The BBC’s Dragons’ Den is now in its 16 th season with the highs and lows of building a business remaining compelling viewing. It entertains and can be excruciating in equal measure, particularly when the Dragons roll their eyes following a wildly optimistic valuation of the hopeful’s business. So why is it so difficult to value a business? We highlight some of the more common mistakes.
Our Forensic and Valuations team has seen a significant increase in the number of intellectual property (“IP”) valuations being requested for a range of purposes, including FRS102, requiring greater recognition of intangible assets in business combinations.
Three quarters of businesses in Kent have been subject to an attempted email fraud, cyber-attack or telephone fraud in the past six months and expect to see a marked increase in attempts over the next two years, reports a survey conducted by accountants, business and financial advisers Kreston Reeves, Brachers Solicitors and Towergate Insurance Brokers.
The adage that ‘a chain is only as strong as its weakest link’ was coined in the Eighteenth Century, well before modern business methods and technology were envisioned. Yet a recent presentation to the Kent Corporate Finance Alliance, organised by Kreston Reeves and hosted by Barclays Bank at their Kings Hill offices in West Malling, showed that cyber crime perpetrated on UK businesses has escalated to more than 2.1 million victims in the UK in 2015 (Office of National Statistics, 2016). And those figures under-report its incidence.