Business Succession Planning - Where now?

Business Succession Planning - where now?


This session is now fully booked - but don't fret as we're running a similar session on 26th February read more and register


On 30th October Rachel Reeves announced changes to Business Asset Disposal Relief which will see the tax charged on business sales increase by up to 80% over the next couple of years. While tax at 18% is hardly disastrous it has brought succession planning higher up the list of priorities for many business owners.

In this session we will be looking at the main exit routes for business owners in particular looking at the advantages and disadvantages of Employee Ownership Trusts.

Richard Ross will open the session with a discussion identifying the steps to prepare for the transfer of a business ownership. This will be followed by Mark Garner who will share his experience of both acquiring and selling businesses.

After the break, We will hear from John Kahn and Katie Harman who will consider the pros and cons of Employee Ownership Trusts.

The session will conclude with an opportunity for questions and general discussion.

Agenda:

Introductions

Business Succession and Exit Strategy overview

Richard Ross

Realising Business Value - a dispatch from the front line

Mark Garner

Comfort Break

Employee Ownership Trusts - why they deserve a closer look

John Kahn - Principal Associate Mills and Reeve

Katie Harman - Associate Mills & Reeve

Group discussions

Questions and Close

About our Guest Speakers:

Mark Garner started his professional career in corporate finance, advising clients of a regional accountancy firm on mergers and acquisitions. He has since acquired, developed and exited several businesses, is an experienced chairman and non-executive director and has a wealth of experience in building and realising business value.

John Kahn is a corporate tax lawyer with a particular focus on employee ownership trusts, employee buyouts and employee share schemes and options. John also specialises in the tax aspects of M&A transactions, (including with respect to warranty and indemnity insurance) and employment tax matters.

Katie Harman is a corporate tax solicitor who advises on a wide range of tax matters, such as corporate M&A deals, employee ownership trusts, and real estate tax issues

Date: 14 January 2025

Time(s): 5.45pm til 8.30pm

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


This session is now fully booked - but don't fret as we're running a similar session on 26th February read more and register


Coffee, tea and exceptionally fine cake will be served


The new format means this series of Masterclasses will have fewer places available. To encourage commitment we are now charging £20 per session. However, we will continue to cover the costs of these sessions and all ticket revenue will be donated to the Norfolk Community Foundation. Refunds will not be given for cancellations or non-attendance but you will feel the warm glow of knowing your money has been spent on helping someone!

Register here

Upcoming Masterclasses...

Employee Ownership Trusts - an introduction

26 February 2025

The steady reductions in Business Asset Disposal relief announced in the Autumn Budget have led many to reconsider their exit options. In this session we will look at a range of possible routes with a deeper look at Employee Ownership Trusts.

Find out more and book

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

Two great presentations - although I'd experienced the business sale process before was good to hear the pitfalls from James again. Richard is always easy to listen to and his delivery is great. James explained each element in a interesting way - could easily have lost people if the delivery had been tedious! Love the idea of the presentations - this one was less interesting to me than the previous one - cake made up for it!

Michael Bayley | Barric Limited

Radostina was marvelous, intelligent and had a lovely presence. Excellent speaker. Both talks were informative and intelligent. There were plenty of takeaways and the peer-to-peer conversation was engaging as well. Also, the cake halfway was a nice touch. I'll do anything for cake.

Rob Morley | Fountain Partnership

This was my first event, and I was impressed with how it was operated, the topics covered and the quality of the speakers.

Faith Pearce | MA Partners LLP

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

Chadwick’s Masterclasses are one of the highlights in my calendar. Clearly, a great deal of thought and preparation goes into them, which results in useful and up-to-date information that helps me plan my personal money matters, develop my business and think more clearly about what to do next in this ever-changing world. I strongly recommend them to anyone looking to improve the management of their finances.

Lindsey Mack | Director

I cannot recommend Chadwick’s Masterclasses too highly nor say enough good things about them. Chadwick’s Masterclasses provide fresh insights and offer practical steps to build, maintain and retain value in businesses. Richard delivers clear and well-thought-out advice while challenging preconceptions. The workshops are thoroughly researched and never turn into sales presentations. I learn something every time I attend.

Paul Palik | Partner | Corporate Team | Birketts LLP

I enjoyed all the sessions and took away a golden nugget or two from each of them.

Tracey Aldous | Mint BB

Good choice of presentations, all of interest, good venue ... So many people don't think of the impact of retirement soon enough on both our finances and our wellbeing. All businesses would benefit from having these presentations for those in their late 50's and early 60's to get individuals thinking about what they need to do and what they want to do, to ease themselves into retirement.

Julie Lawrence | Unity Occupational Health & Wellbeing