Last week, I wrote about a principle that surprises many business owners: Profit does not equal value. A business can show strong profits and still attract a modest price in the market. Conversely, a business with modest profits may sell for a significant multiple. The difference usually comes down to risk. Buyers do not purchase […]
Kevin Lovewell is an accountant specialising in Business Valuation.
When a business owner asks, “What is my business worth?”, the question is rarely neutral. In my experience, around half of those conversations are driven by external pressure — ill-health, burnout, loss of a key client, or a sudden market shift. The decision to exit via selling has already been shaped by urgent external events. […]
Kevin Lovewell is an accountant specialising in Business Valuation.
Expanding on the “Sword and Shield” analogy from last week’s discussion Last week I used the analogy of a sword and a shield to describe the role of valuation standards in family law. I’ve had a few observations about that phrase, so here’s why I find it a useful way to explain what superior valuation […]
Kevin Lovewell is an accountant specialising in Business Valuation.
Gare & Farlow and Lund & Whittall (No 2) show why valuation outcomes turn on facts, not formulas. There is a recurring problem in contested family law valuations. Parties and practitioners often try to create “rules of thumb” that interpret and codify the Court’s position on business value. If the business cannot be sold, it […]
Kevin Lovewell is an accountant specialising in Business Valuation.
Grey divorce is no longer an anomaly. In Australia, separations involving couples over theage of fifty have more than doubled over the past three decades. These are not matters offuture earning potential. They are disputes about capital security, often unfolding atprecisely the moment when there is no realistic opportunity to rebuild. For family law practitioners, […]
Kevin Lovewell is an accountant specialising in Business Valuation.
In family law disputes as with mergers and acquisitions, a business valuation is rarely treated as simply another piece of evidence. It becomes the fulcrum upon which entire negotiations pivot, the foundation upon which settlements are built, and too often, the vulnerable point at which otherwise solid agreements begin to fracture. From the perspective of […]
Kevin Lovewell is an accountant specialising in Business Valuation.
What is the easiest way you could increase sales by 20%? Warning: This Blog is confronting – Only read on if you have the appetite for a harsh truth. You have been warned. If you proceed past this point – I urge you not to shoot the messenger. When performing due diligence or preparing a […]
Kevin Lovewell is an accountant specialising in Business Valuation.
Over four decades in my profession of accounting – including valuing businesses, I have observed a curious consistency. Whether valuing a manufacturing concern, a professional services firm, or a family-owned enterprise referred by a solicitor for matrimonial or succession matters, certain patterns emerge with remarkable reliability. Solicitors often tell me their clients express surprise when […]
Kevin Lovewell is an accountant specialising in Business Valuation.
I had a conversation last week with a business owner who had just received an informal valuation from his accountant. Simple calculation: EBITDA times industry multiple equals business value. He rang me, rather pleased with himself, expecting I would confirm the figure, and we could move straight to marketing his business. We could not. Having […]
Kevin Lovewell is an accountant specialising in Business Valuation.
In family law, a small or medium business is never “just another asset” on the balance sheet; it is a dynamic, living enterprise intertwined with the DNA of one or both of the dispute related parties… and that entity must be defined and expressed as a defensible number under intense scrutiny from the Court, the […]
Kevin Lovewell is an accountant specialising in Business Valuation.
