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Money Talk: Selling up and getting-out - there are several ways of valuing a business

Last month we looked at valuing a business for potential sale using its most recent balance sheet and noted several good reasons why any prospective buyer might not take even an accurate and up-to-date balance sheet at face value. In particular, that the figures are at historic cost, and that there may be potential liabilities that are difficult to quantify and show.

Merril Boulton: editor

The frustration is palpable as the realisation of the impact of changes to business rates being implemented in April is realised in companies big and small across the nation. Media headlines have yelled at every opportunity about the smaller retailers that appear to be being taxed out of business.

Money Talk: Selling up your site and getting out...

In the course of any business there comes a time when the owners think about selling up. If the business is successful they might want to get out at a reasonably early age and enjoy a long retirement somewhere sunny. If the business is very successful, someone may come along out of the blue with an offer to buy them out before they've even thought about retirement. Usually it comes down to age and/or personal circumstances. Nobody really wants to work until they drop especially in a hard business like petrol retailing. Eventually the question that most operators ask themselves is "How much is my business worth?" Usually the next person they ask is their accountant.

James Lowman: ACS chief executive

As we build up to the new financial year starting in April when businesses in England and Wales will start paying rates based on the latest revaluation, there's been a lot in the papers about business rates. While a lot of the media coverage talks about the pounds and pence increases, the underlying issue remains that two years ago, the government committed to undertaking a fundamental review of business rates and we're yet to see a clear conclusion to it.

Money Talk: Looking for a light in the January darkness

Welcome to January, the bleakest of months what with the darkness and the bills arriving after that little self indulgence at Christmas. And that was just in the good times. Following the events of 2016 (think Brexit, Trump, US interest rate rise, etc), the economic outlook is the most uncertain since the financial crash of 2007/08 and the forecourt retail industry won't be immune to whatever happens to the wider economy.

Money Talk: Budget 2015 (the March one)

It was always likely to be a strange Budget coming as it did just seven weeks before the General Election which looks highly likely to end without any clear winning majority. The Chancellor had to stand up and deliver a Budget that somehow appealed to his existing voters but didn't scare off those who might be thinking of joining them on May 7; and do so in the knowledge that he might not be in a position to put his announced measures into practice after that date.

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Weekly retail fuel prices: 10 February 2020
RegionDieselLPGSuper ULUL
East129.87138.31125.86
East Midlands129.4868.90139.04125.87
London129.9967.90139.50126.40
North East127.6463.90137.79124.24
North West128.7161.90138.29125.24
Northern Ireland126.52131.30123.30
Scotland128.4466.90136.00124.66
South East130.6866.90139.77126.86
South West129.48136.50125.54
Wales128.25136.13124.47
West Midlands129.5665.90139.76125.95
Yorkshire & Humber128.82139.37125.16

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Has the Government's shock announcement to bring forward the ban on the sale of new petrol and diesel-powered vehicles - as well as hybrids - to 2035 or even earlier caused concern and disruption to your future forecourt development plans?

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