Why not arrange a free consultation to see how Towers + Gornall can help your business?Free Consultation
Setting Businesses On The Right Track
Lee and Joanne were new to business, wanting to purchase a poultry farm – a sector that Joanne knew particularly well as her parents were in the same trade.
Towers + Gornall were able to prepare cash-flow projections alongside a business plan in order to apply for the bank borrowing required to make the purchase of the farm possible. We also introduced them to a solicitor who proceeded to undertake the necessary legal work.
We advised them on how the deal should be structured, which entailed forming a company in order to purchase the farm buildings with the family home being purchased privately. We assisted in the negotiations of the goodwill valuation which had both initial stamp duty and on-going Corporation Tax consequences.
Once the deal had been agreed we introduced Lee and Joanne to our online bookkeeping solution. This allows them to have up-to-date information that can be easily forwarded to the bank and gives Lee and Joanne a better understanding of how the new business is performing. So long as internet access is available all of this information is literally at one’s fingertips, which is great news for the clients.
Lee and Joanne offered the following soundbyte:
We are now 3 years on from the purchase of the farm and are doing well. Without the expert advice and assistance from Towers + Gornall I don’t think we would be where we are today. They didn’t just help on the accounting side but introduced us to so many other professional contacts that enabled the farm purchase to go ahead and be a financially viable business. The team are friendly and we do not hesitate in calling them with anything we may need advice on. They definitely held our hands through the whole process.
If you would like any information about our services please do not hesitate to contact us.