Valuations

Valuation service line

Business valuations can be required for numerous purposes, including:

  • Business acquisitions and disposals
  • Shareholder / partner buy-outs
  • Minority oppression and litigation support
  • Fair and reasonable opinions (Companies Act, SA Reserve Bank, JSE, Takeover Regulations)
  • Matrimonial dissolutions
  • Taxes (estate duty, donations tax, capital gains tax)
  • Financial reporting
  • Employee Share Ownership Plans

    Business valuations are considered part art and part science. The “science” element refers to the valuation theory which has been developed and refined by academics and corporate finance professionals over decades of research into the pricing of business interests.

    While the valuation theory provides practitioners with a robust framework from which the value of a business can be determined, there are numerous areas within a valuation which require judgement on the part of the valuer. The “art” element of valuation therefore relates to the professional judgement required on the part of the appraiser in dealing with the numerous subjective issues which will be encountered in a business valuation.

    To be an expert in the field of business valuation, a practitioner therefore needs, not only a thorough knowledge of valuation theory and how to apply it in the real world, but also extensive experience in performing valuations that have been validated by actual transactions.

    Why Crest Capital...
  • We pride ourselves on performing valuations which appropriately take into account the attributes of the business being valued, rather than simply applying rule of thumb. approaches which tend to overvalue weak businesses and undervalue strong businesses.
  • Our directors have collectively performed hundreds of valuations on companies ranging from privately-held micro businesses to top 100 JSE listed companies.
  • We have performed business valuations in almost every sector of the South African economy.
  • Our valuations have stood up to the scrutiny of local and international courts, the Johannesburg Stock Exchange and other regulatory bodies, as well as the review of our peers, including the Big 4 audit firms and large merchant banks.