Two advisers working through a client’s printed accounts

Due diligence

We tell buyers and lenders what they are really paying for, in three to eight weeks, led by Priya Raman, with a red flag report by day ten.

2.3

Priya Raman
Led by

Priya Raman

Profile
Latest result

Buy side review of a healthcare services group, £3.1m off the price, May 2026

Read the case
Since

2012

Reviews, 2025

24

Timeline

3 to 8 weeks

Who it is for

In their own words.

1

1.1,

Trade buyers

“We know the market. We need to know this company’s numbers.”

Boards buying a business they will run.

1.2,

Investors and lenders

“We need an independent view before the investment committee.”

Private equity, family offices and lenders.

1.3,

Sellers preparing a sale

“We want to find what a buyer will find, before they do.”

Owners commissioning a review before going to market.

The problem it solves

Know before you sign.

2

The price is in the detail

Most of what changes a price sits in the adjustments: one off costs, working capital, debt that is not called debt. We find them early and put a number on each one.

2.1
Risk

Overpaying

Risk

Hidden debt

Risk

Earnings that do not repeat

What is included, and how long

Five stages, red flags first.

3

  1. Scope and data request, week 1
  2. Red flag report, by day ten
  3. Quality of earnings, week 2 to 6
  4. Net debt and working capital, week 3 to 6
  5. Final report, week 7 to 8

Three to eight weeks, depending on scope and data. Typical ranges from our reviews since 2020.

3.1

How fees are set

Agreed in writing, before any work starts.

5

Fixed fee per scope

A fixed fee agreed against a written scope before work starts. If the scope changes, we agree the change in writing first.

5.1

Red flag report

Fixed fee

Full report

Fixed fee

Changes

Agreed in writing

Next step

Speak to the partner who leads this work.

We reply within one working day, Monday to Friday.

7

Eleanor Hart, Managing Partner

Eleanor Hart

Managing Partner

London

21 Carver Lane
London EC2V 6DN

Dubai

Level 9, Gate Village 3
Dubai, UAE