Valuations

Real Estate and Capital Equipment

If you have a valuation question or requirement related to Real Estate or Capital Equipment, then we can help.

We value buildings, developments, operating assets, leases, joint-ventures, plant, machinery and equipment. Be that for the asset itself, or to determine the related equity, debt or enterprise value.

We work closely with our clients in relation to transactions, restructurings, financial reporting and tax requirements along with strategic options assessments.

We have a dedicated team of experienced RICS qualified real estate and capital equipment valuers alongside business valuation professionals, providing expertise to help you determine and understand value. We are used to working with large data sets and utilise market leading analytical and visualisation technology toolkits.  

Where required, as part of our wider network in the UK and internationally, we can also provide access to other specialists to supplement this and provide commercial market insights and expertise on related topics.

Industrials and services

The Industrials & Services team are proud to help our clients to understand value today, what drives value and therefore how best to maximise value for the future. We have a dedicated team of valuation professionals located around the UK and specialise in the valuation of businesses, intangible assets and complex financial instruments for a variety of purposes including transaction advisory, financial reporting, tax, disputes, restructuring, and strategic planning.

We are also at the forefront of helping clients understand the impact of ESG reporting, risks and opportunities on value.

Our expertise spans the breadth of the Industrials and Services landscape and includes the following subsectors:

• Industrial Manufacturing
• Automotive
• Aerospace, defence and security
• Engineering and Construction
• Business Support services
• Distribution and Logistics
• Legal and Professional Services

Healthcare, Pharma and Life Sciences

We specialise in valuing businesses, securities and intangible assets across the healthcare, pharmaceutical and life sciences sectors including biopharma, medical devices, diagnostics, healthtech, pharma services, and healthcare services for financial reporting, tax, corporate restructuring, disputes, fairness opinions, and management decision-making purposes.

We also value complex financial instruments, contingent considerations, and management share options specific to these sectors. Our expertise extends to supporting alternative asset managers including Private Equity and Venture Capital with portfolio valuations for financial reporting and providing fairness opinions for related party transactions.

Our team includes individuals with a shared passion for the sector at the forefront of solving some of the most important problems in scientific research and human healthcare.

Retail, Consumer and Leisure

We help management teams and shareholders in the retail, consumer and leisure sectors to understand the value of their assets, and how they can maximise value.

We specialise in valuing businesses, shares and intangible assets for transactions, financial reporting, restructuring, strategic options analysis (including ESG valuations), disputes, fairness opinions and tax purposes.

We provide value insights to a wide range of clients, working with private equity, large and mid-cap corporates, and owner managed and family businesses.

Our national team, with a presence across the UK, has significant sector and technical valuation expertise.

Energy, Utilities, Resources and Infrastructure

We understand the complexities and nuances of valuing assets across the energy, utilities, resources and infrastructure sectors. Whether it's valuing a wind farm, an airport, an EV charging business, a gas pipeline, or a mining operation, our team has expertise across a variety of sub-sectors, advising clients on both private credit and equity investments.

We regularly work with corporate and institutional investors including sovereign wealth funds, providing valuation services for financial reporting, mergers and acquisitions, capital raising, dispute resolution, tax planning, and restructuring. During the process, we regularly deal with GPs, auditors, legal counsels and other third parties.

We are the largest sector focused energy and infrastructure valuations team in the UK, spanning across London and the regions, offering unparalleled reach.

Where required, we closely work with our local member firms, drawing upon their subject matter expertise in local regulations and market dynamics to deliver relevant insights to our clients.

Technology, Media & Telecommunications

The Technology, Media, and Telecoms (TMT) sectors stand at the forefront of innovation and growth. The fast paced and often disruptive nature of the TMT sectors present unique valuation challenges which can be difficult to navigate without the appropriate sector expertise.

Our market leading TMT Valuations team are experts in the valuation of TMT businesses and assets. We have deep sector expertise across the full spectrum of TMT, including software and AI, semiconductors, video-gaming, advertising, TV, music, films, telecommunications and many more. As the largest valuations firm in the world, we leverage our global scale and can tap into the right experts to deliver tailored and effective solutions to our clients. Our services include end-to-end M&A support and advising on fundraising, tax and financial reporting, as well as helping clients resolve valuation disputes.

Please get in touch to discuss how we can support you.

MIP Advisory

We can help whenever you have a reward related valuation requirement, be that management incentive plan (MIP) shares / growth shares, EMI scheme shares, CSOPs, carried interest or other complex instruments.

We have extensive tax valuation experience and through the power of our global network can provide robust, tax authority compliant analysis and reporting on corporate schemes or small to mid-market transactions through to large multi-jurisdiction deals, where incentive plans are typically a critical and highly emotive aspect of the process. 

We work closely alongside our Corporate Finance, Tax and Legal teams to provide an integrated and seamless MIP Advisory solution. We have you covered through the full transaction lifecycle, from pre-deal and structuring to implementation and exit readiness.

Our analysis is supported by our proprietary cloud-based Equity Reward Analytics (ERA) software, a one-stop design, valuation and benchmarking visualisation tool to help you meet your commercial objectives. Click on the link to see ERA in action.

Private Clients

If you have a valuation question or requirement related to a contentious or non-contentious matter, then we can help.

Our dedicated team of valuation specialists has significant expertise in supporting Private Clients, Trustees and Family Offices through key life events and milestones such as succession and shareholder planning, transfers of wealth, trust and group reorganisations, company exits as well as resolving matrimonial, family and trust disputes. We often work closely with legal and tax advisors throughout long running, complex and multi stakeholder processes. We also have significant experience providing tax valuations for IHT and CGT purposes, including negotiating with HMRC.

We have access to a global network of PwC valuations specialists. Our UK Valuations practice is the largest in the UK comprising over 180 dedicated valuers with deep sector expertise across all industries who can provide real world, independent and robust views on value. We are experienced in valuing ordinary equity (including minority shareholdings), growth/hurdle shares, quasi-equity instruments (e.g. preference shares), complex derivatives and private debt and utilise technology solutions to support decision making, helping clients navigate data-heavy, complex structures through interactive visualisation tools.

ESG

Our market leading ESG valuation team is at the forefront of valuing climate change. From helping companies quantify the impact of climate risks, all the way through to valuing the tech and nature based solutions that are working to prevent them.

1. Valuing climate risks and opportunities: Our tried and tested approach helps clients prioritise and quantify the climate risks and opportunities emerging from their reporting. This can be used for purposes such as:
   
   - Impairment testing;
   - Fund reporting; and
   - Internal decision making and value creation
2. Valuing technology solutions: We perform commercial and reporting valuations of early stage climate tech businesses across sectors such as green hydrogen, battery storage, carbon capture and EV charging.
3. Valuing nature based solutions: We work closely with our Sustainability experts to value natural capital assets such as forestry funds and carbon credit producing projects, where we have developed an innovative framework for estimating appropriate rates of return.