Case Studies

Due Diligence

Brief

A UK based Funder approached De Vere Intellica to provide Due Diligence reports on three prospective guarantee providers for a substantial new facility.

Work Undertaken

Within 48hours of receiving the instructions we were able to ascertain that two of the three individuals did not own the assets reflected in the statements of assets and liabilities provided to the Funder and that the third subject used 3 different variations of his name at Companies House to hide prior appointments, all with companies currently undergoing liquidation or administration. In addition there was clear links to other known companies where various Funders’ experiences were not positive.

Outcome

Funder declined to provide a facility to the three individuals and potentially stopped a loss occurring at some point in the near future.