Intangible Asset Valuation
Going Concern or Liquidation Premise
International Valuations Standards Council Compliant
The company was in a CVA which it had operated in for the last 18 months. Unfortunately, due to a downturn in trading the CVA was going to fail and liquidation was the only outcome.
European Valuations was engaged by the Company (via their adviser) to conduct a going concern trading business valuation which included the customer contracts to opine on any potential value and then market and arrange a sale to a third party.
European Valuations was successful in agreeing a sale to a large contract cleaning company based in London. The contracts were transferred and the company re-employed all the staff.