UK Intangible Assets

[PaulR]

Hi,

I am looking for some general advice on Intangible Assets on the balance sheet of a company I am looking to buy.

Currently there are £152,000 of intangible assets on the balance sheet, however the offer I am looking to make is based on multiples of EBITA so the company I buy from will have received payment for these.

If I purchase the business, do the intangible assets sitting on the balance sheet disappear or will they remain on the balance sheet until they are fully amortised?.

Thank you.

 

[kirby]

You have to find out exactly what these are. If a patent , that's OK if that transfers to you. If goodwill from a prior acquisition, that will vanish. So get the details.

 

[PaulR]

You have to find out exactly what these are. If a patent , that's OK if that transfers to you. If goodwill from a prior acquisition, that will vanish. So get the details.

Thank you Kirby, It is good will from a prior acquisition, I will have an accountant look at it all, but wanted to know what I was looking at.

Thanks Again