Corporate Financier, the monthly magazine of the Institute of Chartered Accountants, England & Wales, features a News article about RVE Corporate Finance.
Gerry Young told Corporate Financier about the market opportunity RVE has been established to address: “In the UK there are about 245,000 small and medium-sized businesses (SME’s), employing between 10 and 249 employees. The owners of these companies, predominantly individuals rather than institutions, will at some point have to make a decision about the destiny of their shareholdings. Since the UK government introduced changes to corporate and tax law back in 2014 to promote the sales of SMEs to EOTs, the owners of approximately 300 SMEs have chosen this exit route. The figures would undoubtedly be much higher if the benefits of a sale to an EOT were more widely known among business owners and the professionals who advise them. Our research and experience suggests that over half of SMEs would be sell-suited to a a sale to an EOT at the point where the business owner wishes to exit”.
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