Owner asks “What's it worth?”
Valuation & Shareholder Proceeds
A clear view of what the business is worth on a maintainable basis, and what the shareholders might actually receive once debt, cash and completion adjustments are taken into account.
When advisers typically need this
- An owner asks what the business is worth and you want a defensible answer rather than a rule of thumb.
- A buyer's indicative price needs testing against the numbers.
- A shareholder wants to understand what they would actually receive, not just the headline figure.
- There are add-backs, one-off items or owner-related costs that need to be settled properly.
What we review and analyse
- Maintainable EBITDA and the normalising adjustments behind it
- Valuation methodology and an appropriate multiple for the sector, size and quality of earnings
- Enterprise value on a cash-free, debt-free basis
- Cash, financial debt, HP and finance lease obligations, and director loan accounts
- Debt-like and cash-like items
- Normalised working capital and its effect on equity value
- Equity value and indicative shareholder proceeds
Typical output
- An indicative enterprise value, with the methodology and multiple explained
- A bridge from enterprise value to equity value, showing each adjustment
- An indicative shareholder proceeds analysis setting out the assumptions used
- Scenario analysis around the assumptions that matter most to the outcome
How it works
Scope, deliverables, information required and fee are agreed before work begins. Findings are returned to you, and to the client only where agreed.
See how we work- 01
The scope is agreed and confirmed in writing
- 02
Information is supplied securely by the adviser or client
- 03
The analysis is completed and reviewed
- 04
Findings are returned as agreed
Limitations
Figures are indicative and prepared for discussion. They are not a formal valuation for any statutory, tax or regulatory purpose, and they are not a prediction of what a transaction will produce. This service is provided under a separately agreed engagement and does not constitute legal, tax, audit or regulated investment advice. Any analysis depends on the information supplied, the assumptions adopted and the circumstances at the relevant time.
Next step
Discuss a client matter
If valuation & shareholder proceeds may be relevant to a client matter, describe it briefly. We will confirm whether it falls within our capability and what support may be appropriate.