Professional Services
FRP Advisory
Full Credential Description
In a matrimonial case within the family court, we Partner Fiona Hotston Moore was appointed as a single joint expert to value a company owned by one party, which was significantly impacted by the COVID-19 pandemic. The company operated in the events sector, facing unique challenges due to the global crisis.
To determine the company's value, the Forensic Services team conducted a thorough financial analysis, reviewing historical financial accounts, management accounts, and financial projections. They carefully selected the most appropriate valuation methodology, taking into account the pandemic's substantial adverse effects. The resulting report detailed the assumptions and methodologies used, along with expert opinions on liquidity, the potential for capital extraction, and future maintainable earnings.
The clarity and comprehensiveness of the expert report facilitated a swift resolution, allowing both parties to settle the matter without the need for a court hearing. The instructing solicitors acknowledged that the report significantly aided the parties in understanding the financial position, leading to an agreement on the financial settlement.