In this video of our Deal Insight Series, serial entrepreneur Jonathan Jay talks about weighing in the risks when buying a distressed business.
The transcript of the interview follows:
With distressed businesses there is less time for due diligence. How do you weigh up the risks?When buying a distressed business, you’ve got a very limited ability to conduct due diligence. There is some sort of pack put together but the administrator - some administrators - may take more care about putting this pack together than others. You are buying “as seen”, so there is a degree of risk. So, what I always say to people is...
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