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Family Court Valuations, Business Valuations, Partnerships, Mergers, Disputes and Acquisitions

BRV’s extensive experience includes valuing small to large companies in diverse industries Business Reports and Values performs various business valuation services including comprehensive business valuation reports, valuation report review and business valuation expert testimony. A business valuation is not just for a business owner preparing for a sale. There are numerous business and legal situ

ations that require, or benefit greatly from, a detailed valuation

Whether you’re selling a business or buying one, it’s essential that you have an accurate understanding of the company’s current, and future, value.

30/09/2022

COVID - 19 Business Valuations. What happens now?
With turmoil and great uncertainty in the financial markets, forced business closures and mass unemployment, the question arises as to how can a business valuation be produced at the present time that is meaningful, transparent and defendable?
It is difficult not to compare the COVID-19 situation with that of the GFC. The GFC led to a deep recession followed by a slow recovery as households and financial institutions repaired their balance sheets. The coronavirus is likely to trigger material falls in output in affected economies over the next quarter but, provided that the virus fades, activity should rebound as supply constraints are lifted. This rebound should be very quick.
As far as business valuations are concerned, the most technically correct method of valuation is the discounted cash flow (DCF) approach. Utilising this method, it is possible to integrate the material changes COVID-19 has on the business and produce a reliable valuation, with special diligence given to the selection of discount rates. Usually most discounted cash flow business valuations are prepared utilising yearly financials. However, there is no reason at all why they can’t be prepared utilising monthly financials resulting in a very reliable, transparent and up to date business valuation.
As part of any current valuation, I would strongly recommend a further valuation set just before the outbreak of COVID-19.
The principle of Business Reports and Values, Lee Goldstein, has been involved in Business Valuations since 1985. He holds the following qualifications:

Double Major Degree in Accounting and Finance
Diploma in Forensic Accounting
Graduate Diploma in Valuation
Advanced Certificate of Business
Advanced International Certificate in Intellectual Property.
Lee has conducted numerous intellectual property valuations covering a diverse range of industries, and is often called upon to provide expert testimony in judicial matters. Lee has valued businesses and intellectual property worth over $350,000,000.
Lee Goldstein has been the Triennial Certificate holder and Licensee of a Business Broking Company since 1992

Business Reports and Values -Lee Goldstein

12/03/2021

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.

“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 from BRV 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.

Should you wish to discuss any of the above issues with Lee, please contact him on

1800 566 872 or [email protected]

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Monday	09:00 - 17:00
Tuesday	09:00 - 17:00
Wednesday	09:00 - 17:00
Thursday	07:30 - 17:00
Friday	19:30 - 17:00

Telephone

+611800566972

Website

http://brv.com.au/

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Our Story

Business Reports and Values is one of the leading business valuation experts in Australia. Since 1986 we have valued a diverse range of private, public and multi-national companies for various reasons.

The principle of brv Lee Goldstein has been involved in the Business Valuations and sale of Businesses since 1985. He holds a double major degree in Accounting and Finance, a Diploma in Forensic Accounting, a Graduate Diploma in Valuation (property), an Advanced Certificate of Business and an Advanced International Certificate in Intellectual Property. Lee has conducted numerous intellectual property valuations covering a diverse range of industries, and is often called upon to provide expert testimony in judicial matters. Lee has valued businesses and intellectual property worth over $350,000,000.

Lee has also been the Triennial Certificate holder and Licensee of a Business Broking Company since 1992