Business valuation services for all scenarios
Our business valuation services will help you whether you are buying, selling, retiring or doing something else.
We will help you determine the actual value of your business.
Maybe you would just like to know what your business is worth. Or perhaps you are looking to buy a business but want to know if the asking price is realistic.
Whatever your reason for a business valuation, Maynard Johns Chartered Accountants is here to help.
Why get a business valuation?
There are a number of reasons why you may want to know the value of a business. These include:
- To sell your business
- To buy a business
- To raise finance
- To set up an employee share scheme
- To assess an individual’s net worth in a divorce or legal settlement
- For strategic planning of what to do with the business in the future
- For tax planning
If you currently use Xero, Sage or QuickBooks as your accountancy software, we can create a report with multiple valuations very quickly. If not, we can still create a report, although it may take slightly longer.
How does getting a business valuation work?
For us to provide you with a business valuation, we will require/undertake the following (please note this list is not exhaustive,e depending upon your individual business):
- Details of the current business ownership and how long it has been trading
- We would start with a meeting to get to know the business and understand trends and any one-off events or unusual trading activity in the last 3 years, and to discuss the current trends of the industry in which the business operates
- Understand the key personnel in the business, the roles they carry out and how much each of them is paid
- Details of major customers and suppliers, particularly if there is a reliance on one or two large customers/suppliers
- The last 3 years of finalised accounts, and if this is over 3 months old, current data for this year
- Access to online accounting data, where available
- Details of premises used by the business, who owns this, and details of any rent or lease agreements
- The current value of balance sheet items, such as equipment and stock
- Details of any finance agreements or loans that the business has
- Details of any licenses, contracts, dealerships or distributor agreements that the business holds
- The geographical area in which the business operates
Information required when you are buying a business:
- What skills and experience do you have to run this business
- Any cost savings or profit improvements that you feel you can bring to this business
Our business valuation services start from just £500 + VAT to include a full written report and to discuss this with you.