Entrepreneurs' Relief (ER), first introduced in 2008, currently allows qualifying business owners to pay a reduced rate of Capital Gains Tax (CGT) of 10% (compared to 20% for higher rate tax payers) on business disposals up to a lifetime allowance of £10m. But ER is in danger as Sir Edward Troup, the former head of HM Revenue and Customs, says that “Eentrepreneurs' Relief costs the country £2bn in lost tax revenues per annum and adds nothing to entrepreneurship."
Twelve members from our international network ICFG met in Stuttgart this week for the annual ICFG Autumn conference, hosted by German member Wintergerst Societät für Unternehmer-Beratung GmbH & Co. KG.
HMT LLP have completed a combined buyside advisory engagement comprising debt advisory and financial due diligence for Ethos Partners on their investment in UK leading golf trolleys and accessories retailer Motocaddy Holdings to support the MBO.
2019 has seen a solid first half year performance from our international network of M&A firms ICFG, with 29 deals completed across 9 countries by the end of July 2019.
Whilst the ultimate intention might be to sell 100% of a business, there may be circumstances for an entrepreneur where a full disposal process is not the best option. Sometimes, maximizing value can be best achieved in two phases with a partial exit now to allow a shareholder to personally de-risk and a complete exit at a later stage.
HMT has delivered a two day training course for junior members of the International Corporate Finance Group (ICFG), at our offices in Henley on the 17th and 18th September.
HMT advised leading festival booking platform Festicket on their acquisition of ticketing platform Event Genius and their consumer facing brand Ticket Arena.
HMT advised the shareholders of London-based manufacturer of industrial electrical and heat insulation products Elmelin Ltd on the disposal of the business to the management team supported by Panoramic Growth Equity.
HMT provided debt advisory services to Weight Partners Capital (“WPC”) on their recent fundraising. WPC secured senior debt funding from Triple Point Investment Management to inject into WPC’s portfolio business Rileys Sports Bars.
HMT advised Arbuthnot on the refinancing of specialist precision component manufacturer Precision Technologies Ltd. Arbuthnot provided a cash flow loan and receivables financing facility to Precision Technologies.