Members Archives - Page 27 of 35

Latent CGT liabilties

Calculations were prepared by a Nifa member to allow parties to identify the range of liabilities depending on the trust interests and the final division of assets.

Valuation of Contract Dispute

Nifa member asked to independently value a contract dispute.

Expert Advisor – Reasonably Competent Accountant

Asked to comment on the approach of a Reasonably Competent Accountant in a non assurance engagement.

Valuation of Property Company with Historic Pension Liabilities

Valuation of a Property company 50% owned by a Family Trust. The liquidity and solvency issues were also addressed by Nifa member.

Internet retailer

The valuation of an internet retailer of garden furniture. The case included historic valuations at the current date and the dates of separation and marriage.

Valuation of Security and Monitoring equipment businesses

Valuation of two related businesses at the date of the Parties separation and at the current date, including consideration of (1) agency and distributor valuations and (2) the level of disruption and recovery following Carillion.

Valuation of Engineering Companies for Probate

Asked to value a share portfolio for the Executors of a deceased estate. Three companies valued all within Engineering sector.

Confiscation Issues

Defendant was subject of an investigation by the National Crime Agency into the manufacture and distribution of fraudulent identity documents that were being used to facilitate fraud and money laundering offences by foreign nationals in the UK. Defendant was subsequently charged with conspiracy to supply and make articles for the use of fraud, contrary to […]

Director Acting in Contravention of a Disqualification Undertaking

Instructed on behalf of defence pre-trial. Defendant has been charged with a 17-count indictment in relation to his activities as a director of various companies. 5 of the 7 companies were subject of “pre-pack” administrations whilst 2 were placed into liquidation. Liabilities of the insolvent companies related primarily to unpaid PAYE/NIC, VAT and CT. HMRC […]

POCA – Conspiracy to produce and supply drugs of Class B

Defendant was charged and pleaded guilty to offences of conspiracy to produce and supply drugs of Class B, and possession of criminal property, namely cash in excess of £11k which was seized at time of arrest. Defendant was sentenced to 31 months and is now subject of confiscation proceedings under the Proceeds of Crime Act […]

Shareholders dispute – judge persuaded by expert accountancy evidence

The judge had to consider whether the petitioner had been unfairly treated along with the value of the company which provided web sites and digital platforms to customers, including a number of local authorities.

Operation Festival: Fraudulent evasion of VAT and income tax

HMRC investigation into a sole director/shareholder of a licensed Asian restaurant. Investigation identified that director kept two sets of books (1) which recorded the actual daily takings of the restaurant and (2) daily totals which were recorded on the restaurant’s VAT returns. Subsequent analysis of the various bank accounts held/associated with the director identified that […]

HMRC investigation – undeclared taxable income

Matter relates to £173,000 of cash seized by HMRC officers from a storage unit. HMRC considers the seized cash to be undeclared taxable income. The storage unit was rented by a family of travellers. We were asked to prepare a report that identified the various sources of income/wealth and to prepare a retrospective estimated tax […]

Valuation of flooring supplier and contractor

Valuation of a flooring company in which husband held a 50% interest

Valuation of plant hire company

Valuation of a small group of companies in which husband had a 50% interest. Group’s activities included groundworks and plant hire. The parent company also has extensive property interests.

Property investment company

Valuation and liquidity of shares in a property investment company owned by husband.

Professional negligence against structural engineers

Professional negligence against structural engineers in relation to failed groundworks resulting in losses to a firm of housebuilders and residential developers.