ICAEW.com works better with JavaScript enabled.
ICAEW event

Valuation Conference 2025

18 September 2025, Virtual Event

Learn about current developments in business valuation.

Watch on demand

Highlights

Sessions will cover a range of practical and technical issues to keep you at the top of your field, enabling you to provide your clients with solutions to the challenges in this ever-changing sector.
star

Economic insight

Learn about both UK and global economic trends in one of the most popular sessions at the conference.

star

The impact of AI

Review where things currently stand in the application of artificial intelligence to detailed valuation work.

star

Advising on corporate finance

Look at the valuer’s input into the detailed content of the share purchase agreements, and consider the question of earn outs from the perspective of the lawyer.

star

CPD

Attending this conference could contribute up to 5 hours of verifiable CPD.

Programme

Please note that the programme is subject to change.

Morning sessions

Chair's opening remarks
9:15
Sales and Purchase Agreements
Edward Orme, Director at Grant Thronton UK will give an insight into enterprise to equity value bridges, completion mechanisms and the accounting aspects of SPAs.
9:20
Weighted Average Cost of Capital and Weighted Average Return on Assets (WACC and WARA)
Andrew Strickland, Consultant will look at the calculation of the WACC and some of the challenges. It is axiomatic that the WACC should be consistent with the weighted average return on assets (WARA). Different assets have different risk profiles and different funding structures in consequence. This session addresses some of the challenges encountered in this area.
10:05
Break
10:45
Debt Valuation and Credit Ratings
Examine how debt valuation can be supported by credit ratings and ratings criteria, alongside debt market information. It will cover the fundamentals of debt valuation, including the role of the discount rate, and explain what credit ratings represent. Matt Palmer, Senior Director will highlight how Fitch’s criteria can serve as a foundation for debt valuation in combination with market data, explore the key drivers behind changes in debt valuation, and analyse how credit ratings influence market valuation across sectors. Additionally, it will discuss what market data reveals about the value and significance of credit ratings.
11:05
FCA review of private market valuations
The FCA will join us to discuss the findings from their review of private market valuations and impart key messages they think are pertinent to professional valuers. Howard Cornwell, Manager, Alternatives Supervision at the Financial Conduct Authority will lead this session.
11:50
Break
12:30

Afternoon sessions

Economic update
Join David Smith, Economist at the Sunday Times for one of the most popular sessions at our conference is always a summary of the economic backdrop.
13:30
Understanding the complex structure and workings of earn-outs
Edward Chapman, Partner at Taylor Wessing & Kelly Klein, Partner at S&W Group will look at the intricate structure of earn-outs. Exploring the key aspects valuers must consider from both a legal and financial perspective when using this complex pricing mechanism.
14:35
Break
15:15
AI & the Valuation Profession: Where We Are and What’s Next
AI is beginning to influence the valuation profession but adoption varies widely. This session will offer a clear, practical introduction to AI for valuers, starting with the basics and moving into current real-world applications. Speakers: Chand Chudasama, Partner Corporate Finance at Price Bailey, Edward Hill, Co-Head of the Portfolio Performance team at Alpha and Thomas Rodwell, Managing Director at Rodwell Disputes Advisory.
15:35
Closing comments
16:15
Close
16:20

Our Speakers

Speaker: Edward Hill
Edward Hill Co-Head of the Portfolio Performance team, Alpha

Edward is Co-Head of the Portfolio Performance team at Alpha Alternatives. Ed focuses on strategic advisory for the asset lifecycle of clients across Europe, the Middle East and Africa.

David Smith
David Smith Economist, Sunday Times

David Smith has been economics editor of The Sunday Times since 1989. He is also chief leader-writer, assistant editor and policy adviser. David is the author of several books, including Free Lunch: Easily Digestible Economics; and Something Will Turn Up: Britain’s Economy Past, Present and Future. He is a visiting professor at Cardiff and Nottingham Universities and has won a number of awards.

Headshot of Howard Crowmwell
Howard Cornwall Manager, FCA

Howard manages the Alternatives Supervision Team within the Wholesale Buyside Directorate. He has worked at the FCA for 6+ years, prior to which he worked in the RBS group for 19 years in a number of roles.

Headshot of Joshua Evans
Joshua Evans Senior Market Analyst, FCA

Joshua is a Senior Market Analysis in the Asset Management Sector Team within the Wholesale Buyside Directorate where he led the FCA’s multi-firm review of private market valuation practices. Prior to that, he has worked on other asset management multi-firm reviews and was seconded to analyse funds in the Bank of England’s system-wide exploratory scenario.

Speaker: Thomas Rodwell
Thomas Rodwell Managing Director, Disputes Advisory

Thomas is a forensic accountant and business valuation expert who provides economic and financial advice. He is regularly appointed as an expert to opine on issues of finance and valuation.

Edward Orme
Edward Orme Director, Grant Thornton

Ed is a Director in Grant Thornton’s SPA Advisory team based in London. He specialises in advising both buyers and sellers on equity value price adjustments and the financial and accounting aspects of sale and purchase agreements (SPAs). With expertise in the often complex world of enterprise-to-equity value bridges, locked box and completion account mechanisms, Ed helps clients translate commercial terms into robust, financially sound agreements. He advises private equity, corporate, and private clients across a wide range of sectors, with extensive experience supporting cross-border transactions.

Chand Chudasama
Chand Chudasama Partner, Price Bailey

Chand is a Partner in the Strategic Corporate Finance team. He is based in the City of London and works across the practice. Chand and his team engineer how to grow the value and performance of ambitious corporates, funds and disrupters. They achieve this by raising, re-allocating and deploying capital into M&A, global growth and performance improvement in order to drive the shareholder returns in client businesses. He and his team operate as strategic advisors, analysts and lead advisors on transactions.

Matt Palmer
Matt Palmer Senior Director, Fitch

Matt Palmer is Head of EMEA IG and Crossover Corporate Coverage within the Business and Relationship Management team at Fitch Ratings. Matt and his team act as investment grade market specialists supporting proactive outreach to investment grade corporates on the potential value of a Fitch rating for financing and wider strategic reasons. They also engage directly with investment grade market execution advisors and bankers across rating advisory, DCM origination, Debt syndicate and relationship management and sector banking teams on the potential execution value of ratings.

Andrew Scrutton Bland
Andrew Strickland Consultant

Andrew is a Chartered Accountant with many years’ experience of corporate transactions with specialism as a business valuer. He is also a main contributor to ICAEW’s quarterly newsletter and presents regularly to service users. He indulges in work related to business valuation, litigation support and corporate finance transactions, acting for both buyers and sellers, advising value, on the main terms and on the tax implications of transactions.

Our partner

Logo of Business Valuation Benchmarks an ICAEW partner
Business Valuation Benchmarks

Aims to overcome the inherent problem of the unreliable transaction multiples from databases, and equip financial professionals with reliable transaction multiples and insights.

Learn more

Testimonials

Excellent range of appropriate topics covered once again. The speakers were all clearly expert in their fields and presented very well. The event was well chaired and ran to time, with adequate time for questions.

Previous attendee ICAEW's Valuation Conference 2024

Very informative, great speakers, useful update!

Previous attendee ICAEW's Valuation Conference 2024

An interest and enjoyable event for those involved in contentious and non-contentious valuations.

Previous attendee ICAEW's Valuation Conference 2024

An important and flexible (as delivered virtually) annual event for the valuations community.

Previous attendee ICAEW's Valuation Conference 2024

Join the ICAEW Valuation Community

Expert insights into regulatory and technical changes impacting this increasingly complex field to support you in your work as a valuation practitioner. Membership is open to everyone, including non-ICAEW members.

Find out more