Dyke Yaxley, a member firm of The Corporate Finance Network with offices in Shropshire and the United States, has completed a valuation for a business operating in the recruitment sector.
The engagement was referred by another local accountancy firm, who were unable to undertake the work due to a professional conflict. The client needed an independent valuation of the company to support the transfer of shares to a key employee, as part of a broader strategy to promote staff retention and support the business’s future growth.
Alan Jebb and Cian Iddison led the valuation work. Their role was to provide an objective and independent assessment of the company’s value, ensuring that the proposed share transfer could be supported by a robust and defensible valuation. Independent valuations are often required in situations such as these to ensure that transactions between shareholders and employees are carried out on a fair and transparent basis.
Following the completion of the valuation, the client was able to progress with the proposed transfer of shares to the employee. The transaction is expected to strengthen long-term engagement within the business, by aligning the employee’s interests with the continued success and growth of the company.
