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In the current business climate due
diligence is becoming ever more important. Risk aversion
and changes in market conditions require companies
to take much more care over the necessary research
and assessment that underlie any business decisions.
A misunderstood lease can have devastating consequences
when a company needs to grow or restructure. Understanding
the detail and advising on the implications whilst
planning for the future is at the heart of what we
do.
Changes in accounting standards which require businesses
to become far more transparent about the way property
is accounted for on the balance sheet, will create
a host of potential problems for many companies with
onerous leases. Without property diligence some companies
are in danger of changing profile over night and having
more in the way of property liabilities than traditional
business assets. |
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