From global enterprises to mid-market firms, BM&T supports leaders across industries in moments of disruption and complexity. Our sector specialists bring operational insight and cross-border experience to stabilise performance, protect value, and guide recovery.

Kier

Pre-deal diagnostics and risk-led acquisition halt

Assessment and diagnosis

BM&T was engaged by Kier, a £3.3bn UK-listed construction and infrastructure group, to support pre-acquisition due diligence for Tilbury Douglas - an underperforming subsidiary of Interserve.

The target had suffered a significant loss of accounting records, with critical balance sheet uncertainties and unexplained financial discrepancies.

Our solution

BM&T’s forensic review uncovered unquantifiable risks and unresolved liabilities. Our report and recommendations gave Kier the clarity it needed to protect shareholder value and reputational risk.

The acquisition was halted. Sometimes, the best deals are the ones you walk away from - with confidence and evidence.

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