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 a presence in that area, we helped with tax planning, the share purchase agreement, completion accounts and general deal support. The business was sold as a share sale, priced in the £1m to £5m range.
The ex-owners are now able to work a little less long hours and recycle the cash into their next venture.