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 made, the methodology employed, and provided an expert opinion on liquidity, the potential for extracting a capital sum, and future maintainable earnings.
The submission of the expert report facilitated a swift resolution of the case, allowing both parties to settle without the need for a court hearing. The instructing solicitors highlighted that the clarity of the report was instrumental in helping the parties understand the financial position, ultimately leading to an agreement on the financial settlement.