Whilst you take care of your business…
Helping business owners for nearly 30 years
Montgomery Charles are independent financial planners with a particular specialism in advising business owners. As an Advisor Member of the Employee Ownership Association, we work to provide bespoke wealth management and financial planning advice for those who are either considering or actively progressing through the Employee Ownership process.
Employee Ownership allows you to focus on ‘getting more life out of life’ (our mantra), taking comfort from the knowledge that your professional legacy is in safe hands.
Our specialisms
We have specialised in helping business owners achieve their professional and personal goals for nearly 30 years. As a business owner and founder himself, our CEO, Mike Marigold, knows exactly what it takes to turn an idea into a thriving company and to continue driving towards success.
We also provide specialist investment and planning advice to EO businesses themselves. Our Employee Wealth Fund concept is designed to help businesses make the most of their surplus cash, and navigate the responsibilities that come with being a fully EO outfit.
How we can help you on your EO journey
Exiting business owners
In our 30-odd years of working with business owners, we’ve found we’re often the first people to really encourage exiting owners to really think about what they want the next stage of their life to look like.
If you are a business owner about to hang over the keys via the EO process, it’s vital that you stop and ask yourself one key question: how confident are you that you have a robust, stress-tested financial plan in place that not only provides you with peace of mind over your future financial security, but shows you exactly what you need to do to ‘get more life out of life’ (as our motto puts it)?
It’s not an easy question to answer, so we’ve put together a dedicated resource for business owners to help you get started.
Businesses seeking ‘financial freedom’
It’s an exciting time. Your Employee Owned business has successfully paid off the exiting owners, and you are now ‘financially free’.
In order to make those payments to the exiting owners, your business has been profitable and cash generative, and that state of affairs is likely to carry on.
But here’s the rub: unless you do something with it, that cash will be building up in the company accounts, earning very little interest and losing its value over time, thanks to inflation. Through our experience in the field of supporting EO businesses, we know that most businesses simply aren’t making the most of that surplus cash. You might well be surprised by what’s possible.
What is Employee Ownership and how can it help?
In essence, Employee Ownership is a way to sell your business to your staff via a trust. Over the last decade, this innovative and established approach is gaining in popularity every year, for a number of key reasons:
As an owner you do not have to rely on a third party to see and understand the value of your business, the way you do. You can achieve a sale price that is fair to you, other shareholders and the future employee owners.
The shares you sell to the trust are exempt from capital gains tax, saving you up to 20%. Typically you will receive your sale proceeds over several years, which ensures not only the stability of the business, but helps you to financially transition into the next stage of your life.
Apart from you, who knows how to run your business better than your staff? They are the engine room of your company and of its future success.
Research shows that employee owned businesses are more productive, the workforce are happier, there are less days lost to sick leave and they are typically more profitable. Ultimately staff are more engaged and motivated.
And that’s not all…
- Staff can benefit from an annual tax-free bonus of £3,600 each
- Employee ownership works for businesses across all sectors
- There is no one-size-fits-all approach, meaning your deal can be structured in the best way to suit you, the continued success of your business, your staff and your external stakeholders
- As an owner you can choose to completely exit the business, transition your exit or retain a stake to ensure you and your family continue to benefit from your hard work for generations to come
- This structure can be combined with various other share schemes to ensure you have the right people, doing the right things at the right times
Your next step: Talk to us about EO
Start planning for the future you want today: EO members are entitled to a complimentary consultation with one of our specialists.
This is a chance for us to find out a little more about your situation, and for you to ask any questions you need to. It is complimentary and there is no commitment required on the back of it.
We look forward to speaking to you.
Book an EO chat now
