The terms
- Prices are in pounds sterling (or the equivalent amount in US dollars or euros) and exclude VAT.
- Half of the fee is payable when you commission the review, and half on acceptance of the final report. The Private Information Decision Document is the one exception: its fee is payable on commissioning. Invoices are due fourteen days from issue; fees quoted in US dollars or euros are converted once, at the Bank of England rate on the date of the engagement letter.
- Our fee is fixed. No part of it depends on a financing, a sale or any other transaction.
- Every figure in a review carries its source and can be recomputed from the workbook we deliver with it.
- Nothing in a review is published or shared outside the engagement.
- The first conversation and the Public Information Decision Document cost nothing (see a sample review); the work starts when a review or a Private Information Decision Document is commissioned.
- Additional Modules, the Continuing Review and the Fund Plan are on terms agreed for each engagement.
- A fund can commission any of these reviews on a company it holds or is considering, with the company's agreement. The company receives the same review when the client releases it; the client receives every version first and decides the release.
Acceptance. The client's named acceptor has five working days from delivery of the complete final deliverables to accept them or to list defects — a figure that does not recompute, a missing or non-supporting source, an omitted required analysis or deliverable, or an agreed instruction not applied. We correct notified defects within five working days and redeliver; a timely notified defect is not accepted by silence. If no defect notice is given in the five working days, the deliverables are accepted and the second half of the fee is invoiced, due fourteen days from the invoice.
The credits
The Private Information Decision Document. If you commission the review within thirty days of this document's delivery, we deduct its fee from the payment due on commissioning.
The next review up the ladder. For the same company, the fee paid for a review is credited in full against the next review up the ladder commissioned within twelve months: the Market and Funding Review, then the Growth and Funding Review, then the Shareholder Return Review, then the Extended Shareholder Return Review.
Each product's specification
Paid-work times start when the information request is complete. The free document is counted from the company's name. Prices in pounds sterling, exclude VAT.
Public Information Decision Document
- Length
- 8–12 pages.
- Time
- In about a week of the company's name.
- Fee
- Free.
Private Information Decision Document
- Length
- 8–12 pages.
- Time
- About ten days after the information request is complete.
- Fee
- 20% of the review's fee, credited against it.
Market and Funding Review
- Fee
- £15,000, excluding VAT.
- Length
- About 40 pages.
- Time
- The decision document in about ten days; the final report within two weeks.
- The evidence
- The company's own information and the public record. No interviews. Public and sector evidence first.
- What it excludes
- Customer and pricing evidence and detailed competitive analysis, which are in the Growth and Funding Review; the full range of strategic options valued on the shareholders' return, which is the Shareholder Return Review.
Growth and Funding Review
- Fee
- £30,000, excluding VAT.
- Length
- About 70 pages.
- Time
- The decision document in about ten days; the final report within three weeks.
- The evidence
- The company's own information and the public record, with customer and pricing evidence from the company's own sales, pricing and retention records. No interviews.
- What it excludes
- The full range of strategic options valued on the shareholders' return at each exit, which is the Shareholder Return Review.
Additional Modules
- What it is
- Divisional analysis; an M&A target or partner review; an updated strategic review. On an existing review's information. Strategic analysis, never due diligence on a target.
- Fee
- Terms to be agreed.
Continuing Review
- What it is
- The strategic review re-issued quarterly or when the board asks, for twelve months.
- Fee
- Terms to be agreed.
Fund Plan
- What it is
- The Continuing Review across the portfolio companies of a fund, each board receiving its own review, with the evidence and the format adapted to the fund.
- Fee
- Terms to be agreed.
Your information
Before you send confidential company information, we sign a mutual confidentiality agreement. One named person at Evidmere reads it. The software reads it under its model provider's terms, which permit no training on your information; we confirm this to you in writing. It is kept in the United Kingdom for twelve months after delivery of the final report, then deleted — the originals, the text copies, the outputs and the label key; copies in the cloud service's recycle cycle clear within 93 days of that. Earlier deletion on your written instruction, confirmed within ten working days. The engagement record — the letter, the invoices and the dates — is kept as a business record.
Information comes through a named-person upload link or your own file site, never by email.