Birchfields, Blake House, 18 Blake Street, York, YO1 8QG
Birchfields, 15 Queen Square, Leeds, LS2 8AJ
Birchfields, Birchfields Chartered Accountants, Birchfields Forensic Accountants and Birchfields Corporate Finance are trading styles of Birchfields Accountants Limited, company no. 10355693, registered in England and Wales.
Birchfields Forensic Accountants: Business Valuations
We have extensive experience in carrying out business valuations, including many Single Joint Expert engagements.
Valuations are typically required in shareholder and partnership disputes, matrimonial arrangements and contractual disputes.
We deal with businesses of different sizes and complexity and over a wide range of activities.
Other recent assignments
Case Study - Business Valuation in Matrimonial Proceedings: High Street Retailer
In addition to the provision of a business valuation in matrimonial proceedings, we undertook a review of the drawings of the applicant, commented on the income available to the applicant and the amount of income undrawn, but reasonably expected to be available to the applicant in the near future. We also commented on the liquidity of the business in relation to its ability to pay dividends.
Case Study - Business Valuation: Construction Industry Contractor
In a matrimonial dispute, a valuation was prepared for the wife's shares in a construction industry business which provided infrastructure to a small number of major utilities providers.
The wife was a director and had a complex portfolio of shares with varying rights. There were added complexities due to the trading nature of the business. Most work was undertaken in 3 year contracting cycles and the business had variable profit levels, which depended on the stage of contract completion and involved substantial estimations, apportionments of costs and provisions.
Case Study - Business Valuation: Plant Hire Partnership
This instruction required the valuation of a construction equipment plant hire partnership.
One of the partners was planning to retire, so the partnership sought a business valuation and guidance as to how the exiting partner could feasibly be paid from current cash reserves and future profits.
The valuation and advice provided to the client considered the necessity to replace the outgoing partner and involved full consultation with all partners. This achieved a satisfactory result, which was accepted by all parties.
Case Study - Business Valuation: Restaurant Chain
In this case Graham Garbett was instructed, as single joint expert, to prepare a business valuation in divorce proceedings between two of the three owners of a chain of restaurants.
The business had grown from a one unit sole trader to a multi-site partnership, but lacked a clear partnership structure and rewards system.
The business valuation was accepted by the parties involved. However, complications in this case arose in the allocation of that valuation to the partners. In the absence of any form of written agreement, Graham produced a number of different calculations which reflected the input by the partners, measured in terms of years in the business, hours worked and previous history of profit sharing. The calculations were presented as a report to the parties who were charged with agreeing a number of assumptions, narrowing the range of results and ultimately agreeing value share.
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