South West accountancy firm Albert Goodman has ended 2023 on a high by finalising two company sales worth more than £6.5 million.
The Somerset-based company’s corporate finance specialists completed the deals and exceeded client price expectations against the backdrop of a challenging mergers and acquisitions market.
Taunton-headquartered Albert Goodman’s corporate finance team has now completed more than 30 deals during 2023, which has also seen the company as a whole go from strength-to-strength.
Albert Goodman director Neil Hutchings (pictured) said: “It is always a privilege to work with business owners during the exit phase of the business lifecycle, and even more so when we can help secure the legacy of the business and exceed price expectations.
“In both these cases, early preparation for exit certainly helped deliver a successful outcome, and we are always keen to speak to business owners with exit planning in mind.”
The Albert Goodman corporate finance experts were supported by the firm’s tax consulting and accounts teams from the early stages of exit planning, in a bid to ensure smooth sales processes and surpass shareholder expectations.
Legal advice on the deals were provided by Taunton-based lawyers, Kirill Bingham, of Clarke Wilmott, and Richard Biggs, of Squire Biggs.
Albert Goodman senior manager Matt Chandler added: “We first spoke with our clients about exiting pre-COVID, so this clearly demonstrates the benefits of preparing for sale properly.
“By working with the shareholders well in advance of their planned exit, changes could be made to maximise the chance of successfully achieving their desired exit.
“It’s incredibly satisfying to see that preparation pay off and that we were able to achieve an exit over and above our clients’ goals.”
Albert Goodman chartered accountants, tax consultants and financial planners has been helping businesses across the South West for over a century. Its other locations include Yeovil, Weymouth and Weston-super-Mare.
The last 12 months has seen Albert Goodman open a new office in central Bristol to accelerate its growth ambitions within the city and beyond, and the firm also secured prestigious ‘B Corp’ status due to its enhanced commitment to environmental and social goals.
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