Discovery Diligence, a new Nottingham-based financial due diligence firm, has launched and said it will offer private equity investors, acquisitive corporates and lenders a senior-led alternative to traditional transaction services models.
Founder Paul Kithoray said Discovery Diligence has been created to address what many dealmakers see as a growing disconnect between lengthy reports and real decision-making at deal speed.
“Too often, financial due diligence becomes a compliance exercise rather than a decision-making tool,” said Kithoray. “Discovery Diligence is built around delivering clear, concise insights with outputs that boards, investors and lenders can genuinely use to protect and enhance value through a deal process.”
Discovery Diligence operates a senior-led and senior-delivered model, with all engagements led directly by experienced practitioners rather than handed down through junior teams. The firm works predominantly on transactions in the £3m–£30m deal size range, supporting private equity, corporates, debt providers and their advisers.
Rather than producing lengthy, standardised reports, Discovery Diligence focuses on clearly articulated commercial issues, risks and opportunities, presented in a concise, digestible format.
Technology and AI-enabled tools are used to support efficiency and insight, but do not replace professional judgement. “Experience matters in due diligence particularly when time pressure and complexity collide,” Kithoray added.
“Technology should enhance that experience, not replace it.”
Headquartered in Nottingham, Discovery Diligence will serve clients across the Midlands and the UK, working closely with corporate finance advisers, legal firms and investment teams.
Prior to launching Discovery Diligence, Paul Kithoray held senior roles at established advisory firms, leading buy-side and sell-side engagements across a broad range of sectors and transaction sizes.