Construction & Property: Case Study 3

Background

Successful privately owned UK construction business with an ageing senior team of managers and directors who retained all company knowledge and held key relationships with customers/suppliers. Some members of the senior team (also shareholders) expressed their wish to retire in the medium term, but with neglect of business / future planning, AAB worked with them to develop a succession plan.

Our Approach

  • Held meetings with key senior team to review current business and practices
  • Facilitated a Succession Planning Workshop to open up communication of future aspirations, concerns and ideas
  • Created a structure for planning for the future, including succession planning and strategies for external recruitment
  • Addressed shareholder retirement possibilities through share valuation to determine the value of the business prior to planned exit
  • Specialist tax advice on share restructuring based on the timelines and outcomes determined by the succession plan
  • Provided a plan to successfully restructure the shares in the most tax efficient manner

The Benefits to the Client

  • Independent business review and project management, enabling action and removing distraction
  • Introduced business strategy tools to be used in succession planning and internal / external communication
  • Provided a structure for management continuity and succession throughout a period of senior team retirement
  • Introduced a system that decreases business reliance and exposure to the external recruitment market
  • Promoted improved and open communication amongst the senior team
  • Improved efficiencies in internal processes
  • Added value, sustainability and longevity to the business

The Plus Factor in Action

  • We helped our client make money by providing a plan to successfully restructure the shares in the most tax efficient manner
  • We saved our client time by providing an independent business review and project management, enabling action and removing distraction
  • We gave our client peace of mind by providing our expertise to add value, sustainability and longevity to the business
  • We supported them now and in the future by addressing shareholder retirement possibilities through share valuation to determine the value of the business prior to planned exit
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Key Contact

Gill Pryde
Partner

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