Valuation
Succession and
company sale
What is your company worth?
An interested party has given you a number. An online calculator gives another. Your tax advisor says you can’t calculate it that way. All three are partly right – and none of them provides you with anything on which to base a decision that is about your life’s work.
We determine the value of your company according to recognized methodology and disclose what it results from: the underlying income, which adjustments were made, the interest rate used for capitalization and which assumptions move the value the most.
Gifts and Inheritance
Too high a valuation by the tax office? That can be checked.
If a company or a share is given away or inherited, the tax authorities regularly determine the value according to the simplified income value method. The average annual income is multiplied by a legally defined factor – unchanged since 2016 at 13.75, regardless of interest rate level, industry and risk.
In the case of profitable companies, this often leads to a value that is significantly higher than what would be achieved on the market if it were sold. The law provides a corrective for this: the simplified procedure is not to be used if it leads to obviously incorrect results. And you are allowed to prove a lower fair market value – by means of an appraisal.
Change of shareholders and severance pay
The severance clause in your articles of association – do you know what triggers it?
Many articles of association contain a severance provision that has not been touched for decades: book value, Stuttgart procedure, a fixed multiplier. As long as no one leaves, this is not noticeable. If someone leaves, this one clause decides on a six- or seven-figure amount – and on whether the company can cope with it.
If a dispute arises, a lot depends on how far the value defined by the clause deviates from the actual share value. The law intervenes if this disproportion is gross. How large the difference is in your case can be calculated – beforehand.
Equity Valuation and Impairment Test
Valuation of investments for the impairment test
The impairment test requires a valuation that the auditor will critically assess – and that he or she is not allowed to prepare himself. We perform this valuation as an independent auditing firm that is not your auditor.
The difference to valuation consulting lies in the documentation. We know the audit perspective from our own practice and thus document that is viable in the audit process comprehensible planning derivation, justified capitalization interest, documented sensitivities, clear delimitation of the valued unit.
your next step
A preliminary talk of 30 minutes is sufficient to clarify the scope, date and fee framework – and to check in advance whether there are any obstacles to independence.
