Business Valuation Experts
Business Reports & Values provide expert business valuation reports for Family Law matters, Professional Practices, Litigation Support, Tribunal and Mediation proceedings. We are highly experienced in presenting expert evidence before court and bring a broad base of business experience and a diverse skill set to examine the financial affairs of the parties and establish the facts.
As Business Valuation Experts our skill and understanding in a combination of Family Law, financial, business, insolvency and court matters over a period of over 30 years allows us to evaluate different circumstances and present our findings in a clear and concise manner for valuations, prosecution cases and litigation support.
Family Law Valuation
With Family Law many business valuations are prepared on a single expert witness basis. This reduces the overall cost to the parties as well as reduces the time in court. There are several factors to be taken into consideration by business valuers when conducting family law valuations and for this reason valuation approaches vary greatly depending on the type of business being valued.
Professional Practice Valuation
When dealing with professional practice valuations, it is important to understand they can be quite complex. They come in many types and may vary from the standard approaches to valuation. Different approaches may be used for the following professions:Legal Practices - Medical Practices -Dental Practices - Veterinary Practices -Pharmacies - Medical Centres -Accountancy Practices - Real Estate Agents -Architectural Practices - Engineering Practices
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The Principal and CEO of Business Reports and Values, Lee Goldstein, has more than 30 years’ experience in business valuation. Over that time he has produced over 550 business valuation reports worth over $350,000,000 in Australia and overseas. As well as business valuation reports, we are often called upon to assist with other business disputes and litigation. These are:
Quantification of Damages
The starting point for a quantification of damages report is to understand whether there has been an economic loss which can be attributed to the relevant cause of action. This will involve gaining an understanding of the business or income producing activity and assessing income levels pre and post the incident which gave rise to the cause of action.
Our reports are able to calculate losses in complex commercial matters in a clear and concise manner and take into account a number of different scenarios.
Whether arising from a contract dispute or a personal injury claim, our reports are tailored so that you and your client are able to understand our findings and conclusions.
“The general principle governing the assessment of compensatory damages in both contract and tort is that the plaintiff should receive the monetary sum which, so far as money can, represents fair and adequate compensation for the loss or injury sustained by reason of the defendant’s wrongful conduct.”
Quantifications of damages require adequate skill to gather and infer results from the relevant industry, market, financial and economic data available. Through this data, valuation techniques can be applied to arrive at the determination of a fair and true value for the damages suffered that the court would then be petitioned to liquidate.
In disputes involving a significant impact on a business, quantification of damages is likely to relate to the value of the business itself. Given the significance of brand, IP value and goodwill to business value then any impact on such value is likely to be significant as well.
Quantification of damages will require an assessment of what would have happened but for the wrongful act, compared with what actually happened. It will also require comparison between: (i) future events that would have been expected to occur; with (ii) future events that are expected to occur.
Lee Goldstein is frequently instructed as an expert witnesses or adviser for quantification of damages for dispute resolution in legal matters. This often draws on his expertise in valuing brands, valuing businesses, IP valuation, valuing intangible assets, copyright valuation, patent valuation, valuing software, technology valuation and valuing other ownership interests.
Forensic and Litigation Support
Business disputes and litigation are often complex and very rarely straightforward. At Business Reports & Values we provide Forensic and Litigation Support and are experienced in presenting expert evidence before court, tribunal, and mediation/settlement proceedings. We bring a broad base of business experience and a diverse skill set to examine the financial affairs of the parties and establish the facts.
Our experience in a combination of financial, business, insolvency and court matters over a period of over 30 years allows us to evaluate different circumstances and present our findings in a clear and concise manner for valuations, prosecution cases and litigation support.
No matter which side of the litigation fence you are on, the experience can be taxing, divisive, emotional and stressful for those involved. At BRV we have a strong history of providing valuations of different types of entities and businesses over a diverse range of industries.
Whether it is a trading business or an asset holding entity, we can apply different methodologies in a simple and practicable manner to assist clients with understanding the value of the assets subject to proceedings or otherwise.
In addition to providing business valuations, we also assist with valuing intangible assets and providing impairment of goodwill reports for disclosing entities.
To maximise the value of your company or business, you need to develop a plan with clearly defined goals. However, you can’t expect to achieve a goal until you understand where to begin, what kind of challenges you face, and how to monitor your progress along the way.
The first step in building value is to understand how much your business is currently worth and which factors determine your businesses's value.
Every business owner should have their business valued by business valuation experts at least once every five years and when business circumstances change. This will give a business owner a greater understanding of the company's value over time.