A NEW website which gives step-by-step free advice on how to carry out a management buy-out (MBO) has been launched by York-based accountants and business advisers Garbutt & Elliott.
The unbranded website, mboguide.co.uk, believed to be the first of its kind, has been created to stimulate MBO activity as the economy recovers.
It gives free, practical advice to business owners and management teams on the steps needed for a successful management buy-out.
Richard Feltham, Garbutt & Elliott’s corporate finance partner, said: “We expect a growing number of business owners to seek an exit route in the next few years, especially following the Chancellor’s doubling of the lifetime limit for entrepreneurs’ relief from £5 million to £10 million.
“An MBO is one way to achieve this.
“The website aims to support activity by giving far more detailed advice than professional firms usually provide in this way.”
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