How Can Silk Letting Ltd Help You?
Together, we can explore what a good exit might look like. We specialise in a number of areas that are key to the business exit process, including investment structuring, passing on wealth to future generations, and securing your wider legacy.
Our work with business owners all over the UK means that we understand entrepreneurs and their financial vision. As their partner, we help them grow, manage and preserve their wealth effectively.
Owners need to prepare thoroughly to ensure a successful transition. Taking the right approach will make all the difference not just for their family and businesses, but for their communities and the larger economy as well.
We’ve seen businesses transform over many decades and across geographies. Our experience helps us understand the foundations for success: effective and early dialogue with all stakeholders and using the right words at the right times can increase the likelihood of successful transition.
Business families considering succession typically have three main concerns:
How to ensure the continued success of their business.
The impact of the transition on family members, whether they take on active roles or not.
How the big decisions will be made, and by whom.
These issues are interdependent, and we can help you find the right balance.
We don’t view succession as a single event. It’s a process. And breaking down your approach into management, ownership and governance transition can be a useful way to frame the process from the perspectives of all stakeholders, both inside and outside the family.
“Taking it on. Building it up. Handing it over. Letting it go. Take it a step at a time.”
Please contact Silk Letting Ltd on 03333 350218 for further advice.
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Our Selling Approach
We pride ourselves on providing exceptional customer service to our clients and we aim to not only meet but exceed expectations. We strive to make sure that your business value is recognised in its entirety through our business valuation service and that everything you have invested in your company is invested back in you.
Our professional marketers and negotiators take a four-step approach:
Listen
We need to understand the ins and outs of your business to get an insight into how it functions and where it may be placed on the market. The only way we can understand your business is to listen and find out everything we need to know about your business objectives.
Once we understand your business, we can sell it. We recognise that every business is completely unique and this is why we take a personal approach to make sure that we achieve the best outcome for your business and its bespoke needs.
Showcase
Our job is to showcase your business in the best possible light to potential buyers. Our expert marketing processes are designed to target the areas that make your business stand out from the crowd and accentuate its unique selling points.
Our marketeers will work with you to bring the commercial aspects of your business to the forefront of the market and think of bold ideas that live outside of the box.
Attract
Our primary goal is to attract potential buyers and generate interest in your company. In order to do this, we develop a buyer reach strategy using information collected from authoritative sources.
We need to see the bigger picture and make sure that your business is left in safe hands with an experienced, ambitious buyer who will recognise the value of your company and nurture its future success.
Deliver
Results are everything. Our strategy from transaction all the way through to completion is about achieving the best possible outcome for you and your business.
Our expert team will be there to support and guide you through every step of the process, striving to negotiate the best deals and make the right decisions for your bespoke needs.
Why Choose Silk Letting Ltd To Sell Your Business?
Our expert marketing agents at Silk Letting Ltd have access to the best advertising platforms on the market. We strive to achieve maximum exposure for your business and attract the highest bidder to make sure that your company value is rightfully recognised and appreciated.
Silk Letting Ltd does not charge upfront fees for managing business sales and just takes a percentage of the final agreed selling price.
We aim to have your business live on the market within 5-7 days. We develop a process that will successfully promote and sell your business in a way that plays to your strengths and doesn’t waste time.
If you want to find out more about how we can help you to successfully sell your business, contact us today for a confidential chat with our friendly team.
Frequently asked questions
Can’t find what you are looking for? Feel free to get in touch with our team to discuss any questions you may have
When is the right time to sell your business?
Ultimately, only you know when the right time is to sell your business. Typically, business owners might feel that it is time to sell when they want to make a lifestyle or career change.
It is better to sell your business when it is performing well rather than when it is losing, in order to make it more desirable to potential buyers.
When selling a business, how do you value it?
Silk Letting Ltd has a business valuation service designed to calculate an accurate figure for the value of the business.
What happens to cash when selling a business?
When you sell a business, the business owner will keep any and all cash and cash equivalents i.e. money market funds or bonds. Cash includes money in the company account.
Do you get taxed when you sell your business?
You may receive a hefty tax bill when you sell your business as sales profits of business assets are likely to have capital gains tax.
The top federal personal income tax rate is at 37% for the highest tax bracket if you’ve had your business for less than 12 months. For business owners who have had a business for longer than 12 months, the tax rate is at 15% (subject to change).
Can I sell my business if it has debt?
You can sell a business with debts. Typically, if a business is to be sold with debts then the seller can either settle the debts in the sales process and set a higher price to buy the company, or set a lower price and pass on responsibility to the buyer.
Can you sell a company in liquidation?
If a business has gone into liquidation, it cannot be sold as one single entity. However its assets, including premises and stock, can be sold off to investors.