What is Due Diligence on external security?
Do you intend to sell or lease a business premises or real estate where hazardous substances are present? A Due Diligence external safety check verifies whether the legal obligations in the field of external safety are met or can be met. We also map out the possible consequences: both current risks and future investments in new or stricter policies.
External safety
What are we investigating?
- Compliance check of the necessary permits and notifications
- Current security situation and any shortcomings compared to the law
- Status of PGS15 storage, ARIE or Seveso obligations
- ADR and transport of dangerous substances, if applicable
- Expected investments due to upcoming stricter policies (e.g. fire safety and storage)
- Connection to the Environmental Permit and relationship with the BAL
What do you get?
A clear and concise report containing potential red flags that require further attention or clarification. This document can be used immediately in transaction negotiations, funding requests, or as a basis for negotiating the purchase price and guarantees.
Our approach
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01
Document scanning
We start by scanning all relevant documents: permits, notifications, RI&E, ARIE documentation, emergency plans, and previous inspection reports.
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02
Site visit and interviews
A tour of the location and conversations with the responsible staff provide insight into the practical situation. What is written on paper does not always correspond to what we encounter in practice.
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03
Risk analysis
We analyze the situation as it exists against the current legislation and the expected developments. What red flags are there now, and what will be waiting in a few years?
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04
Reporting and advice
You will receive a clear report with conclusions, red flags and recommendations. Including an estimate of the potential investments that are needed to remain compliant.
Frequently asked questions
Questions about this subject
Who engages a Due Diligence external security service?
Especially buyers of business premises or companies where hazardous substances are present. Sometimes sellers also want to bring the safety situation to light proactively before the transaction takes place. Financial institutions often ask for this as well.
How long does a Due Diligence take?
That depends on the size and complexity of the company. A quick scan can be completed within a week, while an extensive process including a site visit usually takes three to six weeks.
Can you also help to solve risks after the acquisition?
Yes. After the transaction, we can address the identified red flags: update permits, set up ARIE pathways, improve PGS15 records, or implement a safety management system.