A business valuation typically assesses the price that a business would achieve from negotiations between a willing buyer and a willing seller.
Having completed numerous valuations over the years, we have a breadth of experience undertaking valuations in fluctuating economic conditions. This knowledge and experience allows us to thoroughly consider whether the valuation of the business we have arrived at ‘feels right’.
We invest a significant proportion of our time gaining a clear understanding of the companies we are valuing and focus on real-life data by researching recent transactions in the market sector. Working with a wide variety of clients for all valuation bases, our team have a tried-and-tested approach which leaves our clients assured that their valuation is based on key supporting evidence.
Without extensive research and company fact finding, it is hard to gauge an accurate understanding of a business and identify the areas of weakness which may be having a detrimental impact on value. Our valuations not only look at your business and the inherent factors which may be making your business more or less valuable, we also look specifically at the industry as well as the wider economy to support the valuations and consider external impacts. We subscribe to a trusted market research site and a transaction database in order to gain a full understanding of the industry and look at recent transactions that have occurred within your sector. This gives us a realistic view of the structure and value of the transactions that are being undertaken. By adopting this approach to valuations, our clients can be assured that their valuation is based on key supporting evidence.
It’s unlikely that the guide price will represent the true market value of the business you’re planning on acquiring, but we want you want to be confident that you’re making the best possible offer. We’ll review the financial and non-financial information available and provide you with a report highlighting the fair value, key points and any value drivers associated with the business, giving you total confidence to put in an offer.
Maximising Value: Valuations are an ideal method of identifying which aspects of your business are driving value up and areas of weakness that may be eroding value. By identifying these factors, you are positioned to focus on the changes that need to be made in order to have the best chance of receiving the maximum consideration when you decide to sell.
Strategy: By analysing the current economy and market conditions, specifically in the sector you are operating in, you can gain an understanding of where your business fits within the market. From this, you are able to identify and focus on strategies that will enable you to adapt to the current climate rather than be adversely affected by it.
Legal: We are often engaged by lawyers to undertake valuations for use in probate, divorce proceedings and as Expert Witnesses, producing reports in a concise and understandable manner.
We offer two types of valuation report:
Short Form: This is typically 2-3 pages long and provides the overall value of the entity, summarising the key points that have been considered in determining a value, taking in to account the most appropriate valuation approach. In arriving at a value, we research sector specific transactions that have been undertaken in recent years as we believe that these provide the best supporting evidence. Additionally, we address the industry outlook as well as the wider economy and consider how this may have an impact on value.
Long Form: This report is a more in depth version of the short form report and provides further analysis of the valuation process. A greater depth of explanation is given in respect of the effect that each contributing factor has had on the valuation and we will identify aspects of your business that are improving or eroding value. This report type provides the greatest strategic value as the output can directly filter into actions to increase business value.
On each occasion I have been pleased with the clarity provided by their reports and valued their prompt attention. Their approach is to simplify complex issues to help non accountants and The Court to understand and reach informed decisions. I recommend them very highly.
The relationship we built with Randall & Payne was fantastic. They offered a very personal and professional service, with great communication and we had every confidence in their team. This resulted in a successful sale of the business.
Ollie and his team gave us excellent advice throughout our company sale process, and their involvement allowed us to achieve a much better deal than we had originally anticipated. They were always very approachable and didn’t just approach the deal from a financial perspective – we felt as though they prepared us for the lifestyle changes that lay ahead of us.
Having the knowledge and professionalism of Randall & Payne at the very beginning of the negotiations was imperative to WHC. Ollie took control engaging with all the legal, financial and accountancy experts on our behalf. We had 100% commitment from Ollie and his team, all questions were dealt with immediately and efficiently, even outside of working hours. Randall & Payne have a brilliant, forward thinking approach that suits the WHC ethos.
Officeworx Ltd have been using the services of Randall & Payne for 25 years. In this time, they have supported us with everything from our standard year-end accountancy through to business advice, consultancy, acquisitions and mergers. They have experts for every requirement and offer a wide range of services. With the team at Randall & Payne behind us, we can get on with doing what we do best – running our business.
The Partners and team at Randall & Payne simply gave us what we needed to turn our plans into reality. We are excited about the future and are already working with them on the next three-year plan.
