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What we do

Four areas ofspecialist work.

Specialist valuation services for fast-moving investment funds and corporate transactions.

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On this page

  1. 01Private Equity Portfolios
  2. 02Private Credit Portfolios
  3. 03Corporate Valuations & Transaction Support
  4. 04Share Scheme Valuations

In short

An independent valuations firm serving the UK mid-market

  • Portfolio valuations for private equity and private credit funds in line with IPEV guidelines and IFRS
  • Share scheme valuations, including EMI and CSOP valuations agreed with HMRC, and growth share valuations
  • M&A and transaction support

What we offer

Four areas of specialist work

01Private Equity Portfolios
  • Quarterly and annual portfolio valuations for financial reporting and LP packs
  • IPEV-compliant methodologies across minority and majority equity investments
  • Audit-ready outputs with full methodology documentation, built to withstand auditor and LP scrutiny
  • Coverage across buyout, growth, and venture strategies
02Private Credit Portfolios
  • Quarterly and annual portfolio valuations for financial reporting and LP packs
  • IPEV and IFRS 9-aligned methodologies, including ECL modelling and scenario-based analysis
  • Coverage across the capital structure, from senior secured to junior and subordinated debt, including PIK and warrants/equity kickers
  • Audit-ready outputs with full methodology documentation, built to withstand auditor and LP scrutiny
03Corporate Valuations & Transaction Support
  • Valuation support for management buyouts and secondary transactions
  • Purchase price mechanism design and completion accounts support
  • Fair value opinions for W&I insurance underwriting
  • Independent valuation opinions for dispute resolution
04Share Scheme Valuations
  • EMI and CSOP valuations. Unrestricted and actual market values agreed in advance with HMRC’s Shares and Assets Valuation team, giving you certainty on the tax treatment of option grants before they are made
  • Growth share and hurdle valuations. Defensible valuations where no HMRC clearance route exists, documented to a standard that holds up under enquiry and sets hurdles that stand behind management’s equity
  • Share-based payment valuations. Fair value calculations for share schemes under IFRS 2 and FRS 102 Section 26, supporting the charge through your accounts and standing up to audit scrutiny

How we work

A structured approach to every engagement

Each mandate follows a consistent framework, designed to give your fund clarity, confidence, and rigour at every stage.

  1. 01

    Initial Discussion

    We learn about your portfolio and objectives, and agree an engagement structure tailored to your fund's specific needs.

  2. 02

    Onboarding

    A detailed review of each investment — credit agreements, IC memos, and supporting documentation — to establish our baseline valuation framework.

  3. 03

    Quarterly Valuation Report

    Review of portfolio developments during the quarter; delivery of valuation reports for each investment.

  4. 04

    Annual Valuation Report

    A comprehensive, audit-ready report covering full valuation analysis and detailed treatment of all judgmental areas.

  5. +

    Ongoing Advisory

    Ad-hoc guidance on valuation methodology, accounting treatment, and transaction-related questions — available throughout the engagement.

Get started

Every mandate is different

Get in touch with us to discuss your valuation requirements.

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Where to reach us

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Head office
London, UK