astonav.com

ABOUT US
As Licensed Asset Valuers and Antique Appraisers, with many years experience in asset valuation for both blue chip companies and private clients, we offer a service that is efficient, cost effective and of course discreet. Our valuation expertise encompasses all sorts of assets. Among the many unusual assets we have been instructed to value was the track and rolling stock of a private railway in Sussex! We frequently work on behalf of Official Receivers and Legal Counsel – including between parties where instructed by the Courts as mediator, who require the best outcome for the onward sale of a business. We are providers of such specialist information in addition to the more usual client needs, including the acquisition and onward sale of business assets.
We are equally at home operating on behalf of a private client, whose needs we appreciate may be very different to those of a large PLC or Multinational Group. We offer a nationwide service, and have when required. worked in Europe on behalf of client. We operate in three key areas:

INVENTORY
To define and record company assets
An inventory is a list of the assets of a business and is used to enumerate those assets that don’t form part of the freehold element of that business. Such assets are often referred to as chattels or fixtures and fittings. Individual client needs dictate the scope of an inventory but essentially any asset that is within the business premises and is wholly owned by the business can be considered for inclusion in a trade inventory. An inventory is an essential document prior to the preparation of a VALUATION of non freehold assets.

VALUATION

To apportion company assets a GLOBAL (single) monetary value

A valuation affords a single (global) monetary value to a pre-prepared INVENTORY. It is normally provided on one of three bases, and is dependent on the current trading status of a business. There are THREE principal areas of vauation in which we operate. These are as follows:

AUCTION VALUATION

An auction valuation figure is the lowest value that can be expected to be obtained from the disposal of the contents of an inventory, where a business is not trading profitably, is unlikely or does not enjoy security of tenure and where the inventory contents are to be sold at public auction without reserve. (A reserve is the minimum value set by an auctioneer below which the goods won’t be sold.)

WILLING BUYER WILLING SELLER

A valuation compiled on the basis of a willing buyer/willing seller, is used where a business is trading profitably, and is likely to enjoy continued security of tenure for the foreseeable future. As such it is the valuation figure most likely to be used during the normal course of sale or acquisition of a business.

INSURANCE VALUATION

Used to ascribe a valuation figure where goods are to be replaced at current market cost, in case of loss or theft.

As such the insurance valuation is usually the highest figure where an inventory is to be valued.

ASSET REGISTER

To afford maximum asset detail and financial control

The asset register is similar to an asset valuation in that it affords financial information, but with greater detail and hence financial control. In the case of assets that are frequently moved, we are able to asset tag items for future identification. Specific services are tailored to specific client needs, please enquire for further details.

If you wish to speak with us regarding asset inventory, valuation or asset register, please call our principal Ken Aston on his personal phone. The number is 07916 325098.

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