Business Valuation and the Determination of the True Worth of a Company
Business Valuations is a sophisticated blend of art and science that aims to provide an impartial opinion of value. In order to achieve that, the business valuation should involve due diligence and forensic investigation of main balance sheet and profit and loss items and take into consideration not only financial but also non-financial information.
Business Appraisals in today’s turbulent economic and business environment are needed for a variety of reasons such as:
- Mergers & Acquisitions,
- Business Strategic Planning and maximization of Shareholder Value,
- Exit Planning,
- Determining the value of Intangible Assets,
- Restructuring & Spin offs,
- Liquidation & Bankruptcy ,
- Fair Value Measurement,
- Due Diligence,
- Financing,
- Damages Litigation,
- Insurance claims
- Initial Public Offerings (IPOs) etc.
The Director of the company, Mr Rakis Christoforou is Accredited in Business Valuation (ABV) and member of Professional Appraisal Organizations. What differentiates our firm from others in the region is the fact that we follow strict standards and guidelines when performing Business Appraisals that ensure that our work product is of the highest Quality. We follow the Uniform Standards of Professional Appraisal Practice (USPAP) of The Appraisal Foundation, the Statement on Standards for Valuation Services (SSVS), the Statement on Standards of Consulting Services (SSCS) and the Code of Professional Conduct of The American Institute of Certified Public Accountants (AICPA).
Performance Improvement and Maximization of Shareholder Value
The business performance assessment and improvement steps play a crucial role in the sustainability of enterprises in our high competitive environment of Economic turbulence. It will take at least a few more years before the economic environment stabilizes. In the meantime Businesses must be alert and ready to adjust quickly making all necessary improvements at an early stage before the situation gets out of control.
Feasibility Studies to determine the viability of the Business and the necessary remediation action that has to be taken that could include reorganization and turnaround attempts,
Tailor made business consultation and advice for comprehensive practical solutions,
Specialized advice and continuous Business support on important business decisions and the day to day running of the business for best results.
Debt Restructuring and Negotiation with Banking Institutions
In this turbulent business environment many businesses are facing severe liquidity problems and a professional diagnostic investigation on the financial affairs of such companies might be needed. At the same time proper Debt restructuring and negotiation with Banking Institutions is also essential in this endeavor. Our long lasting experience in the Banking Industry in combination with our unique Qualifications in the Accounting/Consulting profession guarantee the best of results.
Financial Forensics and Forensic Accounting
Offering litigation support for clients through their lawyers or directly to clients serving them as financial consultants and/or financial expert witnesses on complicated financial issues and damage calculations,
Assisting in financial dispute resolutions,
Performing Financial Forensic Investigations on alleged Financial Statement Misrepresentations, Management and/or Employee Fraud, or other fraud investigations,
Helping clients develop a sound Risk Management Plan which will also include Fraud Risk Management and proper Risk Assessment,
Assisting Businesses in their Fraud Prevention and Detection procedures as well as in the implementation of the appropriate Remedial action and Response.
For Performance Improvement and Maximization of Shareholder Value
Through the In Depth knowledge of our client’s operations we can offer tailor made consultation and monitoring of business activities for performance improvement that will ultimately lead to maximization of shareholder value.
For Debt Restructuring
Our debt restructuring process involves the understanding of current markets and business climate. We have a deep knowledge of how a carefully structured debt plan can improve business performance, and help to sustain business efforts moving forward.
Our approach to business debt restructuring is to take a full evaluation of our clients’ outstanding debt and explore all possible options for refinancing.
Providing Seminars and Workshops
We have delivered the following seminars and workshops for the Business Community of Cyprus:
• 27/03/2013 “Introduction to Forensic Accounting” for the CySEC (Cyprus Securities and Exchange Commission) officers at CySEC premises in Nicosia,
• 28/03/2013 “Introduction to Forensic Accounting” for the ICPAC (Institute of Certified Public Accountants of Cyprus) members at Cleopatra Hotel in Nicosia,
• 18/06/2013 “How to Improve Risk Management” for Business Professionals organized in cooperation with CIIM (the Cyprus International Institute of Management) at CIIM Nicosia,
• 18/07/2013 “How to Determine the True Worth of a Company” for Business Professionals organized in cooperation with CIIM (the Cyprus International Institute of Management) at CIIM Nicosia.
Recruiting
The most important asset in any company or organization is the personnel. We therefore help our clients in the recruiting process and final selection of the appropriate personnel.
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