Partnership & Shareholder Protection

Get in touch

Losing a partner, member or shareholding director can have a major impact on the success of your business. It’s not just the loss in profits, how would you retain control if that person’s shares end up with someone outside your business? You could be forced to work with someone who has no knowledge of the business or no interest in it. A critical illness creates even more uncertainty. Will they be able to return to work? If they don’t return, they may want to sell their share of the business. Could you afford to buy it?

Questions to ask if your business is a limited company / partnership / LLP:

If one of the shareholders / partners / members dies unexpectedly:

  • Is there anyone else who could run the business?
  • Are any business loans in place which are secured against the family home?
  • How would the family cope financially?
  • Can the surviving shareholders/partners/members buy the deceased’s share?
  • Would a competitor want to buy into the business?
  • Would the beneficiaries get a fair price?
  • Do the beneficiaries want to join the business?
  • Would the other shareholders/partners/members want them?
Get in touch
purple blob

Questions to ask if you’re a sole trader:

If you were to die unexpectedly:

  • Is there anyone else who could run the business?
  • What would this cost?
  • Are any business loans in place which are secured against your family home?
  • How would your family cope financially?
purple blob

What is Partnership or Shareholder Protection?

Partner & Shareholder protection provides funds in the event of a death or critical illness of a business partner or director. The loss of an owner or partner can have a destabilising effect on any company. The funds released give you the ability to buy back any shares and pay back any business or Director’s loans that the estate might demand be repaid. Partner & Shareholder Protection allows you to keep control of your business and ensures the deceased’s family is fairly compensated.

Benefits of Partner & Shareholder Protection

  • Keep control of your business
  • Provides a lump sum to buy shares and give the family a fair settlement.
  • Prevents shares being sold outside of the business
  • Money available to pay off any outstanding business debts
purple blob

Business Continuity Planning

Business continuity planning plays a key part in protecting the stability of your business. It ensures your business continues to trade even if the unexpected happens. Partner & Shareholder Protection is just one area of business protection. You might also want to consider Key Person Protection to protect your business against the loss of a key person. There’s also business debt protection, and tax efficient Relevant Life Cover which makes staff feel more appreciated so they’re more likely to stay with your company for longer.

Find out more. Download our business continuity guide.

Business Continuity Guide
purple blob

Why choose The Finance Roome?

We understand the complexities of business continuity planning and depending upon whether you’re a sole trader, limited company or partnership, our business protection team can advise you on the most cost-effective options for your business. We listen to your specific needs before searching hundreds of business protection products to find one that matches the individual requirements of your business.

purple blob

Don’t just take our word for it.

Our biggest critics are always our clients. Unbiased and unrelenting, they are the easiest way to find out what a business is really like to work with. Find out what ours are saying about us!

Sophia Hawkins-Brown
Sophia Hawkins-Brown
2022-11-10
Cannot recommend these guys enough. After meeting the lovely Sam, I talked her through the nightmare I had had securing mortgages through other brokers. Sam recommended I spoke to Ricky, who was quick, efficient and super friendly. I recieved a call from Chloe who was also lovely 12 hours later securing my mortgage at an affordable rate and for the amount I desired. The Finance Roome are amazing. Offering an efficient, friendly and successful service. Thank you all. Made my day and took all my stress away. I would give 10 stars if I could.
Sophie F
Sophie F
2022-10-26
Can't speak highly enough of the Finance Roome team, we've been with them since we purchased our first house and we've just exchanged on our next property today - and I genuinely don't think we'd have made it before the interest rate hike without them! They are so friendly when you ring, always happy to discuss any little query or concern, and always respond quickly to any communications. You really feel like a valued customer dealing with this team, I've been on the phone to them in floods of tears during this house move and they're so reassuring and kind. Shout out to Adam, Jess H, and Jess D, who I have mainly dealt with - but I can honestly say that every single person I've spoken to has been fab. Without them chasing our mortgage lender to expedite our funds request after some messing from the bottom of our chain, we'd have lost our deal and seen it triple. That's life changing. Thank you Finance Roome!
kate d
kate d
2022-10-24
The finance room have walked is through everything for both mortgages we've had so far. The service has been faultless, diligent and and easy to contact. Responds very quickly to our emails. Gave honest advice and supported us throughout, even when we ended up remortgaging through our previous provider meaning they did not get a commission.
Victor Wilson
Victor Wilson
2022-10-22
I have nothing but positive words for this company. Chloe and Harriet mainly dealt with my case and their customer service is brilliant. Aside from that, their approach towards everything is proactive, efficient and professional. I cannot fault anything from my experience and when I purchase another property I will be straight to these guys. Thank you everyone!!
Emily Poole
Emily Poole
2022-10-21
As always, The Finance Team have been amazing and helped me with my new mortgage. They are extremely knowledgeable, professional and lovely to deal with. Thank you so much!
Ross Firth
Ross Firth
2022-10-18
From the first moment we messaged Courtney we knew we were in the right hands. The finance roome helped us with the purchase of our first house, from sorting our mortgage to helping with our life insurance and home insurance. Right from the start everyone was friendly helpful and more than happy to take the time to answer any questions we had and even though we had ended up waiting 8 months for the house to finally all go through, they still persisted to chase up our solicitors weekly and check everything was still in order. We couldn’t recommend them enough!
Charlotte Slater
Charlotte Slater
2022-10-10
Adam and everyone at the Finance Roome have been wonderful. Words cannot express our thanks for his expert advice, getting us a great mortgage in the nick of time. He quite rightly hurried us to get all our paperwork in order and as such we got a mortgage just days before the massive interest rate hikes. In addition to securing us a great mortgage, Adam was always on hand to provide support and reassurance when our Solicitors were causing us many headaches. Thanks again so much to Adam and the team. We have recommended them to everyone we know who are currently going through the house buying process.
Joanne Carnie
Joanne Carnie
2022-10-08
I have just completed my Re-Mortgage with the Finance Roome and am writing this review as I cannot rate this company highly enough. This is not the first time I have used the Mortgage Roome, they arranged my mortgage for my house purchase 5 years ago and were simply outstanding then so I had no hesitation in calling them for my Re-mortgage. Once again, the level of service I have received and the advice has been second to none and I am so grateful to all of the staff (Ellen, Adam Hayter and Jess Hambling) who have provided the advice and assistance along the way. All of the staff I have spoken to have shown that they are extremely knowledgeable, professional and they really listen and understand your needs when providing advice. It is not often you get outstanding service these days so they are totally deserving of a 5 star review. Thank you so much.
Emily Golden
Emily Golden
2022-09-30
The Finance Roome helped me secure a good mortgage deal and followed it through to completion. I will be using them again next time!
Paulina Woźniak
Paulina Woźniak
2022-09-20
We had really great experience with The Finance Roome Ltd. Our Broker - Adam and his Admins were very helpful. We have had our offer within 2 weeks since we’ve applied. They’ve supported us till very end (completion). Thank you from me and James for your time! Great job everyone!

Ready to take the next step?

phone

Ask us to call you

Speak to an advisor

Make an appointment