New clients receive a 3 month subscription to Xero & Dext on us!
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
• Beyond Accountancy
• World Class Accounting
• Meet The Team
• Our Culture
• Testimonials
• Trustpilot Reviews
• Join Our Team
More Than Just Accountants
At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.
Get in touch today to discover how Nordens can revolutionize your business.
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
• Accounting
• Auditing
• Bookkeeping
• Business Turnaround
• Capital Gains
• Company Tax Returns
• Construction Industry Scheme
• Corporate Finance
• Digital Transformation
• Enterprise Investment Scheme
• HR Services
• Inheritance Tax
• Management Accounts
• Payroll
• Seed Enterprise Investment Scheme
• Self Assessment
• SRA Audit
• Statutory Accounts
• Strategic Coaching
• Tax Auditing
• Tax Computations
• VAT Returns
• Workplace Pensions
View all Nordens Services
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
• Agriculture
• Creative & Media
• Construction & Real Estate
• Franchise
• Healthcare
• Property
• Recruitment
• Retail
• Sports & Entertainment
• Transport & Logistics
• Hospitality & Leisure
• Charity & Not-For-profit
• Independent Professional Sector
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
Discover why 175 businesses have voted our service as 5 star
Mitch Hahn
CEO - Nordens
Get In Touch
02085300720
enquiries@nordens.co.uk
The Retreat, 406 Roding Lane South, Woodford Green, IG8 8EY
Looking For Someone In Particular?
View Our About Page
With lockdown and a global pandemic initiating a huge economic downturn, many business owners have had to reshape and rethink their business strategy. We’ve seen numerous business models adapt to the changing landscape by offering a different service to their normal offering. Many companies have also completely re-evaluated their products, thereby shifting their industry and the market from what was first traditionally conceived.
Unfortunately, there have been plenty of businesses that, as a result of COVID-19, have been forced to either close or think about selling up to limit losses. This process involves undertaking an exit strategy which is used to formulate a plan on how best to sell the ownership of a company to investors or to another company. In more technical terms, an exit strategy determines how to liquidate a position in a financial asset, or dispose of tangible business assets, once predetermined criteria for either has been met or exceeded.
Exit strategies are most commonly executed by an investor, trader, venture capitalist or business owner. Other reasons for executing an exit strategy may include a noticeable change in market conditions due to a catastrophic event, legal reasons or that a business owner/investor is retiring and wants to cash out. As well as this, an exit strategy could also be exhibited through an Initial Public Offering (IPO), when an investment or business venture has met its profit objective for example.
We explain the benefits importance of exit strategies whilst outlining the different forms of exit strategies to take depending on your current financial position.
Why & When Should I Consider An Exit Strategy?
Exit strategies should be considered if you’re contemplating or feel ready to depart from your business or shares of your business. This could be for many reasons, including:
There are numerous options that can be set in place to effectively and successfully undergo an exit strategy. Going through an IPO and making your business public is one way to achieve growth however the accounting regulations behind this can be complicated including the filing of lengthy financial reports and the involvement of market experts.
Strategic acquisition is also one of the more popular forms of exit strategy, wherein meticulous planning and forecasting are essential in order to be executed well and efficiently. Buying out another business can be risky, however the opportunities for progressive growth are clearly evident given that your company is essentially expanding. Alternatively, if a company or firm’s main product or service is faltering, it may look be viable to acquire and incorporate smaller businesses into its revenue stream as a new way to profit.
Management buyout (MBO) has also been shown to have success and is essentially a transaction where a company’s management team purchases the assets and operations of the business they manage. A management buyout (MBO) allows for a section of management in a business to gain more control and share from the owner of a business enabling them to take over the reigns from the previous hierarchy installed. MBO’s are a favourable exit strategy for large businesses that wish to pursue the sale of sections of the firm that aren’t part of the core business.
Walking Away From Your Business
It can be extremely stressful and frustrating when your business is faltering, especially during unpredictable economic climates. This could be for a multitude of reasons, including the most likely outcome that cashflow is a problem. This has become a very regular occurrence since the start of the pandemic, with a recent survey from Simply Business estimating that COVID-19 could see two-fifths of UK small and medium-sized businesses close permanently and could cost the UK SME sector more than £69 billion in total.
There is no shame in admitting that you wish to leave your business for the right reasons. It’s important to do this correctly though, allowing a smooth transition that will appease all parties involved whilst leaving you in the best possible position financially.
An exit strategy allows a business owner to reduce or liquidate their stake in the business and ultimately profit if the business is successful. If the business is faltering or isn’t valuable, an exit strategy enables the entrepreneur to limit their inevitable losses. An exit strategy may also be used by an investor such as a venture capitalist to prepare for a short sell. A short sell is typically used when a company’s share price is set to decrease, therefore the investor is lent shares from a broker and sells those particular shares on the market, hoping the price has decreased so they can buy them back at a lower cost and therefore profit.
An effective exit strategy should be planned for every positive and negative scenario, similar to a cashflow forecast, regardless of the type of investment, trade, or business venture. This planning will you a full understanding, whilst calculating the risk associated with the investment.
We’re now offering FREE strategic consultation sessions up to 30th June 2021. Please contact Nordens’ Director of Strategic Consultancy Joe Sword at js@nordens-strategic.co.uk or 020 8530 0720.
If you require any more information on exit strategies or anything accounting or strategic related for that matter, please don’t hesitate to get in contact with us at Nordens where one of our trusted advisors would be happy talking you through your query.
At Nordens, we're more than just accountants - we're business experts who can help you achieve your biggest goals.
Our specialist strategic division at Nordens boasts some of the leading entrepreneurial business minds in the country. We cater towards delivering consistent success stories, whilst helping businesses achieve above and beyond their initial goals.
Through highly-tailored guidance, coaching and advice, Nordens Strategic are able to define exactly how your business can reach new levels of success.
Regardless of how you define ‘success’ for your business, our strategic service is guaranteed to bring about real and lasting change. By partnering with some of the UK’s top business coaches, we’ll steer you along the path to a greater future.
Every business, no matter how big or small, needs to make the right decisions, and how to best manage your accounts can put huge question marks over your business. Accounting2You is here to take that pressure off and provide you with all the answers you need.
Our bookkeeping branch offers a fully inclusive, comprehensive service that you can trust. Since 2005, our specialist bookkeepers have been successfully managing the accounting of both individuals and small businesses.
With experts in payroll analysis, credit control and financial recording, Accounting2You will lead your business efficiently, and with real purpose, towards a prosperous future.
Voted as EXCELLENT - 9.9 out of 10 based on 167 reviews
Director - Metro Bank
Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.
Co-Founder - Chicmi Limited
Very good to work with - the team go above and beyond to make the accounts easy and efficient. They're all super friendly and a joy to work with.
Director - Rose Opticians
I have been using Nordens Chartered Accountants for 5 years and very happy with the service provided. All members of the team are very knowledgeable and have a wealth of experience which has proved very beneficial to my organisation
Founder & Director - Physio LDN
Very easy to contact and put me in touch with the right person whenever I need to ask any questions. Extremely knowledgeable and can help me manage my various businesses whenever I need.
Principal - Pauline Quirke Academy
Great accountants, always available to offer advice. The team have transformed my business.
Founder - Dataphone
Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice. We have also been using Nordens strategic services for a couple of years, which has helped bring about significant improvements that exceeded my expectations. With experience of working with several local accountants over my 29 years in business, I’m very pleased with the service I have received from Nordens.
Director - Linekers
Trusted our business with Nordens for over 10 years now and watched the company grow into the successful innovative business it has become today. Deservedly so. Every aspect of financial advice we need is always given promptly and with a smile. We have total confidence in all aspects of advice Nordens give. If you are looking for accountants, its a no brainer!
Founder - Foundation Sports Limited
A fantastic, modern, vibrant firm that care about the clients and their staff in abundance. It is rare to find an Accountancy firm with such vibrance and focus and relationships. It is no wonder they win award after award in their field.
Managing Director - Prime Time Boilers
I have been with Nordens for many years now and they are a great accountants.
Founder - Vivid Finishes
We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.
Managing Director - AMD Interior Architecture
Great Service at Nordens from a friendly very approachable team Particularly Kirsty Willis and Joe Sword who have been helping us since we started the business in 2016.
Director - Forma London
Nordens provide a first class service. We moved to Nordens last year and have been impressed with the level of service provided. Keep up the good work!
We've always got our ears to the ground when it comes to interesting, useful and topical information relating to business and accountancy.
We love making videos that break down convoluted accountancy jargon into plain-talking, actionable and accessible facts.
In November 2002, having sold our other business interests off earlier in the year, I decided to set up Nordens Chartered Accountants. The easy part was knowing how to do it, as I had established and built a smaller practice a few years earlier. The difficult part, for me, was not following the traditional accountancy path. Having run businesses, both successfully and unsuccessfully, I wanted to help business owners resolve their short term problems and work with them to achieve their longer term goals. Business has always been my interest and I love that I can help business owners achieve what seems like the impossible every single working day.
Mark Norden
Founder
Our limited company accountants have a range of qualifications from The Institute Of Chartered Accountants (ICAEW) to the Association of Chartered Certified Accountants (ACCA). We worry about the bye-laws, regulations and ethical guidelines of the ACCA so you don’t have to! That makes us an ACCA-accredited employer as well as a Professional Passport-accredited one!
At Nordens, we're committed to keeping our clients updated on all things business strategy and news. Each week we update our newsletter subscribers on what really matters in the big bad world of business. That way, you can stay one step ahead!
Call: 0208 530 0720
Email: enquiries@nordens.co.uk
Interested In Nordens? Give us a call on 0208 530 0720 or or request a direct call back anytime between 8:00am to 6:00pm!
Accounting
Contractors
Sole Trader Accounting
Partnerships
Small Businesses
Medium Businesses
Large Businesses
Global Corporations
Charities
Privacy Policy - Cookie Policy - Sitemap - Covid19 Risk Assessment
© Nordens Limited 2001 - 2022
Nordens is a trading name of Nordens Limited, a limited company registered in England under company number 04709951. Our registered office is: The Retreat, 406 Roding Lane South, Woodford Green, Essex, IG8 8EY.
Speak to one of our experts with no strings attached, free, for one hour to help you and your business.
In celebration of our 18th birthday, we’ve launched our Refer-a-Friend scheme, allowing you to receive a thank you gift from us of up to £1,000 for successfully introducing a new client.
Speak to one of our experts with no strings attached, free, for one hour to help you and your business.
If you sign up as a client we'll even provide a 3 month subscription to Xero and Dext FREE!