Insearch Ltd: Searching for a Company to Buy

By March 2022 Steve Webb had spent more than three years looking for a company to acquire. He was in final negotiations to buy a company, but he and the vendors did not see eye-to-eye on its valuation. Steve was also concerned about how to structure an offer. He was in a difficult financial situation: the search had lasted much longer than originally planned, the £250,000 of search capital had been spent, his company, Insearch Ltd, had outstanding legal bills, and it would take another £40,000 in legal and accounting fees to complete the transaction. He wondered if this was the time to get a “proper job”.