Quite often companies and even individuals do not know the exact worth of their assets. The ‘historic’ costs of acquisition of the assets are usually depreciated and/or appreciated by some factors and entered into records as the value of the assets with a lot of doubt and quite rightly so. A proper valuation of the assets is necessary to determine their Market Values. These are the values determined solely by the interplay of the market forces of demand and supply and are relevant for balance sheet purposes, merger bids and preparation of companies’ prospectuses.

This is carried out to determine the insurable value of your assets and property(s). That is, to determine the extent of claims and consequently, the premium payable when the decision to secure an insurance cover is taken. In the event of insurance claims, there are only two scenarios via: – total destruction and partial destruction.

In the first instance, if the sum insured is higher than the replacement cost or indemnity value, the extent of claim will be limited to the actual sum needed to replace the property or indemnity value. If the sum is lower, the claim will only be limited to this lower figure.

In the second instance, the claim will be limited to the part destroyed but if the sum insured is lower than the full value, the mitigating average clause will apply in which case the claims will be reduced in the proportion of the sum insured to the average re-instatement or indemnity value.

It is therefore of paramount importance that the sum insured represents the limit of liability. If the figure is over assessed, the additional premium would have been paid for an unbeneficial portion of the sum insured, and if under assessed, a more damaging situation arises from a compensation claim less than will be required to bring the insured back to the position he or she was before the accident.

The aim of insurance valuation is to ensure that in case of any mishap, the insured value of asset will be sufficient to provide restitution for the insured. In other words, will be equal to equivalent cost of reinstatement or construction.

There is always temptation to use the written down value of the accountant for insurance purpose. The constantly devaluating naira rate and spiraling inflation have made this practice very dangerous.

The worth of an organization in most cases is largely determined by the value of its land and buildings, plant and machinery, furniture, fittings, motor cars and assets. The determination of which carry enormous responsibility, moreso when a company is requesting the investing public to buy its shares.

The asset valuation in such instance is the bedrock of preparation of prospectus for floating the company.

Valuation for accounting provides realistic statement of value of fixed assets employed in running the business at a particular point in time. That is to say how much will the fixed assets fetch in open market at that point in time.

This valuation is also required where companies are expected to indicate the value of assets in their books which will guide decision making by stakeholders. 

It assists in preparing factual financial statement that will provide true index of efficiency of asset consumption and thereby indicate correctly profit, depreciation, tax allowances and other important matters in running an organization.

This is the process of determining the monetary worth of assets  such as properties, plant and machinery such as ships and aircraft, Office furniture, fixtures and fittings, stock-in-trade, and even personal jewelries.

This is used to determine how much to collect as annual rent for a      property.

We are well equipped in advising clients on the market value of  assets which could be vital in dispute resolution such as divorce. For instance, if one is sued for divorce/ marriage dissolution and require an asset and property valuation to process the severance. We will conduct divorce valuation of the parties’ assets and properties and give you a divorce-purpose valuation report for your legal proceedings.

We advise clients on the market value of assets in the event of business merger, takeover and or partnership.

We advise clients on the market value of assets and properties for business financing purposes

If you applied for child adoption and require proof of capacity  to train the child. Your assets such as properties, plants and machinery and stock-in-trade are money. We are equipped to conduct the valuation of the applicants’ assets and give you a child-adoption purpose valuation report for your application

For your export-import funding but you have no money for clearance. Your property/plants and machinery/stock-in-trade is money. We’ll conduct valuation of the assets and give you an export-import purpose valuation report to take to your Port Authority.

Looking for a guarantor and unable to get one. Your property,  plants and machinery, stock-in-Trade is a good guarantee. We’ll conduct valuation of the assets and we’ll give you a guarantor-purpose valuation report for your business

When landed property exchanges hands in the course of transactions e.g. sales, acquisitions, compensations, mergers, etc; Market Value is ascribed to it, to which willing parties will deal in the property.