Complexity Score
3.73
High Risk Band
Day 1 Readiness
22%
Critical Risk
Value at Risk
£37.5m
15.6% of EV
Standalone Cost
£18.4m
7.7% of EV
Value Leakage
£19.1m
43% of EBITA
Adjusted EBITA
£19.7m
-56% impact on base
Methodology Note
Outputs are directional decision-support estimates for early diligence. They are designed to challenge assumptions and identify value at risk, not replace confirmatory diligence or adviser judgement.
CRITICALERP Separation Risk: Shared ERP creates dependency across IT, Finance and HR simultaneously. Day 1 technology risk is elevated — an interim access agreement must be in place before signing.
CRITICALDay 1 Readiness: Day 1 readiness at 22% — HIGH RISK band. Current profile suggests the business cannot operate independently at Day 1. Escalate as IC issue.
Top Focus Areas
Industry-adjusted risk scores — highest to lowest
1IT Separation
Critical5.50
2Governance & Day 1
High5.20
4Contract Separation
High4.80
Day 1 Readiness — 22%
Points deducted from 100 by penalty category
Complexity (score × 15)−55.9 pts
Timeline pressure−5.0 pts
Geographic complexity−5.0 pts
Final readiness score22%
Standalone Cost Breakdown
Total: £18.38m · Base scenario
Transition Programme£7.45m