Qualified as a Chartered Accountant (FCA) in 1976 and as an Associate Member of the Chartered Institute of Taxation (ATII) in 1980. Partner in Coopers & Lybrand (now PwC) 1987-1989.
Specialist Chartered Accountant providing services to private companies and small pic's including acting as a director, strategic planning, corporate finance and wealth/tax planning.Provision of litigation support services mainly to firms of solicitors and insurers.
Given evidence in court on many occasions since 1980 including the High Court. Acted as a single joint expert, single expert, shadow expert and collaborative expert.
Key areas include business valuations,taxation, assessment of past and ongoing earnings, tracing of funds and assessing professional indemnity claims. Advice provided on both a formal disclosed and informal undisclosed basis.
I work with large asset and small asset/claims cases. My aim is to work with my instructing solicitor in pinpointing and quantifying the main issues. This leads to a practical approach so that costs are managed in line with the net worth of the case.
Specific services include:
Review of documents and initial assessment of worth of a case.
Raising of financial questionnaires;
Informal reports not for disclosure for the use of the instructing solicitor, Counsel and the client;
Preparation of formal reports for disclosure;
Review of reports prepared by other experts and provision of a detailed commentary and overview;
Attendance at court to give evidence;
Post settlement implementation.
My experience outside of forensic services enables me to bring value to professional indemnity claims covering:
Purchase of own shares;
Application of clauses in the Articles of Association and Shareholders' Agreements;
Ownership structure revisions;
Acquisitions and disposals including claims under warranties;
Interpretation of accounting policies and best practice;
Trusts (onshore and offshore);
Tax avoidance schemes; and
Self administered pension schemes;
Experience outside of forensic services
Involved in managing many businesses over the years including a continuing role with a substantial specialist steel stockholding group.
Regularly involved in business acquisitions and disposals including management buy outs and settlement of shareholder disputes. This includes business valuations, due diligence, negotiations, finance ra1s1ng and reviewing sale and purchase agreements
Successfully led the turn around of businesses by identifying key issues and implementing a plan including the securing of adequate finance.
Acts as a trustee of several discretionary trusts and self administered pension schemes.
Reported case [20131 EWHC 1196 (Fam)
Examples of case history
Acted in cases involving:
Values of shareholdings including those at different dates and the use of minority discounts;
A purchase of own shares where incorrect advice and implementation occurred;
Business disruption including an assessment of loss of profits;
Business cessation after an oversight on a restrictive lease covenant did not allow the tenant to carry on its activities at the leased site;
An assessment of wasted expenditure after incorrect professional advice had been obtained;
Assessment of claims under warranties following a disposal of a business;
Interpretation of accounting policies.
Other experience includes;
Acted as a single expert for W - valuation of a fast growing recruitment services company with a turnover in excess of £300m. This included identifying substantial manipulation of profitability leading to a satisfactory settlement.
Acted as a single expert for W valuing a fast growing outdoor clothing and leisure products retailer with a turnover approaching £1OOm together with numerous property companies and joint venture property development companies. Gross assets £29m.
Acted as single expert for H valuing a profitable specialist steel stockholder with a turnover of between £25m and £30m. My valuation report was issued as part of the initial voluntary Form E and settlement was achieved around this initial valuation level. Total net assets £19m.
Acted as a single expert for W in respect of the valuation of two retirement villages owned by businesses in a complex structure ultimately owned by an offshore trust. Advice included taxation restructures in order to extract funds.
Acted as a single joint expert involving a dispute over the valuation of stocks and the impact on the overall value of the underlying locksmith business.
Advised on price and raised finance to facilitate a management buy out of a supplier of refractory materials to the steel industry.
Advised on the technicalities of a sale by a significant minority shareholder so that a capital route purchase of own shares would be accepted by HMRC. This transaction also involved compensation for loss of office and the transfer of a property owned by the business.