buying business

[pipsline123]

i purchased a business over two years ago.
at the time the previous owner supplied me with details of accounts that added up to revenue of �300,000 per annual.
now these figures are completly untrue as i have doubled business, cut back costs by more than half and uppon speaking to previous employees finding that the business was closed for 4 months of the year. so he would have to have been taking over �6,000 per week to reach this figure.
now the time has come to buy the full property do i have any legal terms as to getting money back or giving up property as not making money that was initially suggested?

[shomer42]

Look to see who did the accounts. If you have been provided with false figures and can prove it then you may have an action against someone.

[madmaggot]

You may find it difficult to prove Pips. It is up to the purchaser to carry out due diligence before purchasing the business.