Making a company as saleable as possible is complex. From a standing start, many companies will take at least three years to structure and position the business to maximise its value – not just the right leadership and succession plans, but the strongest systems, processes, contracts and culture must also be fully embedded if value is to be realised. Many businesses will also have certain legacy issues that need to be resolved, some which will be simple to address, others which will take time or have risks attached.
In its latest article on how shareholders can maximise returns on a sale of their business, Insider considers what issues should be reviewed in preparation for the sale. A range of advisers from M&A solicitors – including Simon Hore, corporate partner at Thrings - corporate financiers and private equity houses joined the discussion, concluding that businesses can never prepare too soon.