Company Sale or Acquisition
Caution is needed and the director and shareholders should have someone with a specialised knowledge advising them. We unfortunately see on average one case a month where a company has relied on their advisors to look after their interests, unfortunately this was not the advisors area of expertise. To avoid the following.
Company Sale
A prospective purchaser has been hovering for some time - They put the company at ease and everything looks positive - Negotiations take longer than expected - Corporate advisors are appointed to do final due diligence, they then speak to your Bank and some of the company's suppliers - The purchasers, feel the circumstances have changed - The end result at the last minute is that the Bank and or suppliers' relationships changes negatively and you are forced to accept a sale on vastly different terms.
This scenario cannot only be avoided, but the whole deal enhanced by taking specialist advice.
Acquisition
Advice can be given on the due diligence.
Due diligence
There are various types of due diligence, advice really needs to be taken from an expert, giving your accountant latest accounts and management accounts is really not good enough. This is a relatively low cost procedure avoiding a very costly mistake later ("caveat emptor" - let the buyer be aware).
Please feel free to contact our sponsored company helpline if you have any questions.