Accountants Advise Business Owners On Management Buy-outs

Thu, 14 Apr 2011

York-based chartered accountants and business advisers, Garbutt and Elliott, have launched a new online service which gives step-by-step free advice on how to carry out a management buy-out (MBO).

The unbranded website, mboguide.co.uk, provides free, practical advice to business owners and management teams on the steps needed for a successful management buy-out.

It has been created to stimulate MBO activity and is believed to be the first web-based service of its kind.

Richard Feltham, Garbutt and Elliott’s corporate finance partner, said: "We expect a growing number of business owners to seek an exit route in the next few years, especially following the Chancellor’s doubling of the lifetime limit for entrepreneurs’ relief from £5 million to £10 million."

"An MBO is one way to achieve this. The website aims to support activity by giving far more detailed advice than professional firms usually provide in this way."

Garbutt and Elliott are one of the largest independent firms in the North of England, offering a range of accountancy, taxation and business services .
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