Core Engagement

Financial modelling services

Models built to carry a live transaction — transparent structure, isolated assumptions, working integrity checks, and logic a counterparty, lender or investment committee can follow line by line without the author in the room.

When it is used

  • Live transaction processes

    Operating and returns models supporting sell-side, buy-side and financing mandates on a running timetable.

  • Fundraising and lender materials

    Models underpinning an information memorandum, investment committee paper or bank credit submission.

  • Model review and rebuild

    An inherited or acquired file that needs to be audited, corrected or rebuilt before it is relied upon.

  • Capacity on a live mandate

    Overflow modelling capacity for an advisory team already committed elsewhere, working to your conventions.

Models built

Structure follows the decision being made rather than a template, and the level of detail is set by what is actually negotiated in the transaction.

  • Three-statement operating model

    Integrated P&L, balance sheet and cash flow with working capital, debt, tax and fixed asset schedules that balance in every period.

  • LBO and debt capacity

    Sources and uses, tranche mechanics, cash sweep, covenant testing and returns attribution across entry, operations and exit.

  • Merger and accretion / dilution

    Pro forma capitalisation, purchase price allocation, synergy phasing and EPS impact under alternative consideration mixes.

  • Fundraising and cap table

    Round mechanics, dilution waterfalls, liquidation preferences and investor return outcomes across exit scenarios.

  • Model review and audit

    Formula tracing, integrity checks, error identification and a written findings note on what the model can and cannot support.

The build standard

  • Separated layers

    Inputs, calculations and outputs kept distinct, with a single assumption sheet and no hardcodes inside formulas.

  • Driver-based logic

    Revenue and cost built from volume, price, headcount or capacity — the variables that are actually negotiated.

  • Integrity checks

    Balance sheet check, cash flow tie-out, circularity control and error flags visible on the face of the model.

  • Scenario architecture

    A single switch driving every case, so downside and upside are reproducible rather than saved as separate files.

  • Reviewability

    Consistent formatting, documented conventions and a structure a third party can follow without the author present.

What is delivered

  • Working Excel model

    Fully linked, unprotected and handed over with the file structure documented.

  • Assumption sheet

    Every input in one place with source and rationale recorded against it.

  • Scenario and sensitivity output

    Case switches and sensitivity tables on the outputs that drive the decision.

  • Summary output pack

    Exhibits formatted for an investment committee, lender or board audience.

  • Handover walkthrough

    A live session through the model logic, with a revision window after delivery.

Engagement process

Typical turnaround is two to four weeks depending on scope and data availability, with interim output shared as the build develops.

01

Scoping call

The decision the model must support, the audience, the timetable and the conventions to follow.

02

Information request

A focused data list — historical financials, management information, contracts and any existing model.

03

Build with checkpoints

Interim output shared as the structure develops, so direction is confirmed before the detail is added.

04

Testing and review

Integrity checks, sensitivity runs and an internal review pass before anything is delivered.

05

Handover

Walkthrough, documentation and a defined window for revisions.

Discuss an Engagement

If you require support with financial modelling, business valuation or financial due diligence for a live transaction or strategic engagement, we'd be pleased to discuss your requirements.

Discuss an Engagement