Derry Chamber of Commerce
9:30 am - 11:00 am
Succession and Exit Planning for Family & Owner-managed Businesses
There comes a time in the development of many SME businesses when owners want to realise the value of the business they have built or possibly pass the business on to the next generation. Owners of these businesses often think about when they might retire but few have a plan in place to a enable a successful exit. For owner managers, successful succession planning is crucial if your business is to retain its true value when you step back or sell out.
This presentation will provide an overview of the exit options available to owners including full or partial family succession, trade sale and management buy-out/ buy-in.
Topics will also include:
Michael Drumm, Partner in CavanaghKelly
Michael is a Partner within the Advisory department of CavanaghKelly. Michael is a Chartered Accountant and Licenced IP with over 10 years’ experience.
Michael works with a wide variety of corporate clients, including Family owned businesses, growing businesses and entrepreneurs. He advises on mergers and acquisitions, due diligence, business valuations, business growth and succession planning.
Steven Lindsay, Director in CavanaghKelly
Steven is a Director with CavanaghKelly. He is a Chartered Accountant, Chartered Internal Auditor and an Executive Coach. Steven delivers consulting, coaching, leadership and governance services to a range of clients in the public, private and not for profit sectors.