The Process Made Simple

The process is simple. We have done this before and know how to make it work successfully. We have stringent procedures to deal with due diligence. We can make it happen swiftly and efficiently and we know it is important to be discreet.

We work with industry leading advisors to assist with all acquisitions:

• Vantis Group - a leading publicly traded accountancy firm specialising in M&A and businesses in the IT sector
• Fladgate LLP - one of London's leading law firms specialising in technology and M&A

It starts with your call and ends with you getting your cheque. Here's how it works.

1. Company Interest:

• BuymyIT.biz will make contact with you to arrange a short telephone conversation and informal chat introducing BuymyIT.biz and to do a quick and easy fact-find about your business.

2. Meet the MD:

• Schedule a meeting at the BuymyIT.biz offices to discuss further.
• Meet the MD and discuss the potential opportunities, price, terms and relevant information that is required for the potential acquisition.

3. Due Diligence: BuymyIT.biz will carry out the necessary due diligence on your company which will normally cover:

• customers
• suppliers
• profitability, growth
• sales product mix
• past 2-3 years accounts and other financials
• existing contracts and liabilities
• accruals
• deferred income
• warranties
• key personnel
• skills and qualifications
• after sales support
• customers management
• terms of existing business
• patents and intellectual property
• stocks and assets assessment
• pricing structure
• marketing strategy including website and advertising

4. Questions & Answers:

• Clarifying details, finding more necessary information and discuss further steps

5. Valuation:

• Full consideration and weighting up all relevant factors.
• Preliminary BMITB valuation.

6. Further meeting with MD:

• Finalizing findings and clarifying any issues and potential problems.
• Informal offer based on preliminary BMITB valuation.
• Clarifying terms of payment and all other acquisition conditions.

7. Letter of intent:

• Drawing up solicitor's letter and making an official offer to acquire business.
• Making last changes by acquirer and vendor.
• Issuing final version of document and signing it.

8. Contract Completion:

• Signing formal contracts.
• Completing the acquisition.

9. Follow Up:

• Assessing performance of takeover company and revaluation.
• Performance measurement and changes.
• Payment of deferred consideration.
• Completing final payment.