Depending upon the type of sale transaction, the legal stages can take as little as 6 weeks but they often extend to 3 months or more during which:
- Solicitors for both parties deal with the buyer's due diligence checks and prepare agreed legal documentation;
- Accountants for both parties liaise to deal with the buyer's financial due diligence enquiries;
- Buyers (and/or) their advisers make enquiries into commercial aspects such as key customer relationships, senior employees;
- Buyer and seller jointly prepare for a smooth transfer of ownership.
This stage of the process is always trying for vendors selling a business. However, we monitor the process closely and keep it moving as quickly as possible because the longer the legal stages go on, the greater the risk that the deal may be adversely affected by matters beyond the vendor’s control.
To start the conversation about selling a business, please Contact Us or call us on 02476 100476 without obligation and in complete confidence.