Are business brokers regulated?

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No is the quick answer and no is the even longer answer. In the UK anyone can set up as a business broker to buy and sell businesses. There are quite literally 100s if not 1000s of individuals, businesses, estate agents, accountants and lawyers who assist with the sale and purchase of businesses. There is no regulation of business brokers at all, although essentially the services most provide are simply advertising and marketing assistance, rather than any actual professional advice.

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Do you provide accountancy practice valuations? Are business brokers regulated? What underhand tactics do business brokers use? How secure is our data? Do you offer due diligence services?