Sector Insight

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There’s something fishy going on in Cornwall!!!
When lockdown started in March many fishermen lost most of their traditional market overnight with the closure of restaurants and the reduction in business for the food service sector with the closure of offices and factories. Prime catch was selling from the boats for a tiny fraction of its usual market rate.
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Sellers beware – the unsolicited approach!
Despite difficult COVD-19 dominated market conditions there are still more quality buyers than there are good companies to buy. Some buyers understand this and use it to their advantage. They are keen to find businesses that are not for sale and situations where they have no competition, in an attempt to end up with a better “deal”.  Smart sellers should also understand this.