Avoiding disruption to core operations and maintaining business continuity will require businesses to carefully plan and potentially restructure the business or acquire additional entities in different jurisdictions.
What’s your plan to manage core operations and maintain business continuity throughout the Brexit uncertainty?
Business management considerations beyond Brexit
Have you planned for the worse?
Continuity planning - Work through the risks posed to your business across a range of different areas and develop mitigation strategies, continuity planning and testing support to help increase your businesses resilience.
Do you need to change your business structure to meet you objectives?
Business restructuring - If restructuring your business is part of your Brexit strategy, it can be beneficial to get advice and support with all aspects, including the buying and selling of entities and the raising of finance. Other things to consider include; due diligence, accounting requirements, tax advice, and legal and company secretarial support.
How will you identify the opportunities?
Advise on unique market opportunities - Review specific issues, international setup, tax issues and accounting needs to help you to avoid business disruption.
Is your short and longer-term liquidity suitable for your core plans and operations during the Brexit and beyond period?
Raising finance - Access to the right finance is critical to the success of any business and having the correct and suitable lines of credit and financial headroom during times of restructuring, uncertainty or expansion can be the difference between a business management process working or failing. Our subject matter experts support decision makers in assessing their financial requirements and raising the necessary working capital and longer-term finance.
Will your insurance arrangements be adequate in a post-Brexit environment?
Adequacy and sustainability insurance reviews - Arrange a review to give you the assurance that your insurance needs have met your business requirements for whatever eventuality.
Have you considered the wider factors that could affect your business?
Economic impact analysis review - Seek advice on the macro-economic factors that could impact your business and undertake a risk assessment examining areas such as tariffs, trade, current government guidance and an economic impact of arising changes, helping you to devise an effective mitigation strategy.
Can technology help you to leverage the opportunities?
Technology consulting - Ensure that you have the technology solutions in place to support your business, including project and programme management support.
How have we helped our clients?
We have been working with an international business to help them understand the implications of Brexit on their workforce of Internationally Mobile Employees (IME’s).
How did we help?
The business has operations and clients throughout Europe. In order to deliver these services, they have a mixture of short-term business travellers and longer-term assignees in the UK and various other European countries.
Our strategy has been to assist and guide the business through the potential impact of Brexit on their IME population. Aside from immigration, the main impact on employers’ post Brexit is likely to be in the form of changes to social security.
We provided a review of the possible exposure to overseas social security post Brexit for our client so they could factor into the costs they charge for completed work, and in some cases this has led to advising on whether to utilise staff from a different European talent pool to ensure continuity and keep costs down.
If you would like to know how we could help your business with preparations for Brexit, please get in contact with Simon Hart.