Welcome to our blog

Jan 2024

New year. New start.  

House-keeping!

If you are a business, who is thinking of selling or exiting their business sometime in 2025, now is the time to start planning. At Aly Young Law last year we saw a 100% increase in the number of business sales we handled from the previous year and there is no sign yet of that slowing down.

When you sell or transfer your business, the buyer will carry out detailed investigations known as due diligence, to make sure they fully understand how the business has been run and whether there are any issues with it.

As an owner-managed business, you are often so tied up with marketing, sales, and service delivery, that it is hard to keep on top of compliance and paperwork. The trouble is that if you don’t do that and a potential buyer finds issues within your business, at best, it gives them an opportunity to reduce the amount of money they will pay for it. Something known as “price-chipping”. At worst it can threaten to derail the whole deal and they could withdraw if they find something they don’t like in there. This wastes time and money for both parties.

For this reason, we recommend that you carry out a thorough audit of your business BEFORE you allow a buyer access to it. That way you can find any problems before they do. And more importantly, fix them, so everything is squeaky clean and tickety boo when the time arrives.

Book your free discovery call today

Book your free discovery call today

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Shepherdswell

Dover

CT15 7PH

 

 

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Aly Young Law Limited is the owner-operator of this website. Its company number is 7956575 and its registered office is at 3 Bernards Gardens, Shepherdswell, Near Dover, Kent CT15 7PH. Aly Young Law Limited is also authorised and regulated by the Solicitors Regulation Authority under SRA re 833392. VAT No: 150 1721 55