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Pre-Lend Due Diligence Review of a Recruitment and Professional Services Plc.

Pre-Lend Due Diligence Review of a Recruitment and Professional Services Plc.

EuroVals Services-reporting

Background

European Valuations was engaged by Parity Group Plc, a London based data and technology-focused recruitment and professional services company providing organisations with both temporary and permanent skilled IT and data resources.

AIM listed and trading for more than 45 years Parity works with some of the UKs largest organisations in key markets such as central & local government, education, health, retail, and housing.

European Valuations worked with Parity’s advisers, FRP Debt Advisory, who managed the debt raising process and directed the detailed scope of our work which included a pre-lend due diligence review of the accounts receivable incorporating a detailed analysis of the accrued income for potential funding purposes.

Our report was utilised by Leumi ABL who structured and provided a £9m ABL facility to support the company’s working capital requirements.

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