Construction company restructures for future
Case Study19th Nov 2021
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Our Client
A successful privately owned UK construction business with an ageing senior team of managers and directors who retained all company knowledge and held key relationships with customers/suppliers. Some members of the senior team (also shareholders) expressed their wish to retire in the medium term, but with neglect of business / future planning, AAB worked with them to develop a succession plan.
Our Approach
- Held meetings with key senior team members to review current business and practices
- Facilitated a Succession Planning Workshop to open up communication of future aspirations, concerns and ideas
- Created a structure for planning for the future, including succession planning and strategies for external recruitment
- Addressed shareholder retirement possibilities through share valuation to determine the value of the business prior to planned exit
- Provided specialist tax advice on share restructuring based on the timelines and outcomes determined by the succession plan
- Provided a plan to successfully restructure the shares in the most tax efficient manner
The Outcome
- Independent business review and project management provided a plan to successfully restructure the shares in the most tax efficient manner
- Business strategy tools to be used in succession planning and internal / external communication
- Provided a structure for management continuity and succession throughout a period of senior team retirement
- Introduced a system that decreases business reliance and exposure to the external recruitment market
- Promoted improved and open communication amongst the senior team
- Improved efficiencies in internal processes
- Added value, sustainability and longevity to the business
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