01
The real earnings
If the results are inflated by one-off items or the owner's private affairs, you are paying for earnings that will not be there after the takeover. We establish the level that can actually be repeated.
Financial due diligence
We test whether the numbers behind the deal hold
A financial due diligence of the company you are considering buying – or a vendor due diligence of your own before you sell. We examine the quality of earnings, working capital, debt and the assumptions the price is built on, and give you a documented basis to negotiate from.
Why it matters
Three reasons
it cannot wait.
02
What actually moves the price
Working capital and debt often decide the final price more than the multiple does. This is where the negotiation is really won or lost – not in the EBITDA discussion. We find it before you commit.
03
A basis for the board
One report on the table instead of a gut feeling that needs defending. Your board or investment committee gets documentation of the issues that move price, structure and warranties – not assumptions.
How we work
Four steps, the same
responsible advisor.
You have one senior advisor all the way through. The method is standardised, so the pace comes from the structure and not from shortcuts.
- 01
Focused document review
We review accounts, budgets, contracts and the data room – and ask specifically for what is missing, without disturbing operations more than necessary.
- 02
Analysis and testing
We normalise the earnings, analyse working capital, debt and cash flows – and systematically stress-test the assumptions the price and the entire business case are built on.
- 03
Ongoing dialogue
If we find an issue that could break the deal, you hear it immediately – not in a report three weeks later. Time is critical in a transaction.
- 04
Report and review
You get the findings that move price, structure or warranty claims – prioritised by significance. We walk through them together before you negotiate further.
Questions and answers
What you are probably
wondering right now.
If your question is not answered here, get in touch directly. The first conversation is confidential.
Ask your question →Can't my auditor just do this?
Your auditor confirms that the accounts give a true and fair view. We assess something different: whether the earnings can be repeated after a change of ownership, what you are actually taking over, and where the price is vulnerable. The two complement each other – and we are happy to work with your auditor along the way.
What do you typically find?
Most often, assumptions that do not match reality. One example: in an acquisition case of roughly DKK 180 million, the model was built on the target's historical working capital – but the target's payment terms were being restructured. That meant an unrecognised cash drain of DKK 18–22 million in the first year. Price and structure were adjusted before the case was presented.
How long does a due diligence take?
It depends on the company's complexity and access to material – typically two to four weeks. If the transaction has a tight timeline, we organise the work around it. Our method is standardised and AI-amplified, so we can deliver fast without compromising on thoroughness.
What if I am the seller?
Then we perform a vendor due diligence: we find the problems before the buyer does. Anything the buyer's advisors discover late in the process typically costs you on the price or ends up as warranty claims. If you find it first, you can fix it, explain it – or price it on your own terms.
Other services
A transaction rarely consists of one discipline.
Contact
Is a transaction or a major decision coming up?
All enquiries are treated in strict confidence. The first conversation is without obligation, and often best had while the decision can still be influenced.
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Phone
+45 40 22 21 14Address
Ideal Finans ApS · Kongens Vænge 171 · DK-3400 Hillerød