Advisory & Due Diligence
Financial clarity and strategic insight for transactions and growth, from pre-deal due diligence through to modelling, completion and integration.
Let’s talkWhere we sit in the deal cycle
Transactions fail on diligence findings far more often than on price. Bringing an adviser in early is cheaper than renegotiating late.
- Before market
Preparation and vendor diligence
Getting the numbers, the quality of earnings story and the data room to a state that survives a buyer’s scrutiny. Problems found now are yours to fix; found later they are the buyer’s to price.
- Buy-side
Financial due diligence
Quality of earnings, working capital, net debt and the commitments that do not appear on the balance sheet. We tell you what we found, not what you hoped we would find.
- Sell-side
Supporting the process
Responding to buyer questions with consistency, defending the adjustments, and keeping management focused on running the business rather than the data room.
- Listing
Listing support
We support management across every financial workstream of a UK listing, from working capital models and FPPP documentation to the historical financial information. We also field the queries that come from the reporting accountant and the lawyers, knowing first-hand what sponsors, nomads and the FCA require.
- Post-deal
Integration and first reporting
The first accounts after a listing are the most important, with increased regulation and disclosure to meet. We support IFRS conversion, accounting for technical matters, the preparation and maintenance of interim and year-end financial statements, and the design and implementation of controls within the finance department.
What we do
Financial Due Diligence
Quality of earnings, working capital, net debt and the commitments that do not appear on the balance sheet, identified before a transaction.
Quality of Earnings
Detailed assessment of earnings sustainability, normalisation adjustments and underlying profitability.
Working Capital Analysis
In-depth review of working capital trends, seasonality and requirements to support deal negotiations.
Transaction Advisory
End-to-end transaction advisory from pre-deal analysis through to completion and post-deal integration.
Financial Modelling
Financial models built to be interrogated: driver-based, with the assumptions written down, for valuations, forecasting, scenario analysis and investment decisions.
Performance Review
Operational and financial performance reviews to identify improvement opportunities and strategic insights.
Situations where we add value
When acquiring
Understanding what you're buying with thorough financial and operational due diligence.
When scaling
Providing financial clarity and strategic insight as your business scales.
When financial visibility is limited
Identifying gaps in financial reporting and building the analysis needed for confident decisions.
When preparing for transactions
Getting your business transaction-ready with vendor due diligence and financial preparation.
Our footprint
Available across our offices
Further reading
Our thinking on this
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Advisory & Due Diligence What a Reporting Accountant Actually Does on a Listing The reporting accountant is central to a listing and poorly understood outside the process. The workstreams, the documents, and where timetables slip. -
Advisory & Due Diligence Preparing for Diligence Before the Buyer Arrives Deals are lost in diligence more often than in negotiation. What to fix in the twelve months before a sale, and why finding your own problems is cheaper. -
Advisory & Due Diligence Working Capital Pegs and How Deals Get Repriced The working capital mechanism decides how much you actually receive. How the peg is set, where sellers lose money, and what to negotiate before signing.
Work with us
Ready to get started?
Every engagement starts with understanding your business. Reach out to discuss how we can help.
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