The list sets out some of the key information needed to carry out a valuation in financial remedy proceedings; it is not exhaustive but offers a useful starting point. The exact requirements will be dependent on the specifics of the business to be valued.

Ownership

  • Details of the current shareholding, including information on any Share Option schemes
  • Details of the group structure where there is more than one company
  • Copy of the Articles and Memorandum of Association
  • Copy of any Shareholder Agreements
  • Details of the date the shares in the business were acquired and their cost
  • Details of any transactions in the shares, and offers for shares or for the company in the last three years
  • Details of the share owner’s CGT situation

Background to the business

  • Website address and copies of any company brochures or marketing material
  • Organisation chart of directors and key employees and copies of any directors' Service Agreements
  • Analysis of sales to the top 10 customers in each of the last three years
  • Details of any key suppliers
  • Copies of any key contracts
  • Details of key competitors
  • Details of any property owned by the business; its use, current value and carrying value on the balance sheet
  • Details of any disputes or litigation in which the business is involved

Financial information

  • Copies of financial statements for the last three years, including copies of the detailed profit and loss accounts with commentary on:
    • Any unusual movements in turnover, gross profit margin and overheads
    • Any one off costs or revenues
    • Directors remuneration and, where they are also shareholders, dividend payments
  • Copies of corporation tax calculations and returns for the last three years and details of any open tax investigations (including VAT, PAYE and Corporation Tax)
  • Copies of management accounts for the period since the date of the last statutory accounts, including any management reports normally included with the management accounts
  • Copies of any current budgets or forecasts, including a note of the date of preparation and purpose. Copies of previous year budget or forecast
  • Copy of the most recent bank facility letters, setting out details of the terms of any loans or overdrafts