Elevate - for business leaders

Why leaving succession planning to the last minute doesn’t pay

Tuesday, February 15, 2011 | Posted by: Fiona Cullinan
Categories: Business advice, Thought Leadership | Tags: tax, strategy, report, talent, guide, succession planning, ownership, White Paper, transfer, exit strategy, selling a business, valuation, structure, steps, legacy, goals

Figures show that 27% of UK businesses are expecting a change of ownership in the next 10 years, according to Grant Thornton 2009 International Business Report (IBR). Preparing ahead for such a major change makes financial and business sense. So why don’t companies do it?

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Succession planning: A step-by-step guide

Thursday, February 10, 2011 | Posted by: Fiona Cullinan
| Tags: tax, report, guide, succession planning, ownership, White Paper, transfer, exit strategy, selling a business, valuation, structure, steps, legacy, goals

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Last month Grant Thornton released ‘Succeeding at Succession’, a report to help privately held business owners plan an effective transfer of ownership without suffering adverse financial or tax consequences. We’ll be posting a series of articles from the report beginning with this step-by-step guide.

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Football Transfer Tracker: what’s the final score?

Tuesday, February 01, 2011 | Posted by: Fiona Cullinan
Categories: Financing , Thought Leadership | Tags: business, statistics, Grant Thornton, finance, UK, insight, football, sport, expenditure, Football Transfer Tracker, transfers, tracker

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Football is serious business. Last night, a late flurry of activity as the transfer window closed saw Premiership clubs paying out a record amount but, worryingly, lower league chairmen were again missing out on the benefit. Here are the final results from Grant Thornton’s Football Transfer Tracker…

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And the QCA 2011 winners are…

Thursday, January 27, 2011 | Posted by: Fiona Cullinan
| Tags: Grant Thornton, awards, Quoted Company Awards, QCA, winner

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Here is Brian Winterflood, president of the Quoted Companies Alliance and founder of Winterflood Securities, receiving his Lifetime Achievement Award. Find out who else won at the Grant Thornton Quoted Company Awards this year.

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Story of the deal: NeutraHealth plc bought by Indian pharma company

Wednesday, January 26, 2011 | Posted by: Fiona Cullinan
Categories: Financing | Tags: M&A, due diligence, corporate finance, acquisitions, Story of the Deal, cross-border, buying a business, subsidiary, buying a company

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Our second case study telling ‘The Story of the Deal’ goes behind the scenes of an international acquisition. What happens when a fast-expanding pharma company from India seeks the buyout of a UK vitamin and food supplement plc? Our Capital Markets team reports.

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One year out of recession, it’s mixed fortunes for UK plc

Wednesday, January 26, 2011 | Posted by: Fiona Cullinan
Categories: Economy | Tags: business, recession, economy, finance, UK, retail, GDP, recovery, inflation, Private Equity, BCM, PE Barometer, double dip, Business Confidence Monitor

Today is the first anniversary of the UK economy emerging from recession. But while preliminary data for Q4 2010 estimated a 0.1% rise in GDP, yesterday’s figures showed a surprise contraction – is it a blip caused by bad weather or a sign of the economy stalling amid recent austerity measures?

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Lower valuations to boost UK private equity deals

Tuesday, January 25, 2011 | Posted by: Grant Thornton
Categories: Economy, Financing | Tags: business, media, investment, finance, technology, UK, M&A, debt, financing, Private Equity, privately held businesses, PE Barometer, refinancing, Healthcare, valuation

So says Grant Thornton’s latest Private Equity Barometer. Read on for the key stats from our quarterly survey of more than 100 private equity executives in the UK…

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Booming tech sector creates new investment opportunities

Wednesday, January 19, 2011 | Posted by: Fiona Cullinan
Categories: Financing , Technology sector | Tags: entrepreneurs, technology, capital gains tax, CGT, video, financing, internet, deal, startups, mobile, storage, scale

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Technology is getting exciting again. Oscar Jazdowski, UK Head of Origination for Silicon Valley Bank, reviews the sector that is becoming both essential to and pervasive in modern life.

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All aboard the App Store

Friday, January 14, 2011 | Posted by: Alex Connock
Categories: Media sector, Technology sector | Tags: Alex Connock, media, finance, technology, digital, Ten Alps, business models, trends, funding, TV, ITV, Apple, rights, software, apps, App Store

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The world is mutating into one enormous and non-hierarchical content supermarket, says the CEO of Ten Alps, Alex Connock. And that is having a transformational effect on TV business models and funding channels.

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Do your loan notes hold a nasty surprise?

Tuesday, January 11, 2011 | Posted by: Fiona Cullinan
Categories: Business advice, Tax | Tags: entrepreneurs, capital gains tax, CGT, buying a company, loan notes, QCBs, corporate bonds, deferred payment, non-QCBs, entrepreneurs' relief

With cash in scarce supply, loan notes provided an excellent method of deferring the cost of buying a company. But recent changes in tax laws mean that they are now less appealing and holders of existing loan notes are likely to be in for a nasty surprise, says Senior Tax Manager Nadine Elliott.

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SupercalifragilisticiXBRLidocious!

Tuesday, January 11, 2011 | Posted by: Francesca Lagerberg
Categories: Business advice, Tax | Tags: Francesca Lagerberg, IFRS for SMEs, iXBRL, red tape, in-line extensible business reporting language, burden on business, inline extensible business reporting language

UPDATE: Download our new factsheet and client solution here

Even though the sound of it is something quite atrocious. If you say it loud enough, you’ll always sound precocious. SupercalifragilisticiXBRLidocious!

Is the introduction of Inline XBRL (inline eXtensible Business Reporting Language) just another heavy burden on business?

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Opportunities for entrepreneurs in 2010’s raft of tax changes

Wednesday, December 29, 2010 | Posted by: Fiona Cullinan
Categories: Business advice, Tax | Tags: tax, entrepreneurs, investment, capital gains tax, CGT, relief, wealth, EIS, partnership, Craig Kemsley, Enterprise Investment Scheme, creation, ER, Entrepreneurs’ Relief

A summary of recent tax changes affecting UK entrepreneurs – and the opportunities they afford for wealth creation – by Craig Kemsley, Tax Partner, Grant Thornton.

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Best of the Elevate blog 2010

Wednesday, December 22, 2010 | Posted by: Fiona Cullinan
| Tags: entrepreneurs, links, blog, best, 2010, Elevate

Our top 10 posts of the year, reflecting the interests and concerns of the entrepreneurs and business leaders in the UK mid-market.

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Trust me, I’m a VAT inspector

Thursday, December 16, 2010 | Posted by: Gary Woods
Categories: Business advice, Tax | Tags: tax, property, HMRC, VAT, advice, investigation, Gary Woods, penalties, trust, guidance, DIY, incorrect, leaflet, legal, public notice, claim, advisor, manual, reliable

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Doctors are trustworthy, aren’t they? But what about the VAT man? There was a time when you could approach HM Revenue & Customs (HMRC) for help and guidance, and be reasonably assured that you could rely on what you were told. But the experience of some taxpayers suggests that there is now confusion about what can and cannot be relied upon, and you may now have to insist on your own written ruling if you are to be protected.

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Grant Thornton Quoted Company Awards 2011 – shortlist announced

Friday, December 10, 2010 | Posted by: Fiona Cullinan
| Tags: Grant Thornton, awards, Quoted Company Awards, shortlist, QCA

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The Grant Thornton Quoted Company Awards in January is the first big business and networking event of the year. So what is it all about and who are this year’s contenders?

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Entrepreneur inspiration, interviews and insight - Elevate magazine is hot off the press

Friday, December 10, 2010 | Posted by: Fiona Cullinan
Categories: Environment | Tags: innovation, business, tax, investment, technology, magazine, James Caan, FDs, salaries, Luke Johnson, sustainability, Elevate, South Africa, green, Michelle Mone

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We pride ourselves on providing a great lifestyle read for business leaders, but our twice-yearly magazine is good for business, too, with practical features on executive salaries, tax briefs, green compliance and more. Here’s a preview of what’s inside and how to download your free copy…

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R&D tax relief review – threats and opportunities for UK plc

Wednesday, December 08, 2010 | Posted by: Fiona Cullinan
Categories: Business advice, Tax, Technology sector | Tags: innovation, business, tax, research, technology, report, relief, incentives, consultation, development, review, R&D, Dyson, Samantha Vanags, Sam Vanags

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The Government recently announced that it was reviewing the ways in which it incentivises investment in research and development (R&D).  This raises a number of questions over the future of R&D tax relief. Technology partner Samantha Vanags explains the issues and responds with Grant Thornton’s recommendations on R&D tax incentives.

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My Big Decision: Luke Johnson on taking over Pizza Express

Monday, December 06, 2010 | Posted by: Fiona Cullinan
Categories: My big decision | Tags: business, entrepreneurs, entrepreneur, risk, retail, Luke Johnson, franchise, My Big Decision, food, Pizza Express, takeover, restaurant

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Like many serial entrepreneurs, Luke Johnson believes in getting off your behind, facing down the risks and rising to a challenge. Never more so than in 1992, when he was living on an overdraft in order to help finance a reverse takeover of Pizza Express. It was a transformational moment, which he relives here as the latest subject of Grant Thornton’s My Big Decision series.

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Where is the smart money going in media?

Thursday, December 02, 2010 | Posted by: Fiona Cullinan
Categories: Financing , Media sector, Thought Leadership | Tags: business, media, investment, digital, report, UK, growth, M&A, trends, recovery, private equity, money

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There are signs of life in the UK media sector as investors look to new growth areas and M&A activity picks up. Grant Thornton’s 35-page research report reviews the investment environment with a particular eye on digital. Read on to download a free copy of the report or to find out more…

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Who is supporting Britain’s future entrepreneurs?

Thursday, November 25, 2010 | Posted by: Fiona Cullinan
Categories: Business advice, My big decision, Economy | Tags: entrepreneurs, entrepreneur, networks, Luke Johnson, My Big Decision, mentors, forums, startups, community, Pizza Express, groups, clubs, support

Here on Elevate – for business leaders, we write for and about those dynamic entrepreneurs and business leaders who have already ‘made it’ and are heading up successful companies, many in the corporate mid-market. But our next My Big Decision interviewee has got us thinking about how these CEOs started out and how a new wave of entrepreneur clubs and support networks is supporting British enterprise.

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