Considering buying or selling a business? 11 key considerations

top tips for buying or selling a business in Essex

During the pandemic, we received an increase in the number of enquiries from people wanting to buy or sell businesses and this shows no sign of letting up in the near future. Therefore, we have produced a useful guide covering some of the key considerations for those buying or selling a business.

A recent article by PWC states “The conditions for Merger & Acquisition (M&A) activity appear well aligned: many businesses have a strategic need to consolidate, divest non-core businesses, or quickly acquire new capabilities and skills. And there is plenty of money available to fund deals.”

This is supported by the latest Merger and Acquisition (M&A) figures from the Office of National Statistics (ONS), showing an overall increase in 2021.

If you are considering buying or selling a business, or planning on doing so in the coming years and want to ensure you are properly prepared, there are some key things you can do to ensure that:

• If selling – that you maximise the value, ensure that the people aspects are handled sensitively, and ensure the smooth sale of your business.

• If buying – that you get the best possible price (value) and conduct suitable due diligence so there are no ‘nasty’ surprises.

Many points overlap when selling a business or buying; you both want the transaction to complete smoothly, so having a robust and thorough approach, with conscientious and thorough paperwork, financial data, due diligence, and open and clear communication, benefits all parties.

You can download your copy of our helpful guide here – Considering Buying or Selling a Business? 11 Key Considerations.

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If you are considering buying or selling a business, we recommend you speak with one of our professional advisors at the earliest opportunity.

TBL Accountants Essex are your local accountancy firm operating in Southend and across Essex. We specialise in a variety of services as personal, business, and charity accountants. Want to find out more? Get in touch with our team today.

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