DRAFT v0.1 / FILE REF CDD/2026/UK-MID-MKT / INDEPENDENT REFERENCE - NOT M&A ADVICE
§ CHAPTER VI
VI.

Risk Register

Chapter VI of the seven-chapter CDD spine.

§ DIRECT ANSWER

Chapter VI of the CDD spine: Risk Register. The chapter answers the IC’s primary question for this leg of diligence and cites the primary UK sources it draws on. Source: ICAEW Corporate Finance Faculty; BVCA Industry Activity.

Chapter VI lists every red flag the diligence has surfaced, scored red, amber or green. Red kills the deal or drives an SPA fix. Amber is a price-chip lever. Green is documented and parked.

§ 1.1Red-flag taxonomy

  • Customer concentration / churn
  • Market structural threat
  • Competitive displacement
  • Regulatory exposure
  • Unit economics decay
  • Management capability gap

§ 1.2Template

See /templates/risk-register/ for the column structure.

§ 1.3Tie to synthesis

Every red item appears verbatim on the one-page IC summary (chapter VII). No surprises.

VERIFIED 21 JUN 2026NEXT REVIEW 21 SEP 2026SRC: ICAEW CF; BVCA Industry Activity 2025-26

Marked-up by Oliver Wakefield-Smith. Draft v0.1, 21 June 2026.