There is no single way to value a business; it's an art, not a science. The process demands sound commercial judgement and common sense from your adviser.

We start by asking four main questions:

• what are we valuing?
  
• why are we valuing it?
  
• at what date?
  
• for whom?

We will then discuss with you whether to go for earnings-based, cash-flow based, asset-based or a dividends-based valuation, explaining which we think is most appropriate for you, and why.