Due diligence is a key part of many transactions as it helps to ensure the accuracy and reliability of financial information, highlight any risks or liabilities, evaluate financial performance and assess a company’s financial position.
TAILORED SUPPORT
A Balanced Approach to Due Diligence
At Parsons, we provide you with clear, concise due diligence reports tailored to your needs. We work with a range of businesses providing everything from focused reviews for smaller transactions to full-scope due diligence for complex deals.
Financial due diligence
We’ll validate historical accounts including earnings, cash flow, debt and sustainability.
Commercial due diligence
Our team will review the market size in your industry, your customer base, competition, strategic positioning and growth prospects.
Tax due diligence
We will review your company’s tax compliance, historical liabilities and identify structuring or optimisation opportunities.
At Parsons, we support with both sides of due diligence – the buy side and the sell side. For management buyouts and buyins , we may undertake some or all types of due diligence.
We also offer due diligence services on other transactions including management reports and forecasts that are being used by the bank to provide funding.
If we’re working with you on the buy-side, we will:
Information Request List
Prepare an Information Request List (IRL) for the company that will be sent to the seller’s representative.
Virtual Data Rooms
Host Virtual Data Rooms where we’ll review the information and check against the IRL.
Raise queries
Raise queries and report back any concerns we’ve identified.
On the sell-side, we will:
COMMUNICATE WITH THIRD PARTIES
Work directly with the buyer’s representatives on your behalf, keeping you informed at every stage.
PROVIDE SUPPORT
Support you to collate all the relevant information and answers that the buyer requires.
MEET DEADLINES
We’ll work to a timeline that suits you, ensuring due diligence is completed efficiently.
Our accounting due diligence services are designed to give you confidence and peace of mind. Whether you’re involved in mergers and acquisitions, investments, restructuring or selling your business we’ll provide a service that you can trust.
Clear and regular communication
Our team works to timeframes that suit your needs and will be in regular contact throughout the process.
Tailored due diligence approach
We’ll adapt our services to suit your transaction, industry and objectives providing valuable insights that are relevant and actionable.
Experienced accounting team
Our qualified accountants bring extensive experience in financial due diligence.
Clear, practical reporting
We provide concise, easy-to-understand reports that highlight key risks, opportunities and financial considerations.
Support
Frequently Asked Questions
Answers to the common questions we hear from clients.
Still have questions?
Our specialist corporate finance team is available for a no-obligation conversation to clarify your specific situation.
Due Diligence is a key part of many transactions as it helps to identify any issues within a business and helps to provide a level of assurance to the business owner and any stakeholders. Accountants play an important role in due diligence by providing expert advice and guidance throughout the process.
What types of due diligence are required for mergers and acquisitions?
The types of due diligence for a merger and acquisition can vary based on the complexity of the transaction and the industry. Our corporate finance team will advise you on which are required and provide tailored support throughout the process.
Is due diligence required or is it best practice?
In the UK due diligence is not only required but is also considered best practice in business transactions. It’s a key process that helps businesses and investors make informed decisions before entering transactions. Due diligence involves a detailed investigation into the legal, financial and operational aspects of a company to identify risks, liabilities and potential opportunities.
Why do companies need due diligence?
Companies perform due diligence to mitigate risks, ensure compliance and make informed decisions before engaging in significant transactions or partnerships. Due diligence helps with risk mitigation, informed decision-making, ensures compliance with laws and regulations and builds trust and transparency. When it comes to mergers and acquisitions, due diligence is important for evaluating the compatibility of the target company with the one acquiring.
What types of due diligence does Parsons support with?
Our dedicated corporate finance team support with financial due diligence, commercial due diligence and tax due diligence. Contact us today to talk about how we can assist you and your business.
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former owner at Ridings Reprographics
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UK Trade Furnishings Limited
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Former Managing Director at Incom Systems Communication Specialists Ltd
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Local Farmer based in West Yorkshire
Discover how Parsons can support you
At Parsons, Chartered Accountants we believe that every client – an individual, start-up or an established business – should have peace of mind when it comes to their finances.
As a leading independent accountant in Yorkshire, we look after the accounting, assurance, tax planning and business advisory needs of our clients throughout the UK. As part of our service, we offer corporate finance, financial planning, payroll and bookkeeping, and outsourced financial support.
