Examples of recent work
ALLEGED THEFT BY EMPLOYEE
An investigation and report into an alleged theft undertaken over a six year period by the administrator/bookkeeper of a family run company. A fair portion of the income of the company was received in cash and a detailed report identifying amounts which had not been banked over the period was prepared. Approximately 6,000 transactions totalling in excess of £4m were reviewed which highlighted unexplained amounts of cash taken from the business in a report submitted to the court for its consideration.
PENSION SPLITTING ON DIVORCE
A Family Law Practitioner approached us in respect of a client who was in the process of divorcing. The client’s spouse was in a Civil Service occupation with early retirement options. Our detailed knowledge of different types of pension schemes (both in the public and private sectors) gave us the ability to value the benefits on retirement as opposed to the value originally quoted. This almost doubled the fund available and hence the related pension entitlement. The solicitor was then able to negotiate a far more equitable split of assets for the client.
PROBATE VALUATION OF PRIVATE LIMITED COMPANY SHARES
We were appointed to produce a probate valuation report of the deceased’s shareholdings in six diverse companies operating in retail and service sectors. The valuations involved the assessment of a range of majority and minority stakes in the businesses, with due consideration given to complex joint family and other related party shareholdings. Both income and asset valuation techniques were required to be employed in arriving at suitable values.
LOSS OF EARNINGS AND PENSION BENEFITS
Following the wrongful imprisonment and prosecution of the solicitor’s client, we were appointed to calculate a loss of earnings and pension benefits in support of a claim for compensation. The review and calculation required assessment of, not only the period of imprisonment but also, the damage caused to the client’s reputation following release and the inherent restrictions to their future career progression.
PROCEEDS OF CRIME CONFISCATION PROCEEDINGS
We were appointed by the defence team to review and report on the financial transactions undertaken by the defendant over a six year period. The review required a detailed analysis of a significant number of bank accounts and other financial assets to identify deposits arising from evidenced sources of income. Following completion of the report we assisted the defence barrister in negotiating an agreed settlement with the Crown Prosecution Service.