Buying a Business - Chapter 8a

In this episode, we explore the due diligence stage of acquiring a business, where MSPs take a deeper look at the company before completing a purchase. This process involves carefully reviewing financial records, legal structures, contracts, assets, and operational systems to verify the information previously provided and uncover any hidden risks. Working with professional advisors such as accountants and solicitors is essential, although their role is primarily to protect your interests, which can sometimes slow or complicate a deal. By methodically examining areas such as legal ownership, financial performance, operations, and relationships with staff, customers, and suppliers, we can determine whether the business truly delivers the value expected and whether the acquisition should proceed.

Mike Knight MBA FCIM Director, MKLINK Ltd