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Today’s post is written by Andrew Strickland of Scrutton Bland, Chartered Accountants. Andrew holds the positions of Head of the BVIUK Board and Head Tutor for the BVIUK Credentialing Programme. Additionally, he serves as Chair of iiBV’s Educational Committee. With a specialisation in corporate finance and business valuation, Andrew brings extensive expertise to his roles. He is a member of the Valuation Committee of the ICAEW and is recognised as a subject matter expert. Andrew has completed numerous business valuation assignments, particularly in shareholder disputes and divorce cases. He also conducts fiscal valuations for various tax purposes.

Introduction

Many clients are alive to the idea of providing equity incentives to managers. The problem is that even small percentage shareholdings in private companies can make the tax liability under section 62 ITEPA forbidding.

Very few managers want to receive shares if the immediate impact is a large tax bill with no immediate cash fl..

Today’s post is by Roger Loh Kit Seng, the Director at Mazars Malaysia, providing firm-wide technical guidance on various financial modelling, valuation and financial reporting issues. Roger was involved in multiple valuation assignments for various industries, including consumer, energy, financial services, healthcare, infrastructure, luxury, real estate, technology, and transport & logistics.

A discount for lack of control (DLOC) has been considered a fundamental principle in business valuation, especially in cases of minority interest valuation. Some intricacies, exceptions, and untold stories, however, complicate this concept. In this article, we aim to challenge the automatic concept application of DLOC on minority interests and explore how our understanding of control, or the lack thereof, can significantly impact the valuation process.

Rethinking the Fundamentals of Control and Value

Is having control always valuable? Many believe that having control over business operations,..

Join us for an insightful virtual class, ‘Best Mathematical Models for Calculating DLOM,’ presented by esteemed BVIUK Expert, Andrew Strickland. Delve into the intellectual foundations underpinning the calculation of DLOM, as Mr. Strickland navigates through the historical evolution of different mathematical models.

Uncover the nuances of each model and gain a comprehensive understanding of their evolution over time. In this enriching session, you’ll not only explore the well-known models but also discover the hidden gem among them—the least-known model, which proves to be the most effective in practice.

Expand your knowledge and refine your skill set as you absorb valuable insights, empowering you to make informed decisions in the complex landscape of business valuation.

Don’t miss this opportunity to enhance your proficiency and engage with a subject matter expert in the field. Join us for an enlightening exploration into the world of DLOM mathematical models!

About the Speaker:..

In this engaging session, BVIUK’s Expert William Thomsen will delve into the intricacies of crafting a professional valuation report. Often regarded as just the “tip of the iceberg,” the valuation report is a crucial aspect of the business valuation process. While clients may only see the final report, unaware of the meticulous work that goes into it, they gauge its value based on its ability to solve their problem effectively.

William will share valuable insights on what constitutes an effective valuation report, focusing on both form and content. Highlighting that there’s no one-size-fits-all approach to report writing, William will explore various formats and considerations tailored to different scenarios and audiences. Attendees can expect to gain key insights into optimizing their valuation reports to effectively communicate findings and provide value to clients.

About the Speaker:

William Thomsen (ASA, CFA) has over 25 years of experience providing business valuations and econ..

Watch the recording of our exciting biannual event, where the brightest minds in global business valuation industry discuss the most topical issues. The event is attended by the majority of BVIUK esteemed Expert Members, joined by everyone passionate about elevating the standards of the UK valuation scene.

Facilitators for 3rd Virtual Expert Summit: Graham Antrobus (BVIUK, Bruce Sutherland & Co.) and David Foster (BVIUK, Business Valuation Resources)

Topics:

1. Impact of International Valuation Standards (IVS) Adoption on Valuation Practices

2. Challenges and Opportunities in Implementing country – specific Valuation Standards

3. Bridging the Gap Between Theory and Practice. How can BV practitioners and BV academics work together for a common purpose?

4. Business Valuation Accreditation Programmes in the UK: Present and Future Trends

Featured Speakers:

Jim Alerding, Drew Dorweiler, Hafiz Imtiaz, Mike Blake, Mark Zyla, Carla Nunes, Ascanio Salvidio, Wojciech Krynski, Ashok Abbo..

On 23rd May 2024, BVIUK hosted its 3rd Virtual Expert Summit via Zoom, drawing an impressive array of professionals and academics from around the globe. This insightful two-hour session provided a platform to discuss and dissect key topics in the field of business valuation, aligning diverse regional practices with international standards.

The fantastic panel of speakers included such Experts as David Foster, Graham Antrobus, Mark Zyla, Sandra Mossios, Drew Dorweiler, Ascanio Salvidio, Wojciech Krynski, Ashok Abbott, Carla Nunes, Dermot O’Neill, Hafiz Imtiaz Ahmad, Chris Mercer, Jim Alerding, William Thomsen, Mike Blake, and others.

Here’s a brief look at the highlights from this engaging event.

1. Check-in on Standards and Updates from IVSC

The summit began with a comprehensive update from the International Valuation Standards Council (IVSC). Mark Zyla emphasised the globalisation of the valuation profession and the IVSC’s commitment to uniform standards. The session underscored..

In this engaging and highly informative session at BVAcademy, BVIUK’s Experts, Nene Glenn Gianfala and Carla Nunes, discussed the impact of Environmental, Social, and Governance (ESG) factors on business valuations and disclosure standards, highlighting the current challenges and future prospects. They also delved into the role of the International Sustainability Standards Board and the International Accounting Center in creating consistent disclosure frameworks, and the new guidance from the International Valuation Standards Committee on incorporating ESG factors into business valuations. Lastly, they presented the results of their academic research into the impact of ESG factors on company performance and investor returns, and the challenges and future prospects of business valuation in relation to ESG.

We hope you enjoy the session. Please download the presentation below to facilitate the learning process.