Change can come quickly as Sajid Javid can testify.
Well they say a week in politics is a long time. It’s now been two months since the election in December and whatever your personal opinion of politics is it cannot be denied there has definitely been a “Boris bounce” in the economy and confidence in UK PLC.
This is somewhat of a relief after the news released last week that the UK economy “flatlined” in the final three months of 2019.
Estate agents are saying that prices are on the rise and for the first time in a couple of years a lot more sellers are coming to the market.
The same can be said for the Financial Services sector too. We have seen a definite increase in the number of advisory firms coming to market and acquirers have money to spend.
There has been a lot of commentary about Entrepreneurs Relief and not for the first time has it been mentioned that this benefit is possibly going to be abolished.
It’s my opinion that this valuable benefit for business owners will not be around for ever and if it does survive the budget on March 11 then its long-term prospects are not good. It’s not too difficult to imagine that if it is scrapped, there may be a rush to sell many businesses thus turning the tide in favour of buyers rather than sellers.
Right now, we are achieving excellent prices for all sizes of businesses and we have waiting buyers in all parts of the country.
If you are thinking about: selling your IFA practice, an exit or a strategic partnership, then now could be one of the best times to speak with us. Even if you are a couple of years away from retirement, the impact of a change in tax relief needs to be considered
As the leading consultancy in the retail Financial Services arena we are well placed to advise you on the opportunities that are presently available.
For a confidential conversation please do call me on 0207 60 20 500 or use our contact page.