The business transactions landscape in the UK is on the cusp of a significant transformation with the launch of miqo, a cutting-edge online marketplace developed by the regulated law firm Rubric Law. This platform, which is set to debut in 2024, is positioned as the UK’s first M&A platform that integrates a fully automated legal service, making it a game-changer for brokers, business transfer agents, and corporate finance specialists.
“miqo is set to be a game-changer in the business sales market. We’ve built a platform that not only simplifies transactions but also brings much-needed innovation to the industry. Our automated legal document generation feature is a first in the market and demonstrates our commitment to making business sales as efficient and cost-effective as possible.”
James Howell – Managing Director, Rubric Law
miqo is not just another business sales platform. It is a comprehensive solution designed to simplify and streamline the traditionally complex and costly process of buying and selling businesses. Offering an array of features that cater to both sellers and buyers, miqo ensures that every aspect of the transaction process is efficiently managed, from business valuations to legal documentation and marketing.
Revolutionising the Role of Business Transfer Agents
For business transfer agents, miqo offers an unparalleled suite of tools designed to enhance efficiency and success rates. One of the standout features is the free business valuation calculator, enabling agents to quickly and accurately assess the value of the businesses they represent. This is complemented by a robust buyer verification system that ensures each buyer is financially qualified, thus reducing the risk of failed transactions.
Perhaps most notably, miqo’s automated legal service is a first-of-its-kind innovation in the market. This feature simplifies the due diligence process by providing a range of bespoke legal documents, including non-disclosure agreements, heads of terms, due diligence questionnaires, data rooms, and sale and purchase agreements. This automated approach not only reduces the time and cost associated with legal processes but also mitigates the risk of errors, ensuring smoother transactions.
miqo further empowers agents with an AI-powered due diligence report generator. This intelligent system analyses uploaded documents, extracting key insights and generating comprehensive reports that help in making informed decisions. Additionally, the platform includes an Information Memorandum (IM) builder, allowing agents to create professional presentations that effectively attract serious buyers.
The platform’s deal management system is another crucial feature, offering agents the ability to track and manage each transaction efficiently. This, combined with the fast transaction and payment processing capabilities, enables agents to close deals more quickly, thereby increasing their overall output.
To foster collaboration and knowledge sharing within the industry, miqo also provides a free forum where professionals can network, share insights, and discuss industry trends. Furthermore, the platform facilitates direct communication between agents and buyers, enhancing negotiation effectiveness and improving the chances of successful deal closures. To support agents in marketing their listings, miqo offers access to a range of marketing collateral, ensuring that each business is presented to potential buyers in the best possible light.
Empowering Buyers with Transparency and Efficiency
For buyers, miqo represents a significant advancement in how businesses are purchased in the UK. The platform provides access to a diverse range of business listings across various industries and locations, all of which are thoroughly verified to ensure authenticity and accurate representation. This level of transparency is further enhanced by the platform’s real-time transaction visibility, allowing buyers to monitor the progress of their purchases at every stage.
miqo’s automated legal service offers buyers substantial savings on legal fees, as it includes bespoke legal documentation created by experienced corporate lawyers. This feature, coupled with the platform’s user-friendly interface, makes browsing and purchasing businesses not only cost-effective but also effortless.
Security is a top priority for miqo, as evidenced by its secure data room feature. Buyers can review detailed business information with confidence, knowing that their data is protected. Moreover, the platform’s direct messaging system ensures smooth communication between buyers and sellers, facilitating negotiations, offers, and payments.