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Management Due Diligence

"Due diligence" is a term used for a number of concepts involving either an investigation of a business or person prior to signing a contract, or an act with a certain standard of care. It can be a legal obligation, but the term will more commonly apply to voluntary investigations.

A common example of due diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for acquisition.

What’s different about our Management Due Diligence framework

•	It focuses on the future not the past; assess how your management team enable you to move forwards and grow
•	It gives you objective criteria to interview new managers and directors against;
•	It allows you to objectively and effectively manage your senior team upwards or outwards
•	It assesses gaps in your strategy, process, infrastructure and environment;
•	It enable you to provide objective and measurable evidence to financial institutions should you require funding / investment.

How it works

•	Your business is benchmarked against any number of the Best Practice Frameworks  as part of a diagnostic assessment
•	The suggested minimum frameworks are Finance & Accounting and The Human Audit

What you get

•	A clear route map of improvements required for the business to achieve best practice
•	Business improvement solutions, timescales and costs are prioritised within a project plan
•	The Project Plan can be used as the basis of a transparent, proactive and open discussion between the Bank and client if funding is required. It allows the Bank to ensure client projects can be tied into released tranches of funding
•	Identified bespoke solutions to provide an account managed service using P3 resources and those from wider professional networks

Why use it

Primarily the Frameworks support best management practice.  They are also commonly used to support businesses who are grooming themselves for sale / acquisition, who are considering management buyout or who are preparing for flotation.

The Best Practice Frameworks are recognised by both the public & private sector, have been independently audited by Deloitte and are approved by Government Office.

What it costs

This service has been competitively priced to encourage SME take up into completing this Best Practice diagnostic process.  The only two mandatory elements within the diagnostic process are the Finance & Accounting and the Human Audit Best Practice Frameworks.  You can pick and mix which other Best Practice Frameworks you are benchmarked against depending on specific needs at the point of assessment.

Following the Best Practice Diagnostic Assessment you then receive your own bespoke action plan of solutions to be used internally as you wish or with the assistance of P3 resources.

Contact us to talk through your specific needs and we can explain the process in more detail and provide you with a no obligation quote.