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Due Diligence

If you require assistance with the Due Diligence process, Blacks Solicitors’ Corporate team can help.

Due Diligence is an in-depth assessment of a business based on a number of questions and queries put to the seller in the form of a questionnaire. A report is then produced by the solicitors of a potential buyer of a business in order for the buyer to understand the assets, liabilities, and commercial prospects of the company and to satisfy themselves the price they are paying for the business is justified.

Due Diligence is fundamentally a process of risk management and sellers are under no obligation to disclose defects relating to the business. Buyers must always conduct their own investigation into the prospective business, however as part of the transaction process our Corporate team will ensure our clients are well protected with warranties, indemnities and covenants.

How we can help

Our expert Corporate team can assist you in preparing a detailed list of enquiries relating to your purchase – the Due Diligence Questionnaire. The Questionnaire will be tailored to the specifics of the business you are buying in order to ensure any potential risks are identified.

We can then prepare a Report in relation to the responses given which will help you make an informed decision about the purchase of the target business and the price you are paying for it.

Legal, commercial, and financial due diligence of any target business is essential and we would work closely with you, your acquisition team, and your corporate finance advisers to ensure a thorough and complete due diligence exercise is undertaken in respect of the target business.

Frequently Asked Questions

What aspects of the business will the Due Diligence Questionnaire cover?

Each Questionnaire will be bespoke, depending on the nature of the deal. Some typical areas which are covered include:

  • The officers/shareholders of the company
  • The accounts/financials
  • Major contracts with customers and/or suppliers
  • Tax
  • Assets
  • Any group companies
  • Employees
  • Computer systems (software and hardware)
  • Intellectual Property
  • Real Estate
  • Disputes/Litigation
  • Consents and licences

How and in what form is the relevant information collected?

This is dependent on the type of deal and the extent of the enquiries made. Usually, the questions will be answered in writing in reply to the Questionnaire (i.e. the replies will correspond with the numbering of the questions on the Questionnaire).

Where an answer to a question requires documentation there are multiple options. The first is to input the documents into a virtual data room. This is usually the best option where there is a large volume of documents to be added. The second and more traditional option is to produce a hard copy bundle of documents. However email attachments can also be used to send over documentation.


For more information on the above, or to find out how Blacks Solicitors’ Corporate team can assist you with the Due Diligence process, please email or call us today on 0113 207 0000.

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What our clients say

  • The team are extremely professional and approachable and most of all they are always available to communicate and provide realistic proactive advice for the real world – not just that from a text book.

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  • Nigel Hoyle and Alex Hall showed tremendous levels of commitment to the role, attention to detail and diligence in ensuring the end result was achieved within their clients’ expectations.

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  • Lewis Goodwin has a breadth of knowledge and the ability to manage complex and diverse issues.

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  • Dave Paterson has exceptional communication skills and always provides practical, real-world advice alongside the legal position. Very good at empathising with clients and helping get the job done.

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  • The team really gets to know clients and works hard to understand their business and their transaction. Very personal service. Fantastic for MBOs, trade acquisitions and disposals.

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  • The team at Blacks Solicitors is both friendly and professional. Its most important characteristic, however, is that it gets results and produces positive outcomes. The team works across disciplines and can therefore provide a holistic service. It is also widely experienced and has a very positive reputation across the city of Leeds.

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  • Really personable service, no-nonsense talk in simple terms, trusted advisers.

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  • A friendly and approachable team with good values.

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  • Blacks Solicitors LLP‘s corporate team is open and approachable at all times, with a practical no-nonsense approach.

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  • David Paterson gives excellent guidance based on his experience from dealing with similar issues.

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  • Nigel Hoyle thinks through the ultimate impact and reassures clients with his all-round knowledge.

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  • Blacks Solicitors LLP‘s corporate practice acts as though every client is the only client it has, making clients feel special and at ease.

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  • The corporate team at Blacks Solicitors LLP is approachable, forward thinking and able to express itself in language that clients are able to understand.

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  • Blacks Solicitors LLP is very professional and technically very good, yet approachable and friendly.

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  • Dave many thanks and again we are indebted to you and your team.

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  • Thank you to you and your team for your help to date, which as always has been very timely and professional. We greatly appreciate the friendly service that you provide at Blacks.

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  • Just wanted to say a huge thank you for your support over the past months and helping me get some great advice and service. You went the extra mile for me resulting in a contract I was very happy with.

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  • Dave, we have been impressed and reassured by you and your team. My part in the sale has been minor in the extreme but I know my partner has been helped greatly by your advice, guidance and direction.

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