Stonebrook Ventures Ltd is a wholly owned subsidiary of Strategic Op Co 2 Ltd and will be referred to as “SVL”.
“The client” will be the business engaged with, whether it be in person, by telephone, online or in writing.
SVL’s aim is to support and help you achieve your goals, whether it be to:
(a) GROW YOUR BUSINESS
(b) PROTECT YOUR BUSINESS
(c) SELL YOUR BUSINESS – now or in the future.
To achieve your desired goal we will allocate a ‘Non-Exec’ to you and your business for an agreed period of time and with a clear targeted outcome. The Non-Exec is an experienced Business Executive who has significant experience of having gone through the above process both for themselves and with clients.
Where you want to sell your business we will appoint an ‘M&A Advisor’ who will support you from beginning to end of your journey until the completion – when the money from the sale of your business is in the bank.
1.Non-Exec:
Your Non-Exec will work closely with you to ensure that the necessary plans are put in place to ensure you achieve your goals and will work with you along the way to ensure that your business is on track to achieve them.
The client will provide such assistance and facilities as may be reasonably required by SVL to expedite and complete the programmes.
2. Confidentiality and Non-Solicitation:
The relationship and the work activities being conducted between SVL and the client will remain strictly confidential at all times by both parties.
The client and SVL undertake – unless otherwise agreed in writing – not to employ directly or indirectly any Non-Exec’s, M&A Advisor’s, agents, consultants, associates or employees of the other for a period of one year after any assignments are completed.
If a current or former representative or employee of SVL is recruited or engaged by the client in any capacity outside of a direct relationship between SVL and the client, a recruitment fee of £10,000 will become immediately due and payable to SVL by the client unless otherwise agreed in writing by the Directors of SVL.
3. SVL fee structure
GROW AND PROTECT YOUR BUSINESS
Our standard rates are £950 per day plus expenses and VAT. We can reduce the daily rate where we agree an annual contract/project or by taking a % stake in your business subject to agreement by both parties.
Where expenses are incurred these will be invoiced for reimbursement – rail fares, mileage (45ppm), overnight accommodation – plus a £25 subsistence allowance for each overnight stay.
If pre-arranged Consultancy dates are cancelled at short notice leaving insufficient time to arrange replacements SVL reserve the right to invoice the client as follows:
Over 7 days’ notice of cancellation: 0% fee charged
Over 3 days but less than 7 days cancellation: 50% fee charged
Over 24 hours but less than 3 days cancellation: 80% fee charged
Under 24 hours 100% fee charged
SELL YOUR BUSINESS
If you want us to find you a buyer to purchase your company we will prepare the Initial Valuation, put together the Information Memorandum, conduct all advertising and marketing, set up sales meetings, handle negotiations with buyers and get you to HEADS OF TERMS with the buyer – in return for an initial listing fee plus success fee as follows:
(a) Listing Fee £3,000 plus 3% of the total consideration.
The success fee is payable at point of completion.
(b) Where we work with you to ‘sell’ the business to an Employer Ownership Trust the same fee structure will apply at completion.
4. SVL Standard payment terms:
(a) For new clients, SVL payment terms are immediate payment on first piece of business and ‘within 14 days’ thereafter unless agreed otherwise between the client and the Directors.
(b) Should payment not be received as agreed, SVL may at its sole discretion cease work and cancel the engagement without refund or any liability whatsoever. Such cancellation does not release the client from their liability to pay all outstanding amounts plus late payment charges due to SVL.
(c) As per government guidelines SVL reserves the right to charge interest on overdue balances at the rate of 8% per annum and claim debt recovery costs of £40 (up to £1,000 owing), £70 (up to £10,000 owing) or £100 (£10,000 or more) for each payment that becomes outstanding beyond 30 days.
(d) Payment of all invoices should be made to SVL by BACS transfer.
It is expressly provided/agreed between parties that any dispute arising from this or any subsequent engagement will be govern