In reviewing the case of Munja Bakehouse Pty Ltd [2024] NSWSC 6, two divergent business valuation opinions were brought before the court, each reflecting different approaches to the valuation of Munja’s shares. The court had the challenging task of determining which valuation provided the most reliable reflection of the business’s worth. On one side was Mr. G, representing the defendants, and on the other, Mr. S, acting for the plaintiffs. While both experts employed EBITDA as a primary metric, the court ultimately favoured Mr. G’s valuation due to its stronger alignment with the specific circumstances of the business.

Read More

As experienced professionals in family law, you understand the crucial role that business valuations play in resolving complex financial matters during divorce proceedings. The precision and reliability of these valuations are essential, yet they often present challenges that require not only legal acumen but also a deep understanding of valuation practices. Let’s delve into three vital considerations that you, as solicitors, must keep in mind when reading a business valuation report.

Read More

For the majority of business owners, the curiosity, energy and positive outlook that helped them start their business dissipates so significantly over time that the business becomes a daily bicycle ride up a steep hill; Not the new caravan-towing 4WD envisaged. And when the decision to sell is made – it’s because the fuel-tank is empty.

Read More

There is no doubt that we business owners now confront more significant financial pressure and difficulties than we did during the global financial crisis of 2007 to 2011.

Read More

When it comes time to sell your business, most owners focus on the bottom line, on financials and on the obvious assets the business owns. However, it’s worth knowing that the less tangible aspects of a business very significantly impact upon its value, too.

Read More

Read More