Company Directors

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    Anonymous
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    This is a general query addressed to anyone who has assessed a claim from a company director!
    How do you value the company? And how often would you be prepared to revalue the company, and on what evidence?
    As an example, we have a company director who said in his 05/06 company a/cs that his company’s assets minus current liabilities totalled just over £9k. He now says that the company has been receiving no income but has still had outgoings over the last few months, and the value of the company is now about £1600.
    Our current thinking is that the only realistic way to assess the value of the company is to use the company’s annual a/cs, otherwise you could argue that the value would go up and down with each individual change to the company’s accounts through the year.
    But we aren’t at all sure we’re right – help!

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