Meet with a Due Diligence Advisor
Welcome to the introduce a Due Diligence Advisor page. Neil, tell me about this page.
Well if a user has got to this page and they are clicking on this video, the chances are that they have decided to do a deal and they need to appoint an advisory team. One aspect of that team can be a due diligence advisor. Now due diligence advisors are there to check out a business. So if you are acquiring a business, they are there to check out that what you've been told about the business is fundamentally true. That your assumptions about the business in deciding to do a deal at a certain price are true and they really take away the risk, or at least highlight what the risk is so that you can make an informed decision at the closing of a transaction. Due diligence advisors fit into a number of camps, the most common are financial due diligence, so there are accountants who effectively a similar process to an audit and make sure that the financials are what they say they are.
You also have commercial due diligence advisors who go in and do due diligence on whether the business market position is what it says it is. The most common thing that the due diligence advisor does is customer referencing which can also be used post-deal as a market research but you also have environmental advisors, HR due diligence advisors and depending on the complexity of the transaction and the particular risk factors you may need to appoint these guys.
An acquirer looking to appoint one of these advisors to advise them on this complex area of the transaction, if they approach us whether through a web enquiry form or phone up Corporate Finance TV or Management Buy Out TV, we will put together a beauty parade of people that we know, that we’ve worked with systematically over a number of years and take out the risk that they are basically going to get a duff advisor. Organise that beauty parade so that they know, whoever they choose out of the three or four people that they meet they are going to get a good service.