INDEPENDENT BUSINESS VALUATION SPECIALISTS
XVALUNITED
KINGDOM

Financial reporting & fair value
Fair values your auditors can rely on.

A reporting valuation must be anchored to the applicable accounting framework and the asset or liability being measured. Business value, fair value and recoverable amount are not synonyms.

Request a proposal Read the technical brief
Independent opinionSame-day reviewStrictly confidential

FRS 102

UK GAAP fair value

IFRS 3 / 13

Business combinations

Audit-ready

Documented assumptions

A confidential conversation

An important decision deserves an independent view.

Tell us about your company, your objectives and your timeframe. We will review the instruction before proposing a scope, fee and delivery timetable.

  • Independent opinion, never an automated estimate
  • Scope, fee and timetable agreed before work begins
  • Confidential from the outset

Prefer to call? +44 20 3996 6807

Prefer WhatsApp? Message us on WhatsApp

What happens next

  1. 1.We review your enquiry the same working day
  2. 2.A short call to understand your circumstances
  3. 3.A written scope, fee and timetable is proposed

No obligation. No automated valuation. No documents required.

When you need it

Typical situations
we are instructed on.

01

Purchase price allocation after an acquisition

02

Goodwill and investment impairment

03

Share-based payment charges

04

Fair value of unquoted investments

Technical brief

Agree the reporting requirement first

The finance team and auditor should confirm whether the assignment concerns investment fair value, impairment, purchase-price allocation or another measurement. FRS 102 and IFRS have different requirements. The report sets out the specified framework and unit of account rather than applying a generic model.

Use supportable assumptions

Forecasts must reconcile to budgets and market evidence. Discount rates, terminal growth and cash-flow definitions must be internally consistent. Sensitivities are particularly important where headroom is limited or the valuation depends heavily on terminal value.

An auditable evidence trail

We document source data, adjustments, methodology and key judgements. Independent valuation supports management’s assessment; it does not transfer management’s reporting responsibility or guarantee auditor acceptance. Any purchase-price allocation or specialised asset valuation requires a separately agreed scope.

Methodology

The methods we apply — and why.

01

Income approach

Relief-from-royalty, MEEM and DCF for intangibles and cash-generating units.

02

Market approach

Multiples and transaction evidence for fair-value hierarchy inputs.

03

Option models

Share-based payment valuation under FRS 102 s.26 / IFRS 2.

Key valuation issues

Where value is won or lost.

Audit challenge

Assumptions must survive auditor review and specialist scrutiny.

Intangible identification

Separating goodwill from customer, technology and brand assets.

Discount rates

Rates must be consistent with market participants’ view of risk.

Disclosure

Key judgements and sensitivities need clear reporting.

Your instruction, clearly defined

Scope agreed before work begins.

We agree the valuation purpose and date, the interest being valued, the methods considered, the information required and permitted reliance. The written proposal sets out the fee, VAT treatment and delivery timetable. The result is a documented expert assessment — not a transaction guarantee or an automated estimate.

Primary sources & professional references

FRC — FRS 102IVSC — International Valuation StandardsIPEV — Valuation Guidelines

General technical information. Legislation must be checked at the instruction date. Legal, tax and accounting advice are outside the valuation scope unless expressly agreed.

Questions

No; we provide independent valuations for management and auditors.

Related expertise

Other valuations we perform.

All valuation services
Restructuring & group reorganisations

Restructuring & group reorganisations

Valuation support for internal transfers, reorganisations and distressed situations.

EXPLORE THIS VALUATION
Business sale & acquisition

Business sale & acquisition

Understand the value before you negotiate a sale, acquisition or strategic exit.

EXPLORE THIS VALUATION
Management buy-outs

Management buy-outs

Independent valuation for management teams, sellers and financing discussions.

EXPLORE THIS VALUATION