Assessments of Available Liquidity
RDA advises legal teams in respect of available liquidity, including share transfers and circumstances where companies buy back shares.
They are incredibly knowledgeable and accessible in how they write their reports. They do not assume everyone gets this stuff, which is really helpful for the client too.
Chambers and Partners, Leading Forensic Accountants, 2022
Recent Assessments of Available Liquidity Cases
Expert valuation advice in respect of carried interest calculations by reference to the A v M formula
Instructed to consider the potential value of a husband's entitlement to carried interest, with specific consideration of the firm's 'Dollars At Work' carry payment structure. Consideration was given to the correct approach where the husband had interests in multiple funds.
Expert appointment on behalf of the wife in an UHNW divorce of leading UK musician, UK High Court
Appointed as a sole expert to assist and advise the wife during her divorce from a leading UK musician. Consideration was given to both the publishing and performing rights and associated royalties, which were substantial.
Instructed on behalf of the non business owning party to advise of certain valuation aspects in anticipation of a set aside application, Family Court
Instructed to reperform certain valuation calculations, including a DCF analysis, adopting alternative assumptions based on information available at the time of historical proceedings, but not reflected by the SJE at the time.
Party appointed expert in large (c. £250 million) proceedings involving large number of portfolio companies, Family Court
Appointed on behalf of the husband in large divorce proceedings and instructed to prepare a report to assess the value of an interest in a successful investment fund, as well as several one off investments held via complex offshore structures.
Party expert appointment to perform wide ranging spending analysis and review, Family Court
Appointed as a sole expert to perform a wide ranging review of spending and transfers across a large number of accounts and long time period, with the output taking an innovative form, with flexible charts and graphs depicting spending across different cost categories.
Single Joint Expert appointment to estimate the value of a minority interest in a large early stage fintech business, Family Court
SJE appointment to value a large minority interest in a fintech payment provider following its acquisition of the husband's business. Consideration was given to the value implied by recent successful funding rounds.