The ‘coronavirus-triggered economic downturn could lead to many performing loans to become distressed, especially for highly-leveraged companies,’ says a new client advisory from Houlihan Lokey, the global investment bank and valuation firm.
BVR will present Extreme Uncertainty: How Valuation Experts Should Respond to Today’s Volatility and Risk, a free webinar, on 7 April.
New FRC guidance confirms lack of substantive changes in corporate reporting and audit during Brexit transition period
The Financial Reporting Council (FRC) and Department for Business, Energy and Industrial Strategy (BEIS) released FRC/BEIS letter on accounting and corporate reporting during transition period and FRC/BEIS letter for auditors during transition period late last month.
Those searching for business valuation professional training or CPD have few places to turn in the UK at the moment.
Extreme Uncertainty: How Valuation Experts Should Respond to Today’s Volatility and Risk (free webinar), 7 April (webcast ...
ICAEW Practical Business Valuation, 16-17 March, London; 14 and 26 May, London; 9 and 29 July, London; 9 and 19 November, London ...
Several estimates place the growing cannabis market at over £30 bn.
The new annual FactSet Mergerstat Review delivers comprehensive rosters and statistics on M&A between UK, U.S., and global privately held, listed, and cross-border enterprises.
Michael Badham, executive director of the International Institute for Business Valuation (iiBV) alerted BVWire—UK that their panel discussion on valuing financial instruments has become their single most popular program, reaching 10,000 views last week.
The IVS 230 Inventories Exposure Draft was issued last week and is now in consultation for two months until 30 April.
Subscribers to BVWire—UK might wish to sign up for the just-announced Business Valuation 2020 programme in two months.
The IVSC announced its intention to form a valuation board with specific focus on issues related to European practitioners and valuation professional organisations (VPOs) last October.
Pablo Fernandez, professor of finance at the IESE Business School, is surveying business valuation professionals in the UK to determine what cost of equity assumptions they are using for 2020.
ICAEW Practical Business Valuation, 16-17 March, London; 14 26 May, London; 9 29 July, London; 9 19 November, London HMRC Shares and Assets Valuation Fiscal Forum, 26 March (rescheduled), London ICAEW Business Acquisition Due Diligence, 22 April, 24 September, 25 November, London ICAEW Annual Valuation Conference, 28 April, London N/p 73rd CFA Institute Annual Conference, 17-20 May, Atlanta Advanced Valuation Techniques, 11 June, London; 16 September, London ...
Business valuers are required (under the Red Book and IVS standards for instance) to maintain objectivity.
One of the best attended sessions at last fall’s ICAEW Valuations Conference in London was ‘Valuations in Divorce,’ led by PwC’s Sarah Middleton and Jonny Rodwell. These cases continue to show up in the courts—and in the morning papers.
Year-end 2019 data are now available in BVR’s Cost of Capital Professional.
BVWire—UK continues to cover the response to early-stage efforts to amortize the world’s goodwill assets.
Advanced Valuation Techniques, 17 February, 11 June, 16 September, London ...
Business valuers can expect further changes in the UK landscape for IP creation and commercialisation.
The Finance Act 2016 set corporation tax for 2020-21 at 17%, but the Conservative party intends to increase the rate to 19% (and maintain that rate for the rest of the new Parliament).
The ‘Global Mergers & Acquisitions Review: Full Year 2019/Financial Advisors’ from Refinitiv (now a subsidiary of the LSEG) was released last week.
What Black-Scholes-Merton modelling inputs should be considered when valuing early-stage enterprises for financial reporting
Option price models help analysts project values, particularly when assets have little history or highly volatile future outcomes.
The UK’s FRC is not alone in its expectations for improved reporting on intangible assets, though their discussion paper from February 2019 (‘Business Reporting of Intangibles: Realistic Proposals’) remains front and center as valuation organisations (and IASB/FASB) review current methods.
RICS has reminded members—including those with specialities in business valuation—of their obligation to record their CPD activities each year.