Lawyers offering £5000 worth of the legal due diligence.  Surely not! 

In partnership with the Business Sale Report Smithfield Partners Solicitors and WM ProServ LLP, accountants are offering £5000 worth of free legal or accounting Due Diligence.  What is the catch?  This offer is only available to the first 5 companies that apply via the Business Sale Report.  To qualify you just need to have a turnover of at least £1m.  Fill in the form below or call us on 020 8875 0200.

If you’re thinking of buying or selling a business and either want to investigate a target company or want to put your firm on a sound footing prior then our partners can;

• Produce a review of the constitutional documents of the company and any subsidiaries
• Summary of the shareholding history and review of statutory books
• A review of certain material contracts and agreements
• A review of any ongoing litigation – prior lawsuits or correspondence
• A summary of any intellectual property issues
• A summary of relevant licenses and permits
• Employee agreements and consultancy agreements (where appropriate)
• Free Financial Due Diligence could entail;
• Accounts, policies, systems and management information
• Profit & Loss position
• Cash generation probabilities
• Review of forecasts Assets & Liabilities position IT position – e.g. disaster recovery plan, security etc
• Taxation – including compliance issues

Neither of these are exhaustive lists but cover some of the main issues of pre-sale or probity

Remember the first five businesses to apply are eligible to have £5,000 of free work completed by top city legal or accounting professionals.  Any fees incurred above the first £5,000 are chargeable on the basis of the engagement letter to be entered into with the relevant firm.