How Do I Sell My Business?
If you are looking to sell your business we are interested in talking to you. We are always looking to acquire UK businesses.
We are interested in UK businesses of any size in the following sectors:
- Tech Companies
- Web Hosting Companies
- Cloud Computing
- Network & Connectivity
- Accounting Practice
- Payroll Practice
- Bookkeeping Practice
- Marketing Companies
- Digital Marketing Companies
- Web Design Companies
- Web Development Companies
Get in touch with us today! – You will be dealing directly with us – No brokers.
Please fill in the form below
What are the steps to selling a business?
1 – Get In Touch With Us
If you are looking to sell your company in order to get the ball rolling please either email us, contact Tony Messer via Linkedin using the link provided on this page or fill in the form.
You will be dealing with us directly. We are not a broker.
The advantage of working with us directly is that there are no broker’s fees. Often these can be a significant percentage of the final transaction so whatever is agreed is for you and you alone.
2 – We Will Get Back To You With a Response
Once we receive your information we will let you know very quickly If we are interested. Try to provide as much information as possible about the business to help us understand the situation. Provide information such as annual turnover, reason for selling and a general description of the business.
3. We Will Sign An NDA
If we are interested in your business we will sign an NDA (Non-Disclosure Agreement).
Following the signing of an NDA you can disclose more detailed financial and legal information to enable us to better understand your business.
Whilst an NDA does not demonstrate intent to proceed with a purchase, it does allow both of us to share information confidentially so that both parties can determine if an opportunity exists.
4. You Will Need To Send Us Financial and Legal Information
We will need to find out more about the financials of your business in order to find out more about the health of the company.
As well as providing copies of annual reports submitted to Companies House we would need to understand more about how the business operates.
Information on customers, products and services, assets, suppliers and staff will be required so we have a detailed understanding of the business.
We would also need copies of bank statements and any outstanding creditors and tax liabilities.
We also need to understand more about the legal position of the company such as the contracts that you have with suppliers and the ownership of the company such as the major shareholders and their percentages.
5. We Will Send You A Business Sale Offer
If we are interested in buying your company we will send you a business sale offer.
6. Offer Approval & Business Sale Completion
Once you have approved your offer we do move very quickly.
If you are interested in selling your business to Pickaweb get in touch today.
Contact us using the form above.