Privacy Policy and Terms & Conditions

BACKGROUND:

Bluebox Corporate Finance Limited understands that your privacy is important to you and that you care about how your personal data is used and shared online. We respect and value the privacy of everyone who visits this website, www.blueboxvelocity.com (“Our Site”) and will only collect and use personal data in ways that are described here, and in a manner that is consistent with Our obligations and your rights under the law.

Please read this Privacy Policy carefully and ensure that you understand it. Your acceptance of Our Privacy Policy is deemed to occur upon your first use of Our SiteIf you do not accept and agree with this Privacy Policy, you must stop using Our Site immediately.

 

1.Definitions and Interpretation

In this Policy, the following terms shall have the following meanings:

“Account”means an account required to access and/or use certain areas and features of Our Site;
“Cookie”means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;
“Cookie Law”means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;
“personal data”means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and
“We/Us/Our”means Bluebox Corporate Finance Limited, a limited company registered in England under company number 7927253, whose registered address is 93 – 95 Gloucester Place, London, W1U 6JQ.
  1. Information About Us
  • 2.1 Our Site is owned and operated by Bluebox Corporate Finance Limited, a limited company registered in England under company number 7927253, whose registered address is 93 – 95 Gloucester Place, London, W1U 6JQ.
  • 2.2 Our VAT number is GB 284 4617 79.
  • 2.3 Our Responsible Person is Paul Herman, and can be contacted by email at paul.herman@blueboxcfg.com, by telephone on 020 3872 4500, or by post at 93 – 95 Gloucester Place, London, W1U 6JQ.
  • 2.4 We are an ‘Appointed Representative of RGL Capital who are regulated by The FCA.
  1. What Does This Policy Cover?

This Privacy Policy applies only to your use of Our Site. Our Site may contain links to other websites. Please note that We have no control over how your data is collected, stored, or used by other websites and We advise you to check the privacy policies of any such websites before providing any data to them.

4.Your Rights

  • 4.1: As a data subject, you have the following rights under the GDPR, which this Policy and Our use of personal data have been designed to uphold:
    • 4.1.1: The right to be informed about Our collection and use of personal data;
    • 4.1.2: The right of access to the personal data We hold about you (see section 12);
    • 4.1.3: The right to rectification if any personal data We hold about you is inaccurate or incomplete (please contact Us using the details in section 14);
    • 4.1.4: The right to be forgotten – i.e. the right to ask Us to delete any personal data We hold about you (We only hold your personal data for a limited time, as explained in section 6 but if you would like Us to delete it sooner, please contact Us using the details in section 14);
    • 4.1.5: The right to restrict (i.e. prevent) the processing of your personal data;
    • 4.1.6: The right to data portability (obtaining a copy of your personal data to re-use with another service or organisation);
    • 4.1.7: The right to object to Us using your personal data for particular purposes; and
    • 4.1.8: Rights with respect to automated decision making and profiling.
  • 4.2: If you have any cause for complaint about Our use of your personal data, please contact Us using the details provided in section 14 and We will do Our best to solve the problem for you. If We are unable to help, you also have the right to lodge a complaint with the UK’s supervisory authority, the Information Commissioner’s Office.
  • 4.3: For further information about your rights, please contact the Information Commissioner’s Office or your local Citizens Advice Bureau.

5.What Data Do We Collect?

Depending upon your use of Our Site, We may collect some or all of the following personal and non-personal data (please also see section 13 on Our use of Cookies and similar technologies.

5.1     name;

5.2     gender

5.3     age

5.4     interests

5.5     business/company name

5.6     job title;

5.7     profession;

5.8     contact information such as email addresses and telephone numbers;

5.9     demographic information such as post code, preferences, and interests;

5.10     IP address;

5.11     web browser type and version;

5.12     operating system;

5.13     a list of URLs starting with a referring site, your activity on Our Site, and the site you exit to;

  1. How Do We Use Your Data?
  • 6.1: All personal data is processed and stored securely, for no longer than is necessary in light of the reason(s) for which it was first collected. We will comply with Our obligations and safeguard your rights under the GDPR at all times. For more details on security see section 7, below.
  • 6.2: Our use of your personal data will always have a lawful basis, either because it is necessary for Our performance of a contract with you, because you have consented to Our use of your personal data (e.g. by subscribing to emails), or because it is in Our legitimate interests. Specifically, We may use your data for the following purposes:
    • 6.2.1: Providing and managing your Account;
    • 6.2.2: Providing and managing your access to Our Site;
    • 6.2.3: Personalising and tailoring your experience on Our Site;
    • 6.2.4: Supplying Our services to you (please note that We require your personal data in order to enter into a contract with you);
    • 6.2.5: Personalising and tailoring Our services for you;
    • 6.2.6: Replying to emails from you;
    • 6.2.7: Supplying you with emails that you have opted into (you may unsubscribe or opt-out at any time by emailing info@blueboxcfg.com);
    • 6.2.8: Market research;
    • 6.2.9: Analysing your use of Our Site to enable Us to continually improve Our Site and your user experience;
  • 6.3: With your permission and/or where permitted by law, We may also use your data for marketing purposes which may include contacting you by email or telephone or post with information, news and offers on our We will not, however, send you any unsolicited marketing or spam and will take all reasonable steps to ensure that We fully protect your rights and comply with Our obligations under the GDPR and the Privacy and Electronic Communications (EC Directive) Regulations 2003.
  • 6.4: Third parties (including whose content appears on Our Site may use third party Cookies, as detailed below in section 13. Please refer to section 13 for more information on controlling Cookies. Please note that We do not control the activities of such third parties, nor the data they collect and use and advise you to check the privacy policies of any such third parties.
  • 6.5: You have the right to withdraw your consent to Us using your personal data at any time, and to request that We delete it.
  • 6.6: We do not keep your personal data for any longer than is necessary in light of the reason(s) for which it was first collected. Data will therefore be retained for the following periods (or its retention will be determined on the following bases): For further details, please email info@blueboxcfg.com and request a copy of our Data Retention Policy’.
  1. How and Where Do We Store Your Data?
  • 7.1: We only keep your personal data for as long as We need to in order to use it as described above in section 6, and/or for as long as We have your permission to keep it.
  • 7.2: Some or all of your data may be stored outside of the European Economic Area (“the EEA”) (The EEA consists of all EU member states, plus Norway, Iceland, and Liechtenstein). You are deemed to accept and agree to this by using Our Site and submitting information to Us. If We do store data outside the EEA, We will take all reasonable steps to ensure that your data is treated as safely and securely as it would be within the UK and under the GDPR including:
    • 7.2.1: Ensuring Data Processers have an adequate and compliant GDPR policy and;
    • 7.2.2: An adequate GDPR compliant data processing agreement.
  • 7.3: Data security is very important to Us, and to protect your data We have taken suitable measures to safeguard and secure data collected through Our Site. Please email info@blueboxcfg.com for a copy of our ‘Data Protection Policy’.
  1. Do We Share Your Data?
  • 8.1: Subject to section 8.2, We will not share any of your data with any third parties for any purposes.
  • 8.2: In certain circumstances, We may be legally required to share certain data held by Us, which may include your personal data, for example, where We are involved in legal proceedings, where We are complying with legal obligations, a court order, or a governmental authority.
  1. What Happens If Our Business Changes Hands?
  • 9.1: We may, from time to time, expand or reduce Our business and this may involve the sale and/or the transfer of control of all or part of Our business. Any personal data that you have provided will, where it is relevant to any part of Our business that is being transferred, be transferred along with that part and the new owner or newly controlling party will, under the terms of this Privacy Policy, be permitted to use that data only for the same purposes for which it was originally collected by Us.
  • 9.2: In the event that any of your data is to be transferred in such a manner, you will be contacted in advance and informed of the changes. When contacted you will be given the choice to have your data deleted or withheld from the new owner or controller.

10.How Can You Control Your Data?

  • 10.1: In addition to your rights under the GDPR, set out in section 4, when you submit personal data via Our Site, you may be given options to restrict Our use of your data. In particular, We aim to give you strong controls on Our use of your data for direct marketing purposes (including the ability to opt-out of receiving emails from Us which you may do by unsubscribing using the links provided in Our emails and at the point of providing your details.
  • 10.2: You may also wish to sign up to one or more of the preference services operating in the UK: The Telephone Preference Service (“the TPS”), the Corporate Telephone Preference Service (“the CTPS”), and the Mailing Preference Service (“the MPS”). These may help to prevent you receiving unsolicited marketing. Please note, however, that these services will not prevent you from receiving marketing communications that you have consented to receiving.

11.Your Right to Withhold Information

  • 11.1: You may access Our Site without providing any data at all.

12.How Can You Access Your Data?

You have the right to ask for a copy of any of your personal data held by Us (where such data is held).  Under the GDPR, no fee is payable and We will provide any and all information in response to your request free of charge. Please contact Us for more details at info@blueboxcfg.com, or using the contact details below in section 14. Alternatively, please refer to Our Data Protection Policy, a copy can be obtained by emailing info@blueboxcfg.com.

  1. Our Use of Cookies
  • 13.1: Our Site may place and access certain first party Cookies on your computer or device. First party Cookies are those placed directly by Us and are used only by Us. We use Cookies to facilitate and improve your experience of Our Site and to provide and improve Our services. We have carefully chosen these Cookies and have taken steps to ensure that your privacy and personal data is protected and respected at all times.
  • 13.2: By using Our Site you may also receive certain third party Cookies on your computer or device. Third party Cookies are those placed by websites, services, and/or parties other than Us. For more details, please refer to section 6, above, and to section 13.6 below. These Cookies are not integral to the functioning of Our Site and your use and experience of Our Site will not be impaired by refusing consent to them.
  • 13.3: All Cookies used by and on Our Site are used in accordance with current Cookie Law.
  • 13.4: Before Cookies are placed on your computer or device, you will be shown a prompt requesting your consent to set those Cookies. By giving your consent to the placing of Cookies you are enabling Us to provide the best possible experience and service to you. You may, if you wish, deny consent to the placing of Cookies; however certain features of Our Site may not function fully or as intended.
  • 13.5: Our Site uses analytics services provided by Google Analytics. Website analytics refers to a set of tools used to collect and analyse anonymous usage information, enabling Us to better understand how Our Site is used. This, in turn, enables Us to improve Our Site and services offered through it. You do not have to allow Us to use these Cookies, however whilst Our use of them does not pose any risk to your privacy or your safe use of Our Site, it does enable Us to continually improve Our Site, making it a better and more useful experience for you.
  • 13.6: The analytics service(s) used by Our Site use(s) Cookies to gather the required information.
  • 13.7: The analytics service(s) used by Our Site use(s) the following Cookies:
  • 13.8:In addition to the controls that We provide, you can choose to enable or disable Cookies in your internet browser. Most internet browsers also enable you to choose whether you wish to disable all cookies or only third party Cookies. By default, most internet browsers accept Cookies but this can be changed. For further details, please consult the help menu in your internet browser or the documentation that came with your device.
  • 13.9: You can choose to delete Cookies on your computer or device at any time, however you may lose any information that enables you to access Our Site more quickly and efficiently including, but not limited to, login and personalisation settings.
  • 13.10: It is recommended that you keep your internet browser and operating system up-to-date and that you consult the help and guidance provided by the developer of your internet browser and manufacturer of your computer or device if you are unsure about adjusting your privacy settings.]
  1. Contacting Us

If you have any questions about Our Site or this Privacy Policy, please contact Us by email at info@blueboxcfg.com, by telephone on 020 3872 4500, or by post at 93 – 95 Gloucester Place, London, W1U 6JQ. Please ensure that your query is clear, particularly if it is a request for information about the data We hold about you (as under section 12, above).

  1. Changes to Our Privacy Policy

We may change this Privacy Policy from time to time (for example, if the law changes). Any changes will be immediately posted on Our Site and you will be deemed to have accepted the terms of the Privacy Policy on your first use of Our Site following the alterations. We recommend that you check this page regularly to keep up-to-date.

VELOCITY Terms & Conditions

Welcome to Velocity by Bluebox. This Website is owned and operated by Bluebox Corporate Finance Limited.

These Terms (as defined below) are important so please read them carefully.

Part 1 will always apply when You use this Website. If you want to use Buyer Services, Fundraise Services, Seller Services, or any other Service listed the Velocity Website You have to create an Account and other Parts of these Terms will apply.

Part 2 will apply where You wish to create an Account on this Website to receive the Services.

Part 3 will apply where You wish to use the Seller/Fundraising Services.

Part 4 will apply where You wish to use the Buyer Services.

Part 5 will apply should you wish to use some of the Additional Services that are not included in the Buyer/Seller or Fundraising Services Packages.

If You do not agree to these Terms please do not use this Website or the Services.

Velocity reserves the right to change these Terms at any time and You should print a copy of these Terms for Your records. You should check back regularly to see if they have changed as they will be effective from the next time that You access this Website or the Services and Your continued use of this Websites and the Services shall indicate Your acceptance of any change. Velocity will make every effort to communicate these changes to You by notification on this Website or by email.

PART 1: GENERAL

  1. DEFINITIONS AND INTERPRETATION

The following definitions and rules of interpretation apply in these Terms.

1.1 Definitions:

Account:the account You set up when You register on the Website.
Broker:1.     (i) an individual acting in a commercial capacity or

2.     (ii) a company or trading entity who

3.     (a) is authorised to act on behalf of a third party who is either a buyer or a seller; or

4.     (b) offers services to a third party who is either a buyer or a seller.

Buyer:an individual acting in a commercial capacity or the company or trading entity on behalf of which an individual uses the Buyer Services.
Buyer Fee:the fees (which may be a one-off fee, periodic fees or a combination of both) payable by You to Velocity for the relevant Services. The applicable fee shall be as set out in the Fee Model selected by You.
Buyer Services:the services available on this Website if users are interested in purchasing a business or franchise, which are more particularly described on the sections of this Website related to “Buyers”.
Content:any text, advertisement, images, graphics, sounds, videos, films, logos, information or other materials.
Data Controller:means the natural or legal person, public authority, agency or other body which, alone or jointly with others, determines the purposes and means of the processing of personal data.
Data Processor:means a natural or legal person, public authority, agency or other body which processes personal data on behalf of the controller.
Data Protection Legislation:means up to but excluding 25 May 2018, the Data Protection Act 1998 and thereafter (i) unless and until the GDPR is no longer directly applicable in the UK, the GDPR and any national implementing laws, regulations and secondary legislation, as amended or updated from time to time, in the UK and then (ii) any successor legislation to the GDPR or the Data Protection Act 1998.
Data Subject:means an individual who is the subject of Personal Data.
Personal Data:  Any Information provided by You that relates to an identifiable individual(s).
Directory Services:the services available on this Website if You are a Broker, which are more particularly described on the “Services Directory” section of this Website.
Monthly Support Package the services available on this Website if users are interested in direct assistance with selling a business, raising funds for a business or purchasing a business.
Monthly Support Duration:the applicable length of time for which You pay a Subscription Fee (if any) as set out in the Fee Model for Monthly Support. This shall be a minimum period of 1 months from Account creation and acceptance unless terminated earlier.
Monthly Support Success Feethe fee payable upon successful completion of a sale of Your business, successful completion of a Fundraise for Your business or successful for completion of a transaction should you have chosen our Buy a Business Services. The success fee is charged at 1% of the total Transaction amount including any Gross Purchase Consideration.
Velocity:Bluebox Velocity is a Limited company registered in England and Wales at the address of 93 – 95 Gloucester Place, London, W1U 6JQ with Company Number 09294627 and is owned and operated by Bluebox Corporate Finance Limited who are registered in England and Wales at the address of 93 – 95 Gloucester Place, London, W1U 6JQ with Company Number 07927253.
IPR:any patent, trade mark, service mark, copyright, moral right, right in a design, know-how and any other intellectual or industrial property rights, anywhere in the world whether or not registered.
Other Advertising Services:the advertising services available on this website if you are not a buyer, Broker, seller or other intermediary. This includes, but is not limited to, all banner advertising found throughout this Website and Partner Websites and ad hoc Partner email campaigns.
Partner Websites:any websites, other than the Website, operated by Velocity.
Partner third party websites or magazines, newspapers, trade press and marketing collateral / handouts that we may advertise Your business for sale with.
Seller:an individual acting in a commercial capacity or the company or trading entity on behalf of which an individual uses the Seller Services.
Seller/Fundraise Fee:the fees (which may be a one-off fee, periodic fees or a combination of both) payable by You to Velocity for the relevant Services. The applicable fee shall be as set out in the Fee Model selected by You save for Seller/Fundraise Services which shall be the Seller Fee.
Seller Services:the services available on this Website if users are interested in selling a business, which are more particularly described on the sections of this Website related to “Sellers”.
Services:the Buyer Services, Fundraising Services, Seller Services, Saleability Score, Other Additional Services or any other services made available to You through this Website collectively.
Subscription Fee:the fees (which may be a one-off fee, periodic fees or a combination of both) payable by You to Velocity for the relevant Services. The applicable fee shall be as set out in the Fee Model selected by You.
Terms:these terms and conditions of use.
Saleability Score:a service/tool available on this Website, which provides an estimation of the Saleability of Your business.
Website:the internet site at the domain blueboxvelocity.com and all its subdomains.
You or Your:(as appropriate) a Buyer, a Seller, a Broker or other individual acting in a commercial capacity who accepts these Terms or the company or trading entity on behalf of which an individual accepts these Terms.

 

2 PURPOSE OF THE WEBSITE

2.1         The purpose of this website is to provide a platform for would-be buyers, sellers and fundraisers with the necessary tools, products and knowledge for a successful acquisition, sale or fundraise. Velocity is dependent on the owners of businesses using the platform to provide enough and accurate information about their business/target.

2.2         You should carry out your own investigations into any advice or service advertised on this Website.

2.3         Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken by You based on any information, opinions or advice contained within this Website.

2.4         Through the use of the Services and the Website, You agree that any content placed by You or other members of your organisation on Your behalf on our Website can also be displayed on other online portals. In addition, this content may be reproduced for inclusion in, and is not limited to, magazines, newspapers, other third-party websites, trade press and marketing collateral / handouts. This will always be done with the aim of increasing prospective buyer views and enquiries. These channels are collectively known as “Partners”.

3             YOUR OBLIGATIONS

3.1         When using this Website and Your Account (if applicable), You agree not to:

(a)          attempt to undermine the security or integrity of this Website, or Velocity’ computing systems or networks. Velocity will report any security breach to the relevant law enforcement authorities and will co-operate with those authorities by disclosing Your identity to them;

(b)          use, or misuse, this Website in any way which may impair the functionality of this Website, or impair the ability of any other user to use this Website;

(c)           attempt to gain unauthorised access to any materials other than those to which You have been given express permission to access or to the computer system on which this Website is hosted;

(d)          transmit, or input into this Website, any files or data that may damage any other person’s computing devices or software, any Content that may be offensive or in violation of any law (including data or other material which You do not have the right to use);

(e)          create links to this Website unless Velocity gives You prior written consent or as otherwise set out in these Terms;

(f)           attempt to modify, copy, adapt, reproduce, disassemble, decompile or reverse engineer any computer programs used to operate this Website except as is strictly necessary to use either of them for normal operation and other than as permitted by law;

(g)          impersonate any other person while using this Website;

(h)          conduct Yourself in a vulgar, offensive, harassing or objectionable manner while using this Website; or

(i)            use this Website for any unlawful purpose.

4             PERSONAL DATA

4.1         We collect, store and use personal information collected from visitors to this website. Please read our Privacy Policy for details of how we collect and use your Personal Data as well as your access and correction rights to any data we hold about you.

4.2         In delivering the Services in connection with these terms Velocity shall comply with all applicable requirements under the Data Protection Legislation.

4.3         For the purposes of the Data Protection Legislation, in most cases You are the Data Subject, Velocity is the Data Controller and any other sub-contractor, or third party engaged in the performance of the Services to You are the Data Processors.

4.4         Where You are a Broker or intermediary however, your clients or customers are the Data Subjects, You are the Data Controller, and Velocity is the Data Processor. In such cases You will ensure that You have all necessary appropriate consents and notices in place to enable lawful transfer of the Personal Data to Velocity for the duration and purposes of this agreement.

4.5         In the case where we share the Personal Data of other Data Subjects with you, we (us and you) are joint Data Controllers for the purposes of the Data Protection Regulation. You agree to only process the data in accordance with your responsibilities and obligations to the Data Subject.

4.6         You agree to process all data provided in accordance with current Data Protection Legislation. Together with our Partner Websites, we pass on prospective buyer information as part of a contract between us and the prospective buyer, and as part of this contract with You. It’s in your legitimate business interests to contact said buyer about the advertised business opportunity, franchise, commercial property, or related service. In order to market to those users further you will need to gain your own consent or define your own legal basis for processing.

4.7         We shall, in relation to any Personal Data used in connection with the performance by Us of Our obligations:

(a)          collect, store and use the data in accordance with Our Privacy Policy which is displayed on the Website;

(b)          maintain complete and accurate records and information to demonstrate its compliance with the Data Protection Legislation; and

(c)           notify You without undue delay on becoming aware of a Personal Data breach relating to Your Personal Data.

4.8         You consent to Velocity appointing third-party processors of Personal Data and Velocity shall enter any third-party processor into a written agreement, incorporating terms reflecting those set out in this clause.

5             DISCLAIMER

5.1         The provision of, access to, and use of, this Website is on an “as is” basis.

5.2         It is Your sole responsibility to determine that the Services meet the needs of Your business and are suitable for the purposes for which they are used.

5.3         You are responsible for Your use of the Services and for ensuring that such use is compliant with applicable law.

5.4         Velocity does not warrant or represent that any particular results or outcomes will be achieved through use of the Services.

5.5         Velocity will use reasonable endeavours to make this Website and Services available at all times but does not warrant or guarantee that this Website or Services will always be available or that they will be uninterrupted or error free.

5.6         Velocity uses industry standard security processes and procedures to protect this Website against viruses, worms, Trojan horses, malware and other disabling devices but Velocity cannot guarantee that this Website will be free from the same or totally secure.

5.7         Velocity shall have no liability for any errors, omissions, inaccuracies or misleading statements or representations in any Content or instructions provided to Velocity in connection with the Services, or any actions taken by Velocity at Your direction.

5.8         All implied conditions or warranties are excluded in so far as is permitted by law, including (without limitation) warranties of satisfactory quality, fitness for purpose and title.

6             LINKING AND COOKIES

6.1         Where this Website is linked to any website operated by any third party Velocity accepts no responsibility or liability arising in respect of any content, information or transaction on or carried out on such third party website. The presence of a link on this Website shall not be deemed to be a recommendation or endorsement of such third party website by Velocity. Your dealings with third party websites are solely between You and the applicable third party and You should read their terms and conditions and policies before using them.

6.2         You may create Your own reference to this Website, provided that Your reference is in a text-only format. You may not use any link to this Website as a method of creating an unauthorised association between an organisation, business, person, event, goods or services and any of the Velocity companies (including, for the avoidance of doubt, www.blueboxvelocity.com), and agree that no such link shall portray Velocity or any Velocity company (or Velocity or their activities, products or services) in a false, misleading, derogatory or otherwise objectionable manner. Velocity reserves the right to withdraw permission to use links to this Website at any time.

6.3         www.blueboxvelocity.com uses cookies. Please read our Cookie Policy and Privacy Policy for further details.

7 INTELLECTUAL PROPERTY RIGHTS

7.1         All IPR contained in and pertaining to this Website, including any trademarks used on this Website, copyright in any Content and rights in any data contained on this Website are owned by or licensed to Velocity. You are not given any right to use any IPR contained in or pertaining to this Website otherwise than as expressly permitted in these Terms or by law. Any transfer, sale, distribution, reproduction, copying or modification of any material contained on this Website (in whole or in part) is strictly prohibited other than with the prior written consent of Velocity.

7.2         You agree that Velocity is free to use any comments, information or ideas contained in any communication You may send to us without compensation, acknowledgement or payment to You for any purpose whatsoever, including, but not limited to, developing, manufacturing and marketing products and services and creating, modifying or improving this Website, products or services.

7.3         You grant Velocity a royalty-free, limited, revocable licence to display and use to the extent necessary to provide the Services, Your logo, trademark, business name or any other IPR in any Content which You provide to Velocity on our website or on a Partner Website used to advertise Your business for sale.

7.4         You warrant that any Content provided by You to Velocity does not infringe the IPR or other rights of any third party and You are responsible for ensuring that any Content that You provide within this Website is accurate, complete, truthful and compliant with law.

8             INFRINGEMENT AND INDEMNITY

8.1         Velocity reserves the right to remove any material You upload or post onto this Website if, in its opinion, such material infringes or is likely to infringe the IPR of any third party.

8.2         Velocity will not be responsible or liable to You for the Content or accuracy of any material uploaded or posted by any other user of this Website.

8.3         You hereby agree to indemnify Velocity (who shall have no duty to mitigate its loss) in full and on demand and keep it so indemnified against all claims, demands, actions, proceedings and all direct and indirect damages, losses, costs and expenses (including without limitation legal and other professional advisers’ fees, economic loss, loss of profit, future revenue, reputation, goodwill, anticipated savings) and any consequential loss made against or incurred or suffered by Velocity and whether wholly or in part resulting directly or indirectly from any claim that the Content of any material uploaded or posted onto this Website infringes the IPR of any third party.

8.4         If You believe that the Content of any material uploaded or posted onto this Website infringes Your IPR, please notify Velocity at the address stated above.

9             LIABILITY

9.1         This Clause 9 sets out the entire liability of Velocity under or in connection with these Terms including any liability for the acts or omissions of its employees, agents and sub-contractors and in respect of:

(a)          any breach of these Terms;

(b)          any use made by the You of the Services and Website; and

(c)           any representation, statement or tortious act or omission (including negligence).

9.2         thing in these Terms excludes either party’s liability for:

(a)          death or personal injury caused by their negligence; or

(b)          fraud or fraudulent misrepresentation; or

(c)           any liability which cannot be legally excluded or limited.

9.3         Subject to Clauses 9.2, 9.4 and 9.5, the total liability of Velocity in any 12 month period arising out of, or in connection with these Terms whether for negligence or breach of contract or howsoever arising shall in no event exceed the total Subscription Fees paid by You during the 12 month period immediately preceding the event giving rise to the claim.

9.4         Velocity will not be responsible to You for any business losses that You may incur, including but not limited to, loss of data, loss of profits, loss of goodwill, pure economic loss, corruption of data or information or business interruption.

9.5         Neither party will be liable for any indirect or consequential losses arising out of or in connection with these Terms.

9.6         Velocity’s maximum aggregate liability under or in connection with this agreement, whether in contract, tort (including negligence) or otherwise, shall in no circumstances exceed the amount of fees paid by the Company to Velocity under this agreement.  In no event will either party be liable under or in connection with this agreement, whether in contract, tort (including negligence) or otherwise, for: (a) loss of actual or anticipated income or profits; (b) loss of goodwill or reputation; (c) loss of anticipated savings; (d) loss of data; or (e) any indirect or consequential loss or damage of any kind.  Nothing in this agreement shall exclude or limit either party’s liability for fraud, death or personal injury caused by negligence or any other liability which cannot be excluded or limited by law.

 

 

10           BARRING FROM THIS WEBSITE

10.1       Velocity reserves the right to bar You from this Website and/or restrict or disable Your access or use of any or all elements of Velocity’ services, on a permanent or temporary basis at Velocity’ sole discretion.

11           GENERAL

11.1       Language: These Terms and all communications between us will be in English.

11.2       Rights and Remedies: Except as expressly provided in these Terms, the rights and remedies provided under these Terms are in addition to, and not exclusive of, any rights or remedies provided by law.

11.3       Conflict: If there is an inconsistency between any of the provisions in these Terms and any relevant section of this Website, the provisions in these Terms shall prevail.

11.4       Entire Agreement: These Terms, and any documents or sections of this Website referred to in them, constitute the whole agreement between the parties and supersede any previous arrangement, understanding or agreement between them relating to the subject matter they cover. Each of the parties acknowledges and agrees that in entering into these Terms it does not rely on any undertaking, promise, assurance, statement, representation, warranty or understanding (whether in writing or not) of any person (whether party to this agreement or not) relating to the subject matter of these Terms, other than as expressly set out in these Terms.

11.5       Waiver and Variation: If either party waives any breach of these Terms, this will not constitute a waiver of any other breach. No waiver will be effective unless made in writing.

11.6       Events Beyond Reasonable Control: Neither party will be liable for any delay or failure in performance of its obligations under these Terms if the delay or failure is due to any cause outside its reasonable control (including failure of the internet, and failure of sub-contractors and/or suppliers). This clause does not apply to any obligation to pay the Subscription Fee or Seller Fee or any other form of due payment.

11.7       No Assignment: You may not assign, transfer, charge, sub-contract or deal in any other manner with all or any of its rights or obligations under these Terms.

11.8       Rights of Third Parties: No person who is not a party to these Terms shall have the right, whether under the Contracts (Rights of Third Parties) Act 1999 or otherwise to enforce any rights granted or benefits enjoyed under these Terms.

11.9       Severability: If any provision (or part of a provision) of these Terms is found by any court or administrative body of competent jurisdiction to be invalid, unenforceable or illegal, the other provisions shall remain in force. If any invalid, unenforceable or illegal provision would be valid, enforceable or legal if some part of it were deleted, the provision shall apply with whatever modification is necessary to give effect to the commercial intention of the parties.

11.10     Notices: Any notice given under these Terms by either party to the other must be in writing by email and will be deemed to have been given on transmission. Notices to Velocity must be sent to our customer services team or to any other email address notified by email by Velocity. Notices to You will be sent to the email address provided when registering Your Account or sending Your enquiry.

11.11     No Partnership: Nothing in these Terms is intended to or shall operate to create a partnership between the parties, or authorise either party to act as agent for the other.

11.12     Governing Law and Jurisdiction: These Terms and any dispute or claim arising out of or in connection with them or the subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the law of England and Wales.

Each party irrevocably agrees that:

(b) The courts of England and Wales shall have exclusive jurisdiction to settle any dispute or claim arising out of or in connection with these Terms or its subject matter or formation (including non-contractual disputes or claims) and for those purposes irrevocably submit all disputes to the jurisdiction of the courts of England and Wales.

PART 2: CREATION OF ACCOUNT/RECEIPT OF SERVICES

1             VELOCITY SERVICES

1.1         General

(a)          Subject to payment of the Buyer Fees, Fundraise Fees or Seller Fees or Fees for any other Services (if any), Velocity shall provide the Services to You in accordance with these Terms.

(b)          Velocity shall provide the Services with reasonable care and skill and in accordance with applicable law.

1.2         Website

(a)          Velocity grants You the right to access and use the Services via this Website. This right is non-exclusive, non-transferable, limited by and subject to these Terms.

(b)          Velocity operates this Website as it sees fit in its sole discretion and shall have total control over its appearance, structure, Content, functionality, user interface and placing of Content within this Website.

(c)           Velocity may change, modify, amend, add to or remove from this Website from time to time at its discretion without notice to You.

(d)          If You have any technical problems with this Website You must make all reasonable efforts to investigate and diagnose problems before contacting Velocity. If You still need technical help, please check the support provided online by Velocity on this Website or failing that email our customer services team at info@blueboxvelocity.com.

2             YOUR RIGHTS AND RESTRICTIONS

2.1         You must register an Account with Velocity to use the Services available on this Website. You must be at least 18 (eighteen) years old.

2.2         You may make copies of Your information contained in Your Account in any format and in doing so, You may make copies of reasonable portions of this Website and the Content of this Website and Your Account.

2.3         When You create Your Account on this Website, You will be required to create a username and password. You must ensure that Your username and password are kept secure and confidential. You must immediately notify Velocity of any unauthorised use of Your password or any other breach of security. You are responsible for any activity on Your Account. It is Your sole responsibility to monitor and control access to and use of Your Account and password. You must take all other actions that Velocity reasonably deems necessary to maintain or enhance the security of Velocity’ computing systems and networks and Your access to the Services.

2.4         You shall ensure that You have the consent of any individual whose information is entered into or processed by the Services to use such information in connection with the Services and for Velocity, its contractors and agents to process such information.

 

3             PAYMENTS

3.1         Buyer Fees, Fundraise Fees or Seller Fees or Fees for any other Services (if any) are paid in advance unless otherwise agreed with your account manager.

(a)          With the exception of the Monthly Support Success Fee, all Fees are paid in advance at the time you create an account and select a Service with the exception of the Success Fee which is payable upon the completion of any transaction. Including but not limited to a completed sale, part sale, or fundraise of Your business or acquisition of another business.

(b)          The Monthly Support Success Fee is charged at 2% of the total transaction fee plus any Gross Purchase Consideration.

(c)           Gross Purchase Consideration would equate to the total amount received by the Company in cash or non-cash consideration, the assumption of any financial debt by the purchaser and the value of any assets of the business retained by the Company or removed from the Company prior to the sale, plus:

  • Any deferred, or contingent deferred consideration (including licence or royalty fees) calculated as the maximum amount payable or if no maximum is specified based on forecast, or any future incentivisation package (outside the shareholders’ normal remuneration package); and
  • Any retention or amount paid into an escrow account will be treated as part of the consideration paid at legal completion.

(d)          The Monthly Support Success Fee is payable upon the completion of any transaction during the duration of Velocity being engaged to deliver the Monthly Support Package until terminated by either party. If within a period of 6 months from the date of termination of our appointment, a sale or fundraise is concluded with any party, the Success Fee will still be payable based on the ultimate Gross Purchase Consideration. For the avoidance of doubt, this includes but is not limited to a completed sale, part sale, or fundraise of Your business or acquisition of another business.

3.3         Additional fees apply for some optional elements of the Services which either:

(a)          Your account manager will confirm in writing before You choose to purchase the optional Services; or

(b)          will be displayed within Your Account before You confirm that You wish to purchase the optional Services.

3.4         Velocity reserves the right to change its Subscription Fees or billing methods at any time. We will provide timely notice to affected Customers of any such changes.

3.5         Velocity requires payments for services by credit or debit card or via Paypal unless otherwise agreed in advance. Velocity will charge You in British Pounds Sterling. You may also have to pay any applicable local taxes.

3.6         Your bank may also apply a fee for an international payment if necessary. These fees are exclusively related to Your bank. Velocity does not apply any extra charge for the international payment. If You have been charged any additional unexpected fees, please contact Your bank in order to receive more information.

3.7         Please ensure that Your payment card details are kept up to date. If Velocity is unable to process payment from Your card, Velocity regrets that it will be necessary to suspend Your Account, subscription and listing(s) until You provide Velocity with details of a valid payment card. You can do this by contacting our customer services team info@blueboxvelocity.com or by updating Your card details stored securely in Your Account. You will still be liable for any outstanding payments that could not be met when Your account was suspended.

3.8         If either party fails to pay any amount due under these Terms, the other party is entitled to charge interest on the overdue amount, from the due date up to the date of actual payment (after as well as before judgement), accruing on a daily basis at the rate of 2% per annum.

4             TERMINATION

4.1         These Terms will continue for the Duration unless and until terminated by either party in accordance with these Terms.

4.2         If You have selected a Fee Model which has a:

(a)          Duration that is stated to automatically renew upon expiry then the Duration shall automatically renew upon expiry provided: (i) payment has been received by Velocity; and (ii) neither party gives the other party written notice prior to the end of the then current Duration to terminate these Terms, in which case these Terms shall terminate without payment of any compensation or damage due to such termination.

(b)          fixed Duration such as the Seller Services, then these Terms shall automatically expire at the end of the Duration.

4.3         You may end Your subscription for the relevant Services by contacting Your account manager (if You have one), following the cancellation links in Your Account or contacting Velocity’ customer services team at info@blueboxvelocity.com. To avoid being charged the Subscription Fees or any other fees, Velocity must receive Your written cancellation notice one week in advance of the renewal of the Duration. Any outstanding monies due on Your account must be settled prior to giving notice.

4.4         Either party may terminate these Terms immediately on giving written notice where the other party:

(a)          breaches any of these Terms (including by non-payment of any fees) and does not remedy the breach, if the breach is capable of being remedied, within seven (7) days after receiving notice of the breach;

(b)          breaches any of these Terms and the breach is not capable of being remedied; or

(c)           becomes insolvent or goes into liquidation or has a receiver or manager appointed of any of its assets or becomes insolvent, or makes any arrangement with creditors, or becomes subject to any similar insolvency event in any jurisdiction.

4.5         Where Velocity has a right to terminate these Terms, Velocity may instead suspend Your use of the Services or the Website for any definite or indefinite period of time.

5             CONSEQUENCES OF TERMINATION

5.1         Termination of these Terms is without prejudice to any rights and obligations of the parties accrued up to and including the date of termination. On termination of these Terms:

(a)          You will immediately cease to use the Services; and

(b)          Velocity will remove Your Content from any Partner websites or advertising mediums and will suspend Your access to the Services.

5.2         Clauses 5, 7, 8, 9 and 11 of part 1 of these Terms and Clauses 3 and 5 of part 2 of these Terms shall survive the expiry or termination of these Terms.

 

PART 3: ADDITIONAL TERMS FOR THE SELLER/FUNDRAISE SERVICES

1             GENERAL

1.1         The Website enables advertisements of the sale of entire businesses and/or business franchises on Partner Websites and other advertising mediums. Velocity is not regulated by the Financial Conduct Authority or any other regulatory body and You are strictly prohibited from offering any form of shares, bonds, securities, collective investment schemes or anything similar via the Website. Please contact Velocity at the above address or email our customer services team at info@blueboxvelocity.com if You are in any doubt as to whether You can advertise Your business.

1.2         You must have the authority and permission of all parties who have a legal interest in the business or franchise, including shareholders, partners and investors, to advertise the business or franchise on our Partner Website and by displaying the advertisement on the Partner Website, You confirm that the advertisement of the business or franchise is for the whole of such business or franchise (and not any part, share, module or element).

1.3         Velocity provides the Website which gives You the opportunity to advertise the sale of Your business or franchise. Velocity does not carry out any investigations or due diligence into the Buyers, Sellers or Brokers who use the Website, or into the legitimacy of any statements made on the Website. Velocity strongly recommends that You make every effort to check and verify offers personally or through Your professional advisers/agents.

1.4         Already If You are contacted by a third party through Your use of the Website who appears to be non bona-fide or who acts dishonestly or incorrectly in any way or who contacts You for any other purpose than to negotiate the purchase of the item You have advertised (such as sale of its services), You should contact Velocity at the above address or email our customer services team at info@blueboxvelocity.com forthwith setting out full details.

1.5         You warrant that the Content of the advertisement You place on the Partner Website will be complete, true and accurate.

1.6         You agree to indemnify Velocity against all claims, demands, actions, proceedings, costs, losses, expenses or damages it may incur howsoever arising whether direct, indirect or consequential as a result of Your use of the Website or breach of these Terms, including, but not limited to, arising out of Your obligations under any regulation or legislation relevant to the country in which Your listing is added.

1.7         Velocity reserves the right to refuse to upload and/or to remove any business listing if, in its reasonable opinion, consider such listing to be improper, fraudulent or otherwise not bona fide.

1.8         Velocity reserves the right to edit any business listing if, in its reasonable opinion, believe such editing will improve the quality of the Website. Velocity does not allow the display of a Seller’s contact details within a business listing. All Buyer messages will be delivered to Sellers via the Website. Velocity reserves the right to edit listings and remove any contact details included.

1.9         The decision where to place a listing within the index of business categories shall be at the sole discretion of Velocity and other third-party Partner providers.

3             OUR COMMUNICATION WITH YOU

3.1         Velocity shall have the right to make contact with You as necessary once You have registered and paid for one of our Services.

3.2         Our communication with You shall be to monitor progress, advise on best practice in selling a business and make suggestions as to further actions You may take if needed.

  1. OUR SERVICES TO YOU

Velocity will endeavour to provide the following Services:

4.1         The Saleablity score/Fundraise score are tools to assist You with valuing Your business, which is based on You inputting the information required by the tool on this Website. The output from this tool is provided as a written report and is dependent upon the accuracy of information You input into the tool.

You should not rely on, or take (or not take) any decision based on any information or results obtained through this tool. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of valuation before making decisions about Your business based on the output from this tool. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.

Velocity may use the data inputted by You into the tool on an anonymous basis for Velocity’ own business purposes.

4.2         Prospectus: We will prepare you with a prospectus document using the information you have provided us with. This will vary in length depending on either choosing, Premium or Classic.

The prospectus is a service to help you articulate the investment case for your business, which is based on You inputting the information required by the tool on this Website. The output from this tool is provided as a written report and is dependent upon the accuracy of information You input into the tool.

Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken by You based on any information, opinions or advice contained within this document

You should not rely on, or take (or not take) any decision based on any information obtained through this tool. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of valuation before making decisions about Your business based on the output from this tool. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.

Velocity may use the data inputted by You into the tool on an anonymous basis for Velocity’ own business purposes.

4.3         Health check: Velocity will prepare a report that identifies a range of matters that we believe the management team need addressing in advance of sale.

The Health check is a service to help you assess areas of the business that need further investigation, which is based on You inputting the information required by the tool on this Website. The output from this tool is provided as a written report and is dependent upon the accuracy of information You input into the tool.

Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken by You based on any information, opinions or advice contained within this document

Velocity may use the data inputted by You into the tool on an anonymous basis for Velocity’ own business purposes.

4.4         List of Buyers/Investors: We will prepare you with a shortlist of potential names who may buy you business. This will vary in length depending on either choosing, Premium or Classic.

The is a service to help you identify a list of buyers for your company, which is based on You inputting the information required by the tool on this Website. The output from this tool is provided as a written report and is dependent upon the accuracy of information You input into the tool.

Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken by You based on any information, opinions or advice contained within this document

You should not rely on, or take (or not take) any decision based on any information obtained through this process. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of valuation before making decisions about Your business based on the output from this tool. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.

Velocity may use the data inputted by You into the tool on an anonymous basis for Velocity’ own business purposes.

You agree to process all data provided in accordance with current Data Protection Legislation. Together with our Partner Websites, we pass on prospective buyer information as part of a contract between us and the prospective buyer, and as part of this contract with You. It’s in your legitimate business interests to contact said buyer about the advertised business opportunity, franchise, commercial property, or related service. In order to market to those users further you will need to gain your own consent or define your own legal basis for processing.

We shall, in relation to any Personal Data used in connection with the performance by Us of Our obligations:

(a)          collect, store and use the data in accordance with Our Privacy Policy which is displayed on the Website;

(b)          maintain complete and accurate records and information to demonstrate its compliance with the Data Protection Legislation; and

(c)           notify You without undue delay on becoming aware of a Personal Data breach relating to Your Personal Data.

You consent to Velocity appointing third-party processors of Personal Data and Velocity shall enter any third-party processor into a written agreement, incorporating terms reflecting those set out in this clause.

4.5         Online Promotion: Velocity will provide the business access to a wide variety of potential buyers to give You the opportunity to advertise the sale of Your business or franchise. Velocity does not carry out any investigations or due diligence into the Buyers, Sellers or Brokers who use the Website, or into the legitimacy of any statements made on the Website. Velocity strongly recommends that You make every effort to check and verify offers personally or through Your professional advisers/agents.

If You are contacted by a third party through Your use of the Website who appears to be non bona-fide or who acts dishonestly or incorrectly in any way or who contacts You for any other purpose than to negotiate the purchase of the item You have advertised (such as sale of its services), You should contact Velocity at the above address or email our customer services team at www.Velocity.co.uk forthwith setting out full details.

You warrant that the Content of the advertisement You place on the Website will be complete, true and accurate.

(a)          You agree to indemnify Velocity against all claims, demands, actions, proceedings, costs, losses, expenses or damages it may incur howsoever arising whether direct, indirect or consequential as a result of Your use of the Website or breach of these Terms, including, but not limited to, arising out of Your obligations under any regulation or legislation relevant to the country in which Your listing is added.

(b)          Velocity reserves the right to refuse to upload and/or to remove any business listing if, in its reasonable opinion, consider such listing to be improper, fraudulent or otherwise not bona fide.

(c)           Velocity reserves the right to edit any business listing if, in its reasonable opinion, believe such editing will improve the quality of the Website. Velocity does not allow the display of a Seller’s contact details within a business listing. All Buyer messages will be delivered to Sellers via the Website. Velocity reserves the right to edit listings and remove any contact details included.

(d)          The decision where to place a listing within the index of business categories shall be at the sole discretion of Velocity.

(e)          Online promotion includes one months online advertising. Further Fees will be payable should You wish to increase the amount f time Your Business is advertised.

 

4.6         Suite of Editable Templates

Velocity will provide the business with a range of business templates that are of value to a sale process.

These documents are a service to give you templates only. All information put onto the templates are the sole responsibility of the user.

Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken by You based on any information, opinions or advice contained within this document

4.7         Outbound Approaches: Should you choose the Premium package or if purchased as a standalone item; Velocity will make outbound approaches on your behalf and instigate the communication with the potential purchasers.

Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken these approaches

You should not rely on, or take (or not take) any decision based on these approaches. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of valuation before making decisions about Your business based on the output from this tool. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.

Outbound Approaches include an email to up to two relevant contacts within each target company and a LinkedIn message (if possible) to each contact.

4.8         Helpline: Velocity will provide you with a helpline to a dedicated team of advisers to answer any questions or queries that you may have.

Should you decide to use the helpline, Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken through these conversations.

You acknowledge that Velocity cannot guarantee the accuracy or timeliness of the helpline, but will endeavour to provide responses in a timely manner.

You should not rely on, or take (or not take) any decision based on any information or results obtained through this helpline. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of advice before making decisions about Your business based on information from these advisors. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.

PART 4:               ADDITIONAL TERMS FOR THE BUYER SERVICES

1             GENERAL

1.1         This Website and our Partner Websites enable advertisements of the sale of entire businesses and/or business franchises and provides the ability for Buyers to contact Sellers. Velocity is not regulated by the Financial Conduct Authority or any other regulatory body.

1.2         You should only contact a party advertising on this Website or our Partner Website if You have a genuine interest in purchasing the business or franchise being offered, You should not contact any person for any other purpose such as offering Your or any third party’s goods or services or otherwise seeking to solicit business in any way.

1.3         If You are contacted by a third party through Your use of this Website or our Partner Website who appears to be non bona-fide or who acts dishonestly or incorrectly in any way, You should contact Velocity at the above address or email our customer services team at info@blueboxvelocity.com  forthwith setting out full details.

1.4         You hereby agree to indemnify Velocity against all claims, demands, actions, proceedings, costs, losses, expenses or damages it may incur howsoever arising whether direct, indirect or consequential as a result of Your use of this Website or our Partner website.

  1. OUR SERVICES TO YOU

Velocity will endeavour to provide the following Services:

2.1         Buyer Readiness Score The Buyer Readiness Score is a tool to assist You with preparing your business to make an acquisition, which is based on You inputting the information required by the tool on this Website. The output from this tool is provided as a written report and is dependent upon the accuracy of information You input into the tool. This is only an indicative readiness value as there are many other factors which would need to be taken into account to determine if a business is ready for an acquisition.

You should not rely on, or take (or not take) any decision based on any information or results obtained through this tool. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of valuation before making decisions about Your business based on the output from this tool. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.

Velocity may use the data inputted by You into the tool on an anonymous basis for Velocity’ own business purposes.

2.2         Approach Correspondence: We will prepare you with a tailored correspondence using the information you have provided us with.

The correspondence is a tool to help you articulate the acquisition case for your business, which is based on You inputting the information required by the tool on this Website. The output from this tool is provided as a written report and is dependent upon the accuracy of information You input into the tool.

Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken by You based on any information, opinions or advice contained within this document

You should not rely on, or take (or not take) any decision based on any information obtained through this tool. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of valuation before making decisions about Your business based on the output from this tool. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.

Velocity may use the data inputted by You into the tool on an anonymous basis for Velocity’ own business purposes.

2.3         List of Targets: We will prepare you with a shortlist of potential names who be relevant for an acquisition. This will vary in length depending on either choosing, Premium or Classic

The list is a service to help you identify a list of buyers for your company, which is based on You inputting the information required by the tool on this Website. The output from this tool is provided as a written report and is dependent upon the accuracy of information You input into the tool.

Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken by You based on any information, opinions or advice contained within this document

You should not rely on, or take (or not take) any decision based on any information obtained through this process. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of valuation before making decisions about Your business based on the output from this tool. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.

Velocity may use the data inputted by You into the tool on an anonymous basis for Velocity’ own business purposes.

You agree to process all data provided in accordance with current Data Protection Legislation. Together with our Partner Websites, we pass on prospective buyer information as part of a contract between us and the prospective buyer, and as part of this contract with You. It’s in your legitimate business interests to contact said buyer about the advertised business opportunity, franchise, commercial property, or related service. In order to market to those users further you will need to gain your own consent or define your own legal basis for processing.

We shall, in relation to any Personal Data used in connection with the performance by Us of Our obligations:

(a)          collect, store and use the data in accordance with Our Privacy Policy which is displayed on the Website;

(b)          maintain complete and accurate records and information to demonstrate its compliance with the Data Protection Legislation; and

(c)           notify You without undue delay on becoming aware of a Personal Data breach relating to Your Personal Data.

You consent to Velocity appointing third-party processors of Personal Data and Velocity shall enter any third-party processor into a written agreement, incorporating terms reflecting those set out in this clause.

2.4         Valuation Support Velocity will provide an indicative valuation for your target business.

You should not rely on, or take (or not take) any decision based on any information or results obtained through this tool. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of valuation before making decisions about Your business based on the output from this tool. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.

Velocity may use the data inputted by You into the tool on an anonymous basis for Velocity’ own business purposes.

2.5         Health check: Velocity will prepare a report that identifies a range of matters that we believe the management team need addressing in advance of an acquisition.

The Health check is a service to help you assess areas of the business that need further investigation, which is based on You inputting the information required by the tool on this Website. The output from this tool is provided as a written report and is dependent upon the accuracy of information You input into the tool.

Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken by You based on any information, opinions or advice contained within this document

Velocity may use the data inputted by You into the tool on an anonymous basis for Velocity’ own business purposes.

 

2.6         Suite of Editable Templates

Velocity will provide the business with a range of business templates that are of value to a sale process.

These documents are a service to give you templates only. All information put onto the templates are the sole responsibility of the user.

Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken by You based on any information, opinions or advice contained within this document

2.7         Outbound Approaches: Should you choose the Premium package or if purchased as a stand alone item; Velocity will make outbound approaches on your behalf and instigate the communication with the potential purchasers.

Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken these approaches

You should not rely on, or take (or not take) any decision based on these approaches. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of valuation before making decisions about Your business based on the output from this tool. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.

Outbound Approaches include an email to up to two relevant contacts within each target company and a LinkedIn message (if possible) to each contact.

2.8         Helpline: Velocity will provide you with a helpline to a dedicated team of advisers to answer any questions or queries that you may have.

Should you decide to use the helpline, Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken through these conversations.

You acknowledge that Velocity cannot guarantee the accuracy or timeliness of the helpline, but will endeavour to provide responses in a timely manner.

You should not rely on, or take (or not take) any decision based on any information or results obtained through this helpline. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of advice before making decisions about Your business based on information from these advisors. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.

Part 5: Additional Services:

Third Party Support: Velocity will provide you access with a range of expert advisors including, but not limited to, HR, tax, legal and insolvency experts. Velocity will facilitate these meetings and you acknowledge that Velocity’s responsibility ends at the moment of introduction to said services.

Should you decide to use these 3rd party support services, Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken through these conversations.

You should not rely on, or take (or not take) any decision based on any information or results obtained through these services. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of advice before making decisions about Your business based on information from these advisors. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.

Cash Flow Model: Velocity will be able to advise you an existing cash flow model or help you create a new model from scratch.

Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken by You based on any information, opinions or advice contained within this document

The Cash flow model check is a service to help you build your own cash flow, which is based on You inputting the information required. These services are reliant on you as the customer completing the majority of work required to complete this and ensure ownership of said model stays on the customer.

Should you decide to use these cash flow model services, Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken through these conversations.

You should not rely on, or take (or not take) any decision based on any information or results obtained through these services. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of advice before making decisions about Your business based on information from these advisors. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.

Velocity may use the data inputted by You into the tool on an anonymous basis for Velocity’ own business purposes

 

Electronic Data Room: Velocity will provide you access to a private Data Room to manage all of your documentation.

The Customer is solely responsible for all Use of the Software, including User actions and User administration, and access or integrations by third parties and Integrated Applications on its behalf or instruction. The Customer is solely responsible for the content and legality of the Customer Data, and shall not transfer or process harmful code, data or similar (such as viruses) to or with the Software, nor use the Software for unlawful or malicious purposes.

Users are administered by, and the responsibility of, the Customer. Users must have been granted the necessary rights from the Customer to Use the Software. All User accounts are for single named individuals. For clarification, the Customer may assign User accounts to third party individuals performing actions on behalf of and for the benefit of the Customer, such as the Customer’s auditor, consultant and similar.

The Customer is the Data Controller for Customer Data, and agrees and/ or guarantees as applicable that:

  1. the Customer hereby instructs Velocity to Process the Customer Data only on behalf of the Customer, and only for the purpose of and to the extent necessary to provide the Software in a secure and professional manner, in accordance with and to fulfil the TOS and applicable data protection law;
  2. the Customer is the owner of or otherwise has the right to transfer the Customer Data, including Personal Data, to the Software for processing, and that the Customer has the responsibility for the accuracy, integrity, content, reliability and legality of such Data
  3. it is the Customer’s duty as Data Controller to notify, to the extent required by applicable law, the relevant supervisory authorities and/ or Data Subject in the event of any Breach of Personal Data
  4. Velocity will not publish any comment, testimonial or similar made by a Customer or User without prior consent.

Should you decide to use these data -room services, Velocity can accept no responsibility nor liability whatsoever, for any claims, costs, losses, expenses or damages howsoever arising whether direct, indirect or consequential in respect of any omissions or consequences of actions taken through these conversations.

Value my Business: Velocity will provide a full valuation of your business based on other transactions and companies in your sector.

You should not rely on, or take (or not take) any decision based on any information or results obtained through this tool. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of valuation before making decisions about Your business based on the output from this tool. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.

 

Monthly Support: Should you choose monthly support, Velocity will provide you up to 10 hours of support from one of our trained Corporate Finance advisors.

You should not rely on, or take (or not take) any decision based on these approaches. Any actions or decisions that You take are entirely at Your own risk. You should seek advice from a professional adviser or seek an alternative method of valuation before making decisions about Your business based on the output from this tool. Velocity does not provide financial advice or services and it is not regulated by the Financial Conduct Authority.