Advice on company purchase
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CFO / Director / COO / NED / Group financial controller / Accountant & Film, TV, Media , Music, Web Design Company
London
4389509027611690774275315433993496220832976046310268416105809221060706110700164
Description
Experience Level: Intermediate
I am looking for some advice on purchase of another company. At present, I have a limited company for my consultancy business. We are due to file company accounts at the end of the month, summarised as below:
Sales £89,250
Expenses £11,513
Milage £5,184
Salaries £12,570
Net Profit £59,983
The forecast is that we will have approximately the same turnover and profit next year.
I have the option to purchase another company, which currently has a £166k debt to shareholders fund, for approximately £12k.
I am looking for some advice on whether this would be a good investment and what information I would need to ask from the vendor to be comfortable that this is correct and to allow me to take advantage of this tax loss.
Is this something you can do for me?
Conor B.
100% (1)Projects Completed
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Last project
10 Jul 2023
United Kingdom
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