Valuation of Property Company with Historic Pension Liabilities
Appointment Type: Expert advisor
Service Area: Valuations, Divorce and Matrimonial Matters
Industry: Real Estate and Property
Litigation Type: Matrimonial
Size of Case: £2.5 million - £10 million
Valuation of a Property company 50% owned by a Family Trust. Following the sale of the trade over 12 years ago the company held a single asset. The Pension fund trustees have security over the asset and at 31 December 2019 the pension fund had either (1) a moderate deficit before application of GMPS equalisation; or (2) a substantial full solvency deficit would apply on any sale of the property. The liquidity and solvency issues were addressed.