Business Update – July 2021

22 Jul 2021

Business people and graphs

We have published our July issue of Business Update. Our insights include:

What will we do without LIBOR?

The London Interbank Offered Rates (LIBOR) has long been used in financial markets and as a reference rate for a variety of financial tools. However, from the end of 2021, there will be a cessation of LIBOR in the UK. We consider some of the issues for businesses that have contracts referenced to LIBOR both from a cashflow and an accounting perspective. Read more.

Have you considered employee ownership for your business?

Business owners employ a variety of exit strategies, such as trade sales to a third party and management buy-outs. However, selling a business to employees is a less well known option, but one that should be of serious consideration. We outline some of the key issues for business owners considering employee ownership. Read more.

Video: An interview with the MD of an employee-owned business

John Housego, Managing Director of Aquascot, one of the largest employee-owned businesses in Scotland, explains the issues and challenges that arise with employee ownership. Watch the video.

Jamie Lane, Editor

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