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Valuation of accountancy businesses

This shareholder dispute case related to accountancy businesses in South Devon.

As is the nature of human frailty, the bitter gall between the two main shareholders became ever more acidic as they had been in both a personal as well as a business partnership.

It is a matter of concern for us all that the Judge stated the following in respect of a Chartered Accountant involved in this case: “I am not prepared to accept his word unless it is supported by a document.” The Judge also stated that this person had a highly manipulative side to his character.