London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

The case for due diligence

I have been reading the press coverage on Rangers' administration.   It made me think once again of just how important it is to know what you are buying. I am not suggesting for one moment that proper due diligence was not undertaken on the last acquisition of the football club.  

But any buyer can come across issues.  In any instance when buying a business proper due diligence - accounts, commercial and tax - needs to be undertaken.  If you are looking at buying a business with tax issues you need to know not only the worst case position and the likelihood of that becoming reality, but also the likely time and hassle involved in dealing with HMRC.  The recent media coverage indicates that the Rangers issues are more about legal costs and uncertainty than actual tax numbers.

 

 

Date: 2nd March, 2012
Author: Cathy Corns

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

“Good luck to everyone who has also made it as a finalist, I look forward to awards evening later on in the year”-L… twitter.com/i/web/status/8…

Michael Lapham shortlisted in the Money Management Financial Planner Awards 2017 bit.ly/2fL8VXBtwitter.com/i/web/status/8…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn