Monster Ski Challenge for Multiple Sclerosis

Guy Haynes of KBS Corporate is to embark on a Ski challenge in March in order to raise money for the Multiple Sclerosis (MS) Trust.

Guy has been inspired to take on the challenge to ski the height of Mount Everest every day for three days (90,000 vertical feet in total) after the death of a close friends’ parent, just prior to Christmas.

With other friends also suffering from the condition, Guy has seen first hand, long battles against the condition and the debilitating affects that it can have.

Guy commented, “The reason I am doing this challenge is because the parent of a close friend of mine died recently following a long battle with the condition. At the funeral the family asked that rather than personal gifts and flowers, they would prefer donations to one of the MS charities.  With this in mind it seams an ideal way to raise money that will be well spent on invaluable research which will ultimately improve the lives of those who suffer from the condition.”

The MS Trust is a UK charity, providing information for anyone affected by multiple sclerosis, education programmes for health professionals, funding for practical research and campaigning for specialist multiple sclerosis services. It’s vision is to enable people with MS to live their lives to the full.

To help raise money for this very worthwhile cause, please visit Guy’s Giving Page by clicking the following link:

Click here

CHARITY BIKE RIDE RAISES £28,000

KBS Corporate Managing Director John Rigby took part in a charity bike ride with 14 other riders, putting pedal power to fantastic use in a coast to coast charity bike ride to raise money for St Mary’s Hospice in Ulverston.

The team took on the grueling four day challenge to cycle 204 miles from Robin Hood’s Bay in Yorkshire to Ulverston in Cumbria and have so far raised in excess of £28,000 for the hospice. On their journey, they climbed over 20,000 feet of rough terrain throughout the 4 day period and reached speeds as fast as 48.3 mph on the down hill roads from the Tan Hill Inn. On reaching their destination, they were greeted by a rapturous reception at the Ulverston Carnival.

John Rigby from Bolton based KBS Corporate commented, “This was a difficult ride, cycling over some very tough terrain in soaring temperatures. I am delighted to have taken part in such a worthy charity effort and to have raised a great amount of money as a result.”
The event was organised by John’s friend Jeff Walsh from Bolton-based Pearl Window Systems Ltd to raise money for St Mary’s Hospice in Ulverston in memory of his father Jeff who passed away in February this year.

Reach Supported Living complete Newport Acquisition

Reach Supported Living has completed the acquisition of Celtic Care Home Ltd for an undisclosed fee; the deal was brokered by KBS Corporate.

Celtic Care Home Ltd is a Newport based company offering domiciliary care services throughout Newport; since they were established in 2006 they have become an approved supplier of Newport City Council and enjoyed consistent growth.

The acquisition was made by Reach Supported Living who has been providing care services in South Wales for over 25 years. Reach forms part of the Seren Group who provides support to 11 councils in England and Wales and employ over 500 people.

The sale was brokered by KBS Corporate who have experience in the domiciliary care market, recently brokering a deal for Easley Health in North Yorkshire. Deal executive Guy Haynes believes the domiciliary care market has remained buoyant in recent years.

 “The acquisition of Celtic Care Home Ltd further demonstrates the continued confidence in the domiciliary care sector. Activity levels have remained high in recent years despite the recession and active buyers still remain should the right opportunity present itself.”

Reach supported living are reported to be keen to continue trading the company as Celtic Care Home Ltd and it will be business as usual for all the customers and employees who have worked extremely hard to establish the business as a leading supplier of care in the Newport area.

Mr Haynes continued, “I felt that Celtic Home Care was an ideal fit for Reach Supported Living, both from a geographical point of view, and because of a shared dedication to high standards of care for their customers.  I am delighted that this deal has completed, and I wish both the buyers and sellers well for the future.”

Budget 2011:Osbourne announces further increase in Entrepreneurs Relief

 Chancellor George Osborne has announced an increase in the size of entrepreneurs relief to £10 million.

This means that from 1st April you may only be liable for an effective tax rate of 10% on the first £10 million of qualifying gain made upon the sale of your business, a significant reduction on the 28% CGT rate for higher rate tax payers.

Considered selling your business? Contact KBS Corporate now to discuss your options. 0844 70 11 880

A good time to sell a business?

Under current Tax Legislation and ‘Entrepreneurs Relief’ you may only be liable for an effective tax rate of 10% on the first £5 million of qualifying gain made upon the sale of your business.

The ‘Entrepreneurs Relief’ scheme is personal to each shareholder and therefore allows £5 million of gain for each shareholder, a significant reduction on the 28% CGT rate for higher rate tax payers.

Many observers also believe that 2011 will see an increase in the value of domestic acquisitions in the UK suggesting this year might be the time to explore your options.

Corporate Update – October

Acquisitions Market bouncing back?
New data recently released suggests that merger and acquisitions activity across Europe is on the rise. The first three quarters of 2010 revealed an increase of 50% on the same period in the previous year.
The number of completed deals is also up by approximately 17%, encouraging signs for business owners looking at an exit strategy.

KBS Corporate has certainly noticed an increase in activity over the last 2 months with interest in certain sectors receiving unprecedented levels of enquiries compared to recent years. Both the haulage and security sectors have seen an uplift, due mainly to trade buyers targeting complimentary businesses that allow them to either increase their customer base or increase their service offering to existing customers.

Niche businesses also continue to attract a great deal of attention, as do companies that possess a high worth client base.  Such businesses are viewed as attractive opportunities by firms already operating in the industry with many financing the deals with a mixture of existing capital and obtained finance.

The proactive nature of both the KBS Corporate research department and deal executives in identifying suitable buyers has certainly created a busy period for the department. Enquiries are continuing to increase with this being mirrored in the number of meetings being arranged between the buyer and the seller.