Provenance DiligenceIndependent buy-side risk screen · Spain & Portugal
Red Flag Quick Scan · €99 · identified mode
the 12-tripwire shortlisting sweep · delivered within 24 hours
Illustrative sample
This is the identified mode of the €99 scan — the client supplied the exact address, so all 12 tripwires could run (in the anonymous mode, five stay blocked — see that sample →). The deal here is the same illustrative café-bar as the published €550 Decision Memo: read the two side by side and you see exactly what each tier buys. Deal figures are worked examples; the statutes are real.
Quick Scan result · identified mode
All 12 tripwires ran. No obvious public-record red flag surfaced in one pass — but five tripwires are live: succession liability, lease-assignment uplift, workforce succession, a crowded street, and an unverified revenue claim. This deal has earned a Screen — not a deposit.
With the premises pinned to an exact address, the operating entity was traced from the address — not confirmed by tax number, which this tier does not request — and the registry, insolvency and court passes returned no match against it, at one-pass depth. What this scan does with a flag is name it and cite the law behind it. What it deliberately does not do is price it: the €-models, the certificate mechanics and the demand list are Deal Screen work, and the boundary is printed below.
The 12-tripwire sweep — every check logged
| Tripwire | Result | What it found |
|---|---|---|
| 1 · Business identity traceable | ✓ Pass | Client supplied the exact address; the operating entity traced through the premises' licence record — unambiguous match with the listing. (Where an address doesn't yield one clean entity, the registry rows below come back "needs the NIF" — that's €550 intake) |
| 2 · Company registry | ✓ Pass | Entity registered and active — one pass. Ownership, capital and statutory history not read at this tier — that is Screen work |
| 3 · Insolvency registers | ✓ Pass | No filing found against the entity in one pass (dated in the delivered scan) |
| 4 · Court records | ✓ Pass | No hit on the entity name in one pass; owner-name variants and pending first-instance cases are not traced here — Screen work, then your lawyer |
| 5 · Public tax & social-security flags | ⚠ Flag | No public flag — but that is not a shield: on any going-concern purchase the succession-liability tripwire is live (Art. 42.1.c LGT); hidden debts aren't reliably public. The €-model and the certificate mechanics are Deal Screen work |
| 6 · Licence regime & holder | ✓ Pass | Activity licence + terrace licence on record for the premises; transfer conditions not analysed at this tier |
| 7 · Listing age & movement | ✓ Pass | Recently listed; no stale-ad or price-drop signal |
| 8 · Intermediary check | ✓ Pass | Owner-listed ad; the counterparty is verifiable directly |
| 9 · Premises / lease signal | ⚠ Flag | A traspaso assigns the existing lease — the landlord's statutory rent-uplift right on assignment exists (Art. 32 LAU); what it does to this deal's economics is Screen work |
| 10 · Workforce exposure | ⚠ Flag | Two employees transfer with a going concern (Art. 44 ET), one with long seniority — the per-employee severance table, with the money, is Screen work |
| 11 · Comparables & competition | ⚠ Flag | Multiple comparable venues visible around the premises at first glance — the count, the catchment and the base-rate maths are Screen work |
| 12 · Ad-text & claims patterns | ⚠ Flag | No scam-pattern language — but the claimed revenue is a seller assertion with no public verification; the plausibility model is Screen work |
Tally: 7 pass · 5 flags · 0 blocked. Every flag names the statute that makes it real — and the tier that prices it. One-pass depth means exactly that: the registries returned no match — which is not "clean", and not a finding about the company itself, since this tier never confirms it by tax number. Nothing here has been read to the bottom.
What this scan deliberately does not do — and where that work lives
- Corporate-acts history (who owned it, capital changes) → Screen
- €-models for any flag (exposure ranges, formulas) → Screen
- The tax-certificate shield and its timing → Screen
- Competition count, catchment & base-rate maths → Screen
- Revenue plausibility (capacity model) → Screen
- Per-employee severance table → Screen
- Demand-before-deposit checklist & decision box → Screen
- Evidence appendix with per-source strength & dates → Screen
€99 tells you what could kill the deal. €550 tells you how much it costs, how to shield it, and what to demand before any deposit. This exact deal, taken through the full Deal Screen: read the €550 Decision Memo → Your €99 credits toward it within 30 days — the upgrade costs €451.
Grig KochedykovProvenance Diligence · independent · no commission on the deal · I never contact the seller or broker
This is a Red Flag Quick Scan (a rapid, public-sources-only shortlisting check at one-pass depth) — not a full Screen, not legal, tax, investment or financial advice; decision support, not a decision. "No obvious red flag" means nothing surfaced in one pass. This tier does not ask for the seller's tax number, so the legal entity behind the sign is not confirmed here; a source that returns nothing is silence, not a clearance. One evidence base per order: private seller documents are not analysed at €99 even if attached; material sent after the clock starts joins your next order (with the €99 credited), never this one. Illustrative sample on the same worked deal as the published €550 memo; no real party is named. Spain-law example — Portuguese listings run the same pass against the Portuguese stack (Código do Trabalho Art. 285, AT/Segurança Social certidões, trespasse regime). Commercial opinion only.