Looking for expert advice? Contact Grace

Exit Strategies

Starting and running a business is an exhilarating journey, often representing a significant personal achievement. However, there comes a time when transitioning out of the business becomes necessary. Whether due to retirement, personal life changes, or selling your business, a well-planned exit strategy is crucial for a smooth transition.

Why is an Exit Strategy Important?

An exit strategy is not just about concluding a business venture; it’s about transitioning to a new phase of life with ease and clarity. Key reasons to consider an exit strategy include:

Retirement: Planning for a life beyond your business.
Personal Changes: Such as separation or divorce.
Shifting Priorities: No longer needing the business for employment or income.
Business Sale: After successfully selling your business.

A well-structured exit plan can significantly reduce stress and uncertainty during this transition period.

Our Approach to Succession Planning and Exit Strategies

  • Step 01
  • Step 02
  • Step 03
  • Step 04
  • Step 05
Personalised Strategy Development

Working closely with you to understand your unique situation and objectives.

In-Depth Analysis

Examining your business’s history, including its relationships with banks and suppliers.

Exploring Options

Considering all available paths for directors and sole traders.

Detailed Planning

Ensuring that every aspect of the exit is thoughtfully addressed.

Stress-Free Implementation

Assisting in executing the plan smoothly and efficiently.


What are the key components of an effective exit strategy?

An effective exit strategy includes financial planning, identifying potential successors or buyers, and ensuring a smooth operational transition.

How do I start planning my business exit?

Begin by consulting with experts like us at Parker Andrews to understand your options and start formulating a plan.

Can you help with succession planning if I want to keep the business in the family?

Yes, we offer specialised guidance for family succession planning, ensuring a seamless handover.

Ready to start planning your business exit or succession?

Contact Parker Andrews for expert guidance in developing and implementing a tailored exit strategy. Get in touch with us today to ensure a smooth and stress-free transition to your next life stage.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Expert Insolvency Services

Our award-winning team is dedicated to guiding you through every step of the insolvency process. We believe in transparency, honesty, and empathy, ensuring that our clients feel supported and informed at every turn.

Here when you need us

Our team is always available by email 
and telephone in the evenings and at weekends, and we can also arrange meetings out of hours if required.
Norwich 5th Floor, The Union Building, 51 – 59 Rose Lane, Norwich, Norfolk, NR1 1BY 01603 284 284
Cambridge CB1 Business Centre, Twenty Station Road Cambridge CB1 2JD 01483 323173
Ipswich Saracens House, 25 St Margaret’s Green, Ipswich, Suffolk, IP4 2BN 01473 530 204
Middlesex Stanmore Business & Innovation Centre, Phase 1, Suite 108, 1st Floor, Stanmore Place, Howard Road, Stanmore Middlesex, HA7 1GB 0800 612 7593
Portsmouth Gatcombe House, Copnor Road, Portsmouth, PO3 5EJ 023 9309 2045
Kent Pantiles Chambers, 85 High Street, Tunbridge Wells, Kent, TN1 1XP 01892 506 898
London Broadgate Circle 2nd Floor, 1-2 Broadgate, London, EC2M 2QS 020 7127 6805
Plymouth Falcon Business Centre, Falcon House, Eagle Road, Plymouth, PL7 5JY 01752 936099
Freephone:0800 612 7593