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WHAT IS THE TIMELINE FOR BUYING MY COMPANY?

FREE CONSULATION TODAY: 020 8064 0173

Start the Business Appraisal

We need to know why? We will need to understand the reasons for the sale and gain an understanding of your preferred exit strategy. Once all parties agree an initial purchase/sale price a HEADS OF TERM WILL BE SIGNED BY ALL PARTIES with a planned completion date to allow for exclusivity during the due diligence period.

1. FULL ACCOUNTS FOR LAST 3 YEARS AND ALL ACCOMPANYING DOCUMENTATION

  • Latest management accounts
  • Copies of property leases
  • Staff lists with start dates & salaries
  • List of ongoing contracts
  • List of assests & company vehicles
  • Details of any finance outside of assests listed
  • Details of any loans to or from the owners
  • Details of any management software, accontancy software & payroll software.

2. DUE DILIGENCE VISIT (WITHIN 14 DAYS)

  • Discreetly arranged for confidentiality
  • Review of financial information
  • Healthy & safety review
  • HR audit

3. SALE & PURCHASE AGREEMENT (SPA)

  • Within 7 days of due diligence
  • Standard template used for all transactions
  • Shedules, payment terms, assets and special conditions added to spa
  • Action point required by seller to appoint a solicitor and sign engagement letter.

4. freehold property

  • RICS valution visit to be booked

5. leasehold property

  • Introduction to the landlord

6. review meeting

  • 14 days after the SPA has been issued

7. completion meeting

  • At meeting point to be agreed
  • All documents to be signed
  • Typically, 7 days after the review meeting

Ready to discuss your sale?

Contact the JLAW Group today for a no-obligation and totally confidential discussion.

CALL US: 0208 064 0173
FREE CONSULATION

Not brokers

  • We are a group of individuals
  • Building a group of companies
  • Working together to share the best practice

Fast sales process

  • Our acquisitions and private and completed quickly

Confidential & Personal Service

  • 100% confidential we aren’t interested inlong negotiations
  • We Personally meet and keep alldiscussions private.

Take away the headaches of selling

  • Fast decisions focused and determined approach
  • With the aim to take away the difficulties and headaches of
  • selling your business.

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COMPANY FORMATION

Registered in England & Wales No 12259064

REGISTERED ADDRESS

20-22 Broomfield House Lanswoodpark, 
Colchester, Essex, United Kingdom, CO7 7FD

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