When you contact us one of our qualified valuers will ring you back.
We will need to ascertain:
- Who requires the valuation and who will be our client?
- The purpose of the valuation?
- What is to be valued – The entity – the ownership structure – which bit is to be valued?
- The nature of the business – what industry is it in – how long has it been going – is it growing or declining – is it profitable – what assets and liabilities does it have – how big is the business – what is the management structure – what is the customer profile like?
- What is known about the real or potential buyers and sellers of the business?
- What documentation is available.
Based on this preliminary conversation we will:
- Recommend the appropriate valuation technique (Virtually every valuation we do is different, but we will always consider adjusted earnings multiple, asset valuation, dividend yield, and open market comparisons.)
- Send an initial list of documentation required (Typically, accounts, share registers, business plans and projections, evidence of recent transactions, sales ledger reports and marketing literature, personnel structure, procedures manuals, property valuations.)
- Give you a timetable
- Prepare a quotation
If the quotation is accepted we will require you to accept our terms and conditions, provide proof of identity (to comply with money laundering regulations) and we may ask you to provide bank details in consideration of obtaining payment by direct debit.
In most cases we receive all the documentation we require by email. We almost always have further questions and make further requests for documentation.
We have no objections to working in your premises or viewing your business, but this will inevitably increase costs.
We will prepare a draft valuation and submit it to you for comment or (hopefully) approval. If appropriate we quite often recommend that you consider showing the draft to other parties at this stage, their comments or approval now might reduce conflict and cost later. We find that clarity of methodology and calculations mean that in practice almost all valuations are accepted.
We are always able to post the final written Valuation Report within 7 days of receiving all the information that we require, usually, this is also within 7 days of starting work on the project.
We will send an invoice with the valuation and if you have supplied bank details will debit payment 14 days later.
On hearing that HMRC agreed to drop all of their penalties, Pete Dixon emailed us:
“Hey Phil - thank God for that! Thank you for such a superb job/result and the peace of mind. Enjoy the rest of the week. Cheers Pete“
After receiving help and support with QuickBooks:
“Thanks so much for your help today. It really will revolutionise my accounting”
After receiving a Hornbeam business valuation:
“Thanks for the valuation Phil, our barrister said it was the best she had ever seen”
“No one could have fought my corner against the tax man with more determination, intelligence or technical expertise”
Dr John Wade
“Phil, this has been an amazing journey, one that has seen us go from strength to strength. We have achieved something I never dreamed of, financial security, and just as important peace of mind. Thank you for being you, and for the strength and encouragement when things were uncertain. Thank you for being our friend”