Business Acquisition

Many businesses grow organically, but this is a slow process. Some businesses, because of their uniquely personal nature, are virtually impossible to grow organically. If you want to grow your business and you cannot wait for the organic process to develop the most effective way to achieve rapid growth is to buy a similar business.

However buying a business can be something of a daunting experience, which can raise all manner of questions, such as:

• How do know that I am buying what I think I am?
• What information can I expect to be given?
• What is the business worth?
• Will I have to pay a single lump sum or will I be able to pay over a period of time?
• What liabilities will I be taking on, particularly in respect of the employees?
• Do I need the present owner to stay on for a while to help with the transition?
• The vendor wants to sell his shares in the business. What does this mean to me?
• I’ve heard that buying a business from a Receiver or Administrator can be very cheap. Why would I want to buy a business that has already gone bust?
• If I buy a business from a Receiver or Administrator, what liabilities do I take on?

We can help with all of the above and guide you through the process to a successful conclusion. We have particular expertise in purchases from Receivers and Administrators, having been on the other side of the fence for many years. Many businesses have been successfully purchased out of insolvency proceedings and prospered in new ownership. We speak the same language as Insolvency Practitioners and know the pressures they are under to achieve an early sale .