One of the reasons I’ve often bought businesses out of receivership is because you can automatically dispense with a lot of overheads. If you buy a business before it goes into receivership, you have to take on all its assets, all its liabilities, all its loss-making and then it’s very difficult to turn it around. You’ve got a lot more room to manoeuvre when you’re buying a company from receivership because all you buy are the assets, the goodwill and the equipment to carry on the business; you don’t take on the liabilities.
Bookmarks