Staying on Course After Sudden Exit of Key Stakeholder
Many small to medium businesses (and some larger ones) seem to centre around a single person. This is especially the case when that person is a key stakeholder.
So, when this successful digital agency, with a healthy turnover and 12 employees, suddenly lost a key stakeholder, it really hit home.
Overseeing share buy-backs
Emotional upheaval aside, the company asked us to help sort out the share situation. Our first task was to assist in valuations of the company, which allowed the agency to undertake a tax efficient share buyback programme to bring control back to within the agency.
When critical people leave, it can put a hole in your finances, or your operations. We can help you avoid these kinds of problems by setting up a succession plan, as part of our business development services.
Background
- Company type: Digital Agency
- Annual turnover: £800,000
- Number of employees: 12
Challenges
- Sudden exit of key stakeholder.
Our input and the outcome
- Assisted in valuations.
- Structuring tax efficient and appropriate share buy backs.
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