Latest Corporate Finance

New rules on Associated Companies

From 1 April 2023 the rules changed so that the rate of corporation tax that a company pays, and when, is dependent on the level of its profits as well as the number of its associated companies.     Rate Of Corporation Tax Standalone companies from 1 April 2023 with profits exceeding £250,000 will be…

Growth continues for our SME corporate finance specialists

The annual benchmarking data for The Corporate Finance Network, of which we are a member firm, has been published. Key findings are: For the second year running, like-for-like corporate finance fees have increased by 36% per firm on average, after a 19.9% increase last year across 200 deals led by 21 firms across The Corporate…

Recovery Loan Scheme is back

The Recovery Loan Scheme  is back (RLS3) in a new form, to support access to finance for smaller UK businesses for growth and investment. The current phase of RLS3 is due to end on 30th June 2024.   The RLS is designed to support businesses with cashflow, investment and growth with funds up to £2m.…

Purchasing A Car Through A Limited Company

In light of the increase to corporation tax rates, effective 1 April 2023, you may be considering how to reduce your corporation tax liabilities. One option is purchasing a car through your limited company – the key points to consider in your decision are as follows.   Investment allowances on purchases of motor cars: First…

How the weaker pound could make your business more attractive

As the British pound falls to record lows against the dollar, this generally has severe consequences for many businesses, especially those buying from the US. Unless companies have already bought forward or hold dollars, the impact will be much higher purchase prices for their goods. For low margin businesses, this could have the potential to…

Purchase of own shares

Where an individual shareholder wishes to exit (through retirement or due to different views on how the business should be run) a multi-shareholder unquoted company, for cash consideration, a purchase of own shares (PoS) is often a good solution. By the company funding this share buy-back, this cost is not  from ‘after personal tax’ monies…

Hospitality Division Divested

Whitings LLP, a member of The Corporate Finance Network, has successfully advised the shareholders on their sale of a hospitality business. The Whitings Corporate Finance team was approached by their client after deciding they wanted to divest a hospitality business from their portfolio. The Whitings team, led by Jonathan Moore, marketed the business to a…

Trade Sale for Leisure Business

Whitings helped the owners of a leisure business sell up and move on to their next venture. This client had purchased the business as a going concern 15 years ago. They had spent the time since working in, improving and growing the business. When an unexpected offer arose from a national chain trying to establish…

Acquisition Growth for Staycation Business

With the staycation in full-flow Whitings assisted an existing client in the purchase of a block of bespoke high end holiday cottages. We assisted with the due diligence, projections and structure of the deal and after acquisition the integration of this new venture into the existing business.

Trade Sale Exit Enables Early Retirement for Construction Firm Boss

Whitings, The Corporate Finance Network’s representative firm in Cambridgeshire, has enabled the owner of a specialist construction business to sell-up and retire early. The Whitings team, through one of their regular catch-ups with the business owner (early 50’s), sensed that he was ready for early retirement. With the business sale market currently so fertile, and…