All you ever wanted to know about Business Succession... but were afraid to ask

Selling a business is a once-in-a-lifetime opportunity to realise the value of a lifetime's work.

We will start the masterclass by considering some of the steps we can take to really improve the potential value of a business – and look at some of the commonly recommended window-dressing that, frankly, makes little difference. We’ll then move to an interview with Nick Harding, who will share his experience as both an acquirer and seller of around £500,000,000 worth of businesses. Simon Lubbock will finish the session.

The Speakers:

Richard Ross has 20 years’ experience advising clients on exit strategies, typically at retirement. He has an MBA from UEA and his dissertation looked at the SME ownership transfer market with particular emphasis on retaining value and momentum post-sale.

Nick Harding led an MBO team in a £26m deal in 1996. Through a series of acquisitions he built a business that was eventually sold for £180m (9 times EBITDA) in 2007, delivering a 400% return to shareholders. He then established a new business, funded by taking control of an AIM cash shell and built this by a series of acquisitions before selling in 2012 for £80m. Along the way he has used pretty much every funding option available, from fairly straightforward bank borrowing, through Venture Capitalists to floating on public markets.

Simon Lubbock is Director of Commercial Banking in Norfolk. He has a wide experience of funding deals, including lending against a businesses cashflows, which is particularly useful for MBOs. He can give an invaluable insight into what is and is not likely to be acceptable to a lender.

Date: 9 May 2018

Time(s): 08:15 for 08:30

12:15 for 12:30

Where: The Enterprise Centre, University of East Anglia, Norwich Research Park, Norwich, NR4 7TJ

The Masterclass will last around two and a half hours with questions and be of interest to business owners looking to sell or acquire another firm and their advisers.

Refreshments will be available. There is no charge for the Masterclass but you may like to consider a donation of £20 to Ormiston Families' MPower project that supports parents who have had a child taken into care.

Register here

Upcoming Masterclasses...

New Generation Investing - An income for life

19 September 2018

Investing against a background of persistently low interest rates presents new challenges for people looking for long-term income. We start this session by reviewing investment theory to get a core understanding of how markets operate.

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Intergenerational Investing

17 October 2018

Investing for the benefit of future generations warrants a different approach. We look at the opportunities that present themselves when the investment time horizon is extended.

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Patient Capital Investing

14 November 2018

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What people have to say about previous events....

Beginning to plan seriously for retirement and being a relative newbie in Norwich, it was refreshing to be introduced to a firm that places great emphasis on technical analysis and thoughtful planning. Too often, in my experience, IFAs are more concerned with style over substance but Chadwicks, through their Masterclass sessions offer real insight into investment management and retirement planning. Whether as a professional adviser or, like myself, someone looking for genuine insight into the changing times of today, I would recommend the sessions wholeheartedly.

Andrew Thorpe | Finance and Operations Director | Jarrold Norwich

I have been a regular attendee at Chadwick’s business seminars for several years and without fail I have found the sessions to be useful and practical on the one hand whilst thought provoking and inspiring on the other. Many advisers can put on topical seminars, few can make you feel that you want to go on to study the subject yourself!

Dawn Parkes | Managing Partner | Hatch Brenner