Ernest Wilson Reviews yesterdays budget

Ernest Wilson reviews today budget and how it will effect small business owners.

For further details about Ernest Wilson visit https://www.ernest-wilson.co.uk or call 0113 238 2900


George Osborne has delivered his seventh Budget as chancellor, the first for a majority Conservative government since November 1996. Here is a summary of his main announcements.

Personal taxation and pay

• New national living wage will be introduced for all workers aged over 25, starting at £7.20 an hour from April 2016 and set to reach £9 by 2020 - giving an estimated 2.5 million people an average £5,000 rise over five years

• Low Pay Commission to advise on future changes to rates

• Inheritance tax threshold to increase to £1m, phased in from 2017, underpinned by a new £325,000 family home allowance

• Personal allowance, at which people start paying tax, to rise to £11,000 next year. The government says the personal allowance will rise to £12,500 by 2020, so that people working 30 hours a week on the minimum wage do not pay income tax

• The point at which people start paying income tax at the 40p rate to rise from £42,385 to £43,000 next year

• Mortgage interest relief for buy-to-let homebuyers to be restricted to basic rate of income tax

Another lovely email from a satisfied client

From Mr. Simon McEnroe

Hello Paul I would like to thank you and all involved at Ernest Wilson for the friendly and professional service you provided during the sale of my business. As this was a new experience for myself, selling a business, I found your support and reassurance during this process extremely helpful. 

Many thanks,

Simon McEnroe 

Snaith Hall Nursing Home
Pontefract Road
Snaith
Goole
East Yorkshire
DN14 9JR

Thinking of selling a business? Call now for a free valuation on 0113 238 2900 or email sales@ernest-wilson.co.uk for more information on Ernest Wilson Business Agents, visit www.ernest-wilson.co.uk 

For more Ernest Wilson reviews, visit http://www.ernest-wilson.co.uk/Reviews/ 

Another great review from a satisfied seller client - Empire Fish and Chips, Wakefield

Robert Williamson
Ernest Wilson
The Business Centre
Deanhurst Park
Gelderd Road
Leeds
LS27 7LG


By Email: robert.williamson@ernest-wilson.co.uk

20th April 2015

Dear Robert

Empire Restaurant, Take Away and Drive Through

It has been many years since our paths last crossed, when I bought and sold many different businesses through you when you were located at your old offices in Bradford all those transactions went generally quickly, smoothly and were a success for all parties involved.

When I was tasked with handling the sale of my Mother-in-laws business due to her pending retirement you were the first company that came to my mind and it was a pleasure to meet up with you again after all those years.

I must admit to being a little sceptical as to how the potential sale would progress given the long running recession that seems to have blighted us all in one shape or another and that the business was not a ‘normal sized’ day to day run of the mill Fish and Chip business.

You were instructed to market the business for sale on the 6th February 2015, followed very quickly with a flurry of interested parties being introduced and visiting the business.

The first party introduced to us exchanged a purchase agreement on Friday 27th February some three weeks after you had been instructed to handle the sale, furthermore, other interested parties were disappointed that they had missed the opportunity and were queuing up in case anything fell through during the subsequent legal completion process.

Completion took place today, 20th April 2015 some 10 and a half weeks after you were instructed to market the business. An unbelievable result even given your past history in handling sales of businesses for me.

So therefore I write to thank you and your staff for the professionalism and dedication demonstrated in ‘getting the job done’. My Mother-in-Law can now begin her well-earned retirement and I can get back on with my normal day job.

I wish you and your colleagues all the very best for the future, I am sure that you have a very exciting and busy time ahead for you all given this superb result you, and your team, managed to produce.

Thanks again, it looks like I do owe you that beer, let me know when it will be convenient to meet up it would be great to catch up with you some more.

Yours sincerely

Carl R France
CC: Stuart Moorhouse by Email: stuart.moorhouse@ernest-wilson.co.uk
Michael Peel by Email: michael.peel@ernest-wilson.co.uk


Thinking of selling a business? Call now for a free valuation on 0113 238 2900 or email sales@ernest-wilson.co.uk for more information on Ernest Wilson Business Agents, visit www.ernest-wilson.co.uk

For more Ernest Wilson reviews, visit http://www.ernest-wilson.co.uk/Reviews/

 

New Saltaire restaurant opportunity

As you may have heard or read about, a new restaurant in Saltaire is due to be built and we are looking for a suitable tenant to take on this fantastic opportunity.

This is a very exciting project to be involved in and will inevitably be a popular destination in this World Heritage Site http://www.saltairevillage.info/ close to the famous Salts Mill

If you're interested in taking the lease on this unit get in touch on 0113 238 2900 or visit the website at www.ernest-wilson.co.uk

Ernest Wilson reviews various sectors and we firmly believe the restaurant market is set for a resurgence after a difficult few years - is now the time for you to open your dream restaurant?  

Business and relationships go together like a horse and carriage

Another review from a satisfied client

We believe that all businesses should have a good relationship with both their suppliers and customers. Without knowing each other a new supplier will promise the earth but will rarely supply, however the reasons and excuses will be bountiful until the truth comes out months later.

We have known Ernest Wilsons through the buying process, have kept in contact for a variety of reasons over the years of the business and they were the obvious choice to sell the business, they knew us, we knew them, they knew the business, there were no unrealistic promises, no reasons, no excuses just facts and they went out of their way to help and we agreed the final sale within 3 weeks of the initial asking to sell. We couldn’t have asked for more!

Regards Barry Johnson
Former Sub Postmaster at Aldbrough Post Office

For more Ernest Wilson reviews, click here

New build restaurant in Saltaire

Here's a sneak preview of a new restaurant that is being built in Queens Road, Shipley,  Saltaire this spring which Ernest Wilsons have received instructions to find a tenant for.

Fancy yourself as the next Gordon Ramsay? Get in touch or watch this space. Ernest Wilson reviews many sales at https://www.facebook.com/ernestwilsonbusiness 

For all our businesses for sale visit www.ernest-wilson.co.uk