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In-depth client analysis

  • Shadow expert

    Appointed to review and comment on a valuation of the husband’s interest in a limited liability partnership prepared by husband’s accountant in conjunction with the partnership agreement. Kate identified that the husband’s accountant had significantly discounted the value of the husband’s interest on the assumption that it could not be obtained now whereas the partnership agreement stated that it could.

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  • Single joint expert valuation plus cross examination

    Appointed as single joint expert in matrimonial proceedings to value a company operating delivery vehicles for the construction industry. The valuation was made more complex due to upcoming legislative changes in the industry and actions taken by the company in responding. Also instructed to comment on the liquidity of the company, the level of the husband’s sustainable remuneration and the most tax efficient means of extracting funds from the company without impacting its ability to continue to operate.

    We spent time understanding the business and the market in which it operated in order to conclude on its budgeting acumen and the extent on which we could rely on forecasts. Numerous forecasts were prepared for the purposes of divorce and Kate was required to give evidence at the final hearing as to how she had used the forecasts and their impact on the valuation. The judge concluded that the valuation Kate had ascribed to the business was fair.

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  • Single joint expert valuation – between Ofsted ratings

    Appointed as single joint expert in matrimonial proceedings to value a company operating a children’s nursery owned jointly by the parties. The valuation was made more complex by the fact that the nursery had recently received a poor Ofsted report and was struggling to fill places as a result, despite the fact that a revised Ofsted report was received shortly thereafter. Also instructed to comment on the ways in which value could be realised either by the sale or transfer of shares and the resulting tax consequences.

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  • Single joint expert valuation – loss of major customer

    Acting as single joint expert to value a company providing facilities management services on the assumption that the husband remains with the company or was to have no further involvement in the company. The valuation was complicated by the fact that a customer representing almost 50% of the company’s turnover had given notice to terminate its contract the month after the valuation was completed. Also instructed to comment on the taxes payable on the disposal of the parties’ shares and the liquidity of the company, including the funds which could be extracted and the maintainable income of the husband. Unusually, Kate was required to give evidence at the final hearing. The matter settled shortly after her evidence was given.

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  • Valuation for collaborative meeting

    Attending a collaborative meeting with the husband and wife to explain the valuation of their shares in a company providing light installation for private and commercial properties. Advising on the ways in which the wife’s shareholding could be transferred to the husband in a tax efficient manner.

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