Banking and Finance
Banking and Finance Valuations
Our valuers have a vast range of expertise including high value, sophisticated assets as you will see from the attached Capability Statement. We are also expert in unique assets having completed valuations of such diverse assets as a Russian submarine, in situ Aboriginal rock drawings, the world’s largest and only one of its type mobile wharf crane, a handmade Venetian glass Chandelier and abandoned mining equipment in the Central African Republic.
rhas acts for 75% of Australia’s top 100 companies, you may not know the name however you will know their work. A firm spanning 3 continents and 12 countries
A staggering 80% of businesses have inaccurate or out of date valuations resulting in higher premiums, increased liability and failure in corporate governance
Cost increases of up to 103% have companies struggling to keep their insurance cover in line…
Why do I need my business asset values kept current over time?
For reasons of:
1. Insurance
2. Tax compliance
3. Financial Reporting Requirements
4. Asset disposal
5. Asset finance needs
Can you afford not to?
Most Australian businesses rely on outdated asset values leaving them exposed to increased liabilities or higher than necessary costs and associated premiums overtime…
Auditors are increasingly querying the carrying value of assets and rhas has been involved in a number of cases recently where clients have required urgent valuations at the instigation of their auditors.
Valuations are often inaccurate and methodologies questionable when engaging unqualified or less experienced firms leaving your business exposed to unnecessary risk…
Did you know...
rhas has particular expertise in the cost effective valuation of multi-location businesses. In the last 36 months we have valued the assets of such companies as Boral (300 locations comprising quarries and concrete plants), OPSM (400 stores), Fonezone (120 stores), Rinker (300 locations comprising quarries and concrete plants), Australian Discount Retail Trading (200 stores), all private bus companies in NSW except for some extreme remote locations representing thousands of buses, etc.