business for sale

[ojock]

I've been getting a few unsolicited letters from companies offering to help me sell my business. Apparently there is surge in buyer interest, blah, blah, blah.

Has anyone had experience of these companies? What are they about, how do they work? Obviously I'm assuming they'll get a commission from any sale, but wonder what the pros/cons of selling with them as oppose to just closing the company and going down the entrepreneur relief route.

I'm a one man band IT contractor company, all I have really in terms of company assets is cash, why would there be keen buyers? Without me, the business is just cash shell.

It is good timing in that I've just accepted a permanent role and now need to consider what I'm going to do with my company.

[northernladuk]

They are spamming you from your address on Companies House. Just like you get spammed by builders when your planning permission is granted on the development sites.

You have nothing to sell (assuming you are a standard contractor) so bin them.

Also get your company registered address changed to your accountant (if they offer this service) and you won't have to deal with any mail.

It's not good timing as you have nothing sell. Speak to your accountant and he will advise the best method depending on how much is in the company.

[TykeMerc]

I've been getting a few unsolicited letters from companies offering to help me sell my business. Apparently there is surge in buyer interest, blah, blah, blah.

Has anyone had experience of these companies? What are they about, how do they work? Obviously I'm assuming they'll get a commission from any sale, but wonder what the pros/cons of selling with them as oppose to just closing the company and going down the entrepreneur relief route.

I'm a one man band IT contractor company, all I have really in terms of company assets is cash, why would there be keen buyers? Without me, the business is just cash shell.

It is good timing in that I've just accepted a permanent role and now need to consider what I'm going to do with my company.

It's just spam, they've no idea how large your company is nor what you do.

They've probably scraped your company name and address off Companies House and are hoping for some clients. That or they're scammers looking to defraud you in some way.

[MrMarkyMark]

but wonder what the pros/cons of selling with them as oppose to just closing the company and going down the entrepreneur relief route.

Go for it, next year we will be millionaires, Rodney.

[BrilloPad]

You didn't realize that was spam?

Why not ditch your ltd and go through BrilloSolutions? It is QC guaranteed. HMRC guaranteed. Only 7.76% tax(complex calculation based on tax laws). Just arrange for your invoices to be sent to my bank account and I will do the rest.

[MrMarkyMark]

You didn't realize that was spam?

Why not ditch your ltd and go through BrilloSolutions? It is QC guaranteed. HMRC guaranteed. Only 7.76% tax(complex calculation based on tax laws). Just arrange for your invoices to be sent to my bank account and I will do the rest.

Where do I sign

[philip@wellwoodhoyle]

What are they about, how do they work? Obviously I'm assuming they'll get a commission from any sale

That's not how business sale agents work. Many charge up front fees for "advertising" which are usually heavily inflated. So you end up out of pocket if they can't sell. In fact, some make their money from the up front fees - it's their business model. The more unscrupulous ones will tell you that they have buyers on their books just waiting for a business like yours and some will give you an inflated valuation to suck you in. They con you into thinking you'll get a huge wad of money for it, charge you a few K for their up front costs, and then the buyers will mysteriously disappear.

[northernladuk]

I can't help thinking that someone that thinks their one man contracting business is worth selling doesn't quite understand what they are doing.

[fullyautomatix]

Oh dear .