- Our company is newly formed and has purchased assets from 2 companies that are going to be wound up.
- 2 directors from those companies are now on our management team and have a small shareholding (there were other shareholders who are no longer involved with new company)
- The purchase price was £1 for each company in exchange for the new owner putting in a cash lump sum in the new company.
- The asset transfer agreements do not list specific assets/liabilities and assign no value to anything so I do not have a very clear picture of an opening balance.
- We will be preparing accounts under FRS 102.
From the limited information I have, I established that there is negative goodwill arising on transfer.
Included in the asset transfer was a customer database of approximately 85k subscribers who we have been able to market to since the transfer.
My question is, can we include the customer list as an asset (thus increasing the amount of negative goodwill arising). If so, how do we put a value on it?
I would love to hear if anyone who has dealt with this situation before.