Valuation
Valuing a business, a shareholding or a loss means producing a figure that will be contested — by a counterparty, by a judge or by the tax authorities. Our Valuation department builds documented, defensible conclusions.
What is at stake
Price comes out of a negotiation; value comes out of a method. Confusing the two exposes you to symmetrical risks: selling below what the business is worth, or paying more for an acquisition than it will ever return. Independent valuation exists precisely to make the debate objective before it begins.
Our work applies several approaches — asset-based, cash flow and market comparables — whose results are compared and then weighted. Assumptions are made explicit, sources are traced, and differences between methods are explained. That traceability is what allows a report to hold up against an opposing analysis.
Our services
Establishing what a business or a shareholding is worth, ahead of a shareholder decision or a transaction.
Securing a transaction by testing whether the proposed price and the underlying assumptions survive scrutiny.
Quantifying economic loss on a documented basis, acting as a party-appointed expert.
Establishing a value when shareholders no longer agree, under the articles or the shareholders' agreement.
Methods
No single method stands alone. Comparing them, and explaining the differences that comparison reveals, is where the value of a valuation report actually lies.
How it runs
Definition of what is being valued, the valuation date, the context and the recipients of the report. These parameters drive the choice of methods.
Analysis and normalisation of historical accounts, critical review of the business plan, interviews with management, collection of market data.
Several approaches are applied, sensitivities are tested on the key assumptions, and the results are compared and then weighted.
A report setting out the approach, the assumptions and the limitations of the work. Oral presentation and, where needed, defence of the conclusions.
Your enquiry
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