Nordic Working Capital Peg
The peg is the most common source of post-completion dispute. We build it from the native ledger export so it ties to source rather than a retyped trial balance.
Discuss a dealWhat we do
Period-end and LTM average
The peg is set on the LTM average, not the period-end snapshot. We show both side by side so a buyer can see the seasonality and trend.
Component-type tagging
Every line item tagged by type: inventory, receivables, payables, accruals, other. So a buyer can see exactly what sits in each bucket.
Adjustment schedule
Reported NWC walked to adjusted NWC: one-off stock build, obsolete stock provision, bad debt normalisation, stretched creditors, bonus accrual smoothing.
Sweden — SIE4 detail
SIE4 gives us voucher-level support behind every working capital line. A buyer asking 'what sits behind this cost line?' gets an answer from the file rather than a new data request.
Norway, Denmark, Finland
The same structure applied to SAF-T exports for Norway and native GL exports for Denmark and Finland.
Frequently asked questions
What is the difference between reported and adjusted NWC?
Reported NWC is what the balance sheet shows. Adjusted NWC removes one-offs, normalises stretched creditors and provisions for obsolete stock. The peg is set on the adjusted number.
How many periods do you need?
Three years plus the current year to date. The LTM average needs at least twelve months of data; three years gives a buyer confidence in the trend.
Can you work from monthly management accounts?
Yes. Monthly accounts are the minimum. Weekly data is better for seasonal businesses, and we will ask for it where the target has it.
Want this for your deal?
Send the ledger export or data room index. We will confirm scope and timing within one business day.
Book a consult Get the data-request list