CLIENT STORY: STRENGTHEN - PROTECT - 1
PROTECT

CLIENT STORY

This client started his journey at PROTECT. He has a really great, niche business which he has made extremely successful.  

After putting in the technical work and doing day to day tasks, he took the steps to restructure his business. He was worried about the levels of cash being held in the business and wanted to diversify into different business sectors. He wanted to move into property development and buy to lets. He could have invested in property via his original structure, however this would have caused two potential problems;

Risk – what if something went wrong with the new businesses? Would it affect the existing business?
Sale – what if someone wanted to buy the original business? He didn’t want a potential buyer having the cash or a property as well as the business

Another alternative would have been to take the cash and invest personally. There were obvious flaws with this plan;

Tax liability – taking out the levels of cash in the company would have created an astronomical personal tax bill.  
Ownership – he didn’t want to own the properties personally. He wanted an element of protection the Ltd company provides.

So, we helped him to restructure his company and dealt with all the compliance associated with this. We dealt with HMRC for him meaning he could just focus on his business.  

From this he planned for an eventual sale of business in the coming 5 years, however I’m really pleased to say he has already received an offer and may be selling sooner than he anticipated.

All of this started with getting the structure of the company into the correct layout.

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