Unlocking cash from prior acquisitions
Cash is King. Perhaps this powerful mantra has never rung more true for many than in the current environment. Most households and businesses are keenly adopting measures to improve cash conversion (increasing and bringing forward incoming cash whilst limiting and deferring outgoing cash). If you’ve acquired businesses in the past five years, there may be […]
Highlights from the international business valuation VRG event
International collaboration It seems so long ago that large international events were conceivable given the current COVID-19 pandemic. But in October 2019 the Valuation Research Group (VRG), brought together 60 executives from 14 member countries for our international member firm meeting. The meeting, held in sunny San Sebastián, Spain, was an opportunity to make further […]
December 2019 discount rate update
Discount rates down, impairment in focus December 2019 discount rate update – our latest article on how to assess your discount rates identified that: Impairment testing and asset values continue to be one of the key focus areas for ASIC in relation to the 31 December 2019 reporting period, with many businesses applying more rigour […]
Investment evaluation in a volatile market
Evaluating projects and transactions is a critical decision for boards and management teams. This process is becoming increasingly complicated due to the recent volatility of equity markets, interest rates, exchange rates and commodity prices as illustrated in the figure below: For example: Due to aggressive global monetary policy post the global financial crises, 10 year […]
Taking business valuation to new heights with Sydney’s BridgeClimb
Sydney Harbour Bridge’s BridgeClimb experience recently celebrated 21 years of operations. Since its opening in 1998, the bridge has hosted nearly 5 million visitors. BridgeClimb was also voted the #1 experience in Australia last year. The BridgeClimb business The Sydney Harbour Bridge concession was recently put up for tender. Amongst strong competition (including the incumbent […]
Leadenhall appoints new director
Sydney, Australia: Leadenhall is proud to welcome Nathan Timosevski as a director, bringing a wealth of experience to business valuation clients. Prior to joining Leadenhall, Nathan spent more than five years as a partner in the corporate finance team for Crowe Horwath, Australia’s fifth largest accounting firm, during a tenure of more than 14 years. […]
Have you done your due diligence on the value of your M&A transaction pricing?
Due diligence is a key aspect for boards, management teams and other stakeholders to evaluate potential merger and acquisition (M&A) transactions. Whilst many aspects of the due diligence process (such as financial, legal, commercial, etc.) are well defined, there is often no independent due diligence undertaken on the transaction value, although this is starting to […]
Tis the season for impairment | Get the tools you need to make the auditing process a breeze
Impairment is one of ASIC’s key areas of focus again for 30 June 2019, so we’ve summarised the resources and tools available to assist you in preparing your analysis. Summary of key impairment issues A great summary of impairment concepts is available in the Chartered Accountants Audit Committee Guide which was co-authored by Leadenhall. It covers […]
AICPA GUIDELINES UPDATE
Last year the AICPA (which is the representative body for the CPA profession in the US) issued working draft guidelines for the valuation of unlisted investments: “Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies.” The AICPA is currently reviewing comments received on the draft guide with the […]
MOVERS & SHAKERS
Over the past few months, we’re pleased to have welcomed new director, Andrew Steere and also to have promoted not one, not two but THREE of our internal top talent, Katy Lawrence, Bruce Li and Fung Yee. About Andrew Andrew Steere, who joined Leadenhall late last year, brings a wealth of experience to our business […]
