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Connecting Business Northwest

Succession and Exit Planning Workshop – 24/03/20


Derry Chamber of Commerce




9:30 am - 11:00 am

Booking information

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:

  • When do I need to start planning my exit or retirement from the business and what options are available?
  • Considering your personal, family, business and financial objectives when exiting your business
  • The key issues that face business owners when it comes to the dilemma of succession planning.
  • How much is my business worth today? What impact can planning for my exit have on valuation?
  • What structures and procedures can I put in place now so my business is ready?
  • Key considerations of an MBO and how do I identify and develop responsible future management successors?

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.

Ticket Type Price Spaces
Non-members Ticket £42.00 (per ticket)
Members Ticket £30.00 (per ticket)

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Booking Total (inclusive of VAT)