Due Diligence – Investigating a Business for Acquisition
To define ‘Due diligence’ a simple way of looking at it is investigating a business and its assets for an acquisition. The term can mean a legal process but often involves a voluntary investigation of the business for sale.
Define Due Diligence – ‘Conducting an Investigation’
A due diligence investigation usually involves:
- An examination of the current business structure, processes, policies and practices.
- A series of questions to ask such as how much does the business cost?
- Looking into the future of the business.
The process of due diligence begins with a ‘Compatibility audit’ then includes a financial audit, macro-envionment audit, legal audit, marketing audit, production audit, management audit, informations systems audit and a reconciliation audit.
There are many other factors involved in how to define due diligence such as shareholder valuations but this covers the basic definition as it relates to business transactions and corporate finance.
His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m which sealed his status as one of the most highly respected tax consultants to ever work in Scotland.
Ricky led all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.
Ricky passed away suddenly and unexpectedly in June 2022 after leaving his indelible mark on the company he founded and headed for over 35 years.
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Ricky worked as an Investigator in the Inland Revenue for over 20 years before founding Steedman & Company in 1987, giving him the experience and knowledge that enabled him to help so many clients over the years.
His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m which sealed his status as one of the most highly respected tax consultants to ever work in Scotland.
Ricky led all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.
Ricky passed away suddenly and unexpectedly in June 2022 after leaving his indelible mark on the company he founded and headed for over 35 years.
