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What do Warren Buffet, Idris Elba and long jump have in common? In the first of a new series of posts, we get to know one of our Regional Partners. Geoff Kwateng supports business sales and purchases across Crawley, Guildford and Reigate and the surrounding areas. He reflects on his personal and professional highlights since joining Business Partnership, and the best piece of advice heโ€™s ever been given.

Meet the team and find your local business broker

Itโ€™s been 18 months since you joined Business Partnership. How is life as a business broker?

Very positive. I joined when there was a lot of uncertainty in the market thanks to legislation changes that came into force in April. At the time, buyers and lenders were ultra cautious. I took the opportunity to join local networks to build my profile and raise awareness of the Business Partnership brand.

Thankfully, there were no more big changes announced in the Autumn 2025 Budget. Buyer confidence returned, and the market picked up. Since then, itโ€™s been very busy, and I currently have four business sales in progress, with offers on the table for all of them.

Whatโ€™s been your highlight so far?

Getting my first business sale under my belt was a big milestone. I supported the sale of a storage and removals business, using the strength of the Business Partnership network to find a buyer. Iโ€™m also proud to have offers coming in for all four businesses I am currently working with.

How have you developed since joining Business Partnership?

I am someone who is always learning – through research, sharing ideas and asking for opinions – so I have found our Partner meetings so valuable. Itโ€™s a great place to get new ideas and ask for feedback. The best thing about Business Partnership is that you run your own business, but thereโ€™s always this brilliant network of minds to call on. Iโ€™ve worked on building local connections – both online and through networking. I enjoy attending tailored events focused on accounting, finance and wealth management.

Has anything surprised you over the last year?

Yes, the amount of people I meet who are unaware people like us exist! Itโ€™s been a real eye-opener and a good opportunity to raise my profile and awareness of what Business Partnership does. I am now the go-to person for brokering business sales in several local networks!


From a client perspective, what are the benefits of choosing Business Partnership over one of the big brokerage firms?

I would say there are five big benefits:

  1. We are relationship based – we get to know you, your business, and what you want to achieve from a sale or purchase.
  2. Local knowledge – we know the area your business operates because we live and work there.
  3. Simple structure – you deal directly with a partner, not an office junior.
  4. Massive network – covering all sizes and sectors of business, enabling access to a large pool of buyers.
  5. Whole of market coverage – larger firms tend to operate in niches above a certain level and size.

If you could change one thing about selling businesses in the UK, what would it be?

Preparing to sell. I would raise awareness that there are people out there who can help you get everything in order and prepare to sell your business. Itโ€™s incredible how many owners think they can sell without putting in the groundwork. I like to think of preparing to sell as washing your car before you sell it!


Do you have a message for anyone considering joining Business Partnership?

Itโ€™s an ideal fit for anyone experienced in business development or consultancy. If you have a sound understanding of how the market works and are good at building relationships, joining the network is a great opportunity to build on that knowledge and develop your own business.


What are your hobbies and interests outside of work?

When Iโ€™m not working, youโ€™ll find me in the gym, listening to music or watching sports. Athletics and football are my favourite sports to watch.

If you could compete in an Olympic sport, which would you choose?

Long jump. I enjoyed competing as a child and reached a pretty decent level.

Whatโ€™s the best piece of advice youโ€™ve ever been given?

Focus on what youโ€™re good at and let the experts deal with the rest. Someone shared this with me in the last year, and since I took their advice, my business has really taken off.

Who would play you in the film of your life?

Idris Elba. He needs no introduction!

If you could invite three people, living or dead, to a dinner party, who would you choose?

The CEO of Red Lobster, Damola Adamolekum. Weโ€™re the same age, and I would love to hear his story.

Warren Buffet – a fascinating man I could learn a lot from about finance and investing.

Michael Jackson – Iโ€™ve always been a huge fan of his music.


Get in touch with Geoff

If you own a business in a GU or RH postcode and are planning to sell, working with Geoff could provide the impetus and support you need to achieve your plans. Get in touch to start the conversation.

April 2026 brings one of the most significant packages of employment law reform in recent years. For business owners, the changes aren’t just an HR administration task; they affect payroll costs, compliance exposure, and in some cases, the value and saleability of your business. Here’s what’s changed, and what you should be doing about it.


Day One Rights: Paternity and Parental Leave

Fromย 6 April 2026, both Paternity Leave and Ordinary Parental Leave become day one rights. Qualifying periods have been removed entirely. Employees can take this leave from their first day in post, which has direct implications for workforce planning and cost forecasting, particularly in businesses with high staff turnover or seasonal hiring.


Statutory Sick Pay – No More Waiting Period

Also fromย 6 April, SSP is now payable from the first day of sickness; the three-day waiting period is gone. For businesses where absence is already a challenge, this change increases the cost of every short-term sickness episode. In labour-intensive sectors, such as retail, food service, care, and manufacturing, this will be felt quickly.


National Minimum Wage Increases (from 1 April 2026)

The new rates are:

  • Age 21+ (National Living Wage):ย ยฃ12.71/hour
  • Age 18โ€“20:ย ยฃ10.85/hour
  • Age 16โ€“17:ย ยฃ8.00/hour
  • Apprentices:ย ยฃ8.00/hour

For businesses with significant numbers of lower-paid staff, this isn’t a marginal shift. Combined with the SSP and parental leave changes, the total employment cost increase for some operators will be material.


Updated Statutory Payment Rates (from 6 April 2026)

The weekly rate for statutory maternity, adoption, paternity, shared parental, neonatal and parental bereavement pay rises to ยฃ194.32, with SSP increasing to ยฃ123.25 per week. The statutory redundancy weekly pay cap has also increased, moving from ยฃ719 to ยฃ751 per week; relevant to anyone calculating redundancy payments or tribunal basic awards.


Collective Redundancy Protective Award

Fromย 6 April, the compensation for failing to properly consult employees in a collective redundancy situation has doubled from 90 toย 180 days’ pay per affected employee. This is a significant increase in exposure for any business that has carried out, or is planning, a restructure. If consultation wasn’t handled correctly in the past, that’s a potential liability that due diligence will surface.


Fair Work Agency – New Enforcement Body

Fromย 7 April, a new enforcement body is operational and empowered to inspect employers and issue fines ofย up to 200% of unpaid wages. The message here is clear: compliance isn’t optional, and enforcement will be more active going forward.


Trade Union Recognition – Lower Threshold

Fromย 6 April, unions only needย 10% membershipย in a bargaining unit to apply for recognition. Combined with the earlier removal of the support threshold rule (from February 2026), organising trade union recognition has become structurally easier. Businesses that haven’t considered their employee relations exposure should be aware of the changed landscape.


Whistleblowing Protection Extended

Fromย 6 April, reporting sexual harassment now qualifies for whistleblowing protection, adding a new category to an already complex area of employment law.


A Note for Scottish Business Owners

Scotland has been granted an additional bank holiday on Monday 15 June 2026 – much to the delight of our Scottish team! The day has been granted to allow football fans to watch Scotland play in the World Cup. Employers in Scotland need to review contracts and existing bank holiday entitlements now to understand how this applies to their workforce and what, if any, additional cost or operational adjustment is required.


Why This Matters if You’re Thinking About Selling

Employment compliance is one of the areas buyers scrutinise most closely during due diligence. Outdated contracts, unresolved redundancy processes, or wage underpayments don’t just create legal risk, they create negotiating leverage for the other side.

A few specific points worth considering:

  • Payroll cost increases directly affect your normalised profit figures.ย Buyers will adjust for the new wage rates when assessing forward earnings, and your EBITDA multiple will be applied to a lower number if margins have compressed. Understanding the impact now gives you time to manage it before going to market.
  • The doubling of the Collective Redundancy Protective Awardย means that any historic restructuring that wasn’t properly documented could represent a meaningful contingent liability. Buyers will ask.
  • The Fair Work Agencyย signals a more active enforcement environment. Evidence of clean, compliant payroll practice will become increasingly important in sale processes.
  • Handbook and policy documentationย that doesn’t reflect current law is a red flag in any well-run due diligence process. It’s a relatively straightforward fix, but it needs to be done.

Practical Steps for Business Owners

Review and update your employment contracts and handbook:ย If your documentation hasn’t been updated to reflect the April 2026 changes, address that now. Outdated policies signal a business that hasn’t been actively managed; not what you want going into a sale process.

Recalculate your payroll costs under the new rates:ย Understand what the NMW increases, day one SSP, and revised statutory payment rates mean for your margins. If you’re preparing for a sale, your adviser will need accurate normalised cost figures.

Audit any historic redundancy processes:ย With the Protective Award doubled, any redundancy situation that wasn’t properly consulted on is carrying more financial exposure than it was six months ago. If there’s a question mark, take legal advice now rather than having it surface in a buyer’s due diligence.

Seek specialist employment law or HR support:ย The April changes are broad and some have nuances that depend on your specific workforce, sector, and contracts. A specialist will be able to assess your specific exposure and help you get ahead of any issues.

If you’re in Scotland, review bank holiday provisions:ย Check what your contracts say about bank holidays and understand the operational and cost implications of the 15 June additional day before it arrives.


The April 2026 employment law changes add to what is already a challenging cost environment for UK businesses. Managing them properly isn’t just about compliance; it’s about protecting your margins, reducing your risk exposure, and making sure your business is as well-positioned as it can be, whether that’s for continued growth or for a future sale.

Atย Business Partnership, we work with business owners across the UK on exit planning, valuations, and preparing businesses for market. If you’re considering a sale and want to understand how changes like these affect your position, we’re happy to have that conversation.


This article is provided for general informational purposes only and does not constitute financial, legal, employment, or investment advice. Every business operates under unique circumstances, and decisions should be made only after taking appropriate professional advice tailored to your specific situation. Business Partnership accepts no liability for actions taken or not taken based on the content of this publication.

Small and medium-sized enterprises (SMEs), which account for nearly 99% of UK businesses, are facing what industry groups and lawmakers describe as a โ€œcost crunchโ€ comparable to pressures seen during the pandemic, but without equivalent support. Multiple business bodies and parliamentary committees are now urging urgent action as April 2026 approaches.ย 


Whatโ€™s Driving the April Cost Crunch?

The Federation of Small Businesses (FSB) has warned that a concentrated cluster of cost increases landing in April will hit SMEs hard. The key drivers include:

  • Rising employment costs, including a higher national living wage and removal of exemptions on statutory sick pay, are sharply increasing payroll expenses.
  • Higher energy costs and standing charges, still weighing heavily on small operations.ย 
  • Business rates pressures and changes to reliefs, reducing historic discounts and increasing bills.ย 
  • Dividend tax changes and tax burdens, squeezing owner income and reinvestment capacity.ย 

This combination is projected to dramatically increase operating costs for many small firms, with some estimates suggesting an employer with nine staff could see employment costs jump by roughly ยฃ25,000+ annually due to wage and sick pay changes alone.ย 

The FSB has specifically described the situation as a โ€œperfect stormโ€ of cost pressures; not one isolated factor, but multiple policy and price changes hitting simultaneously.ย 


Structural Pressures Beyond April

The spotlight isnโ€™t only on Aprilโ€™s cost shifts. The House of Commons Business & Trade Committee recently concluded that small businesses are now operating under cumulative structural pressures comparable to the pandemic era (or worse) without emergency support. According to the committeeโ€™s findings, SMEs face a combination of:

  • Chronic late payments and cashflow drag, with billions owed yet outstanding.ย 
  • Rising energy and operating costs continuing beyond April.ย 
  • Barriers to growth from tax complexity and business rates systems that donโ€™t fairly scale with business size.ย 
  • Higher compliance burdens and crime costs, impacting margins and risk.ย 

The committee described these pressures as “structural and self-reinforcing“, warning they risk accelerating closures, hollowing out high streets, and undermining UK economic growth if left unchecked.ย 


What Business Owners Are Saying

Multiple industry reports indicate that the mounting pressures are already affecting business confidence. Many SMEs expect to:

  • Cut-back output or operations in response to costs.ย 
  • Delay or scale back hiring as wage costs rise.ย 
  • Experience tighter cashflow cycles that hamper investment and resilience.ย 

This aligns with recent small business research showing cost concerns are at their highest levels on record, with running expenses topping the list of strategic business worries.ย 


Why This (Obviously) Matters for the UK Economy

Small businesses are deeply embedded in the UKโ€™s economic fabric. Sharp cost increases have multiple knock-on effects:

  • Jobs and hiring: Rising labour costs can lead to reduced hours and slower hiring, particularly at entry-level roles.ย 
  • Local economies and high streets: Persistent cost pressures risk accelerating closures, with high streets already showing signs of strain.ย 
  • Investment and growth: Uncertainty over costs and cashflow discourages investment and acquisition plans, and can undermine long-term planning.

The committee and business groups are calling for policy responses that recognise the distinct scale and role of SMEs, rather than uniform cost increases that disproportionately hit smaller firms. 


Practical Steps for Business Owners & Advisers

While macroeconomic and policy environments evolve, businesses can take proactive steps to build resilience:

Cashflow planning
Prepare scenario forecasts that factor in Aprilโ€™s cost shifts and test projected impacts on liquidity, employment costs, and margins.

Cost benchmarking and pricing
Review customer pricing models and cost structures to ensure rising overheads are appropriately factored into commercial terms.

Operational efficiency
Tighten operational controls, streamline procurement and seek cost-effective technology solutions that protect service quality.

Engage with sector bodies
Participation in representative groups like the FSB and business alliances helps amplify SME voices in policy discussions and reform calls.

Funding and liquidity options
Explore flexible finance solutions, such as invoice financing, to smooth short-term cashflow gaps without immediately diluting ownership. However, this approach should be used cautiously where forward sales visibility is weak. Additional borrowing in an uncertain trading environment can amplify risk rather than relieve it, particularly if revenue projections fail to materialise. Careful stress-testing of repayment capacity and downside scenarios is essential before increasing leverage.


The emerging picture for April and beyond is one of intensifying cost challenges and uncertainty for UK small businesses. While policy shifts and economic conditions are beyond individual control, robust planning, financial discipline, and informed decision-making will be key to navigating this period.

At Business Partnership, weโ€™re monitoring these developments and advising owners on cashflow optimisation, valuation impact analysis, and strategic positioning; all critical as operating environments shift. If your business is assessing the impact of these cost pressures or considering exit and acquisition opportunities in this context, we can help you assess value and identify options that align with your goals.

Click here to find your local Business Partnership advisor


This article is provided for general informational purposes only and does not constitute financial, legal, tax, or investment advice. Every business operates under unique circumstances, and decisions should be made only after taking appropriate professional advice tailored to your specific situation. Business Partnership accepts no liability for actions taken or not taken based on the content of this publication.

Business Partnership is pleased to announce that Cameron Young, current Partner for the Edinburgh office, has joined the Board as Business Development Director.

Cameronโ€™s appointment follows a transformative year for Business Partnership, during which the firm underwent significant strategic change, strengthening its national proposition and future-proofing the business for long-term growth.

Since joining Business Partnership, Cameron has played a central role in driving the firmโ€™s evolution, working closely with the board and partners to deliver major initiatives across systems implementation, digital transformation, strategic partnerships, and the full brand refresh launched in 2025.


A strategic appointment for the next phase of growth

In his new board role, Cameron will be responsible for leading business development strategy across the UK, supporting partnersย with growth, strengthening national relationships, and helping shape the next phase of Business Partnershipโ€™s expansion.

Raymond Blin, Chairman of Business Partnership, commented:

โ€œCameronโ€™s appointment to the board is a natural progression. Over the past year, he has been instrumental in helping modernise the business. His commercial insight, energy, and deep understanding of what business owners really need make him a huge asset at board level.โ€

Paul Dodgshon, Managing Director, added:

โ€œCameron brings a rare combination of hands-on deal experience and strategic thinking. He understands growth from both an ownerโ€™s and adviserโ€™s perspective, and his contribution throughout 2025 has been exceptional. This role formalises the impact heโ€™s already having and positions us strongly for the future.โ€


Building on a year of change

The appointment follows a landmark year for Business Partnership, which saw the rollout of new internal systems, a redesigned website, enhanced partner collaboration, and a refreshed brand designed to better reflect the firmโ€™s modern, people-first approach to business sales and acquisitions.

Cameronโ€™s leadership was central to delivering these initiatives, working across teams to ensure that innovation was matched with practicality and that improvements directly benefited both clients and partners.

Commenting on his appointment, Cameron said:

โ€œIโ€™m incredibly proud to be joining the board at such an important point in Business Partnershipโ€™s journey. The last year has been about building strong foundations; this next phase is about growth and continuing to raise the bar for how business sales should be done.โ€

The Autumn Budget has landed – or more accurately, leaked.

Thanks to the OBR accidentally publishing its report ahead of schedule, we had the chance to start reading through it before the Chancellor had even finished clearing her throat. Itโ€™s not often government paperwork arrives earlyโ€ฆ

Jokes aside, the Budget contains a series of subtle but significant shifts that directly affect UK business owners. While headlines will inevitably focus on personal taxes and welfare reform, the real story for SMEs and owner-managed companies is buried in the details.

Below is a business-focused breakdown of whatโ€™s changing, why it matters, and what owners, directors, buyers, and sellers should be thinking about next.


1. Dividends: Tax Is Rising

The Budget includes a 2-percentage-point increase across all dividend tax bands from April 2026, affecting all owner-managed companies that rely on dividends as a key method of profit extraction. This follows several years of frozen allowances and reduced dividend thresholds, further eroding the traditional โ€œsmall salary + dividendsโ€ model.

What this means for business owners

  • Your take-home income will fall, particularly if you distribute profits primarily via dividends.
  • Companies with multiple shareholder-directors will experience a noticeable cumulative effect.
  • It becomes increasingly important to review total reward, including salary, pension contributions, and benefits.
  • Some businesses may consider retained profit strategies or reinvestment ahead of extraction.

For business buyers

  • When analysing businesses where profits flow heavily to directors via dividends, expect lower post-tax returns.
  • Adjust valuation models to reflect the higher tax drag on owner income.

2. Salary-Sacrifice Pensions Hit With a New NI Charge

A major under-the-radar change; National Insurance will now apply to salary-sacrificed pension contributions. For years, salary sacrifice has been one of the most tax-efficient remuneration tools for directors and senior staff. That advantage has now been partially removed.

Implications

  • Director tax planning becomes more expensive – many owner-managers will effectively face a higher payroll tax burden.
  • SMEs offering generous pension-via-sacrifice schemes will see increased employment costs.
  • Expect accountants to recommend restructuring remuneration models before year-end.

Practical next steps

  • Review all salary-sacrifice arrangements immediately.
  • Remodel employee benefit costs for 2026 and beyond.
  • For businesses being sold, update normalised EBITDA to reflect NI impacts on remuneration packages.

3. Employee Ownership Trust (EOT) Relief Tightenedย 

The Budget delivers one of the most significant changes to succession planning in years; capital gains tax relief on disposals to Employee Ownership Trusts will be cut from 100% to 50%. This does not scrap EOTs, but it removes their most powerful incentive to business owners.

Previously, owners selling to an EOT paid 0% CGT. Under the new rules, half of the gain becomes taxable, meaning many sellers will face an effective CGT rate of around 10% (assuming 20% CGT on the taxable portion). For many business owners, particularly those in professional services and owner-managed firms where EOTs surged in popularity, this is a meaningful shift.

Key points

  • The EOT CGT advantage has been halved, making the route notably less generous.
  • Sellers considering an EOT will need updated modelling of net proceeds, deal structure, and timing.
  • Situations where an EOT was โ€œalmost as attractiveโ€ as a trade sale may now fall clearly in favour of open-market disposal.

For business advisers and buyers

  • Expect more owners to pivot back toward traditional trade-sale routes or MBOs.
  • EOT-heavy sectors (architects, agencies, manufacturing, consulting) may experience an increased supply of businesses coming to market.
  • Buyers should be alert to owners reconsidering EOT plans and returning to competitive sale processes.

4. No New Changes to Business Asset Disposal Relief (BADR)

A relief to many. While no further changes were announced, itโ€™s crucial for owners to remember that BADR is still moving from 14% to 18% in April next year. This remains a significant shift that materially reduces the attractiveness of selling at the 10% rate on the first ยฃ1m of lifetime gains (which had already been cut from ยฃ10m in 2020).

What this means in practice

  • There is no new change today, but sellers from April 2026 will still face an increased tax bill.
  • Owners considering a sale should factor the 18% rate into their planning.
  • Where feasible, some sellers may consider accelerating their exit to avoid the uplift.

5. Corporation Tax: Writing Down Allowances Reduced

Another technical but important change in this Budget is the reduction in Writing-Down Allowances (WDAs) on capital expenditure. The main pool WDA, which applies to most plant and machinery, will fall from 18% to 15%, while the special rate pool for integral features and long-life assets will drop from 6% to 4%. For capital-intensive businesses, this change increases taxable profits by slowing the rate at which investment can be written off.

Manufacturing firms, engineering companies, construction businesses, automotive operators, and fleet-heavy sectors will feel this most acutely. In practice, it lengthens the payback period on new equipment and reduces the near-term tax benefit of investing in plant, machinery, or upgrades. At a time when financing costs are already elevated and margins are under pressure, this shift makes future capital expenditure decisions more complex and, in some cases, less attractive.

Impact on valuations

  • Buyers must adjust future tax liabilities upward.
  • Multiples may soften in asset-heavy sectors.
  • Businesses preparing for sale should ensure CAPEX assumptions reflect slower relief.

Itโ€™s worth noting that while WDAs are being reduced, certain qualifying investments may continue to benefit from enhanced first-year allowances (e.g. 40% FYA on main-rate assets). These do not offset the broader reduction in writing-down allowances but may offer limited relief for growth-focused or CAPEX-intensive firms making strategic investments. Eligibility will depend heavily on asset type and scheme qualification.


6. Profitability Pressures: OBR Confirms Lower Returns & Slower Growth

The OBR forecasts that business profits will decline in 2025 before beginning a gradual recovery. More importantly, the real rate of return on capital, a key measure of underlying business profitability, is projected to fall to around 10.75% in 2026, down from 12.5% in 2022. This downward shift reflects a range of structural and cyclical pressures across the economy. Wage growth remains elevated, productivity continues to stagnate, and borrowing conditions are still tight. Inflationary pressures remain embedded in supply chains and operating costs. At the same time, many businesses have delayed investment decisions over the past two years, creating a backlog of capital expenditure that is becoming harder to finance or justify.

Together, these factors reinforce a challenging environment for UK SMEs. Higher costs, slower growth, and weaker investment incentives mean many firms will struggle to expand margins. For sectors with naturally low pricing power, absorbing cost increases without eroding profitability will be particularly difficult.

Impact for owners

  • Margins are likely to remain squeezed. Businesses with limited ability to increase prices will feel the pressure most, meaning owners must be realistic about medium-term performance and consider proactive efficiency measures.
  • Labour-intensive sectors will also feel the impact of rising wage floors, including the latest National Living Wage increase.

Impact for buyers

  • Lower profitability forecasts raise perceived risk, which will affect discount rates and deal structures. More cautious valuations should be expected.

7. Business Investment Forecast Falls Again

The OBR has once again downgraded expectations for business investment; hardly surprising given persistent low confidence and high borrowing costs. Businesses in manufacturing, logistics, construction, care, and hospitality may find it harder to justify long-delayed investments in fleets, machinery, and infrastructure.

For many SMEs, this means higher financing costs, extended payback periods, and increased operational risk. Buyers evaluating businesses with ageing assets or significant CAPEX backlogs may apply downward pressure to valuations or seek more conservative deal terms. However, tech-enabled and scale-up SMEs may benefit from targeted support schemes such as enhanced investor reliefs, though access and eligibility remain sector-dependent.


8. Frozen Tax Thresholds: Fiscal Drag Continues to Hurt Consumers & SMEs


The governmentโ€™s extended freeze on personal tax thresholds will pull an additional 780,000 people into basic-rate tax, 920,000 into higher-rate, and 4,000 into additional-rate tax by 2029-30.ย A process economists politely refer to as fiscal drag, where everyone else might simply call โ€œa tax rise by stealth”. This freeze quietly reshapes spending patterns across the SME economy.

Impact on SMEs:

  • Consumers have less disposable income
  • Wage expectations remain high
  • PAYE-drawing directors are taxed more heavily
  • Demand recovery in discretionary sectors will be slow

9. Likely Pressure Ahead for Business Rates

While business rates were not directly changed, the Budget highlighted mounting financial pressure on local authorities with significant increases in SEND (Special Educational Needs and Disabilities) provision costs. Historically, when local authority costs rise and funding does not, business rates follow.

Some industry commentary suggests that future business rate reforms may offer targeted support for smaller high-street, hospitality, or leisure operators, while larger commercial properties could face higher liabilities. However, the Budget provides limited clarity, and local authority funding pressures still point toward upward pressure overall.


What Business Owners Should Do Now

Now is the time for business owners to take stock; the changes mentioned reshape how profits are extracted and how businesses fund growth. Forecasts should be updated to reflect higher tax drag and constrained consumer spending, and CAPEX plans should be revisited with more scrutiny than ever.

Anyone considering selling their business should re-examine valuation expectations. Lower profitability forecasts and a higher long-term tax burden will influence buyer appetite and deal structure. Timing also matters, as with BADR rising to 18% next year, sellers should model scenarios to understand how this affects net proceeds. Succession planning deserves a fresh look too; while EOTs remain viable, the removal of the full CGT exemption means the financial calculation has shifted.

Final Thoughts & How Business Partnership Can Help You

This Budget may not have delivered dramatic headline tax changes, but it quietly rewrites the financial environment for UK business owners. Higher extraction taxes, reduced investment incentives, softer profitability forecasts and the highest tax burden in modern UK history all point toward a more challenging operating climate. For owners, the next five years will demand disciplined planning, careful decision-making, and a clear understanding of the financial and strategic options available.

This is exactly where Business Partnership can help. Whether youโ€™re considering selling your business, weighing up an EOT, exploring an MBO, or simply trying to understand how these changes affect your valuation, we can help you model the numbers, assess your options, and decide the best route forward. Our advisors work with owners across every sector of the SME economy, helping them plan their exit and maximise value with confidence.

If youโ€™re thinking about your next move, now is the time to start the conversation. Click here toย find your local Business Partnership advisorย orย contact us here. Weโ€™re here to guide you through every step.


This article is provided for general information purposes only and does not constitute financial, tax, legal, or investment advice. Tax rules are subject to change and their application will vary based on individual circumstances. Business owners should seek professional advice tailored to their specific situation before taking any action based on the contents of this article.

Business Partnership is delighted to announce a new strategic partnership with The Value Builder Systemโ„ข, a leading global methodology for assessing and improving the value of privately owned businesses. This collaboration brings together Business Partnershipโ€™s proven expertise in business sales, valuations, and exit planning with The Value Builder Systemโ€™s evidence-based approach to helping owners increasing the value of their companies ahead of sale or succession.

Through this partnership, Business Partnershipโ€™s clients will benefit from The Value Builder Systemโ€™s eight key drivers of value, providing a clear, structured process to increase attractiveness to buyers and deliver stronger outcomes at exit. With seven Accredited Value Guides across the UK, our nationwide team is uniquely placed to combine local market knowledge with a globally recognised framework.

Paul Dodgshon, Managing Director and Accredited Value GuideTM commented:

Business Partnership’s mission has always been to help business owners secure the best possible result when selling. This partnership strengthens that mission by giving us a proven, consistent, and highly practical approach that works in any sector.

John Warrillow, Founder of The Value Builder SystemTM and Built To Sell explains:

At the core of The Value Builder SystemTM is a simple but powerful principle: businesses that are designed to run without their owners, built around repeatable systems, not singular personalities, are the ones that truly deliver value. Partnering with Business Partnership means more UK business owners can access this framework through advisors who understand both the local market and the real drivers of long-term value. In this partnership we can give owners the clarity, resilience, and details the choices they need to make to deliver the best possible outcome when itโ€™s time to move on.

This alliance reflects both organisationsโ€™ shared commitment to providing business owners with trusted, transparent, and results-driven advice ensuring they can plan their next chapter with confidence.

Geoff Kwateng, Partner, Guilford Office and Accredited Value GuideTM further commented:

The Value Builder framework gives our clients real clarity. It identifies exactly where their business excels, where it needs attention, and how to make it more valuable in the eyes of a buyer.


About Business Partnership

Business Partnership is one of the UKโ€™s most experienced independent business broker. Our nationwide network of Regional Partners gives us real presence on the ground, reaching locations others donโ€™t.ย  This local knowledge, backed by partner insight means we deliver trusted advice and proven results. Find your Accredited Value GuidesTM here.

About The Value Builder SystemTM

The Value Builder SystemTM is a scientifically proven methodology that helps you increase the value of your business by focusing on the 8 key drivers that are proven to impact the value of your company. This system offers an assessment to baseline the sellability of a business and provides a framework to improve its value, ultimately creating a more resilient and profitable company.ย Find our more here.

Business Partnership, one of the UKโ€™s most trusted business brokers, is delighted to announce a new strategic partnership with Bonham & Brook, leading tax advisors and funding specialists. This collaboration brings together two highly respected firms to deliver enhanced value, expertise, and tailored services to their clients.

Through this partnership, Business Partnershipโ€™s clients will gain access to Bonham & Brookโ€™s renowned services, including advice on R&D Tax Credits, Energy Tax relief, Land Remediation Tax, and Capital Allowances; all helping business owners unlock hidden tax reliefs when buying, selling, or investing in businesses and commercial property. At the same time, Bonham & Brookโ€™s clients will benefit from Business Partnershipโ€™s extensive expertise in business sales, valuations, exit planning, and acquisitions.

This alliance is designed to create seamless opportunities for clients seeking both transactional and tax-efficiency solutions, ensuring they maximise value whether they are buying, selling, or growing their businesses. The partnership reflects both firmsโ€™ shared commitment to supporting business owners with trusted, transparent, high-quality advice that makes a measurable difference.


Raymond Blin, Chairman of Business Partnership, commented:

We are thrilled to join forces with Bonham & Brook. Their specialist knowledge of capital allowances perfectly complements our work in supporting business owners throughout their journey – whether preparing for sale, acquiring a new venture, or unlocking value in their existing operations. Together, we can provide a broader, more integrated service that adds real strategic benefit to our clients.


David Kent, Commercial Director of Bonham & Brook, added:

When business owners are making big decisions – whether they’re growing, adapting, or getting ready to sell – they need advice thatโ€™s grounded, reliable and actionable. Thatโ€™s exactly what this partnership is about: a shared mission of helping people get the most value out of their business and move forward with confidence


About Business Partnership

Business Partnership is a national network of experienced business brokers helping business owners achieve successful exits. With over 45 years of experience, the firm provides tailored solutions in business sales, valuations, and acquisition support. Find out more here.

About Bonham & Brook

Bonham & Brook is a leading UK specialist in capital allowances, helping businesses and commercial property owners secure valuable tax relief through expert analysis and claims. Their team is committed to maximising tax savings with transparency and precision. Find out more here.

What does it really take to sell a business? How can owners prepare for one of the biggest decisions of their lives? And why does the business brokerage industry have such a mixed reputation?

These were just some of the questions explored when Cameron Young, Partner of our Edinburgh Office, joined Craig Alexander Rattray on the popular Know Your Numbers podcast.

In an honest and insightful conversation, Cameron shared his journey from growing up in a family business to successfully selling it, before stepping into the world of business brokerage to help other owners navigate their own exits.


From Family Business to Successful Sale

Cameronโ€™s story begins in Lesmahagow, where his family ran a wedding stationery business before transforming it into Cake Stuff, a leading online supplier for professional cake decorators.

โ€œI grew up in the family business,โ€ Cameron recalled. โ€œEven at the dinner table, it was always part of our lives. I hated school, but I loved working in the business, helping with everything from packing orders to digital marketing.โ€

After studying Law and Business at university – where he surprisingly excelled, winning the prestigious Court Medal – Cameron returned to help the family scale the business further.

By 2020, Cake Stuff had become a major player in its market, and when a competitor approached them about a potential merger, Cameron found himself leading negotiations for the first time.


The Turning Point: Bringing in the Right Help

Like many owners, Cameron initially tried to handle the sale himself. But the process was draining and time-consuming.

โ€œI just had this panic lightbulb moment one night – what if this is all just a distraction technique from my competitor? What if they donโ€™t actually want to buy, and Iโ€™m losing focus on the business?โ€

Thatโ€™s when Cameron realised he needed experienced support. His father-in-law introduced him to Business Partnership, and it was actually myself that went to visit him and his family.

โ€œRaymond was in our boardroom the next day,โ€ Cameron said. โ€œStraight away we knew he was the right person to guide us. He took over negotiations, brought in the right legal and accounting team, and let us get back to running the business. That last quarter before completion ended up being our best ever.โ€

The sale was successfully completed, allowing Cameron to move into a transition role before eventually stepping away.


Changing the Reputation of Business Brokerage

It was this experience – seeing the good, the bad, and the ugly of the business sales world – that inspired Cameron to join Business Partnership.

โ€œThe business brokerage industry has a terrible reputation in some circles,โ€ Cameron admitted. โ€œThere are too many cowboys overvaluing businesses just to win the listing, taking big upfront fees, and then failing to deliver.โ€

Business Partnership takes a very different approach.

โ€œWeโ€™re here to give realistic valuations, honest advice, and personal support. Sometimes that means telling a client theyโ€™re not ready to sell – and showing them how to get there instead of taking their money upfront. Itโ€™s about integrity and transparency.โ€

With 11 regional offices across the UK, Business Partnership prides itself on offering local, personal service while sharing national expertise. Cameron and the rest of our team are on a mission to raise industry standards, providing clear resources for owners considering an exit.


Three Top Tips for Business Owners Thinking About Selling

Towards the end of the podcast, Craig asked Cameron to share his three key tips for any business owner thinking about selling. Hereโ€™s what he said:

  1. Speak to the right professionals โ€œDonโ€™t just go with the first broker who approaches you. Have a few conversations. You want someone who understands your business, your goals, and will look after you – not just someone dangling a big number to sign you up.โ€
  2. Know your numbers โ€œSo many owners can talk for hours about their business, but when you ask about their financials, they say โ€˜oh, theyโ€™re fine.โ€™ Thatโ€™s not good enough. You need clear management accounts and a solid understanding of your P&L and balance sheet- long before you sell.โ€
  3. And the last tip… you’ll need to have a listen to the podcast to find out!

Honest Brokers for a Better Future

Craig summed it up perfectly during the show:

โ€œWhat makes Business Partnership different is honesty, transparency, and realistic expectations. Youโ€™re changing how people see this industry – and thatโ€™s exactly whatโ€™s needed.โ€

For Cameron, joining Business Partnership felt like the perfect next step:

โ€œIโ€™ve been on the other side of the table. I know how stressful it can be. Now, I want to make the process clearer, fairer, and better for other owners.โ€


Want to hear the full conversation?

Listen to Cameronโ€™s episode of the Know Your Numbers podcast with Craig Alexander Rattray – it can be found on all usual podcast platforms:

โžก๏ธ Spotify
โžก๏ธ Apple Podcasts
โžก๏ธ Amazon Music, PodBean & more
โžก๏ธ Just ask Alexa: “Play Know Your Numbers Podcast”


Weโ€™re delighted to welcome our new Business Partnership broker and franchisee to the team. Geoffrey Kwateng (Geoff to his friends) takes responsibility for the areas of Crawley, Guildford and Reigate(Opens new window).

A qualified Biomedical Scientist, Geoff began his career as an assistant at one of the biggest laboratories in the UK. He became General Manager for a laboratory in Guildford, Surrey, and from there became involved in consultancy work which led him to start his own business – Fusion Diagnostic Solutions.

If you own a business in a GU or RH postcode and are planning to sell, working with Geoff could provide the impetus and support you need to achieve your plans. Read our Q&A with Geoff to find out all about him and his skills in brokering business sales.

Geoff, youโ€™ll be brokering deals across Crawley, Guildford and Reigate. Tell us about your personal connection to these areas.

I live in the Guildford area and I used to live close to Reigate, so I know the towns and the businesses in these areas really well. Weโ€™re blessed with lots of sci-tech, research and development, IT, manufacturing, healthcare and pharmaceutical businesses, which is my personal area of expertise and my focus within the Business Partnership team.

How did you become a business consultant, and now business broker?

I always knew I wanted to start something for myself. Consultancy found me through my work at the lab where I enjoyed helping clients with their strategic projects. Clients from the lab asked for my help with their business planning and operational development.

I founded Fusion Diagnostic Solutions in 2023 and many of the clients I worked with were thinking about selling. This led me to do a lot of research into exit planning, mergers and acquisitions. I found it really interesting and decided it was an area I wanted to pursue, brokering my first M&A deal in the healthcare sector within two and a half months. When I came across Business Partnership I thought the business broker role would be the perfect complement to my strategic consultancy skills.

An acquisition completed in less than three months is pretty impressive.

It was a big achievement and one Iโ€™m proud of. I canโ€™t promise every business sale will be that quick, but Iโ€™ll do my best to offer the same level of support to every client I work with.

Which of your skills and qualities do you think are most suited to your brokering business sales and acquisitions?

Years in the lab and in consultancy have developed skills in interpreting complex data, partnership working, process and performance optimisation, and driving strategic improvement. My strengths in understanding management accounts and knowledge of how to market a business also come into play. Iโ€™m a strong communicator and good at building relationships. When you work in a niche market like I have, you have to know how to connect with others and leverage your contacts to grow. I just love getting to know people!

What excites you most about joining Business Partnership?

The most rewarding thing is being able to make a difference. The work we do has a powerful impact on other peopleโ€™s lives. When an owner sells their business thereโ€™s something bigger waiting for them, whether thatโ€™s retirement or another form of financial freedom. Everyone has their own aspirations and Iโ€™m happy to be here to help them achieve them and get to that next stage of life.

You start your role on 1st February 2025. Tell us about your intentions for your first week.

Iโ€™m really excited to get started and get out and about meeting local business owners. Iโ€™ve got my marketing plans in place and youโ€™ll be hearing a lot from me on LinkedIn. If you see me at a networking event or come across my posts on LinkedIn, please introduce yourself and say Hello!

What are your first impressions of the Business Partnership team?

The Business Partnership team is brimming with experience and business acumen. The partners I have met so far have been really friendly and helpful and Iโ€™ve been very impressed with the thorough training and onboarding experience.

Whatโ€™s your message for business owners in Crawley, Reigate and Guildford?

Iโ€™m here to help and guide you to secure the best possible outcome for your business exit or purchase. Itโ€™s easy to work with me. Get in touch on 07955 541428, email geoff.kwateng@business-partnership.com or connect with me on LinkedIn.

Welcome to the team Geoff!


https://www.business-partnership.com/offices/guildford/

No matter your political opinion, with Donald Trumpโ€™s return to the US presidency, British businesses and policymakers are closely watching how this could reshape the โ€œspecial relationshipโ€ and impact trade, defence, and global partnerships.

Trade and Economic Relations

Trumpโ€™s โ€œAmerica Firstโ€ focus suggests a return to protective trade policies. This means UK businesses might face more significant barriers when trading with the USA, especially in sectors like tech, agriculture, and automotive. With a bilateral UK – USA trade deal pursued, and following his last tenure, the terms might be heavily tilted towards American interests, potentially challenging British exporters and the government.

Defence and Security

In defence (literally, not argumentally), Trump has previously emphasised that NATO allies should increase their contributions, calling for a ‘radical reorientation’. His return could reignite calls for the UK and other allies to ramp up defence budgets, possibly altering long-standing defence dynamics and existing foreign relationships. The UK could see more transactional terms in its security agreements, impacting collaborative defence projects and budgets.

Global Policies and Alliances

Trumpโ€™s approach to international alliances has often been more direct, prioritising individual gains over collective commitments. This stance could affect the UK’s participation in joint initiatives, particularly around global issues like climate action and international trade agreements. British businesses with US subsidiaries or partnerships might need to prepare for regulatory shifts that could arise as American priorities pivot.

Whatโ€™s Next for U.K. Businesses?

A foresight for adaptability will be key. With potential shifts in trade tariffs, regulatory policies, and defence contributions, UK companies may need to stay agile and proactive in responding to changing conditions of their usual terms. Building resilience in international strategies and understanding the evolving American business landscape will be crucial for potential long-term success, although difficult.

Trumpโ€™s win introduces a new set of dynamics for UK & American relations, with both opportunities and challenges on the horizon. While trade deals may become more transactional, there could also be unique opportunities for those positioned to navigate a potentially protectionist US market.

For some businesses, these potential challenges may lead to strategic decisions about their future, including the option to sell or seek new ownership to better navigate uncertain times. If youโ€™re considering this route, we are here to help. Business Partnership specialises in guiding business owners through the sale process, ensuring they maximise their value in changing markets. Feel free to reach out to discuss your options and how we can support your next steps.

Speak to Us today

Whether youโ€™re selling, buying, or planning for the future, Business Partnership is here to help. Contact us today to speak with your local Regional Partner and start your journey toward success.

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