Succession Planning Services in Northampton

If you’re at the stage to plan the succession of your business, Elsby Corporate Finance can support you.

Succession planning is an important process in any organizations to ensure a smooth transition of leadership and key positions when current employees leave or retire. It involves identifying and developing employees who have the potential to fill critical roles in the future and preparing them for those positions. Succession planning helps organizations maintain continuity of operations, retain institutional knowledge, and mitigate the risks associated with leadership gaps. It is an important aspect of talent management and contributes to the long-term success of organizations.

Elsby Corporate Finance can support with:

  • Involving employees in the business (reward & motivation)
  • How to create a legacy
  • How to create a long term plan for the ownership of the business past the current owners
  • Share schemes
  • Articles of association
  • Shareholder agreements


Exiting your business may well have been your strategy on day one, or it may be that after trading for many years, you’ve reached a stage where you want to realise the money from your investment and efforts. Whatever your reasons and motivations, selling the business or handing it over to the next generation is a rare event which is likely to have some complex and unusual issues that can take several months to implement.

We work with you to understand your aims and goals, providing careful planning and professional support every step of the way. We’ll help you to maximise your company’s value in the event of a disposal, or implement a smooth handover that all family members and shareholders feel comfortable with.


Succession planning

A good succession plan will help to ensure that, when the time comes, your business is transferred smoothly and according to your wishes, while also providing financial security for you and your family.

We can help with this process, assisting in such areas as:

  • Identifying your business’s future needs and investing in the right people
  • Compiling your succession plan
  • Managing and developing key employees
  • Business development and contingency planning
  • Implementing your plans


Employee ownership

Employee ownership refers to a situation where a company’s employees hold shares or have a stake in the ownership of the company. This can take various forms, such as an Employee Stock Ownership Plan (ESOP) or a worker cooperative. The idea behind employee ownership is to align the interests of the employees with those of the company, which can lead to increased productivity, profitability, and job satisfaction. Additionally, employee ownership can provide a way for employees to build wealth and have a greater say in the company’s decision-making processes.


Management Buy Out (MBO)

A management buyout (MBO) is a transaction in which a company’s existing management team purchases a majority or all of the ownership stake from the current owners. This type of transaction allows the managers to take control of the company and become the new owners. MBOs can be financed through a variety of sources, such as bank loans, private equity, or seller financing. They are often used as a way for management teams to gain ownership and control of a company that they are already familiar with and have been working for.

What our clients say about us

Gina Wood
Dipesh Radia has always been most professional and friendly in his emails and telephone conversations. He is very knowledgeable in all areas of tax affairs. Overall the service received has been of a very satisfactory level. Communication is excellent which is key to maintaining a good relationship with clients
Mark Ellis
Elsby & Co look after all my Tax and accounting needs, both personal and Business, and I am completely happy with the service they provide. In all of my dealings, whether by phone or e mail, I have always found all staff to be extremely pleasant....Polite, capable ,professional and easy to talk to. If I have had any questions or queries, they have always answered them straight away, fully and to my complete satisfaction. Responses to my mails or calls has been virtually immediate. I have every faith in them to always look after my best interests and therefore I would happily recommend Dipesh and the whole Elsby and Co team to my family and friends.
Zane Oliver
I had the pleasure of working with James from Elsby & Co as my accountant, and I cannot recommend him enough. James is an expert in his field, and he provided me with fantastic accounting services that went above and beyond my expectations. James took the time to understand my business and my financial needs, and he provided me with tailored advice and solutions that helped me to improve my bottom line. He is knowledgeable, efficient, and detail-oriented, ensuring that all of my financial records were accurate and up-to-date. In addition to his technical abilities, James is also a pleasure to work with. He is friendly, approachable, and always available to answer any questions I had. He made the often-daunting process of managing my finances a breeze, and I always felt confident that my financial affairs were in good hands. Overall, I cannot recommend James and Elsby & Co enough. If you are looking for an accountant who can provide you with top-notch services and help you to achieve your financial goals, look no further. James is the best in the business, and I guarantee that you will not be disappointed!
Colin Halford
Formerly Trevor Newell Accountants, i was a little apprehensive when i learnt a new accountants would be doing my accounts. Dipesh is now my accountant & after a little misunderstanding on my part probably i am happy with how things work & that he is doing a good job on my behalf & explains things well.
Emma Fletcher
Elsby & Co recently performed an external audit for us for a grant fund claim. The process was simple and efficient and the team were very helpful.
Ben Verinder
Professional. Prompt to respond to queries. Good team and really really useful advice.
Very professional, knowledgable and friendly team, everyone goes above and beyond ! I couldn’t recommend Elsby & Co highly enough !!!
Sam Etemadi
The level of advise, care and professionalism is next to none. Our company, Dr S Etemadi Dental Practice Ltd, has been a client for many years and intends to stay for many more years to come. Highly recommended.
Sam Etemadi
A very big Thank You to Leona, James, Natalie, Sarah, Sarah, Charlotte, Rebecca and everyone else in this firm who are always there to lend a hand when you need advice and help. One of the best!
Nic Brough
Personal tax has become complex for me, and Elsby were able to review my position and do a professional job of filing the return for me, incidentally helping me save some money as well as giving me two days back. Very helpful and friendly, as well as clear and fast.