Restructuring Your Business

BPE provides sound commercial legal advice throughout each lifestage of a business, whether it's changing the structure of the business from sole trader to a limited company or partnership or appointing sales agents, building or taking on a franchise or valuing your business for investment.

Restructure Options

Choosing your new business structure

As your business grows you may decide that the original structure you chose for your business needs to change. From Limited Liability Partnership agreements to shareholder agreements, our team can advise on the best structure for your business.

Your accountant may decide that your business needs to be re-organised. Whatever steps you are taking we have th eadvide and documentation you will need.

Franchising your business

We specialise in franchise agreements and can advise on the whole process. Whether you are the franchisor or the franchisee, we can help your business go from strength to strength, having helped many well-known brands set up successful franchise models.

Valuing your business for investment

You may wish to get your business valued if you are thinking of selling, or bringing a partner on board to invest.

There are main ways of valuing a business and your accountant is the best person to approach here. We can of course introduce you to an appropriate valuer.

  • Cash flow based
  • Asset Based
  • Analysis of comparable companies

Cash flow based

This method uses your future expected revenues and costs to arrive at an expeced net profit. The forecast is run for a period of time, usually five years which calculates a terminal value. A discount is then applied which reflects the time value of money and risk factor. This is generally the best way to value a company, but it can also be the most complicated and prone to mistakes.

Asset based

This method values the assets of your business, including buildings, machines, products and raw materials. This is not always a suitable valuation method for small businesses as they may not have had time to build up an asset base.

Analysis of comparable companies

You can also try establishing a comparative value for your business. To do this, find a business which is roughly similar in size and service to yours that was recently sold and obtain the actual value of transaction.

Group structures

Reorganising your business can give rise to all sorts of employment , contractual, property and regulatory issues.

Whatever structure you decide to put in place, we can help you address the relevant issues.

Re-financing

Whether you are a sole trader or a company, if you are looking to borrow from a bank or third party lender or change you lender or your existing facilities you need to make sure that the financial covenants, warranties or events of default do not catch you out.

We have a wealth of experience in all aspects of banking & finance transaction. If you are a bank or financial institution we advise on the full range of finance transactions from corporate lending to restructuring and recovery.

Management buy out

You may have identified that the most natural successors to the business you have created are already working for you. If you decide to offer them the chance to undertake amanagement buy out then we can advise you on how to go about this and the pitfalls that you need to avoid. You may decide to stay on in the management by helping to back the MBO.

If your company is considering purchasing its own shares you'll need to follow the procedures set out in the Companies Act 2006. You'll need to involve your auditors and the proposal must be approved by all company shareholders. We can advise you on all the documentation you'll need and walk you through the whole process.

Bringing in new partners, colleagues or investors

As your business grows you may want to bring in new partners, colleagues, investors or even franchise your business. Ensuring your Partnership, LLP Agreements, Consultancy or Franchise agreements are robust is essential.

Commercial agreements should be as individual as each business. BPE creates tailored business terms, agreements and contracts to fit your business and its needs.

If you are bringing in new partners and looking for debt or equity funding we can advise you on what protections funders will look for, how you can limit these and how you can avoid the pitfalls of your business not performing in the future as your funder expects.

Share buy back

If your company is considering purchasing its own shares you'll need to follow the procedures set out in the Companies Act 2006. You'll need to involve your auditors and the proposal must be approved by all company shareholders. We can advise you on all the documentation you'll need and walk you through the whole process.