So the budget has come and gone and no action taken on Business Asset Disposal Relief (BADR, formerly known as Entrepreneurs Relief). Welcome news, of course, for anyone currently in a sale process. That said, public views toward taxation have been shifting, with Ed Sheeran...
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Debt, Lovely Debt! Oh what an era to be an economist! First the credit crunch and now COVID-19 to get your teeth into. Although no economist, I have read with interest the growing consensus regarding debt affordability. It seems that there is increasing confidence that...
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Time to Take Stock For most this has been an annus horribilis (as the Queen might put it) and we all eagerly await the arrival of vaccines and an easing of restrictions. However, for most owner-managers in the Technology sector business has held up well,...
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The Spectre of Negative Interest Rates We’ve noticed an increasing number of articles mentioning the possibility of moving to negative interest rates. The European deposit rate has been set at minus 0.5% since 2014 for overnight bank deposits and in Denmark (which is outside the...
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State of the Software & IT Services Sector We continue to live in uncertain times though we are reassured by the largely V shaped recovery of the UK economy, despite the recent spate of local lockdowns. With prevailing economic trends in mind, we are delighted...
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Tax Kites The Treasury have certainly been “flying some kites” recently regarding possible changes in the tax regime. Rumours abound regarding Capital Gains Tax (CGT) being aligned to Income Tax rates and, of more concern to sellers of private businesses, the possible abolition of Entrepreneurs’...
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M&A Silver Lining An enforced period at home, with time to consider strategic options, seems to be having a positive effect on the M&A market! Recent announcements have included Access Group’s acquisition of legal specialist DPS Software, Cognizant’s acquisition of New Signature (a US headquartered...
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Technology Continues to Drive Change Necessity is the mother of invention, and it also provides a useful kick up the backside to accelerate the adoption of “new” technology. With that in mind, we carried out our first virtual half-day seminar last week (building on our...
Continue readingNew Drivers Delighted to say that we completed a transaction last month in the agri-tech space. We brokered the sale of Orion Future Technology to the Milbank Group. Agri-tech is a good example of a sector that is likely to continue to prosper despite the disruption...
Continue readingThe New Normal I’ve spoken to many company owners in the Tech sector over the last 4 weeks and for most business is holding up well. That said it is more difficult to engage with new customers and I guess that will continue to be...
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