Selling a guesthouse, passing a family firm to your children and answering a shareholder's claim call for different valuations. Each purpose fixes the standard of value, the depth of the report and the reader who will test it, so the eleven services below are grouped by what the value is for rather than by technique.
Indicative valuations from A$799. Certified Summary and Detailed reports from seven business days.
For Tasmanian business owners and their advisers, we offer eleven valuation services under three headings: sale, deals and planning; tax and compliance; and disputes and litigation. Every service page covers the triggers, the approach that usually leads, the common mistakes and the right report. Indicative valuations are for internal decision-making; Summary and Detailed reports are certified and signed.
Every report rests on the same groundwork: accounts normalised, the relevant approaches applied and the results reconciled. The three reports differ in how much of that work is written out, and the reader decides which is needed. An owner in Sandy Bay weighing retirement may only need a range to plan around. The ATO, the State Revenue Office of Tasmania, a bank, the Supreme Court of Tasmania or an opponent in a dispute needs a certified opinion it can follow step by step and test.
When a price has to be set or tested: selling or buying, passing the business to the next generation, reshaping a group of entities, or letting employees and investors take up shares.
For vendors and acquirers: the earnings a buyer can rely on, a multiple with evidence behind it, completion terms, earn-outs and what the owner personally brings.
Read moreMarket value for passing a family business on, treating the children inside and outside it fairly, and working out how the successor pays.
Read moreAssets moving between group entities, new holding companies and demergers, with Division 7A and landholder duty under the Duties Act 2001 (Tas) in view.
Read moreDivision 83A market values and AASB 2 fair values for staff equity, value across share classes, and ESIC support when raising capital.
Read moreDated values with the working shown, for readers whose job is to check them: the ATO, the State Revenue Office of Tasmania, an SMSF auditor, an executor or the Public Trustee, and company auditors.
The market values each Division 152 test turns on: maximum net asset value, active asset status and the 80 per cent test for shares and units.
Read more30 June values an SMSF auditor can accept for unlisted company shares, related unit trusts, business real property leased to members and loans to related parties.
Read moreDate of death values, pre-CGT cost bases, what the business is worth without its principal, and claims under the Testator's Family Maintenance Act 1912 (Tas).
Read moreAASB 13 fair values, AASB 136 impairment tests, purchase price allocations and share-based payments, with the working an auditor expects to see.
Read moreExpert evidence where the value itself is in dispute: shareholder and partnership cases in the Supreme Court of Tasmania, property settlements through the Federal Circuit and Family Court's Hobart registry, and claims for lost profits.
Buy-out values under the Corporations Act oppression remedy and the Partnership Act 1891 (Tas), with minority discounts argued from both sides, prepared as expert evidence.
Read moreSingle expert and shadow expert reports on business interests in property settlements, filed through the Hobart registry of the Federal Circuit and Family Court.
Read moreLost profits measured against a but-for scenario, with incremental costs and mitigation, for claims in the Supreme Court of Tasmania and the Federal Court.
Read moreAll eleven services follow the same six steps, whether we are acting for a restaurant group on Salamanca Place or a freight business moving goods across Bass Strait. Engagements differ in what we ask you to provide and in how much of the working ends up on the page.
A free conversation to identify the purpose, the interest being valued, who will read the report and what information exists. That conversation settles the standard of value and the report depth before any fee is agreed.
A written list of what we need: financial statements and tax returns, management accounts, the constitution or shareholders agreement, leases, key contracts and anything specific to the purpose. Delivery is measured from the day the last item arrives.
Normalisation of the accounts, selection and application of the approaches, derivation of rates and multiples from named sources, discounts where the interest requires them, and reconciliation to a range.
A second certified valuer reviews the workfile and the draft before anything is released to you. Every judgement has a written reason attached to it.
The valuer walks you through the result and answers questions. Your accountant or lawyer is welcome to join; many clients say it is the most useful hour of the engagement.
Signed and delivered digitally, from seven business days after we receive the information. The valuer remains available to explain or defend the opinion afterwards.
At every stage you know who has your file, where it is up to and what comes next. Calls run by video or phone, wherever in Tasmania the business is based.
Two kinds of document are easily mistaken for ours. The first is the expert's report the Corporations Act calls for in takeovers, schemes of arrangement and some resolutions put to members, which ASIC Regulatory Guides 111 and 112 cover. Issuing that report is a licensed financial service and we do not provide it. We can supply valuation work a licensed expert relies on, and we advise the boards of private companies on whether transaction terms are fair where no statutory report is required.
The second is the quick figure: a result from an online tool or an estimate from a business broker. Our business valuation calculator costs nothing and is labelled as educational. A broker's number is part of winning the listing. A bank, the ATO or a court will rely on neither, so when the figure has to carry weight, a certified valuer signs it and stands behind it.
Every service page links on to our Hobart industry pages, which apply the approaches to health and professional practices, hospitality and tourism venues, trades and construction firms, technology businesses and freight operators, and to the three valuation approach pages where the method is explained in full.