Business & Assets Valuation

Assets and Business Valuation in Singapore and Overseas, Purchase Price Allocation (IFRS 3), Acquisition and Disposal of Shares (IFRS 3), Impairment Testing (IAS 36), Specialist Fair Value Measurement (IFRS 13). Tax, Litigation, Estate and Matrimonial Disputes.

Business Valuations Services Singapore

Our valuation expertise cover the following areas:

  • Shareholders’ disputes including the drafting of buy/sell agreements
  • Acquisition/disposal of shareholdings or equity stakes
  • Corporate restructuring/Business reorganization
  • Valuation of Interested Person Transactions under SGX rules
  • Purchase Price Allocation services, impairment testing of goodwill for financial reporting purposes
  • Mergers and acquisitions, divestments, Management and leveraged buyouts
  • Valuation under Section 19B, Income Tax Act for intangible assets.
  • Tax disputes with the tax authorities
  • Valuation of deceased’s estate.
  • Litigation support, acting as an expert witness
  • Valuation of matrimonial assets for divorce proceedings;
  • Valuation of startups, emerging technologies like AI, cryptocurrency etc
  • Valuation of complex financial instruments like convertible loans, preference shares and put/call options.
  • Valuation of goodwill arising from business combinations
  • Assessing damages from breach of contract, loss of profits/income
  • Assessing damages from copyright/patent infringement etc.
Company Valuation Services Singapore

We have performed business and asset based company valuation services across diverse industries and jurisdictions. Our clients are listed companies, MNE and SME from the following sectors in Singapore and overseas:

  • Manufacturing
  • Logistics
  • Food and beverages, restaurants and hawkers.
  • FMCG like furniture, consumer products
  • Venture capital, private equity and hedge funds
  • Shipping and offshore oil and gas turnkey projects
  • Entertainment, advertising, media agencies
  • Technology startups
  • Educational institutions like preschools, childcare centres
  • Coal mining
  • Agriculture and fish farming
  • Construction i.e. cable engineering and precision engineering
  • IT and Cloud computing services
  • Professional engineering services
  • Property developers
  • Accommodation and hostel services
  • Retail and distributor of lifestyle products and accessories
  • Licensed Money lending
  • Office cleaning services
  • GP and dental clinics, including specialist clinics
  • Wealth management companies, single/multi-family offices

Acquisition and Disposal of Shares Valuation (IFRS 3 or FRS 103)

IFRS 3 lays down the requirement for the accounting of business combinations and requires the use of fair value estimated that is derived from the Fair Value Measurement Framework for financial reporting. We assist to obtain an indicative price before developing an acquisition strategy. We can also help to perform a company valuation report should you wish to dispose of your businesses.

Fair Value Measurement (IFRS 13 or FRS 113)

Specialist valuation reviews of fair value measurements prepared by management or a third party; we offer a review of fair value measurements prepared by the firm’s valuation team; the review and signing of valuation reports; performing, supervising, mentoring, or managing fair value measurement engagements; and providing consultation and development of thought leadership and staff development on fair value measurement matters.

We provide fair value measurements for companies, intangible assets, certain liabilities, business interests, and inventory for the purpose of financial reporting. Financial statements that are issued for financial reporting purposes include, but are not limited to, financial reports issued by the following: 

  •  Entities that are obligated to submit registration statements or filings to the SEC.
  • Privately held entities that prepare and issue financial statements according to the International Financial Reporting Standards and U.S. GAAP.
  • Any engagement where the individual performs services as a valuation professional.

Purchase Price Allocation (PPA) under IFRS 3 Business Combinations

International Financial reporting standards (IFRS) enforce strict guidelines for the business combinations. Purchase price allocation (PPA) serves to enhance the transparency of the activity processes and identify the true value of the assets.

Purchase price allocation (also known as “Assets and Liabilities Valuation”) is the process of assigning fair value to all major assets and liabilities of an enterprise, either following a merger or an acquisition. Assets included can be either tangible (machinery and equipment, property) or intangible (customer relationships/lists, trademarks, intellectual property, goodwill or other intangibles).

Impairment Testing (IAS 36 or FRS 36 Intangible assets)

We carry out impairment testing for listed and unlisted companies as defined under the accounting standards, which is a requirement to conduct such impairment test for its assets to see whether it has incurred impairment losses. The purpose is to ensure that the assets are not overstated.

Death Estate Valuation, Litigation, Tax & Matrimonial Disputes

If your business is caught in a legal dispute relating to business, commercial and matrimonial/family/divorce proceedings, we can provide valuation of business or shares, trial preparation and expert testimony. We also specialise in disputes relating to their personal or corporate tax matters that require valuation expertise, as well as providing litigation support as expert witnesses in Court proceedings.

Damage assessment due to personal injury or economic losses

When an individual sustains a physical injury due to the action or inaction of another person (often related to a motor vehicle), the individual may seek compensation. We can assist with the quantification of the damages. We also assist in valuing losses arising from contracts used in the construction industry, the types of losses that may arise if those contracts are breached (i.e., the types of claims which may arise), and the documents required for supporting a claim for damages.

Expert Witness Service

We provide our services by acting as expert witness and furnishing expert reports for submission to the Courts for purposes of business valuation arising from shareholders litigation or matrimonial disputes. Also, we assist to resolve disputes during mediation and arbitration proceedings based on expert evidence to assist in forensic investigation into commercial fraud and financial irregularities.

Preparing to buy or sell
your business

Protect your assets during
a divorce

Value your business for
retirement

Our achievements include:-

Best Business Valuation Firm 2022 at APAC Insider Singapore Business Awards

The award was presented to Max Lewis Consultants by APAC Insider, a regional publication that focuses solely on businesses in the Asia Pacific region. It honours the most creative, committed, and results-oriented individuals and companies from a region that produces more than one-third of the world’s largest corporations.

The Singapore Business Awards is one of the awards that APAC Insider hosts, which aims to recognise and promote businesses and individuals that are working relentlessly to boost the economy and help it flourish. Regardless of the size of the company, all candidates for the award were purely judged on their merit by an internal research team. The research team made its final decision based on a variety of factors, including corporate success, longevity, diversity, growth (sustainable or quick), key inventions, stakeholder input, and so on. This year, the winners of the award come from a range of sectors including interior design, finance, cybersecurity, and many more.

Asset Based Valuation

Business Valuation Services

  • Independent fair valuation for a listed healthcare firm.
  • Independent fair valuation of a wealth management firm.
  • Independent fair valuation for a licensed moneylender.
  • Independent fair valuation for office cleaning business.
  • Independent fair valuation for a pre-school franchisee.
  • Independent fair valuation for a French cuisine restaurant.
  • Independent fair valuation for a cloud computing firm.
  • Independent fair valuation for a  Halal food delivery startup.
  • Independent fair valuation for a Frozen food distributor.
  • Independent fair valuation following the IPEV Guidelines.
  • Independent fair valuation of hotel startup using containers. 
  • Independent fair valuation of maid agency firm.

  • Independent fair valuation of an enrichment tuition centre.

  • Independent fair valuation of local edible oil distributor.

  • Independent fair valuation of a licensed plumbing contractor.

  • Independent fair valuation of a food caterer business.

  • Independent fair valuation of a robotics automation business.

  • Independent fair valuation of a manufacturer of wood furniture.

  • Independent fair valuation of a rehabilitation physiotherapy business.

  • Independent fair valuation of a wholesale wine and spirits business.

  • Independent fair valuation of a few Fintech application businesses.

  • Independent fair valuation of a solar renewable start-up business.

  • Independent fair valuation of a medical diagnostics device player.

  • Independent fair valuation of a soon-to-be listed SPAC in e-commerce.

  • Independent fair valuation of non-ferrous metal trading company.

  • Independent fair valuation of a property developer firm

 

Estate Valuation Services

Valuation of deceased’s estate that owned a business running Bizsafe courses. 

Assets Valuation Services

  • Valuation of assets for a US immunotherapy MNC.
  • Valuation of waste bin containers for a local SME.
  • Valuation of a fleet of shipping vessels for a bunker group.
  • Valuation of kitchen equipment and accessories, furnitures and fixtures, antique paintings, luxury watches, used laptops under a writ of seizure.
  • Valuation of items belonging to a KTV lounge.
  • Valuation of an Oil field and Gas field machineries and equipment.
  • Valuation of an overseas Oil Rig platform.
  • Valuation of a trading company selling medical devices

Acquisition Valuation Services

  • Acquisition target is in orchid farming activities.
  • Acquisition target in bookkeeping and secretarial services.
  • Acquisition target providing financial advisory services

Matrimonial Assets Valuation Services

  • Valuation of a hawker business selling Malay cuisine.
  • Valuation of a cloud and IT services company.
  • Valuation of a SME offering transport services.

Shareholders’ Dispute and/or Management Buy-outs

  • Valuation of a large local advertising agency.
  • Valuation of a medical neurology clinic.
  • Valuation of a semi-conductor startup.

Purchase Price Allocation Services

Performed purchase price allocation in relation to a pre-IPO aspirant’s acquisition of an energy solutions company offering automated metering systems in factories, high rise office buildings, shopping malls, hotels and in school institutions etc. Their metering systems are used at these sites for energy management and power quality monitoring.

Goodwill Valuation Singapore

We have a team of highly qualified in-house experts:

  • Chartered Valuer & Appraiser, Institute of Valuers and Appraisers, Singapore;
  • International Certified Valuation Specialist, IACVA;
  • Chartered Business Valuer, Canadian Institute of Chartered Business Valuators;
  • Certified Valuation Analyst, National Association of Certified Valuators and Analysts;
  • Certified Business Valuer and Registered Business Valuer, Australian Valuers Institute;
  • Member, American Society of Appraisers;
  • Asia Pacific Institute of Experts;
  • Completed the Certified Patent Valuation Analyst course.

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ADDRESS

1 Scotts Road, #24-10, Shaw Centre
Singapore 228208

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