Five key considerations before selling your business

Important questions to ask

clock • 2 min read

Selling a business can be necessary yet tricky undertaking. Support services firm Bankhall has outlined five steps advisers can take to maximise the value in their firm before selling up…

According to Bankhall, advisers should take at least two years to plan their exit to make it as smooth and clean as possible, and maximise the return they get from selling. Too often advisers underestimate the work involved and the steps required to prepare their business for sale, the firm said. Head of bespoke solutions Linda Preston-Todd said: "Many business owners are deeply involved in the day-to-day operation of their firm and conducting meetings with clients. This is completely understandable, but what we regularly see as a result is that exit planning is often left to the last...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Sector divided on Reeves' pullback on Cash ISA reform

Sector divided on Reeves' pullback on Cash ISA reform

‘A big win for defenders of a broken system’

Sorin Dojan
clock 11 July 2025 • 2 min read
FCA flags progress on internal DEI targets and urges action on Consumer Duty

FCA flags progress on internal DEI targets and urges action on Consumer Duty

According to the FCA report 2024-2025

Sahar Nazir
clock 11 July 2025 • 2 min read
FCA reviewing client categorisation rules to distinguish retail investors from the pack

FCA reviewing client categorisation rules to distinguish retail investors from the pack

Goal of 40 more initiatives to be completed by year end

Eve Maddock-Jones
clock 10 July 2025 • 2 min read