Professional Services
FRP Advisory
Full Credential Description
A 50 per cent shareholder in a transport and logistics business faced a potential claim for unfair prejudice, including allegations of misappropriation of company funds, due to a deteriorating relationship with the other equal shareholder. The client had limited historical financial information, which complicated the situation.
To address this issue, we’s Forensic Services Partner, Fiona Hotston Moore, was appointed as an expert witness. She reviewed the available financial information and provided independent expert evidence on the valuation of the 50 per cent shareholding. The Forensic Services team analyzed key legal contracts and industry data relevant to the sector, employing both an earnings methodology and a discounted cash flow approach for the valuation.
Within three weeks, the team produced a comprehensive business valuation and quantified the potential misappropriated funds as an expert opinion. This timely report was instrumental in enabling the client and their counsel to prepare a robust loss claim, leading to a favorable outcome for the client.