Practical planning for solvent exit and liquidation

Exiting a business can be a difficult time for owners, but there are times when the financial arguments stack up and potential buyers provide the investment motivation. Russell Payne, director at ReSolve, provides tips and advice

Identifying the need to exit a business should not be regarded as a failure, especially in the current economic climate with the challenges of Covid-19, Brexit, and the technological revolution our society is currently living through. Rather a closure or wind-down is part of the business lifecycle and, as with any milestone, requires the business owners to find the best, efficient outcome for all stakeholders.

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