As part of the divorce or separation process each party is required to prepare a Form E disclosing details of their financial position to the other party. Reviewing the Form E disclosure can be daunting, especially when the information is unclear, ambiguous or overly complex.
We review Form E disclosures for accuracy and completeness, particularly in respect of the valuation of any business assets. We also assist in drafting questionnaires in order to obtain further supporting information with a view to gaining a fuller understanding of the disclosing party’s financial position.
Typically Form E disclosures will include earnings from a business and should disclose a valuation of any business assets owned (e.g. shares in a company, share of a partnership or unincorporated business). The value of a business is often a significant asset to the divorcing parties yet we have seen many Form E disclosures which ascribe a £nil value to an established profitable business.
We are highly experienced in business valuations. We review the information disclosed with Form E in order to assess the reasonableness of the stated business valuation. Where insufficient information has been disclosed in support of a business valuation, or there are discrepancies in the Form E disclosure, we identify additional questions to be asked and further information to be requested from the other party.
Typically instructed to provide independent and objective expert witness and advisory services in relation to matters involving owner-managed SME businesses.
Valuation of husband’s interest in haulage company
Review funds extracted
Comments on financial disclosure