Dont Forget Your Accountancy Due Diligence

Don’t Forget Your Accountancy Due Diligence…

Picture this… You have decided you want to spend some of your hard earned cash on a spanking new car!

So you go down to the dealership and tell them you want to treat yourself and you aren’t afraid to splash out a little extra for that sparkling new paint job or the gleaming new wheels…

You tell the salesman to add all the fun little optional extras that cost a little bit more but hey…

Why not… You work hard and you deserve this!

You’ve picked out your slick new motor, you’ve taken it for a spin and now you are completely and utterly sold…

And without further delay, you’ve signed on the dotted line and handed over a pretty penny!

As you drive off the forecourt, you are ecstatic… You even feel like a new person, such is the confidence that driving this powerful and beautiful machine gives you!

But…. When you were looking around your new ride, did you think to check under the hood?

Let’s cut to 6 months later…

The engine warning light keeps flashing on, you have a constant oil leak… There is a rattling noise that is driving you to distraction and you are suspicious that you could have faulty brakes!

And after taking the car to your trusted mechanic, you find that not only does it have a multitude of problems, it is unsafe to drive and needs an obscene amount of money spending on it just to get it back on the road!

Your expensive investment that you thought would last you, has turned into a financial and logistical nightmare…

And, the point I am driving home here is… If you had done a thorough check of the shiny new motor before signing your cash away, you would have realised that it was in fact a wreck!

Now apply that scenario to your acquisition of an Accountancy business without doing any due diligence…

…Because after you have committed your signature and a big cash sum to your acquisition you cannot go back afterwards if you find the business wasn’t what you thought it was!

Firm and resolute due diligence by you the acquirer, is key to finding out what might be lurking underneath the surface of a sellers fancy crisp letterhead and impressive offices. And if you click here to read our eBook, you will find a checklist of information that you should expect to see in the initial stages of the acquisition…

And it is in the early stages of acquisition that you mustn’t be afraid to ask questions, which the seller must answer…

… If they have gaps in their service history… then why? The reason could be a deal breaker and you need to put the right amount of pressure in their proverbial tyres to get the answers you need…

… To make an informed decision as to whether this will be a lucrative and successful investment. Let our eBook on Five Ways Not to Buy an Advisory Firm be your manual on the road to a successful Accountancy Business acquisition, click here to get your copy now!   

Because due diligence is a priority and not doing it could de-rail your chance at success!

Best Wishes,

Stephen Hagues

PS. After taking 10 minutes to read our eBook, don’t be surprised to learn that there is more information to unlock on your road to Accountancy acquisition. If you want to make that road even more smooth sailing, then click here to have a no obligation chat to one of our highly trained consultants who can help you protect your future investments.