Professional Services
FRP Advisory
Full Credential Description
An established technology business faced a significant challenge due to a longstanding dispute with a customer over a breach of contract. Despite multiple attempts to resolve the issue, the parties could not reach an agreement. In response to this situation, the company engaged we's Forensic Services team at short notice to produce a forensic report on the loss of profits, which was critical for an upcoming mediation.
Fiona Hotston Moore, a partner in we’s Forensic Services, was appointed as an expert witness to analyze the contracts and relevant financial data. The task involved complex financial modeling to assess potential future profits, account for inflationary impacts, and consider the time value of money. Additionally, the analysis needed to reflect both the normal commercial practices of the business and those prevalent in the wider industry. The report was required within a tight timeframe of three weeks.
we's team successfully delivered the comprehensive report in just two weeks, one week ahead of schedule. This early completion allowed the client, along with their legal team, to review the expert findings and prepare effectively for the mediation. During the mediation, the expert witness collaborated with the barrister and provided further insights into the tax implications of the proposed settlement. Ultimately, the mediation resulted in a favorable settlement for the client, aligning with the calculations presented in the report. This outcome not only resolved the dispute but also underscored the value of the detailed financial analysis provided by we.