Valuation work: is it worth it? By Rob Lewis

Valuation work is a strange beast. Practitioners, and particularly auditors, might like to think that when they take on a business client their work gives them – and possibly everyone else - a pretty good idea what that company is worth. Specialist valuers think otherwise, and their annual fee incomes, at least, would appear to support their argument.

“Quite a lot of valuation gets done by people outside of the profession such as investment analysts or bankers,” says Mark Bezant, chair of the ICAEW’s valuation group.