The brief
A saleable earnings figure, a tax path for the family, and a timetable the managers could fund.
What we found
Related-party rents, a dividend habit, and a close that hid the true run-rate.
What moved
A cleaned eighteen-month track, an MBO structure Mira would sign, and a deal that completed without a second price chip.
The work
James led. Amelia ran quality of earnings. Mira designed the extraction so the family were not surprised at completion. We spent a year making the numbers boring — which is what a buyer pays for.
The management team raised against a pack they had already been living with. There was no last-minute normalisation fight, because the fight had happened in this office, quietly, the year before.
Ready to put a partner on the numbers?
Forty-five minutes with a practice lead. Bring the last pack, the VAT position and the decision you need to make.