UK Budget Changes October 2024 – will they affect business sales?
The recent budget announcements by Chancellor Rachel Reeves introduce several tax changes that could significantly impact the buying and selling of businesses in the UK.
News
95% of SME Businesses For Sale Fail to Find a Buyer and Other Internet Myths
We are often asked why we think we can succeed and find buyers when there is a statistic peddled about online that only 5% of SME businesses find a buyer. Just a quick look at our order book earlier today tells me this is statistic is probably made up by parties with vested interests.
Is Building a Recruitment Business to Sell a Good Idea?
In the conversation we have with recruitment agency owners who want to build to sell, the first question we ask is ‘why?’. It may seem like a simple question to some, “to become wealthy,” but not everyone’s ambition is driven by money. It could be that you want to retire, you have suffered ill health, a key member of staff has just left, your business is struggling, your clients are leaving you. Your reasons for selling also affect the sale price.
Quality Over Quantity
Delivering consistent, high-quality placements is what sets a recruitment agency apart. Prioritising quality over quantity ensures lasting partnerships, higher client satisfaction, and stronger candidate matches. It’s about precision, not volume. #QualityOverQuantity #RecruitmentExcellence #ClientSuccess #StrategicHiring
What Factors are Taken Into Account for Recruitment Agency Valuations?
There are so many different factors involved in every recruitment agency/business sale, but broadly speaking market valuations depend on the following list of factors. Recruitment Agency Sales article
Don’t Let Them Get Away With It – Taking Action on Unpaid Recruitment Fees
For more detailed advice on safeguarding your recruitment fees, get in touch! Always happy to have a discussion. You can also use the Interim Lawyers Platform to get independent reviews of terms undertaken by experienced commercial contract solicitors from just £85 per hour.
Selling to Local Competitors – Is It a Good Idea?
Carefully consider the implications of approaching local competitors. Despite repeated advisories, many still believe it’s a viable strategy, only to have their time wasted and sensitive information exploited. Selling to a local competitor rarely achieves the desired outcome. If you have any questions about this article or are considering selling your recruitment agency, contact us at Recruitment Agency Sales for expert advice and support.
What are the tax implications of selling a recruitment agency?
Selling a recruitment business has several tax implications that you need to consider. Here’s a breakdown of the key aspects. This is not intended to be tax advice and you should always contact a specialist accountant or tax adviser for full and certain information.
Exploring the Most Popular Industries for Recruitment Agencies in the UK
Exploring the Most Popular Industries for Recruitment Agencies in the UK – article by Recruitment Agency Sales.
How to Rescue a Business in Financial Difficulty: A Guide to Options in the UK
how to rescue a business in financial difficulty, article from RAS Recruitment Agency Sales. UK specialists for recruitment agencies.