FFP Business Valuators are accredited by the Canadian Institute of Chartered Business Valuators (CICBV). The CICBV is widely recognized as the preeminent organization of business valuators in Canada.
Our Valuation Services include:
- Assistance in establishing the basis for an actionable claim.
- Assistance in establishing potential areas of loss (i.e. heads of damage).
- Identification of key documents required to complete the analysis (used in the preparation of the Affidavit of Documents or to request documents from the opposing counsel).
- Assistance in developing lines of questioning for the Examination for Discovery.
- Industry research and analysis.
- Quantitative analysis.
- Preparation of an opinion report outlining analyses and conclusions.
- Review of the opposing expert's report including the preparation of a formal written critique.
- Assistance in assessing settlement offers (from a financial perspective).
- Provision of expert testimony at trial.
- Preparing demonstrative evidence for trial.
- Assistance in preparing lines of questioning for the cross examination of the opposing expert at trial.
There are a variety of circumstances that require expert assistance and valuation advice, including:
- Income tax disputes and compliance
- Estate planning or settlement
- Fairness opinion, OSC 61.501
- Corporate reorganization
- Mergers, acquisitions & divestitures
- Matrimonial dispute
- Appraisal & oppression remedy
- Shareholder dispute
- Business interruption
- Breach of contract
- Product liability
- Patent or copyright infringement
- Preparation or interpretation of shareholders' and other agreements
- Income trust transactions
- Financial reporting (goodwill impairment & purchase price allocation)
Level of Assurance
Different circumstances may require different levels of assurance. For example, for some tax planning purposes an estimate of value may suffice. Other situations may require a more comprehensive approach resulting in an opinion of value.
FFP experts can assist you in determining the appropriate scope of review. Our team will tailor a work program that will adapt to changing requirements as the assignment evolves.
Calculation of Value
A Calculation Valuation Report contains a conclusion as to the value of shares, assets or an interest in a business. It is based on a limited review and analysis and does not include corroboration of relevant information. It is generally set out in a brief valuation report, that does not include a conclusion or opinion of value.
Estimate of Value
An Estimate Valuation Report contains a conclusion as to the value of shares, assets or an interest in a business. it is based on a circumscribed review, analysis and corroboration of relevant information. The valuation report is generally less detailed than an Opinion Valuation Report.
Opinion of Value
In most situations ― including fairness opinions, transaction-related engagements, and litigation matters ― an opinion of value is appropriate. A Comprehensive Valuation Report contains a conclusion as to the value of shares, assets or an interest in a business. It is based on a comprehensive review and analysis of the business, its industry and all other relevant factors. It is corroborated and detailed and set out in a Valuation Report.
An opinion of value offers a more comprehensive due diligence process and commentary on value. While assurance may vary, the quality of the analysis must not be compromised.
FFP was retained to determine the fair market value of a start-up company for the purpose of raising private equity to further develop the business concept. We undertook extensive due diligence of the business, its financial projections and the industry in which the business operates. We prepared a detailed quantitative analysis to support our value conclusion and our findings were outlined in a report.
We assisted the client in identifying different sources of potential capital and how best to combine equity and non-equity investments in order to maximize shareholder value. We completed our assignment on time and on budget. The client successfully raised the required capital and has since gone on to become a publicly listed company.
We were retained to evaluate the financial affairs of a spouse who, together with family members, had an ownership interest in several businesses. Our investigative and forensic accounting findings included identifying inflated invoices from a CA firm that flowed payments back to the shareholders personally, personal expenses recorded as business expenses, and diverted revenues. We also identified likely income sources for the spouse that were consistent with his lifestyle, whereas reported income for tax purposes was insufficient to support his lifestyle. These findings were included in valuations of the various business interests.
The combination of investigative and forensic accounting and valuation expertise helped our client obtain a Judgment consistent with our determination of net family property and the spouse’s actual income for child and spousal support purposes.
If you would like to learn more about our qualifications and experience in this area please contact us at any time.