Understand the Common Errors of Valuation
Professor Pablo Fernandez, IESE
HMRC will present the structure of SAV for more effective working
SAV & Accountants
Learn valuation anomalies and the cost of capital
Professor Ian Cooper
- Chairman’s introduction
- Valuation, Common Sense and Common Errors
- Refreshment break
- Valuation anomalies and valuations
- 5 minute break between sessions
- The impact of company size on valuation
- Cost of Capital for Family Companies
- 5 minute gap between sessions
- SAV and Accountants – More Effective Working
- Economic Update
- 5 minute gap between sessions
- Panel session
- Chair's closing remarks
- Close of event
Pablo Fernández is professor in the Department of Financial Management of IESE. In addition, he carries out extensive consultancy work for numerous firms and banks. Prof. Fernández was awarded his Ph.D. in Business Economics (Finance) from Harvard University. He also holds an M.B.A. from IESE and a degree in industrial engineering from the University of Navarra in San Sebastian.
Andrew is a consultant to the Scrutton Bland partnership and was for many years a corporate partner based in their Colchester office. He a member of the valuation committee of the ICAEW and is on the board of the International Institute of Business Valuers. Andrew has been involved in a large number of corporate finance transactions, and is accustomed to providing close support to clients through the sale of their businesses.
Luke Morris joined Scrutton Bland in 2017 to head the firm’s Corporate Finance team: overseeing its activity assisting entrepreneurs to buy, sell, refinance, reorganise and value their businesses. He studied at Cambridge University, and went on to qualify with PwC, spending six years with them before relocating to the Middle East and then Canada with EY.
Sandra is a Director in Grant Thornton's Forensic & Investigation Services UK practice, where she co-leads the Contentious Valuation team. She has over 19 years of valuation experience. She is also the co-Founder, co-Author and Editor of UK M&A Yearbook BVB Insights: Data and analysis on UK private company multiples. Sandra has substantial experience in commercial valuation and large and complex international expert witness engagements/litigation support. She has produced hundreds of expert witness reports for contentious valuation assignments in London, New York, and Australia, and for many overseas jurisdictions including BVI and Sub-Saharan Africa. Sandra is the Senior Vice President of the American Society of Appraisers (UK Chapter).
Ian Cooper is Professor of Finance at London Business School, where he has been on the faculty since 1978. He has also taught at the University of Chicago. Ian has published research on valuation in all the top academic finance journals, as well as many practitioner articles and consulting reports. He has acted as a consultant around the world for 40 years, and given expert evidence to multiple International Tribunals and High Courts as an expert on valuation and the cost of capital.
Frances Haque is the Chief Economist for Santander UK responsible for the economic analysis and macroeconomic forecasts used by the retail bank. Her team are responsible for developing: the analysis of economic risk scenarios to support the Prudential Regulatory Authority stress test and IFRS 9 processes; analysis for planning and strategic purposes; supporting the external customer work of the bank including speaking at a variety of events; and writing for external publications. Prior to joining she worked for a variety of different institutions as a senior economist including, EY, BT, BBC, Ofcom and OFT. She also specialises in Competition and Regulatory economics and has appeared on BBC News, Sky News and Radio programmes including the Today and Wake up to Money programmes, providing commentary on published economic data and analysis.
Doug Lawson co-founded MarktoMarket in 2017. MarktoMarket is the leading provider of data on UK private companies. Prior to MarktoMarket he spent his career in fund management after qualifying as a Chartered Accountant with EY and working in corporate finance. A significant part of his role involved considering the valuation drivers behind both private and public company valuations. He co-founded Amati Global Investors, a smaller company specialist fund manager with over £1 billion of assets under management, partially exiting when a 49% stake was acquired by Mattioli Woods plc in 2017.
Steve entered Inland Revenue in 1985, he spent seven years in HM Inspector of Taxes before Shares and Assets Valuation. Steve has led many of the office’s specialist areas and worked in Shares and Assets Valuation’s Intellectual Property Team. He now heads the office’s Litigation Team and has acted as expert witness on valuation issues.
I thought that the conference was excellent. Very interesting and beneficial. I particularly enjoyed the session on Expert Witness work, and also, valuing businesses in divorce cases.
Interesting conference with some excellent speakers!
As always this was a well run and informative event. I particularly enjoyed the keynote speaker's enthusiastic and honest presentation.
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