First Quarter Update – KBS Corporate
KBS Corporate is recognised as one of the UK’s leading providers of company sales services, offering complete project management and consultancy services to shareholders and owner managers who are considering an exit strategy. We got in touch with them to check out how they got on in Q1.
So far in 2016, we have completed over 50% more deals than in the first quarter of last year, as the UK M&A market has proven to be particularly active. Among the deals was the much publicised acquisition of HCD Group Limited by £3.25 billion turnover Bureau Veritas SA, headquartered in Paris. Furthermore, UK’s recent budget spelled good news for the M&A industry as Chancellor George Osbourne announced that entrepreneur’s tax relief has been extended to include long-term investors while capital gains tax has been slashed by 8% for all business owners.
Alongside this, entrepreneurs’ relief, which applies to business owners seeking to sell their business, continues to grant eligible owners a preferential capital gains tax rate of just 10% on business gains of up to £10 million. Additionally, the rate of capital gains tax has been reduced by 8% on anything gained after £10 million. The announcement is good news for both buyers and sellers as it could potentially pave the way for a new type of mainstream investment, with investors now provided with a greater incentive to invest in SMEs and subsequently benefit from the rewards of a reduced tax liability.
With all of this mind, we are very optimistic about moving further into 2016. Following unprecedented growth at KBS Corporate over the past 24 months, the company has acquired a two-acre business park in Greater Manchester which will become our new home and also provide a base for a business incubator to help high growth companies in the town. We have also been placing great emphasis on new systems and technologies with the aim to further improve our client experience. Through significant investment, we have recently developed a new, bespoke CRM system which will be adapted and implemented across all brands and departments. Moreover, we are also in the process of building a one of a kind research engine which will further increase our ability to accurately identify for our clients the best possible acquirers from across the globe.
Company: KBS Corporate
Address: Oceanic House,
Navigation Park, Waters Meeting
Road, Bolton, BL1 8SW
Telephone: 01204 555081