The Touchstone Advisory valuations team delivers independent valuations for a variety of purposes, sectors, deal stages, and client types.
Valuations are under increasing scrutiny from tax authorities and as part of exit diligence.
Our tax valuation services include:
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Employee Ownership Trust — Expert valuations advice during sale of a business to an EOT.
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Employee share schemes — Valuations of ordinary and growth shares for management incentive plans. We can support with the design and implementation of schemes, as well as ongoing valuations for joiner and leaver events.
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Employee option schemes — Valuations for tax-advantaged employee share option schemes such as the Enterprise Management Incentive (EMI) schemes, Company Share Option Plans (CSOP), and Share Incentive Plans (SIPs).
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Carried interest — Valuations of carried interest schemes for fund managers.
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International transactions — Valuation of shares and other business assets in relation to corporate restructuring and re-organisations.
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Valuation reviews — Vendor assist support and buy-side due diligence reviews of third-party valuations.
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Inheritance Tax — IHT valuations for succession planning and probate purposes.
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Capital Gains Tax — CGT valuations in relation to corporate reorganisations and transfers between related parties.
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Negotiating with HMRC — By leveraging our extensive experience in practice and at HMRC's shares and assets valuation division, we act as representatives for taxpayers in negotiating values for business assets with the tax authorities.
Valuations can be some of the most subjective elements of a financial statement. Our extensive experience both as valuers and auditors allows us to prepare robust valuations which stand up to auditor scrutiny.
Our financial reporting valuation services include:
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Deferred consideration and earn-outs — Valuations required as part of a business combination or as financial instruments.
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Business combinations and purchase price allocation — Allocation of value to intangible assets in accordance with IFRS 3 or UK GAAP.
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Share-based payments — Measurement of share-based payments in accordance with IFRS 2 or UK GAAP, in particular the application of option pricing methodologies such as Black-Scholes and Monte Carlo simulation.
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Impairment testing — Annual testing of goodwill and other intangibles under IAS 36 or UK GAAP.
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Lease accounting — Measurement of operating leases under IFRS 16.
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Financial instruments — Measurement of loans, convertible instruments and other complex instruments under IFRS 9 or UK GAAP.
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Portfolio valuations — Independent and objective valuations of debt and equity investments across a multitude of sectors and asset classes.
We provide independent valuation opinions for a broad range of regulatory, statutory and contractual purposes, including:
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Fairness opinions — We offer independent fairness opinions to help our clients in situations where their interest lies in authenticating the validity and accuracy of the valuation process.
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Statutory opinions — Including S593/596 valuations for transactions involving non-cash consideration.
We provide valuation advice to support your commercial decision making, including:
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Pricing analysis — Analysis to support your decision making around buying or selling assets.
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Valuation support for debt and equity funding — Independent valuations to provide support to lenders, investors or commercial decision making.
We work with a wide range of clients - from established corporations and fast-growing businesses to private equity firms and founder-led enterprises. By combining deep industry insight, meticulous analysis, and a collaborative approach, we anticipate challenges and deliver robust, tailored solutions.
