Some of the reasons you may need a business valuation are:

• Buying
• Selling
• Taxation planning
• Succession and exit strategies
• Banking covenants

Advice when buying or selling a business

When buying a business it is crucial to minimise risk and understand the worth of the business prior to investing your savings. This approach ensures nothing is overlooked and you thoroughly understand the financial position of the business you are buying.

A business can be an extremely valuable asset and it is important to understand the true value of your business in order to achieve the maximum price when selling. Having an independent valuation well in advance of selling your business allows you to resolve any issues that may decrease its value and work on things which will increase the value. This ensures a "strategic" sale than a simple "financial" sale.

RMG Partners have specialists in their team who are trained in the intricacies of business valuations – they will guide you through the sale or purchase and protect your interests.

If you are thinking of selling your business, RMG partners can help you to:

• Have appropriate financial reporting in place
• Identify strategies to improve profitability and exit value
• Manage issues around risk
• Implement any business structure changes
• Ensure Intellectual Property ownership
• Minimise dependency on key people
• Document systems and processes that add value to the business