It's 1:31pm on Sunday 20th May, 2012

How to value your business

Several factors determine the value of your business – some obvious, others less so. On the financial side there are profits and cashflows as well as any capital spending that is needed. Market dynamics are important, too, for instance how other businesses in your sector are being valued; how much interest your business generates among [...]

Fog begins to lift for mergers and acquisitions market

Since the last time I write, writing on financial issues has become a somewhat cheerier pastime. Q4 of 2009/10 sawus leave recession at last and as we enter spring all the signs are that the first quarter of the new financial year will show similar GDP growth of 0.4 per cent. While this is not [...]

Conveyor company moves forward with MBO

A Chorley company that supplies conveyor belts to some of UK industry’s biggest names has been acquired by its management team. Directors Mark Gladwin, Christopher Iddon and Andrea McKenna have completed a management buyout (MBO) of LVS IMAS Ltd from majority shareholder John Kelso, who is retiring from the business, for an undisclosed sum. LVS [...]

Preston’s dealmakers take top corporate finance awards

Preston’s corporate finance community has clinched a number of top awards at a ceremony to honour Lancashire’s leading dealmakers. Moore and Smalley Chartered Accountants and Business Advisors was one of the big winners at the 2010 Insider Lancashire Dealmakers Awards. The firm’s corporate finance team was named Corporate Finance Advisory Team of the Year, while [...]

Q&A – selling your business

Q. I own a medium-sized manufacturing business which, because we operate in a niche area, has attracted interest from a couple of larger players. I put any ideas about a sale on-hold during the recession, but I’m now looking to maximise the potential value of the business to sell when the upturn arrives. What advice [...]

Q&A – buying and selling a business

Q1. It’s clearly a buyer’s market. But vendors’ price expectations still seem to be fixed at unrealistic levels. Can you advise me on any techniques to overcome this challenge and get the deal done? The key to getting a deal done in this situation is to understand the drivers behind the vendor’s expectations and then [...]