Champion Round-Up | By Ged Cosgrove, group managing partner
Champion is proudly renowned for its compliance-led services, but we’re far more than just accountants. We’re deeply involved in corporate finance, acting as trusted business advisors to help businesses like yours grow, supporting our clients from start-up to sale.
We specialise in providing expert corporate finance advice and support, preparing our clients to make informed decisions that drive their business forward. Whether you’re looking to scale, raise capital, or plan for an acquisition or sale, we’re here to guide you every step of the way.
Clients planning to sell their business often come to us with a range of important questions. These seasoned entrepreneurs have big goals for the legacy of the businesses they’ve worked so hard to build. Our remit is to ensure they are fully prepared for the right opportunity – equipped with the knowledge to handle the transaction process smoothly, attract potential buyers, and plan for the impact of the sale on their personal estate.
Champion’s corporate finance team has been at the forefront of some of the region’s most exciting M&A transactions. One notable example is our involvement in the private equity sale of a £150m turnover Blackpool-headquartered family haulage, plant hire, and aggregates supplier, which recently completed.
Planning Ahead
Even if corporate finance seems years away for your business, unexpected life events can rapidly change that outlook. Retirement, sudden illness, or the death of a business owner often necessitate a swift sale, leaving little time for preparation.
Without proper legacy planning, these events can disrupt businesses of all sizes, from sole traders to established SMEs. A common pitfall is leaving a business as an asset in a Will without careful planning, which can put undue pressure on the family and the business left behind.
For example, when a surviving spouse inherits a business they have no experience running, the transition can be overwhelming. However, by taking proactive steps, this distress can be significantly reduced. Similarly, passing a business to the next generation often creates complexities, especially when some family members have been more actively involved than others. Without a clear plan, resentment and conflict can arise, jeopardising both harmony and the business’s future.
No matter your business’s current circumstances or legacy plans, our corporate finance team is here to provide expert guidance from early planning through to a successful sale. Contact your Champion advisor to arrange a no-obligation consultation and start planning for your business’s future today.
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