Platforms, based in Luton and founded […]
Prior to the Chancellor’s recent announcement that he was cancelling his Autumn Statement, it was widely believed capital gains tax (CGT) rates were to be increased to recover part of the cost of the government’s unprecedented Covid19 support package. The detail of these changes was not considered (or at least publicised), but the options were […]
HM Treasury (HMT) has announced details of a new 100% Government-backed loan scheme for small businesses. Under the scheme, businesses will be able to borrow between £2,000 and £50,000 and access the cash within days. Loans will be interest free for the first 12 months, and businesses can apply online through a short and simple […]
The Government has announced amendments to the Coronavirus Business Interruption Loan Scheme (CBILS) after claims that banks were forcing companies to provide personal guarantees, and is adding an option for larger companies. The Chancellor announced that the CBILS programme is being extended, so that all viable small businesses affected by COVID-19, not just those unable […]
