Selling your Business

Selling your business can be a complicated process so it makes sense at an early stage to obtain independent specialist advice from an experienced accountant. From the outset a decision needs to be taken as to whether you want sell your business privately by advertising your business on any one of the listing websites available in the UK or through an Agent (i.e. a business transfer agent or commercial property agent). Both options require a substantial amount of thought and planning and it can be a time-intensive, demanding process.
 

• The sales process will involve a number of key considerations all of which we would be happy to discuss informally before putting together a proposed action plan:
• Appointing the right advisers to address both the tax and legal implications of selling your business and agreeing the scope of their involvement, their terms and fees;
• Preparing a comprehensive and detailed Information Memorandum to provide a complete picture of your business to potential buyers;
• Deciding on the appropriate valuation method for your business in light of the findings identified in the Information Memorandum;
• Agreeing on a marketing strategy to provide a clear and compelling statement of the business case to generate interest and competition between potential buyers;
• Managing the buyer’s Due Diligence process to provide them with sufficient information to enable them to understand the business they are buying;
• Negotiating the terms of the Sale & Purchase Agreement with particular emphasis placed on any post completion obligations that may be imposed on the seller;
• Managing the sale completion mechanics to ensure the sales proceeds are securely received in accordance with the seller’s expectations.