These are for guidance purposes only. Each case will be treated on merit.
| Net-pre tax profits averaged over the past 3 years | x5 | x% attributable to key person | = benefit |
|---|---|---|---|
| Example: If a company averages a net pre tax profit of £250,000 over the past 3 years and the key person is responsible for 50% of this, then the calculation would be: | |||
| £250,000 | x5 | x50% | = a benefit of £625,000 |
| Net-pre tax profits averaged over the past 3 years | x10 | + Net asset value + goodwill |
|---|
Cover can be provided to match the terms of the business loan
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