Case Studies: Kier


£3.3bn – Construction and infrastructure services

Areas of operations:

BM&T were engaged by Kier, a leading UK publicly quoted construction company in the pre-acquisition due diligence of Tilbury Douglas, an underperforming subsidiary of Interserve. BM&T evaluated the balance sheet and P/L issues of the target that had suffered a significant loss of accounting records. The BM&T evaluation and report highlighted too many unquantifiable risks, and significant unexplained balances in the accounting records for Kier to proceed and the proposed acquisition was aborted.

Company Doctor's Diary

Notes, insights and reflections from Matthew, one of our directors and turnaround experts, as he works with companies during Lockdown.