Terms of Service

1. About Kibbl

Kibbl is a financial data verification platform operated to support the sale of UK small and medium-sized businesses (“SMBs”). Kibbl enables business brokers to collect, verify, and present financial data from a seller’s bank accounts and accounting software, and to generate a structured financial summary report for use in the business sale process.

These Terms of Service (“Terms”) govern your use of the Kibbl platform. By registering for or using Kibbl, you agree to these Terms.

2. Eligibility

Kibbl is intended for use by UK-based business brokers acting in a professional capacity. By registering, you confirm that:

• You are a business broker or act in a capacity facilitating the sale of UK businesses.
• You are at least 18 years old.
• You are authorised to enter into these Terms on behalf of any business you represent.
• Your use of the platform complies with all applicable UK laws and regulations.

3. Broker responsibilities

Seller consent

Before sending a seller a Kibbl magic link, you must have a legitimate basis for requesting access to their financial data. You are responsible for:

• Ensuring the seller is aware of and has consented to their financial data being shared via Kibbl.
• Only initiating deals for genuine, lawful UK business sale transactions.
• Ensuring any mandate or engagement letter with the seller covers the use of Open Banking and accounting software data access for due diligence purposes.

Permitted use of data

Financial data accessed through Kibbl may only be used for legitimate financial due diligence in connection with the specific business sale transaction for which it was collected. You must not:

• Share Kibbl reports or underlying financial data with parties unconnected to the transaction.
• Use data for purposes other than evaluating the business being sold.
• Retain data beyond the period reasonably necessary for the transaction.
• Attempt to circumvent the platform’s access controls or extract raw data in bulk.

4. Data accuracy and disclaimer

Specific limitations include:

• EBITDA figures are approximations based on reported net profit and identified depreciation line items. Interest and tax adjustments are not applied.
• Expense categorisation uses automated classification and may not match an accountant’s classification.
• Transaction data is limited to the history available from the seller’s bank via Open Banking, which varies by provider.
• Reconciliation between bank and accounting records does not constitute a formal audit.

5. Subscription and billing

• Pricing — the standard subscription is £250 per month (plus VAT where applicable). Pricing may change with 30 days’ notice.
• Free deal — your first deal is available without a subscription. A subscription is required to create further deals.
• Billing — subscriptions are billed monthly in advance via Stripe. Your card will be charged on the same date each month.
• Cancellation — you may cancel your subscription at any time via the Kibbl billing page. Your access continues until the end of the current billing period. No refunds are issued for partial months.
• Failed payments — if a payment fails, we will attempt to retry. Access may be suspended if payment cannot be collected.

6. Intellectual property

All software, design, and content comprising the Kibbl platform is owned by or licensed to Kibbl. You are granted a limited, non-exclusive, non-transferable licence to use the platform for the purposes set out in these Terms. You may not copy, modify, reverse-engineer, or redistribute any part of the platform.

Financial data and reports generated through your use of Kibbl remain the property of the relevant broker and seller, as appropriate.

7. Limitation of liability

To the fullest extent permitted by applicable law:

• Kibbl’s total aggregate liability to you for any claims arising under or in connection with these Terms shall not exceed the total subscription fees paid by you in the 12 months preceding the claim.
• Kibbl shall not be liable for any indirect, consequential, special, or incidental losses, including but not limited to loss of profit, loss of business, or loss of data.
• Kibbl is not liable for any decision made by a broker, buyer, seller, or any other party on the basis of a Kibbl report or any data accessed through the platform.
• Kibbl does not warrant that the platform will be uninterrupted or error-free, or that third-party data sources (TrueLayer, Xero, QuickBooks) will be available at all times.

Nothing in these Terms limits liability for death or personal injury caused by negligence, fraud, or fraudulent misrepresentation, or any other liability that cannot be excluded or limited by law.

8. Termination

We may suspend or terminate your access to Kibbl immediately if you breach these Terms, engage in fraudulent activity, or use the platform in a way that is harmful to third parties. Upon termination, your right to use the platform ceases immediately. Clauses that by their nature survive termination (including liability, data retention, and governing law) shall continue to apply.

9. Governing law

These Terms are governed by the laws of England and Wales. Any disputes arising from or in connection with these Terms shall be subject to the exclusive jurisdiction of the courts of England and Wales.

10. Changes to these Terms

We may update these Terms from time to time. Material changes will be notified by email to registered brokers at least 14 days before taking effect. Continued use of Kibbl after the effective date constitutes acceptance of the updated Terms.

11. Contact

For questions about these Terms: ricoashmore2003@gmail.com