What are the main assets of the business?
Vehicles; monitoring equipment, and firearms.
Are any items not included in the sale?
All operational assets will form part of the sale with the exception of the private vehicles which is currently owned and financed via the business. See vehicles marked in yellow on the vehicle list. (5 private vehicles)
Do any require repairing?
None. Regular maintenance and repairs are being performed on all assets and they are in good operational condition.
How have they been valued ?
Owner's valuation with regards to vehicles and firearms. Other assets as per financial statements.
Which assets are on lease/HP and with whom?
A number of vehicles used in the operation are subject to finance agreements with a number of financial institutions. Detailed information is on file and will be made available during the due diligence process.
What are their settlement amounts?
This is an ever moving figure and will have to be established being the due diligence process.
Will Seller settle or Buyer to take over?
The buyer will have to take over the finance agreements.
Are copies of agreements available?
Copies of agreements will be made available during the due diligence process. The accountant keeps an up to date record of all changes in the asset register and have all finance contracts on file.
Are they presently insured?
All assets and business risks are comprehensively insured.