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.
The main reasons to value a business are:
- Incorporation of a sole trader or partnership
- Divorce
- Probate
- Internal reward systems
- Sale of the business or part sale
The valuation process will encompass information such as
- Financial Accounts
- Management Accounts
- Budgets
- Forecasts
- Details of liabilities
- Asset Valuations
- Market Analysis
- Client Contracts
- Staff information and records
- SWOT analysis
Goodwill is often the hardest part to value. The main Valuation approaches are
- Adjusted Net Assets plus Good or Bad Will
- Using Muliples
- Discounted Cash Flow
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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Charity Accounts and Independent Examination
We prepare Charity Accounts and act as Independent Charity Examiners.
The trustees will usually be able to choose an independent examination instead of an audit if the charity's gross income is:
- 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
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.
We hold a full practising certificate from CIMA.
We are also Affiliate members of the ACIE (Association of Charity Independent Examiners) and members of the ACAT (Association of Church Accountants and Treasurers).
Our Charity Experts
Steve Bicknell FCMA CGMA
Chartered Management Accountant
steve@bicknells.net
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
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
Bridget Seve
bridget@bicknells.net
Bridget works mainly with Religious Charities and is expert on Gift Aid
Anish Jose
anish@bicknells.net
Anish specialises in community charities involved in recycling/reusing materials
Boscombe Baptist Church
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