Selling your company
A living due diligence pack for a UK limited company, so the answer is already there when a buyer asks the question.
Who this is for: Owners of a UK limited company thinking about a sale.
What you get out of it
The pack gets built in the wrong fortnight
Most owners assemble a due diligence pack in the fortnight before a deal, from memory and a shared drive. That is exactly when the gaps surface, and a gap found under time pressure is a discount rather than a task. Nearly a third of UK sell side mandates are discontinued, and the reason most often given is the distance between what an owner believes the company is worth and what the evidence supports.
The fix is unglamorous. Build the pack over months, in small pieces, while nothing is at stake. snapdue exists to make that possible for somebody who is running a business rather than preparing to sell one.
What you actually do
Add your company by number and the public record arrives already structured. Officers, people with significant control, filings, charges and insolvency history are read straight from Companies House, and stay current.
Claiming the company opens the private half. Claiming means connecting it to HMRC, which proves you control the business rather than merely sharing a name with an officer on the register.
From there the pack is twenty four sections covering ownership, financial records, money owed and owing, contracts, people, property, intellectual property and compliance. Each section scores what is absent rather than congratulating you for what you have already filed, so the readiness number only moves when a real gap closes.
What a buyer asks for
Three things that move the price
The single most common discount driver in a small company sale is management accounts that do not reconcile to the filed statutory accounts. It is also the one nobody discovers until a buyer puts them side by side.
Second is the key person question. If the business cannot be described without you in the sentence, the price reflects that, and the answer is documented process rather than reassurance.
Third is anything about to surface. A lease break, a charge nobody remembered, a contract with a change of control clause. Each is survivable when it is raised early and expensive when a buyer finds it.