Chatsworth Consultancy
FINANCE 59
Chatsworth Consultancy
Mergers are another no-go area for a lot of hard working self-employed and small to medium sized business people. Sometimes you can just get stuck in a rut unable to look up at the opportunities that are constantly presenting themselves to you.
But how do you get to the next? Well one way is to buy your way there. That doesn’ t sound too difficult and you get the most of both worlds. You keep your existing business but get to add someone else’ s enterprise to your own giving you that link in the chain you desperately need.
Merging with a competitor, a member of your supply chain a customer or a company that builds capacity and allows you to exploit new markets is worth looking into.
What you will need for it to work is the right solicitor who you can talk with and explain your needs and what you perceive as the benefits to you and your business. Your solicitor and accountant will then be able to ensure that what you are getting is what you stated you wanted or needed.
The process is different for different types of companies, i. e. limited companies, partnerships, public liability companies or even a sole trader. You can merge part or all of your company, the advice you get from your solicitor and accountant on the state of the company especially information about staff, stock, good will and licences will prove invaluably so listen carefully to their advice and take the time to conduct your own analysis the statistic and data.
For more information on mergers and acquisition you can contact Business Link London and Key Mergers & Acquisitions business brokers & Start-ups Service.
ISSUE FOUR 2007 engage | uk