BUSINESS

OFferings

MORE INFO NEEDED HERE

INNOVATION FUNDING

BANKING & BOOKKEEPING

CAPITAL ALLOWANCES

BUSINESS INSURANCES

REMEDIATION OF CONTAMINATED LAND

CURRENCY

EQUITY RAISING

SALE OF BUSINESSES

PATENTS

ENERGY INTENSIVE INDUSTRIES/CLIMATE CHANGE LEVY

INSURANCE FOR DIRECTORS

& KEY EMPLOYEES

DEBT & LOANS

PITCH DECKS

INNOVATION FUNDING

RESEARCH & DEVELOPMENT/GRANTS/PATENT BOX

We are using one of the best companies in the country for this called CATAX who have managed to get £300m back into companies through R&D alone in the past 8 years.

RESEARCH & DEVELOPMENT

Research and Development Tax Credits (R&D) are given by the government to innovative and growing business. The most important thing to remember with R&D is that it is not for specific sectors and we have claimed for a huge variety from construction to fine dining.

GRANTS

Grants are slightly harder to qualify as it depends what grants are on offer at the time and if the company is in the right sector. If you are speaking to a company and they think they qualify we will always have a look and speak to the specialists.

PATENT BOX

Patent Box is a relief for any company on a patented product which they sell. The relief allows these companies to reduce their corporation tax from 19% - 10% on any profits directly derived from the patent. Qualification easier here as you just need to ask the question as to whether they have a patent or not.

As Patents are quite expensive some companies shy away from doing them but they should be to protect their IP. This gives them a way of justifying the costs.

PATENTS

As well as the above we work closely with patent lawyers to help you protect your IP.

ENERGY INTENSIVE INDUSTRIES/CLIMATE CHANGE LEVY

Energy Intensive Industries (EII):

We are familiar with the scheme which allows eligible businesses to apply for compensation against some of their energy bills. Found usually in sectors that are heavy industrial users:

  • Manufacturing

  • Engineering

  • Mining

  • Quarrying

Climate Change Levy (CCL):

This is an environmental tax charged on the energy that businesses use. It is designed to make businesses more efficient in the way they run their businesses which in effect will reduce their emissions. It is a tax they will see on their energy bill which we can claim back a part of. Relief is retrospective to 4 years and can go forward from there.

CAPITAL ALLOWANCES

Capital Allowances tax relief offsets the hidden expenditure in your commercial property. This includes elements such as air conditioning, wiring, heating, lighting and security systems. All commercial property owners who are UK taxpayers may be eligible to claim Capital Allowance.

REMEDIATION OF CONTAMINATED LANDS

There is relief for land and property owners available who have had to spend money on treating or removing contaminants from their land. Contaminants count as things such as:

  • Asbestos

  • Radon

  • Japanese Knotweed

  • Bringing land that has been derelict for a long time back into use.

BANKING & BOOKKEEPING

We utilise our back-office team to help with your monthly cashflows and budgets as well as raising and settling invoices.

BUSINESS INSURANCES

We have a specialist SME broker that really gets to understand your business and understand the growth and what may be needed now as well as in the future. These include but are not limited to:

• Physical Loss or Damage

• Property Owners

• Contractors All Risks

• Business Interruption

• Business Continuity

• Public Liability

• Products Liability

• Employers Liability

• Directors & Officers Liability

• Marine

• Construction

• Right of Light

• Latent Defects

• Surety Bonds

• Motor Fleet

• Credit

• Terrorism

• Professional Indemnity

• Cyber & Crime

• Mergers & Acquisition

INSURANCES FOR DIRECTORS & KEY EMPLOYEES

The following insurances help business protect themselves; their investors and their family were they to become ill or die. It makes the business more investable as well as disaster proof.

Relevant Life

This is a death in service policy for Directors of smaller businesses. The policy is a very tax efficient way of paying for life assurance and the total savings are around 50%. This is because the cost is a business expense and does not count as a benefit in kind or a P11D. The benefit is purely for that of the family of the director.

Key Person Insurance (KPI)

This protects the business were one of the main drivers of the business to die. The company can directly insure profits due to one person so that they could replace them with another salaried individual without having to give away any more equity. As well as giving the company itself the confidence of knowing they could continue in this scenario it gives investors the same confidence that the business could continue too.

Cross Option Agreement

An agreement between shareholders and spouses that were the worst-case scenario to happen the company would buy the shares that had passed to any directors spouse at a certain value. This is an agreement put in place whilst the business is going well (obviously with the hope that this would never happen) where agreements made are much easier. Worst case scenario is dealing with a family that are mourning and trying to buy the shares back off them.

DEBT & LOANS

We see directors/shareholders looking for sources of non-dilutive funding more and more often. Sourcing debt finance can often be the hardest part of the journey so we can access a panel of over 100 lenders to help clients find the perfect facility for their business. Legacy also lend their own money.

Products on offer include (but are not limited to):

• Term Debt

• Invoice Finance/Factoring

• Mortgages (regulated or non-regulated)

• Venture Debt

• Convertible Notes

CURRENCY

We have a series of brokers that we use and will find the right fit for each company we speak to. Most of these guys will go as low as a 0.5% margin which is a 90% saving vs the banks.

As well as helping the company day to day using a broker can make it far better for receiving investment and maximise that investment. If you have a foreign investor then the broker can be used as a third party payment method to receive the funds and convert at a far better rate.

EQUITY RAISING

NEED MORE INFO

SALE OF BUSINESSES

A business might be the most valuable asset a person can own but when the time comes to sell it, they might be unprepared for the number of decisions to be made in the process.

Legacy and its team of specialists can identify the correct mode of exit for your business which can include (but not be limited to):

• Private Equity-backed exits/MBOs

• Leveraged Exits/MBOs

• Trade Sales