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Read our latest Financial Settlements guide (2021)

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Company Valuation

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rrobby12
Posted by
Junior Member

20 Sep 23 #521792 by rrobby12

Topic started by rrobby12

Hi,

to date in our divorce we have not valued my wifes companies, she says they are worth nothing, but has just submitted her micro accounts which I have copied below - to me this reads that there are about 130k of assets in the company, am I reading it wrong? She is a 100% shareholder and director.

hadenoughnow
Moderator

20 Sep 23 #521793 by hadenoughnow

Reply from hadenoughnow

AFAIK if the figure is in brackets it is a minus number. So it would appear there's a socking deficit - although presumably the company will continue to earn income so can afford to pay creditors.
I would be interested to know who the creditors are. It may be that she's taking more out of the business.

Hadenoughnow

Rickoshea
Platinum Member

20 Sep 23 #521794 by Rickoshea

Reply from Rickoshea

Yes it's a negative number but it's interesting that from only £10k liabilities she has racked up £120k extra in the space of a year so it may be worth looking at the entire accounts to see if anything is being massaged if you are currently trying to agree a settlement

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