Owner-managed businesses often face a conundrum when looking ahead to retirement, especially around how to release any value that is held within the business.
More than a third of farmers fear their businesses will no longer be viable as a result of the changes to subsidies and direct payments.
Our initial findings from the soon-to-be-released RAG Farming Survey showed that while these businesses said they had planned for the changes, they were unsure if they would be able to carry on.
Following the success of the various Government-backed lending schemes to assist businesses through the pandemic, the lending landscape has changed somewhat.
Recent research by the Association of Practising Accountants (APA) found that many businesses are still struggling with the impact of Covid-19 and the uncertain economic outlook