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INDEPENDENT M&A ADVISORY · UK & EUROPE

INDEPENDENT M&A ADVISORY · UK & EUROPE

Most M&A advice is built for institutions.
We built ours for the owner.

We partner with business owners and acquirers on the transactions that define what comes next.

About Us

The Antithesis of a
Traditional M&A Firm.

Selling the business you spent decades building, or pursuing the acquisition that defines what comes next, is the kind of decision that arrives quietly — and changes everything. You start asking questions you've never asked before. What is it worth. Who would value it most. Whether now is the moment.

Stone & Co exists for that moment. We bring the rigour of institutional advisers and the perspective of people who have built and run businesses themselves — and we are here to make sure the most consequential transaction of your life is the right one.

"Wehavebeenonbothsidesofthetable.Thatexperiencechangeseverythingabouthowweadvise."
"Wehavebeenonbothsidesofthetable.Thatexperiencechangeseverythingabouthowweadvise."
"Wehavebeenonbothsidesofthetable.Thatexperiencechangeseverythingabouthowweadvise."

£1m–£50m

Revenue focus

Where advice makes the greatest difference

£1m–£50m

Revenue focus

Where advice makes the greatest difference

Technology-native

By design, not by retrofit

Capabilities that used to be institutional-only

Technology-native

By design, not by retrofit

Capabilities that used to be institutional-only

Fractional M&A

On your team, on your side

For as long as you need us

Fractional M&A

On your team, on your side

For as long as you need us

Expertise

What we do, in detail.

Three core mandates. Five supporting services. All of it partner-led.

Three core mandates. Five supporting services. All of it partner-led.

01

Sell-Side Advisory

Maximise value. Control the process.

We prepare your business for sale and lead the full mandate — financial narrative, buyer identification, outreach, offer management, negotiation, due diligence, close. Engagements are partner-led from the first meeting to the final wire. We work with a small number of owners at any one time, because we don't believe a transaction worth seven figures deserves anything less than full attention.

02

Buy-Side Advisory

Find the right target. Win the deal.

We work with acquirers across every channel — brokered processes, off-market origination, sector mapping, direct approaches to private businesses. We then run the deal end to end: qualification, valuation, diligence coordination, negotiation, close. Whether you're a first-time acquirer, a serial buyer, or a PE-backed platform, the work is the same: find the right target, structure the right deal, close cleanly.

03

Exit Preparation

Build the value. Sell on your terms.

The number a buyer pays is set long before a business reaches the market — by how it actually runs. We get under the hood and work on the things that move the valuation: operational systems, growth strategy, customer concentration, margins, reporting, and how much still depends on the owner. We also make the business AI-native — re-engineering how it operates to cut cost and unlock growth, the kind of step-change a buyer pays a premium for.

Valuation & Readiness Report

Information Memorandum

Due Diligence Coordination

Business Integration

01

Sell-Side Advisory

Maximise value. Control the process.

We prepare your business for sale and lead the full mandate — financial narrative, buyer identification, outreach, offer management, negotiation, due diligence, close. Engagements are partner-led from the first meeting to the final wire. We work with a small number of owners at any one time, because we don't believe a transaction worth seven figures deserves anything less than full attention.

02

Buy-Side Advisory

Find the right target. Win the deal.

We work with acquirers across every channel — brokered processes, off-market origination, sector mapping, direct approaches to private businesses. We then run the deal end to end: qualification, valuation, diligence coordination, negotiation, close. Whether you're a first-time acquirer, a serial buyer, or a PE-backed platform, the work is the same: find the right target, structure the right deal, close cleanly.

03

Exit Preparation

Build the value. Sell on your terms.

The number a buyer pays is set long before a business reaches the market — by how it actually runs. We get under the hood and work on the things that move the valuation: operational systems, growth strategy, customer concentration, margins, reporting, and how much still depends on the owner. We also make the business AI-native — re-engineering how it operates to cut cost and unlock growth, the kind of step-change a buyer pays a premium for.

Valuation & Readiness Report

Information Memorandum

Due Diligence Coordination

Business Integration

01

Sell-Side Advisory

Maximise value. Control the process.

We prepare your business for sale and lead the full mandate — financial narrative, buyer identification, outreach, offer management, negotiation, due diligence, close. Engagements are partner-led from the first meeting to the final wire. We work with a small number of owners at any one time, because we don't believe a transaction worth seven figures deserves anything less than full attention.

02

Buy-Side Advisory

Find the right target. Win the deal.

We work with acquirers across every channel — brokered processes, off-market origination, sector mapping, direct approaches to private businesses. We then run the deal end to end: qualification, valuation, diligence coordination, negotiation, close. Whether you're a first-time acquirer, a serial buyer, or a PE-backed platform, the work is the same: find the right target, structure the right deal, close cleanly.

03

Exit Preparation

Build the value. Sell on your terms.

The number a buyer pays is set long before a business reaches the market — by how it actually runs. We get under the hood and work on the things that move the valuation: operational systems, growth strategy, customer concentration, margins, reporting, and how much still depends on the owner. We also make the business AI-native — re-engineering how it operates to cut cost and unlock growth, the kind of step-change a buyer pays a premium for.

Valuation & Readiness Report

Information Memorandum

Due Diligence Coordination

Business Integration

Honouring What You Built.

Honouring What You Built.

Defining What Comes Next.

Not sure which fits? Start with a 30-minute conversation. No obligation.

Not sure which fits? Start with a 30-minute conversation. No obligation.

The Full Transaction Lifecycle. And Everything Before It.

We advise on transactions across the full M&A lifecycle — from preparation to close, from sell-side mandate to off-market acquisition. Every capability we have, every connection we've built, every lesson we've earned — brought to bear on the deal that will define what comes next.

We advise on transactions across the full M&A lifecycle — from preparation to close, from sell-side mandate to off-market acquisition. Every capability we have, every connection we've built, every lesson we've earned — brought to bear on the deal that will define what comes next.

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Months  —  Ideal preparation window before going to market.

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Months  —  Ideal preparation window before going to market.

0%

0%

Of deals repriced or abandoned — Per the Dealsuite UK M&A Monitor. Most are avoidable.

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0%

Of deals repriced or abandoned — Per the Dealsuite UK M&A Monitor. Most are avoidable.

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0x

0x

EBITDA multiple range  —  The gap between a prepared and unprepared sale in our segment.

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EBITDA multiple range  —  The gap between a prepared and unprepared sale in our segment.

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£0m-

£0m

£0m

Our focus  —  The segment most underserved by institutional advisory.

£0m-

£0m-

£0m

£0m

Our focus  —  The segment most underserved by institutional advisory.

Why Stone & Co

Unconventional.
Unbureaucratic.
Personal.

Four reasons owner-managed businesses choose us over the institutions and the brokers.

Entrepreneurial DNA

We have built businesses, raised capital, managed teams, and sold companies. We understand what a buyer is looking for before they ask — because we have been on the other side of that conversation.

Off-Market Origination

Origination is our engine. We use market intelligence and direct outreach to find sellers before they reach a broker, and targets before they reach the market — on both sides of every deal.

Partner-Led, Always

The partner you meet in the first conversation manages your transaction through to close. No hand-off to juniors. The attention your deal deserves, throughout.

AI-Augmented Advisory

Market mapping, buyer intelligence, exit diagnostics, deal research. Capabilities that were previously institutional-only — built into every mandate we run.

The Newsroom

Strong opinions.
Properly researched.

The newsroom is where we write what we actually think — about what buyers pay for, where deals collapse, what preparation is worth. Written for the person making the decision, not the person selling to them. Strong opinions, properly researched, written in plain English.

Sell-side

Entrepreneurial

Buy-Side

Corporate management team leading a strategic business meeting, highlighting the importance of separating the owner from daily operations.

May 20, 2026

The Business That Cannot Run Without You Is Worth Less Than You Think

The mistakes that collapse deals are made twelve months before the negotiating table.

Sell-side

Entrepreneurial

Buy-Side

May 20, 2026

The Valuation Gap: Why Most UK Business Owners Go to Market at the Wrong Price

What your business is worth depends on who is asking, and how well you've prepared them to see it.

Entrepreneurial

Buy-Side

May 20, 2026

Buying Growth Is Faster Than Building It — But Only If You Know What You're Actually Buying

While acquisition is the fastest way for UK businesses to scale, the strategy only works if you know your exact goals and where to look—and most don't.

Sell-side

Entrepreneurial

Buy-Side

Corporate management team leading a strategic business meeting, highlighting the importance of separating the owner from daily operations.

May 20, 2026

The Business That Cannot Run Without You Is Worth Less Than You Think

The mistakes that collapse deals are made twelve months before the negotiating table.

Sell-side

Entrepreneurial

Buy-Side

May 20, 2026

The Valuation Gap: Why Most UK Business Owners Go to Market at the Wrong Price

What your business is worth depends on who is asking, and how well you've prepared them to see it.

Entrepreneurial

Buy-Side

May 20, 2026

Buying Growth Is Faster Than Building It — But Only If You Know What You're Actually Buying

While acquisition is the fastest way for UK businesses to scale, the strategy only works if you know your exact goals and where to look—and most don't.

In Case You Were Wondering

In Case You Were Wondering

FAQs

Got questions? We’ve got answers. Here’s everything you need to know about working with us.

1. How long does a business sale take?

2. What is my business actually worth?

3. When should I start planning for an exit?

4. Who would buy my business?

5. What if I've already had an offer?

6. Adviser or broker — what's the difference?

7. How do you protect confidentiality during a sale?

8. How do your fees work?

Considering a transaction? Let's talk…

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Considering a transaction? Let's talk…

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The right conversation starts earlier than most people think.

Whether you are preparing for a sale, exploring an acquisition, or want to understand what your business is worth before deciding anything — let's talk.

Whether you are preparing for a sale, exploring an acquisition, or want to understand what your business is worth before deciding anything — let's talk.

How we work.

Discreet, confidential, and never on commission-only retainers. We're paid to think clearly, not to push a deal.

Discreet, confidential, and never on commission-only retainers. We're paid to think clearly, not to push a deal.

Who we work with.

Owners considering an exit. Acquirers pursuing the right target. Founders preparing the business for what comes next.

Owners considering an exit. Acquirers pursuing the right target. Founders preparing the business for what comes next.

Insights for the people on the owner's side of the table.

Occasional notes from Stone & Co on the M&A market - valuations, the decisions that define what comes next, and the opportunities most firms never surface. Written for owners and acquirers, not for the inboxes.

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© 2026 Stone & Co. All rights reserved.

© 2026 Stone & Co. All rights reserved.

Stone & Co is a trading name of Enablematic Consulting Agency Ltd.
Registered Office address of the Company is First Floor Office, 3 Hornton Place, London, W8 4LZ, UNITED KINGDOM.
Company Registration Number: 16695138

Stone & Co is a trading name of Enablematic Consulting Agency Ltd.
Registered Office address of the Company is First Floor Office, 3 Hornton Place, London, W8 4LZ, UNITED KINGDOM.
Company Registration Number: 16695138