At a number of recent roundtables, entrepreneurs have discussed their desire to exit their business. While successful exits are the sign of a healthy ecosystem, many of these decisions are being undertaken for the wrong reasons: the political landscape, access and costs of capital, and rising costs of doing business. Of equal concern, many have discussed their plans to move their business overseas that could be avoided if the UK had a more favourable business environment.
These anecdotes were recently confirmed by recent polling by Evelyn Partners, which found that the majority of UK businesses with a turnover of £5 million upwards are pursuing an exit strategy: 65% of owners are looking to sell off their enterprises, with two in five (40%) planning to exit within the next year.
This is why we’re joining up with Evelyn Partners for a private roundtable to better understand entrepreneurs’ concerns. With an election around the corner, we will take your anonymised views into government.
Some key questions to be discussed include:
To what extent do current and expected changes to personal and business taxation play in your consideration of exiting?
What commitments would you like to see in the main parties’ manifestos ahead of the next general election?
Would being able to access more finance impact your consideration of exiting your business?
Which countries would you consider moving your business to?
Which exit strategies are being considered and at what timescale?
How can policymakers better distinguish between positive and negative exits?
Timings:
8.15am to 9am breakfast and networking
9am to 10am roundtable discussion
10am to 10.30am – option to stay for further networking
Our Partner for this event is Evelyn Partners. They are experts in wealth, accountancy and business advisory services, with almost 200 years’ experience of helping people and businesses flourish. Their mission is ‘to place the power of good advice into more hands’.
This event is aimed at the founders of high-growth firms. To request a place, please RSVP events@tenentrepreneurs.org.