Advice and support throughout the acquisition of Natter Cafe
Last year Roffe Swayne’s corporate finance team supported the acquisition of Natter Cafe Limited, a popular café based in Farncombe, Surrey.
We were engaged to undertake financial and tax due diligence on the target company and provide supplementary corporate finance advisory services. Our due diligence report was written on an exception basis and outlined the main areas of concern where the buyers should seek additional protection from the legal documentation. Our work also highlighted matters our client was able to use to in order to secure a lower overall purchase price.
Alongside our due diligence work we were also mandated to provide input into the financial aspects of the sale and purchase agreement and draft completion accounts in accordance with that document.
Following completion of the transaction we have been working closely with the new owners providing a full range of services including accounting, corporate tax, payroll and VAT advisory. We look forward to continuing to support the new owners and wish them every success in the future.
Testimonial from Mark Oates, Owner of Natter Cafe Limited
“I would like to say a big thank you to James Wood and the Roffe Swayne team for assisting my wife Jo and myself through the Natter Cafe Limited acquisition transaction.
This was a new venture for us and as a result we required significant support throughout the process.
During due diligence James identified a number of issues that we had not previously been made aware of by the seller and her accountant and this insight resulted is us being able to negotiate a more competitive purchase price. James always made himself available throughout the process and gave clear advice. He also worked well with our legal advisors at Barlow Robbins to deliver a successful transaction for us.
Roffe Swayne’s due diligence work meant that we were much better prepared when we picked up the reins of the business and we are grateful to James and the rest of the team for their detailed work on completion accounts and their ongoing support post-completion in helping us to establish ourselves in the smooth operation of the business in particular around the areas of payroll, pensions, the quarterly VAT return and associated balance sheet account reconciliations.”