Business Valuation

Ultimately businesses will be valued through a process of negotiation between the buyer and the seller. There isn't a single right answer, valuation isn't an exact science.

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The main reasons to value a business are:

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Incorporation of a sole trader or partnership
Divorce
Probate
Internal reward systems
Sale of the business or part sale

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The valuation process will encompass information such as

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Financial Accounts
Management Accounts
Budgets
Forecasts
Details of liabilities
Asset Valuations
Market Analysis
Client Contracts
Staff information and records
SWOT analysis

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Goodwill is often the hardest part to value. The main Valuation approaches are

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Adjusted Net Assets plus Good or Bad Will
Using Muliples
Discounted Cash Flow

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We are certified by the ACCA in Business Valuations and by Bond Solon in Part 35 and Practice Direction 35 Protocols for Expert Witnesses.

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BBA Charity News April 2024.pdf

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Charity Accounts and Independent Examination

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We prepare Charity Accounts and act as Independent Charity Examiners.

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The trustees will usually be able to choose an independent examination instead of an audit if the charity's gross income is:

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more than £25,000, but not more than £1 million , provided that
if its gross income is more than £250,000, its gross assets (fixed assets plus current assets) are £3.26 million or less

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Since 2015 charities with an income over £250,000 must use an examiner from a body listed in Appendix 5 of CC32, The Chartered Institute of Management Accountants (CIMA) is listed.

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We hold a full practising certificate from CIMA.

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We are also Affiliate members of the ACIE (Association of Charity Independent Examiners) and members of the ACAT (Association of Church Accountants and Treasurers).

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Our Charity Experts

Steve Bicknell FCMA CGMA
Chartered Management Accountant

steve@bicknells.net
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Steve works with a wide ranges of charities including Churches, Animal Charities, Sports Charities, and Community Charities. He is also the Vice Chairman of the Parish of Four Saints PCC. Previous clients include a charity that completed a multi million develop of housing for Veterans in Salisbury.

Abi Aiyegbayo ACMA CGMA
Chartered Management Accountant

abi@bicknells.net
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Abi works with multiple charities, providing strategy planning, consulting, and other financial services. The charities she works with have a variety of focuses such as fundraising for farmers in Africa, psychotherapy training, and policy advocacy