DRAFT v0.1 / FILE REF CDD/2026/UK-MID-MKT / INDEPENDENT REFERENCE - NOT M&A ADVICE
§ SECTOR
S3.

Industrials Commercial Due Diligence

Sector-specific CDD additions to the generic spine.

§ DIRECT ANSWER

Industrials Commercial Due Diligence: where the sector diverges from the generic spine, sourced to UK primary data.

Industrials CDD leans heavily on chapter IV (operations): capacity utilisation, take-or-pay contracts, customer concentration. UK manufacturing capacity data via ONS Manufacturing and Production.

§ 1.1Chapter IV additions

  • Capacity utilisation by plant
  • Throughput / OEE
  • Take-or-pay contract schedule
  • Top-10 customer concentration

§ 1.2Red flags

Customer concentration >40% on a single counterparty is conventional deal-killer territory absent a long-dated take-or-pay.

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.