Our Verification Standards
Most platforms use the word without defining it. Below is the specific meaning of every status label on Vareth, including its limits.
Confirming that a person is who they claim to be is a different exercise from confirming that a company exists, which is different again from reviewing documents, which is nothing at all like auditing financial statements.
Blurring those creates a specific and predictable harm: a buyer relies on a badge as though diligence has been done, and discovers otherwise at expense. So we separate them, and we say what each one covers.
Means: We have reviewed the individual's identity, the organization they represent, and their role within it. Does not mean: That the participant will behave properly, respond promptly, or complete a transaction. It is an identity check, not a character reference.
Means: We have reviewed evidence that the entity exists and is active, and that the person submitting it is an owner or an authorized representative. Depending on the opportunity, this may include business registration and status, incorporation or licence documentation, ownership or authority records where available, and public-record checks for significant liens, judgments or obvious discrepancies. Does not mean: That the company's financial statements are accurate, that its valuation is supportable, or that its future performance is assured.
Means: Specified supporting documents were received and checked for basic internal consistency at a marketplace level. Does not mean: An audit, a quality-of-earnings review, or due diligence of any kind. We are checking that the picture hangs together, not certifying the figures.
Means: Revenue, EBITDA, growth and similar metrics were supplied by the seller or their authorized representative. Does not mean: That Vareth independently calculated, recalculated or guaranteed those figures.
Adjusted EBITDA is not an observable fact. It is the output of judgments: which costs are non-recurring, which owner expenses are genuinely add-backs, how compensation should be normalized, what belongs in working capital. Two competent professionals can review identical records and reach different numbers, both defensible.
A tax return can support parts of a financial picture without proving a normalized EBITDA figure. So a marketplace that stamps "verified EBITDA" on a listing is either doing quality-of-earnings work (a substantial, expensive engagement) or overstating what it has done.
We do not do that work, so we do not make that claim. We label figures as seller-reported and tell you what documentation supported them.
How a figure appears on Vareth Seller-reported EBITDA: $2.4M. Supporting documents reviewed at marketplace level. Buyers must perform independent financial due diligence.
Sellers are entitled to know that a buyer request is not idle curiosity. Before a buyer receives opportunities, we review identity, organization and business email, their role and decision-making involvement, and their acquisition mandate in detail.
Where it is appropriate to the opportunity and the buyer type, we also review track record or relevant acquisition experience, and funding approach or financial capability.
That last review is risk-based rather than uniform. A corporate development team at an established acquirer and a first-time individual buyer do not warrant the same scrutiny, and pretending otherwise would be theatre.
| Situation | What we do |
|---|---|
| Discrepancy found before introduction | Pause the opportunity, request clarification, correct or reject. No buyer credit is consumed. |
| Honest seller error found after introduction | Update the profile, notify affected buyers, reassess eligibility. Credit or replacement introduction may be offered where the error was material. |
| Apparent intentional misrepresentation | Suspend or remove the participant, preserve records, notify affected parties. Refund or credit considered under the buyer agreement. |
| Vareth transmitted incorrect information | Correct immediately, disclose the error, review the process failure. Refund or full credit. It was our mistake. |
| Buyer diligence produces a lower normalized EBITDA | Not automatically misconduct. This is a normal diligence outcome where figures were accurately labelled as seller-reported. |
This is worth stating without hedging. Nothing on this page is a substitute for professional due diligence. Our review is a marketplace-level check designed to keep bad-faith participants and non-existent businesses off the platform. It is not designed to, and does not, establish that a business is a good acquisition at any price.
Every buyer on Vareth is responsible for their own financial, legal, tax, commercial and operational due diligence, and should engage qualified professionals to perform it.
