Recent content by PugwashEQ

  1. PugwashEQ

    Shareholding and the future

    Hi OP, The lack of a shareholders agreement is problematic for both you and the other shareholders. But there is no reason you can't put one in place right now! As a minority shareholder, you would normally have to agree to drag rights, but benefit from Tag rights (google drag along and tag...
  2. PugwashEQ

    Business Buyout With Little Capital

    Actually that's not our experience with clients Around 20% of the time clients materially undervalue their business. Around 40% of the time there is no connection between reality and value (often they want say, £10m, because that's £5m for each shareholder- usually when the business is worth...
  3. PugwashEQ

    Business sale advice

    Thanks Pentel, it was absolutely my pleasure to help, if only in a minor way!
  4. PugwashEQ

    Business sale advice

    You'll be double taxed on the goodwill- asset sales are expensive for Ltd Co shareholders in the UK. They are usually only restricted to distress sales, or really small company sales. Its much more efficient to sell your shares in the Ltd Co. It isn't too late to take proper advice, (its only...
  5. PugwashEQ

    How to go about buying a business

    Just re-reading this in the light of day (as opposed to writing it in the middle of the night), it talks very much about what WE know, how good WE are etc and is very focussed on US rather than our clients. In reality, most of our clients only focus on our capability for a tiny time; when you...
  6. PugwashEQ

    How to go about buying a business

    Had to post this piccie seperately- no idea why!
  7. PugwashEQ

    How to go about buying a business

    Apologies for the long post that follows- I'm going to be very open with how WE work, and share our fees etc. Transparency is unusual in our industry, but hopefully, some of you find the following interesting and useful...... hopefully it'll show you the work undertaken by a team that genuinely...
  8. PugwashEQ

    How to go about buying a business

    Out of interest, who is Stuart? was this supposed to be a Private message? not a message for the open forum? Anyway OP, if you really want to find targets, then the only realistic way is through research- searching for what you need and approaching them directly. There are various corporate...
  9. PugwashEQ

    Are preferred shares pre IPO always convertible

    Hi, Sorry hadn't spotted it was a US listing, for a US business through a US broker. Ignore my first answer- the nuances of US and UK placements are different enough that i won't attempt to answer your question. Honestly though, if you are asking these questions you might like to have a...
  10. PugwashEQ

    Are preferred shares pre IPO always convertible

    That's potentially a very nuanced question. Its unusual for A Preferred shares to be offered outside the VC community as they give a liquidity preference to early investors. It's been a couple of years since I've been in the detail of a VC-backed startup going through IPO, but I believe they...
  11. PugwashEQ

    Valuation - What's it worth...?

    HI Lucan, Unfortunately, questions of business valuations often seem to create really negative responses on this board, I'm not sure why. MBE's most recent post is absolutely correct- its worth what someone is willing to pay for it. As examples, in the past 3 months we've represented a...
  12. PugwashEQ

    Prince Charles - Ethical, Moral or Plain Smelly?

    And yet you have a business operating with one of the most corrupt, unethical and immoral regimes to have existed in a country famous for its really disingenuous business practices. my point is that just because something appears to be one thing, it isn't necessarily ACTUALLY that thing. I have...
  13. PugwashEQ

    Where to go next?

    Matt, These things can so often be hugely successful and I'll be keeping my fingers crossed for you. One of the areas that i have struggled with in the past is market research- you may already know all this (so apologies in advance), but many people with new ideas undertake market research...
  14. PugwashEQ

    I cant be at 50 places at once... Franchising

    If you are a one-man band then there isn't a hope in hell that you have the systems in place to run a franchise. About 20 years ago we were a franchisee in one business and a franchisor in a totally different business model. Selling franchises is hard hard work- it's great if people just "buy"...
  15. PugwashEQ

    How to select an SEO Specialist

    100% of our traffic is direct at the moment- the site is currently used as an accessible sales brochure. Its our second site since founding 24 months ago- i fear we're going to be into a third site soon after reading these messages :( The complexity is that business owners look in many...
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