Business and Share Valuation Services
Price is What You Pay. Value is What You Get.
Overview
Whether you are raising funds, planning an acquisition, or defending a share premium to the Income Tax Department, the quality of your valuation can make or break the transaction. Our registered valuers deliver defensible reports grounded in first-principles analysis.
Who this service is for
Valuation work is for promoters raising funds, companies issuing shares to investors or employees, groups entering a merger or slump sale, and businesses that need a defensible number for the Income Tax Department, a bank or a court. We also value intangibles, machinery and real estate where the transaction requires it.
The report has to survive a question from someone who did not build the model. We write for that reader: assumptions are stated, the method is explained and every adjustment has a reason.
What we do
Business Valuation
Equity Valuation (Tax)
Asset Valuation
Litigation Support
How the engagement works
-
Purpose and standard
We confirm why the valuation is needed and which standard or rule applies, because a valuation for fundraising, ESOP accounting and Section 56 tax can produce different numbers from the same business.
-
Information and model
We collect three to five years of financials, budgets, contracts, debt and related-party details, then build or review the model. Management assumptions are tested against history and industry benchmarks.
-
Cross-checks
The primary method is tested against at least one other approach, such as comparable companies or a recent transaction. Where the results diverge, we explain why rather than averaging them away.
-
Draft report
You see a draft with the numbers, the sensitivity analysis and the caveats before it is signed. Questions at this stage often improve the final report.
-
Final report and support
The signed report is issued with the working file retained. If the report is later questioned by a bank, investor or tax authority, we support the position with the underlying analysis.
What you can expect
A valuation should do more than satisfy a form. It should tell you what drives value in the business, which assumptions matter most and what has to be true for the number to hold. That is useful in the negotiation as well as in the filing.
Frequently asked questions
When is a registered valuer required?
A registered valuer is required for several Companies Act transactions, including specified share issues, mergers, demergers and buy-backs, and for certain income tax purposes. The exact requirement depends on the transaction, so confirm the rule before appointing anyone.
Which valuation method do you use?
We normally use discounted cash flow as the primary method for a going concern, tested against market multiples or a recent transaction. Asset-based methods are used where the business is asset heavy or where the transaction requires a floor value.
How long does a valuation take?
A straightforward share valuation takes two to three weeks after the information is complete. Complex groups, intangibles or a contested matter can take four to six weeks. The timetable is agreed at the start and depends mostly on how quickly the data arrives.
Can you value shares for angel tax or Section 56?
Yes. We prepare Rule 11UA valuations for unlisted shares, including the discounted cash flow and net asset value methods, and issue a report that can be filed with the return and produced if the assessment is challenged. The report sets out the method, the assumptions and the sensitivity to the key inputs.
Do you value intangible assets?
Yes. Brand, customer relationships, technology, non-compete agreements and internally developed software are valued using relief-from-royalty, excess earnings or replacement cost methods as appropriate. These reports are often needed for purchase price allocation. The method depends on whether the asset has a measurable income stream or a replacement cost.
Will a bank or investor accept the report?
Banks, investors and auditors generally accept a reasoned report from a registered valuer with a clear method and supporting file. We are happy to speak to their advisers and answer questions before the report is finalised, and we can join a call if that is quicker.
What information do you need from us?
Audited accounts for three to five years, current management accounts, budgets, debt and lease schedules, customer and contract data, related-party transactions and any previous valuation. A data request goes out at kick-off. If a document does not exist, we record that and adjust the method rather than assume a number.
Can you support the valuation after it is filed?
Yes. We retain the working papers and can provide a clarification letter, attend a meeting with the department or respond to a reviewer's questions. The report is not the end of the engagement if the number is challenged.
How do you value a business with no reliable forecast?
We build the forecast from the operating history, capacity, order book and industry data, then stress-test it. Where the future is genuinely uncertain, we use a scenario range and explain what would have to be true for each case, rather than presenting a single number as certainty.
Talk to the partner who will run this engagement.
A short call is usually enough to say whether we are the right fit.