{"id":4958,"date":"2022-05-10T14:59:53","date_gmt":"2022-05-10T13:59:53","guid":{"rendered":"https:\/\/www.langricks.com\/?p=4958"},"modified":"2022-05-10T15:00:12","modified_gmt":"2022-05-10T14:00:12","slug":"vendor-assist","status":"publish","type":"post","link":"https:\/\/dev.withcreative.co.uk\/langricks\/vendor-assist\/","title":{"rendered":"Get your ducks in a row"},"content":{"rendered":"<p>Being ready for a business sale before the process begins is fundamental to a smooth transaction.<\/p>\n<h3>Being ready for sale means:<\/h3>\n<hr \/>\n<p><strong>Historical data<\/strong><\/p>\n<p>You should have good monthly historical management accounts, with profit and loss account, balance sheet, cash flow and key performance indicators.\u00a0These should reconcile to the year end statutory accounts.<\/p>\n<hr \/>\n<p><strong>Transaction<\/strong><\/p>\n<p>You should be able to articulate any one off, non-recurring transactions that you have had in your business that can be an adjustment to your EBITDA.<\/p>\n<hr \/>\n<p><strong>Operating cash<\/strong><\/p>\n<p>You should know how much cash your business needs to operate and whether there is any surplus cash that belongs to the shareholders &#8211; this sounds easy but it is subjective and you need to be ready with a strong argument to defend your view.<\/p>\n<hr \/>\n<p><strong>Strategy<\/strong><\/p>\n<p>You should have a clearly articulated strategy going forward, with detailed numbers reflecting this. With our experience, we can help challenge your strategy.<\/p>\n<hr \/>\n<h3>Experience matters<\/h3>\n<p>In order to be able to deliver the above well, we believe that your advisor should have a strong background and not just have worked in practice, working on the theory. This is where Langricks stand out.<\/p>\n<p>Our founder Chris Langrick has not only worked in the KPMG Transaction Services Team, working on some fantastic transactions, including the flotation of Moneysupermarket.com, he has worked overseas as a Finance Director in industry, listing an oil and gas business on the UK stock exchange whilst having also been through the process of acquiring a business directly himself.<\/p>\n<p>At Langricks we help companies and business owners plan and exit their business through a simple but methodical approach to achieve maximum value.<\/p>\n<p>If your end goal is to sell the business you need to start getting your ducks in a row now to maximise the value and iron out any potential issues before they are seen within the sales process.<\/p>\n<hr \/>\n<p><strong>Don&#8217;t just take our word for it see for yourself&#8230;<\/strong><\/p>\n<div  data-slideshow-options=\"{&quot;animation&quot;:&quot;fade&quot;,&quot;autoplay&quot;:false,&quot;loop_autoplay&quot;:&quot;once&quot;,&quot;interval&quot;:5,&quot;loop_manual&quot;:&quot;manual-endless&quot;,&quot;autoplay_stopper&quot;:false,&quot;noNavigation&quot;:false,&quot;show_slide_delay&quot;:90}\" class='avia-content-slider avia-content-grid-active avia-content-slider1 avia-content-slider-odd  avia-builder-el-0  avia-builder-el-no-sibling  av-slideshow-ui av-control-default   av-no-slider-navigation av-slideshow-manual av-loop-once av-loop-manual-endless '  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/Blog\" ><div class=\"avia-content-slider-inner\"><div class=\"slide-entry-wrap\"><article class='slide-entry flex_column  post-entry post-entry-3705 slide-entry-overview slide-loop-1 slide-parity-odd  av_one_third first real-thumbnail posttype-page post-format-standard'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><a href='https:\/\/dev.withcreative.co.uk\/langricks\/bigchange\/' data-rel='slide-1' class='slide-image' title='BigChange &#8211; A Big Change ahead with new investment valuing the business at 100 million'><img decoding=\"async\" fetchpriority=\"high\" width=\"495\" height=\"495\" src=\"https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2021\/02\/BigChange-Martin-Port-495x495.jpg\" class=\"wp-image-3710 avia-img-lazy-loading-not-3710 attachment-portfolio size-portfolio wp-post-image\" alt=\"\" srcset=\"https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2021\/02\/BigChange-Martin-Port-495x495.jpg 495w, https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2021\/02\/BigChange-Martin-Port-80x80.jpg 80w, https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2021\/02\/BigChange-Martin-Port-36x36.jpg 36w, https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2021\/02\/BigChange-Martin-Port-220x220.jpg 220w\" sizes=\"(max-width: 495px) 100vw, 495px\" \/><\/a><div class=\"slide-content\"><header class=\"entry-content-header\" aria-label=\"Slide: BigChange - A Big Change ahead with new investment valuing the business at 100 million\"><h3 class='slide-entry-title entry-title '  itemprop=\"headline\" ><a href='https:\/\/dev.withcreative.co.uk\/langricks\/bigchange\/' title='BigChange &#8211; A Big Change ahead with new investment valuing the business at 100 million'>BigChange &#8211; A Big Change ahead with new investment valuing the business at 100 million<\/a><\/h3><span class=\"av-vertical-delimiter\"><\/span><\/header><div class='slide-entry-excerpt entry-content'  itemprop=\"text\" ><div class=\"read-more-link\"><a href=\"https:\/\/dev.withcreative.co.uk\/langricks\/bigchange\/\" class=\"more-link\">Read more<span class='more-link-arrow avia-svg-icon avia-font-svg_entypo-fontello' data-av_svg_icon='right-open-big' data-av_iconset='svg_entypo-fontello'><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"15\" height=\"32\" viewBox=\"0 0 15 32\" preserveAspectRatio=\"xMidYMid meet\" role=\"graphics-symbol\" aria-hidden=\"true\">\n<path d=\"M0.416 27.84l11.456-11.84-11.456-11.904q-0.832-0.832 0-1.536 0.832-0.832 1.536 0l12.544 12.608q0.768 0.832 0 1.6l-12.544 12.608q-0.704 0.832-1.536 0-0.832-0.704 0-1.536z\"><\/path>\n<\/svg><\/span><\/a><\/div><\/div><\/div><footer class=\"entry-footer\"><\/footer><span class='hidden'>\n\t\t\t\t<span class='av-structured-data'  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" >\n\t\t\t\t\t\t<span itemprop='url'>https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2021\/02\/BigChange-Martin-Port.jpg<\/span>\n\t\t\t\t\t\t<span itemprop='height'>577<\/span>\n\t\t\t\t\t\t<span itemprop='width'>1024<\/span>\n\t\t\t\t<\/span>\n\t\t\t\t<span class='av-structured-data'  itemprop=\"publisher\" itemtype=\"https:\/\/schema.org\/Organization\" itemscope=\"itemscope\" >\n\t\t\t\t\t\t<span itemprop='name'>admin1<\/span>\n\t\t\t\t\t\t<span itemprop='logo' itemscope itemtype='https:\/\/schema.org\/ImageObject'>\n\t\t\t\t\t\t\t<span itemprop='url'>https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2026\/03\/langricks-logo-26.jpg<\/span>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/span><span class='av-structured-data'  itemprop=\"author\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/Person\" ><span itemprop='name'>admin1<\/span><\/span><span class='av-structured-data'  itemprop=\"datePublished\" datetime=\"2022-05-10T14:59:53+01:00\" >2021-02-26 00:37:42<\/span><span class='av-structured-data'  itemprop=\"dateModified\" itemtype=\"https:\/\/schema.org\/dateModified\" >2022-03-23 16:23:12<\/span><span class='av-structured-data'  itemprop=\"mainEntityOfPage\" itemtype=\"https:\/\/schema.org\/mainEntityOfPage\" ><span itemprop='name'>BigChange &#8211; A Big Change ahead with new investment valuing the business at 100 million<\/span><\/span><\/span><\/article><article class='slide-entry flex_column  post-entry post-entry-1458 slide-entry-overview slide-loop-2 slide-parity-even  post-entry-last  av_one_third  real-thumbnail posttype-page post-format-standard'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><a href='https:\/\/dev.withcreative.co.uk\/langricks\/about\/clients\/case-studies\/nutravet\/' data-rel='slide-1' class='slide-image' title='Nutravet &#8211; Being prepared for sale adds real value'><img decoding=\"async\" fetchpriority=\"high\" width=\"495\" height=\"495\" src=\"https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2021\/01\/nutravet-casestudy-495x495.jpg\" class=\"wp-image-766 avia-img-lazy-loading-not-766 attachment-portfolio size-portfolio wp-post-image\" alt=\"\" srcset=\"https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2021\/01\/nutravet-casestudy-495x495.jpg 495w, https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2021\/01\/nutravet-casestudy-80x80.jpg 80w, https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2021\/01\/nutravet-casestudy-36x36.jpg 36w, https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2021\/01\/nutravet-casestudy-220x220.jpg 220w, https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2021\/01\/nutravet-casestudy-845x845.jpg 845w\" sizes=\"(max-width: 495px) 100vw, 495px\" \/><\/a><div class=\"slide-content\"><header class=\"entry-content-header\" aria-label=\"Slide: Nutravet - Being prepared for sale adds real value\"><h3 class='slide-entry-title entry-title '  itemprop=\"headline\" ><a href='https:\/\/dev.withcreative.co.uk\/langricks\/about\/clients\/case-studies\/nutravet\/' title='Nutravet &#8211; Being prepared for sale adds real value'>Nutravet &#8211; Being prepared for sale adds real value<\/a><\/h3><span class=\"av-vertical-delimiter\"><\/span><\/header><div class='slide-entry-excerpt entry-content'  itemprop=\"text\" ><div class=\"read-more-link\"><a href=\"https:\/\/dev.withcreative.co.uk\/langricks\/about\/clients\/case-studies\/nutravet\/\" class=\"more-link\">Read more<span class='more-link-arrow avia-svg-icon avia-font-svg_entypo-fontello' data-av_svg_icon='right-open-big' data-av_iconset='svg_entypo-fontello'><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"15\" height=\"32\" viewBox=\"0 0 15 32\" preserveAspectRatio=\"xMidYMid meet\" role=\"graphics-symbol\" aria-hidden=\"true\">\n<path d=\"M0.416 27.84l11.456-11.84-11.456-11.904q-0.832-0.832 0-1.536 0.832-0.832 1.536 0l12.544 12.608q0.768 0.832 0 1.6l-12.544 12.608q-0.704 0.832-1.536 0-0.832-0.704 0-1.536z\"><\/path>\n<\/svg><\/span><\/a><\/div><\/div><\/div><footer class=\"entry-footer\"><\/footer><span class='hidden'>\n\t\t\t\t<span class='av-structured-data'  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" >\n\t\t\t\t\t\t<span itemprop='url'>https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2021\/01\/nutravet-casestudy.jpg<\/span>\n\t\t\t\t\t\t<span itemprop='height'>1067<\/span>\n\t\t\t\t\t\t<span itemprop='width'>1600<\/span>\n\t\t\t\t<\/span>\n\t\t\t\t<span class='av-structured-data'  itemprop=\"publisher\" itemtype=\"https:\/\/schema.org\/Organization\" itemscope=\"itemscope\" >\n\t\t\t\t\t\t<span itemprop='name'>admin1<\/span>\n\t\t\t\t\t\t<span itemprop='logo' itemscope itemtype='https:\/\/schema.org\/ImageObject'>\n\t\t\t\t\t\t\t<span itemprop='url'>https:\/\/dev.withcreative.co.uk\/langricks\/wp-content\/uploads\/2026\/03\/langricks-logo-26.jpg<\/span>\n\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/span><span class='av-structured-data'  itemprop=\"author\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/Person\" ><span itemprop='name'>admin1<\/span><\/span><span class='av-structured-data'  itemprop=\"datePublished\" datetime=\"2022-05-10T14:59:53+01:00\" >2021-01-13 16:19:28<\/span><span class='av-structured-data'  itemprop=\"dateModified\" itemtype=\"https:\/\/schema.org\/dateModified\" >2021-04-29 11:39:43<\/span><span class='av-structured-data'  itemprop=\"mainEntityOfPage\" itemtype=\"https:\/\/schema.org\/mainEntityOfPage\" ><span itemprop='name'>Nutravet &#8211; Being prepared for sale adds real value<\/span><\/span><\/span><\/article><\/div><\/div><\/div>\n<hr \/>\n<p>Get your business ready for sale with Langricks Vendor assist solutions.<\/p>\n<p><a href=\"https:\/\/www.langricks.com\/selling-a-business\/\"><strong>See how we can help sell your business<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Being ready for a business sale before the process begins is fundamental to a smooth transaction. Being ready for sale means: Historical data You should have good monthly historical management accounts, with profit and loss account, balance sheet, cash flow and key performance indicators.\u00a0These should reconcile to the year end statutory accounts. Transaction You should [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4962,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-4958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog-articles"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Get your ducks in a row - Langricks Chartered Accountants and Business Advisers<\/title>\n<meta name=\"description\" content=\"Get your business ready for sale with Langricks Vendor assist solutions for businesses looking for help prior to a business sale\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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