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Before we embark on any project we provide all our clients with:
- An initial free first meeting or free discussion over the phone via our membership scheme.
- A Quotation and Terms of Business with our Disclaimer - Sent Via E-Mail.
We often will charge a fee plus a 'no win - no fee' element within our quote.
Our Disclaimer:
Our Terms and Conditions of Operating and Disclaimer for all financial forecasts and business planning work undertaken on behalf of you - our client:
Definitions:
Management – the employees or Directors of the Company
Company – the firm which the proposed Business Plan or Interim Manager project and quote is referring to
Client – the person or persons who our quote is addressed to and includes the Company too and it’s management and directors
Proposed Business Plan – The Business Plan which our client wants Business Advice Bureau (“BAB”) to assist in producing based upon our client’s key financial assumptions
Financial Forecasts – the forecasts produced by “BAB” using the financial assumptions provided by our client
This is an important message and forms part of our quotation and further adds to our Terms & Conditions of engagement and is applicable to the quoted production of the ‘Proposed Business Plan’ and any advice provided, including Interim Management projects where applicable.
BAB is a Consultancy firm and as such we charge fees to assist our clients to produce a Business Plan to be submitted to loan funders and other funders. We derive 100% of our income from these fees. We are NOT Finance Brokers and we are not Independent Financial Advisers and as such we do not derive any income from commission on any loan or finance related investment products. We do not arrange loans for our clients and do not receive any arrangement fees from lenders.
The reader of our quotation i.e. our client, understands that the proposed work to be performed by “BAB” it’s Partners and it’s employees will be performed in accordance with instructions and key financial assumptions provided by the client as stated on our quote and will be performed exclusively for our addressee client’s sole benefit and use.
The reader of our quote i.e. our client, hereby agrees that “BAB”, its Partners, employees and self employed consultants or agents neither owe nor accept any duty or responsibility, whether in contract or in tort (including without limitation, negligence and breach of statutory duty), and shall not be liable in respect of any loss, damage or expense of whatsoever nature which is caused by any use our client may choose to make of the proposed Business Plan or any Interim Management project work. Further, our client, agrees that the proposed Business Plan or Interim Manager project material is not to be referred to or quoted, in whole or in part, in any prospectus, registration statement, offering circular, public filing, loan, other agreement or document and not to distribute the report without BAB’s prior written consent.
We will not carry out anything in the nature of an audit nor, except where otherwise stated, will we subject the financial or other information contained in the proposed Business Plan to checking or verification procedures. Accordingly, we assume no responsibility and make no representations with respect to the accuracy or completeness of the information in the proposed Business Plan or Interim Manager project materials and financial forecasts, including the estimated opening balance sheet (if applicable to an existing firm already trading).
Management’s financial projections (“MFP”) as originally prepared and presented to us will be set out in the proposed Business Plan. The MFP will be prepared by the management of the Company i.e. our client, to reflect their assessment of the most likely future outcome. Management will make the assumptions, gather the information and process the data. We will assist in the preparation of the Business Plan financial forecasts but only based upon information provided by our client and/or the management of the company.
The purpose of including in the MFP and forecasts based upon the MFP is solely to assist in the evaluation of the MFP and forecasts by illustrating the potential ramifications, individually and in aggregate, of the assumptions made by our client and/or the client’s management and/or the accounting treatments used by management in preparing the MFP. The rationale for the alternative assumptions and/or accounting treatments is set out in the relevant sections of the business plan and forecasts. The presentation of the results of the forecasts undertaken by “BAB” constitutes neither a restatement of the MFP nor the preparation of an alternative MFP (since such restatement or alternative MFP can only be made by the client or it’s management).
To the extent that the MFP are adjusted by any or all of the potential adjustments we will identify, this is a matter for decision by our client, and solely our client’s responsibility.
Because events and circumstances frequently do not occur as expected, there will usually be differences between the financial assumptions predicted in the Business Plan financial forecasts and actual results, and those differences may be material. “BAB” takes no responsibility for the achievement of predicted results. We will show a draft of the proposed Business Plan and financial forecasts to you our client and you will confirm that, to the best of your knowledge and belief, the Business Plan and forecasts does not contain any material error of fact, there has been no material omission and those sections fairly set out the recent results where applicable to an existing business, state of affairs and prospects of the company. To the extent that we consider appropriate, we will incorporate the comments of management in the proposed Business Plan.
This proposed Business Planning and Interim Manager documents contains forward-looking statements. These statements relate to the Company’s or firms future prospects, developments and business strategies. Forward-looking statements are identified by their use of terms and phrases such as “believe”, “could”, “envisage”, ”estimate”, “in-tend”, “may”, “plan”, “will” or the negative of those, variations or comparable expressions, including references to assumptions. These statements are primarily contained in many parts the proposed Business Plan and forecasts and any other Interim Manager reports or project material.
The forward-looking statements in the proposed Business Plan are based on current or future expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. If underlying assumptions prove incorrect, the client’s Company’s actual results may vary materially from those expected, estimated or projected. Given these risks and uncertainties, potential investors and other debt and grant funders should not place any reliance on forward-looking statements. “BAB” will assist the Directors or owner/s of our client company or firm and the forecasts will have been based solely on the key assumptions of the Directors or owner/s of our client company or firm. Accordingly, “BAB” and its Partners and employees accept no responsibility if the actual results vary from the forecasted forward-looking financial forecasts.
This business plan and financing proposal will be prepared by the Directors or Owner/s of the firm who will set out proposals to financiers for the provision of funding facilities to enable them to start or continue a proposed business. “BAB” will assist in the preparation of this document although they will not have not carried out an audit or other verification of the information included herein. Consequently “BAB” do not express or imply any opinion on the contents of the document.
The existing directors or owner/s will need to have taken all reasonable care to ensure that the facts stated within any Business Plan or Interim Manager material are true and accurate in all material respects and that the financial projections included are their reasonable estimate of future performance, based on the stated assumptions. However the plan should not be relied upon as a promise or guarantee of the future and no figures should be regarded as constituting a profit forecast. Prospective financiers should form their own view of the expected future performance.
Any Business Plan is confidential and is provided solely for the information of the addressee of the accompanying letter or email. It and any other information provided by the directors, owner/s, the company or “BAB” in connection with it must be held in confidence. The plan or other information should not be reproduced, copied or circulated (except to those within the addressee organisation who need to see it) without the prior written consent of the existing Directors or Owner/s and their limited company or firm and “BAB”. It is provided for discussion only and does not constitute an offer.
This business plan and financing proposal will be prepared by the Directors or Owner/s who will have set out their proposals to financiers for the provision of funding facilities to enable them to start or continue a proposed business. “BAB” will have assisted in the preparation of this document although they will not have not carried out an audit or other verification of the information included herein. Consequently “BAB” do not express or imply any opinion on the contents of the document.
The directors or owner/s will need to have taken all reasonable care to ensure that the facts stated herein are true and accurate in all material respects and that the financial projections included are their reasonable estimate of future performance, based on the stated assumptions. However the plan should not be relied upon as a promise or guarantee of the future and no figures should be regarded as constituting a profit forecast. Prospective financiers should form their own view of the expected future performance.
This plan is confidential and is provided solely for the information of the addressee of the accompanying letter or email. It and any other information provided by the directors, owner/s, the company or “BAB” in connection with it must be held in confidence. The plan or other information should not be reproduced, copied or circulated (except to those within the addressee organisation who need to see it) without the prior written consent of the existing Directors and their Limited company and “BAB”. It is provided for discussion only and does not constitute an offer.
On the matter of Personal Guarantees and any other personal collateral provided by clients to funders introduced to them by BAB via the submission of a Business Plan:
BAB, its Partners, employees and self employed consultants DO NOT ADVISE, RECOMEND OR ENDORSE clients of BAB to provide Directors or Owner Managers personal guarantees to funders and we do not advise clients to provide additional PERSONAL COLLATERAL (in any from) TO FUNDERS. Accordingly, BAB, its Partners, employees and self employed consultants or agents neither owe nor accept any duty or responsibility, whether in contract or in tort (including without limitation, negligence and breach of statutory duty), and shall not be liable in respect of any loss, damage or expense of whatsoever nature which is caused by any client or its Directors or Owner Managers providing personal guarantees or any other personal collateral to funders.
DISCLAIMER IN RESPECT OF FORWARD-LOOKING STATEMENTS
This Buisiness Plan and Financial Forecasts contains forward-looking statements relating to the firms or company’s operations, performance and financial position based on current expectations of, and assumptions and forecasts made by the Directors, proprietors and/or management of the company ir firm. Various known and unknown risks, uncertainties and other factors could lead to substantial differences between the actual future results, financial situation development or performance of the company or firm and the estimates, historical balance sheet results and forecasts given herein. Undue reliance should not be placed on forward-looking statements or the estimated opening balance sheet which are made only as of the date of this document. Nothing in this document should be construed as a profit forecast. “BAB”, it’s employees, Partners and self employed consultants accepts no obligation to revise or update these forward-looking statements or adjust them as a result of new information or for future events or developments and also accept no responsibility if the actual results vary from the forecasted forward-looking financial forecasts.
Financial Services & Markets Act 2000
The proposed Business Plan is not a prospectus and does not, and is not intended to, constitute an offer or invitation to invest in securities, nor shall it, or any part of it, be relied upon in any way in connection with an offer to subscribe for shares. Private Investor recipients are assumed to possess a certificate of “High Net Worth” or “Sophistication” as set out in articles 48 & 50 of the Financial Services & Markets Act 2000 (Financial Promotions) Order 2001.You should seek your own independent advice in relation to the information contained therein. Investment in a new business carries high risks as well as the possibility of high rewards; it is highly speculative and investors should be aware that no established market exists for the trading of shares in private companies. Before investing in a project about which information is given, potential investors are strongly advised to take advice from an authorised person who specialises in advising on investments of this kind.
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