We produce tailored buy-side due diligence outputs that provide acquirers and their funders and investors, with insights and clarity on the financial health of a business.
We work with clients to agree a bespoke due diligence scope of work, encompassing key risk areas. We would typically cover the following areas for a full scope engagement:
Historical trading performance
Normalised earnings
Current year outturn and forecast trading
Balance sheet position, and consideration of off-balance sheet liabilities
Normalised working capital and net debt calculations
Cash flow and headroom
Financial systems and controls
Deal mechanics (e.g. locked box and completion accounts considerations)
SPA and wider deal considerations including Enterprise Value to Equity Value Bridges, commentary on completion accounts mechanics
Taxation including Corporation Tax, Employment Tax, VAT and Excise Duty, R&D review and Capital Allowances
