Business people hate uncertainty, so irrespective of what side they took in the wake of the Referendum, many business owners feel relief that at least, for now, there will be a period of stability. It is difficult to predict how each sector will be affected by any changes that come into force after 31st December 2020. In the meantime, it would appear that after three years of constant political bickering business owners have continued to trade successfully and over the same period, businesses have also continued to be bought and sold.
No doubt as this thing unfolds there will be winners and losers when the changes come into effect. However, as history has shown, business people are a resilient breed. There will no doubt be opportunities as new markets emerge as well as businesses adapting to suit the changing nature of trade. It would also appear that business people all over the world, not just in the UK and in Europe, will adapt to trade with one and other irrespective.
So it remains to be seen the effect that Brexit will have in years to come, but for now we expect businesses of all sizes in most all sectors will continue to be bought and sold. Companies realise that organic growth is difficult in the current climate and therefore acquisition is key for growth, resulting in the Mergers & Acquisitions industry and funding facilities remaining actively strong aside of the economic challenges.
No doubt people will keep a close eye on what elements of the proposed new deal with effect their business particularly those involved in agriculture and import/export etc and will readjust their strategies going forward to ensure they stay ahead of the game.
If you have any questions about how Brexit may affect the sale of your business contact Ian Hart at Hart & Co on 01244 403547 or firstname.lastname@example.org.