Once an offer is accepted and completion is on the cards, it can be easy to make haste towards acquisition. The desire to complete and progress can be all too consuming. Yet it is critical at this point to take a moment. You need to substantiate all the promises, numbers and projections. Whilst much will do, there are always things that come out during due diligence.
Here are some considerations: was your offer based on projected performance? Are there client agreements in place? Do they have the customer mix they claimed? Is their balance sheet today as healthy as the one they supplied? Is stock as valuable as they state? Who will take on the new premises lease and, on what terms?
Experience tells us that due diligence is the one part of the completion process you hurry at your risk. The checklist we use is over four pages long. So, before you enter the legal process, take a deep breath, and take a long hard look at the company.
Searching questions have less value after a sale has been completed.
We assist all clients in looking under carpets,
behind curtains and under the furniture of businesses
We have helped clients pull out of and renegotiate
deals where we have uncovered significant issues
We are confident you will find working with Unloq refreshing.
We’re not like a traditional M&A business, with large up front
fees and city-first approach to acquisition. We’re a modern
data-driven business that works as hard as possible to find
clients the best possible opportunities.
We do all the hard yards to help clients find, engage and
complete on one or more details.
Better still we are both transparent and accountable to all
clients. Offering realtime reporting, responsive staff and a
shared commitment to achieving your aims.
To hear more about our client, please call 01962 609 000 or
