A Real Estate company was considering purchase of a property and needed to perform financial due diligence to ensure there were no hidden liabilities or accounting indiscretions.
Our Resolution
- Geal & Associates LLP steered an in-depth financial due diligence assessment, focusing on key areas like historical financial performance, cash flow analysis, tax compliance, and potential off-balance-sheet liabilities.
- We also conducted a review of the company’s financial controls, inventory management, and working capital cycles.
- Geal & Associates LLP identified inconsistencies in the company’s reported inventory levels and assessed the impact of these discrepancies on the valuation of the company.
Results
- The process revealed an overstatement of inventory by excessive amount, which led to a renegotiation of the purchase price.
- The company was able to fine-tune its investment strategy and circumvent substantial financial risk by identifying the inventory issue before finalizing the acquisition.
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