Rise in investment and finance-raising increases demand for Financial Due Diligence services

Ryecroft Glenton (RG) is experiencing an increasing demand for its Financial Due Diligence services, from business owners, private equity and third party lenders.

The Newcastle-based firm’s Audit & Assurance division has seen a growth in demand for its Financial Due Diligence services.

Financial Due Diligence involves the investigation and analysis of a business’ finances, often going beyond accounting and incorporating a detailed assessment of financial, tax and operational risks.

Grahame Maughan, partner and Head of Audit & Assurance, said: “The past 12 months have been an exciting time, seeing a record demand for RG’s Financial Due Diligence services.”

“Such financial analysis is vital for any potential investor or lender. Not only do they obtain confidence in businesses that have undergone Financial Due Diligence, but the process identifies key business drivers and highlights any weaknesses, which can then be addressed, or form the basis for negotiation, prior to completion.”

“Furthermore, we are able to support businesses seeking investment by identifying weaknesses and risks and working alongside stakeholders to implement recommendations for change and improvement before third parties are involved.”

RG’s work in the last year included helping Wynyard Park-based business water supplier Everflow secure investment from private equity firm Perwyn.

The firm also advised alternative lender ThinCats on the provision of a term loan to facilitate the MBO of cybersecurity software provider SentryBay Limited.

Maughan added, “We pride ourselves on tailoring each engagement to meet our clients’ specific requirements and providing clear pragmatic and commercial insight and opinion.”

“Our work with Perwyn and ThinCats demonstrates the success of our approach, and we remain optimistic that demand will continue to increase.”

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