Is the business VAT Registered?
Yes the business is registered for VAT.
What VAT documentation is on file?
All VAT documents are available for due diligence
Are there up-to-date Management Accounts available?
Yes every month up to date management accounts are available.
What Balance Sheet and Income Statements are available?
The balance sheet and income statement for the year and monthly is available.
What percentage of the business is cash/credit?
Roughly 70 percent of the business is cash and 30 percent credit.
What is the age analysis of the debtors book?
The aging of the debtors book is 30 days.
How could the profitability of the business be improved?
Advertising of the business will definately have an positive impact on the business profitability.
Contract work with Government can also increase profitability but due to the current cash flow situation of the Government the current owner did not venture into that possibility.
Is Seller finance available and for what amount?
Yes - seller financing can be considered and can be discussed with potential purchasers. It will however depend on security given.