What snapdue is
snapdue keeps the paperwork a buyer will ask for in one place, and keeps it current. Half of it is read from the public Companies House record for you. The other half is the finite list of documents you either have or do not.
What a due diligence pack is
A due diligence pack is the folder of evidence a buyer asks for once they are seriously interested in buying your company. Accounts, contracts, the list of who owns what, the employment position, the tax position. Nothing exotic. It is the paperwork a well run company already has, gathered in one place and kept current.
Most owners assemble it under pressure, after a price has been agreed, while still running the business. That is where sales go wrong. The buyer asks a question, the answer takes eleven days to find, and the buyer starts wondering what else is missing.
snapdue turns that folder into a checklist you can work through a bit at a time, years before anyone makes an offer. Twenty four sections, each one a short form with a few documents attached to it.
Where the information comes from
Some of it is filled in for you. When you add a company, snapdue reads the public Companies House record and brings back the registered details, the officers, the filing history, any charges over the assets and any insolvency history. You never type those.
The rest is yours, because nobody else holds it. The register of members, the management accounts, the leases, the employment contracts, the insurance schedule. snapdue asks for each one in plain language and tells you why a buyer cares about it.
Two kinds of information in the pack
The two are never blended into one number. A buyer who cannot tell which is which stops trusting both, so snapdue keeps them visibly apart.
Why start before anyone asks
Because the questions do not change. The list a buyer works from is a known shape, and it is the same shape whether you sell next year or in five. Filling it in calmly over eighteen months costs a few hours a month. Filling it in during a live deal costs the deal, quite often.
There is also a second use for it that has nothing to do with selling. A company whose paperwork is complete is easier to borrow against, easier to insure, easier to hand to a successor, and much easier to hand to an accountant. Owners who never sell still benefit from knowing where everything is.
What snapdue does not do
snapdue does not value your company. It does not find you a buyer, negotiate for you, or replace a solicitor or an accountant. It does not give legal or tax advice, and nothing in this help centre is advice.
What it does is make sure that when a professional does get involved, they are handed a complete pack instead of four carrier bags of ring binders.