Owner-managed businesses: The impact of COVID-19

06 August 2020

In this podcast from Barclays Private Bank, two of our senior bankers, Edward Docherty and Shehreen Quayyum, discuss the impact of Covid-19 on UK owner-managed businesses. Together with corporate financier, Phil Adams of GCA Altium, and private client tax adviser, David Boyce of BDO, they explore: the impact of the crisis on fundamental business models; how valuations and buyers (including private equity) are adapting; possible future tax changes; and which sectors may come out of the crisis with stronger businesses, enhanced reputations and better exit prospects.

This was recorded in July 2020

See below for timecodes of particular discussion areas:

  • 00:00 – Introduction
  • 00:54 - How has Covid-19 impacted mid-market companies in the UK?
  • 02:50 - The Private Bank is seeing some clients come out stronger. What is the panel seeing?
  • 04:16 - When does the panel think buyers will return to the M&A scene? What are PE houses doing?
  • 09:06 - What redundancy plans is the panel seeing? How are valuations being impacted?
  • 12:03 - How long will it be until we see a broad-based recovery in UK M&A?
  • 15:05 - What is the panel’s advice to entrepreneurs around wealth structuring ahead of a sale?
  • 18:09 - Has the change to Entrepreneurs Relief impacted the appetite of entrepreneurs for business exits?
  • 20:10 - Does the panel see any changes to CGT and Inheritance tax in the near future?
  • 24:38 - How are businesses changing their models as a positive outcome from the current crisis?
  • 27:23 - Which sectors have benefited from emerging new trends in consumer behaviour?
  • 31:01 - What should clients be doing now to prepare for the post-Covid-19 world?

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