Divorce finance made simple
The HW Forensics team have vast experience of handling complex divorce cases, often involving high profile businesses and high net-worth individuals.
In common with our colleagues working in general practice, our specialism lies in owner-managed businesses.
The valuation of a business, whether in divorce proceedings or as part of other litigation requires an excellent working knowledge of owner-managed businesses, the industries in which they operate, and ancillary tax and financing issues that can impact a business and its owners.
We have particular interest and experience of working with lawyers and their clients within a collaborative law process and have helped achieve excellent results in these cases.
Our typical information requirements for a valuation are:
- Annual accounts of the business (including detailed profit and loss accounts)
- Recent management accounts
- Copies of current budgets, forecasts and business plans (where available)
- Commercial information about the business including its principal goods or services, markets, customers, suppliers, contracts, terms of business etc
- The Articles of Association (if applicable)
- Shareholder or partnership agreements
- Property and specialised asset valuations
- Copies of any recent valuations, share transactions etc
Expert witness instructions
We accept instructions from solicitors as either a party expert, as single joint expert or in an advisory capacity. We have also been actively involved in advising within Collaborative Law. As expert witnesses, we understand the reporting requirements of both Family and Civil Procedures Rules and have taken part in meetings of experts and attended trial where required.
Other Financial Remedies as part of the divorce process
Our services and experience extend beyond the basic business valuation – for example we can help with the following financial remedies as part of the divorce process:
- Advising on tax matters associated with the ownership or disposal of matrimonial assets including the former matrimonial home
- Commenting upon the liquidity of the business
- Commenting on sustainable income for parties involved in the business
- Disclosure of assets and sources of income
- Implications of share options
- Research of corporate valuation comparators
- Non-corporate and partnership valuations
We are also pleased to help in the review of Form E’s.