The recent changes to Business Asset Disposal Relief (BADR) and Capital Gains Tax (CGT) announced in the Budget meant that many entrepreneurs were keen to complete transactions before the April deadline and the start of the new tax year – not least to avoid a leap from 10% to 14% in the tax rate.
At Alexander Knight & Co, we were perfectly placed to ensure these deals sailed through on time. It meant hard work for everyone involved, but we’re delighted to confirm the successful completion of the following trio of deals.
Continuity and growth at S I Sealy & Associates
Alexander Knight & Co were proud to advise the directors of decarbonisation consultancy S I Sealy on a significant milestone for the business. Danny Madden has acquired 100% ownership of the company. This transition ensures continuity for both clients and staff, with the business now well-positioned for continued growth under Danny’s leadership.
New leadership at CEB Services (UK) Limited
We were pleased to advise on the successful exit of Gary and Sheila Hamilton from electrical contracting specialists CEB Services (UK) Limited. The business is now under the ownership of Gareth and Ben Hushion, who have acquired full control. This seamless transition ensures the ongoing success of CEB Services (UK) Limited under fresh leadership, while preserving the values and service clients have come to expect.
Strategic growth at ACS Construction Midlands Limited
At constructions and engineering firm ACS Construction Midlands Limited, director Sean Power has acquired additional shares in the business, increasing his stake and reaffirming his long-term commitment to the company’s success. We were delighted to support Sean and the directors through this transaction, which marks a new chapter of strategic growth for the firm.