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Laurence O’Connor CEO, Financial Affairs


About us:


We are a seasoned team of independent insurance brokers and financial planners, boasting a legacy of over five decades built on trust and enduring client relationships.


We focus on trusted advice across personal insurance, business insurance, personal financial planning and corporate financial planning.


Our commitment lies in delivering tailored solutions that safeguard individuals and businesses alike, ensuring peace of mind and financial security.


Our achievements:


We liken ourselves to a 50-year start up, we have the legacy and foundations being founded half a century ago, with the nimble attitude of a new start up.


We have big plans to grow 10 times the size we are in 10 years through organic growth, people and acquiring businesses.


Our advice to buyers and sellers:


When considering buying or selling, Lancashire businesses should trust their instincts and prioritise their own needs.


Not every deal will be a perfect fit, so it’s crucial to be patient and negotiate for terms that align with your main objectives.


Remember, it’s about finding the right match for your business’s long-term success.


financialaffairs.co.uk About us:


I have recently joined Harrison Drury to head up its North West corporate team. I’m really excited to be part of such an ambitious and growing firm.


Our achievements:


Our existing team, together with a number of quality new recruits, are doing some exceptional work in Lancashire and the wider North West region.


In the last six months alone we’ve advised on some significant M&A transactions and have picked a number of new and ambitious clients.


Our advice to buyers and sellers:


Be prepared. Whether you are buying or selling, the process isn’t easy and requires significant commitment.


Getting the right advisors helps a great deal – but sellers and buyers alike need to be prepared and committed to the process.


It’s also vital to know when to say ‘no’. As a seller, you often only get one go at selling your business – so if the deal isn’t right, you should walk away.


On the flip side, if you are a buyer, you need to look out for the warning signs in your due diligence process and know when not to proceed.


The last thing you want is buyer’s remorse. harrison-drury.com 502001 Pierce Ad_Exit Strategies Business Owners_Layout 1 07/02/2024 1


Corporate Finance


Andy Platt Director, Simply Corporate


Clarifying Exit Strategies For Business Owners


About us:


Simply Corporate is a Lancashire-based insolvency practice specialising in business rescue and recovery.


We work closely with directors of small to medium sized businesses that are experiencing any form of cashflow or financial challenge.


Working impartially, we take the time to help directors understand their options and find a practical solution to their needs. Our achievements:


Simply Corporate aims to promote the importance of seeking advice early in everything that we do and with everyone that we meet, as this is crucial to business survival.


I’m really pleased to see that this is working. Directors are contacting us much sooner than they would have done 12 to 18 months ago and this enables us to offer a much wider range of solutions for their businesses.


Our advice to buyers and sellers:


Employee Ownership Trusts | Trade Sale | Management Buyout


01254 688100 | www.pierce.co.uk


Ask for help, Buying or selling a business isn’t an easy process and it’s always best to seek some professional help, speak to your accountant and solicitor for advice on the figures and contracts.


It’s quite easy to become too close to the purchase or sale of a business to be fully objective, so opinions of professionals you trust could help give you a fresh perspective.


simplycorporate.co.uk


Mark Traynor Partner and head of corporate, Harrison Drury


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