Stanley Strategic Consultants LLP Business manage
risk
Business risk and operations
Whatever position your company is in a regular review of your Risk Management Strategy is advised so that not only are the Risks identified but also 'treated' so that your agency remains agile, compliant, and well-prepared for whatever challenges which may arise.
Check out our Blog pages for free downloadable eBook and Spreadsheet to carry out your own Business Impact Analysis. Or contact us to help you.
Sellers: If you are selling your business you will need to present it so that your buyer will be able to run it knowing that it is safe and compliant. The review prior to presenting this information will help you with risk management to help achieve the best value. Under a contract of sale if there are non-compliance issues found by the buyer during or after sale it will likely affect the sale price, any retention monies, claims on warranties and indemnities or even jeopardise the sale.
We will work with you to gather information on how your company is run so that the new owner can manage it to your advantage following sale, as well as making sure you have the systems, processes, and documents in place for the "Acquisition Due Diligence checks" that the buyers solicitors will require you to perform. These are to make sure that your business is safe and compliant, so that they buyer is comfortable with the risk they are taking on, and will facilitate the handover of the business and its continued success following sale.
Remember that there is likely to be a retention of a quite large amount of money from the sale for around 12 months on the basis that the property numbers or commission turnover remains within a given parameter. Your business is sold as a going concern and you need to ensure that the buyer knows your clients and your systems and procedures of work as well as you do.
In addition, we can help you with the gathering, reviewing, and reporting on the information required by your buyers and the further due diligence questions likely to be asked by them. Using our experience will ensure this process runs smoothly. Early assistance may help you mitigate any areas not quite as you would wish.
If you would like to know the general process for selling a Lettings/Estate Agency business and further information on the three steps to selling your business or having a compliance review then please contact us for our Prospectus.
You will see the 14 step selling process which could take place within a period of weeks or months. The more you have prepared beforehand the quicker the sale will progress.
It can feel like a full time job dealing with the sale process, all whilst keeping it quiet from your staff and clients, and undertaking your normal role within the business. You may be dealing with an acquisitions team on the buyers side and a number of people will be asking you for information at the same time!
That's where working with Stanley Strategic Consultants LLP can really help you. We can guide you on each step of the sale, helping you to prepare your business, records and procedures so that you have everything ready for the sale, this can save you time, allow you to continue working in your business and help you to keep your stress levels down!
Buyers - We can help with your acquisitions. Careful purchasing and knowing exactly what potential liabilities you are taking on is imperative for the future growth of your business. You will be purchasing the business as a going concern - worts and all so you need to be prepared. Requesting the right information, indemnities and warranties will help keep your investment safe.
We can undertake a compliance review of the sellers property portfolio and review their company compliance and business protection. We will advise you on the Acquisition Due Diligence stage: raise enquiries seeking evidence of operations and finances by way of a matrix of spreadsheets for review and your further instruction.
Again, this is a full time job for what can be a substantial period of time. Its important to reveiw all of the information carefully, be prepared for what you are taking on, and be ready to absorb this new business into your existing one, with all the required procedures ready so that you maintain great customer service with the new clients.
Working with Stanley Strategic Consultants LLP can help project manage or assist you ask the right questions, review the evidence and advise you on compliance and risk issues and the action you can take. We act as a bridging service between your Solicitors and Accountants because we can be on the ground floor of the business you are buying and actually reviewing the portfolio and documentation.
Contact us for a Prospectus today.