Plant, Machinery and Equipment Valuation Our Certified Valuation Surveyors And Property Valuers Provide Property Valuation For A Wide Range Of Purposes
Plant and machinery are usually representing the largest investments portion, and represent a critical element for revenue generation and, the cornerstone of businesses operation
Accurate asset valuations of a company, incorporating both the building and its contents, are vital to a healthy business and economy; without them, companies become exposed to risk and an uncertain climate.
Western Valuers Consultancy has successfully completed asset valuation projects encompassing a diverse range of tangible asset classes across plant and machinery, specialist property and infrastructure assets for private, public and government clients.
Our advice based on an extensive database of transactional evidence and market knowledge to provide valuations for a variety of purposes, including:
- Valuations for Lending Security
- Insurance
- Fair Valuation for IFRS (International Financial Reporting Standards)
- Audit / Accounting compliance
- Due diligence and asset verification
- Merger & Acquisition
- Strategic Sale or Disinvestment
- Revaluation for Accounting Purposes
Our Expertise
Plant and machinery are usually representing the largest investments portion for revenue generation is the cornerstone of businesses operation. They can be classified as Fixed business Assets which include all assets or devices used in all industry sectors either for manufacturing/production, the supply of goods/services, for lease to a third party or for administrative purposes and that are expected to be used for more than a year.
As year-end reporting is a mandatory requirement for companies. We provide valuation reports in line with International Financial Reporting Standards (IFRS) adopting the “Fair Value” basis of value and IVS (International Valuation Standards). Western Valuers Consultancy undertakes valuations for financial reporting purposes on plant and equipment assets. Our valuation team has the technical knowledge and skills to provide expert advice. Working with clients on a tailored basis, we complete valuations to assist with financial reporting or purchase price allocation.
All valuations are undertaken and conform with the Guidance Notes laid down by the Royal Institution of Chartered Surveyors. Our membership in the Royal Institution of Chartered Surveyors assures a high standard of valuation and strict adherence to the code of ethics and reporting.
Equipment financiers need a valuation on plant and machinery assets to determine the collateral value which justifies the loan amount. Plant and machinery being financed through equipment finance include heavy machinery, construction, manufacturing, transportation, IT and office equipment. When seeking funding to improve cash flow or to seek funds for investment or acquisition, companies will seek a valuation of their assets to support their application for a lending proposal. Banks & financial institutions must ensure that the value of the offered collateral securities provides adequate coverage of the loans being disbursed to the borrowers. At the same time, the borrower would require that offered collateral securities are not undervalued to leverage their assets appropriately.
All Market Value reports are prepared in accordance with “RICS Valuation Professional Standards (Global Edition) Incorporating the IVSC International Valuations Standards.
Western Valuers Consultancy undertakes valuations for insurance purposes as its core service. We provide insurance valuations for buildings, plant, equipment and general contents assets across all sectors. We provide valuation advice relating to business assets and plant and equipment comprising an estimate of the sum to be insured for reinstatement purposes.
It is paramount to ensure that business assets are adequately insured to prevent a reduced payment relating losses where the clause of average might otherwise be invoked; and also, in order to avoid excess premium being paid in respect of over insured property.
All valuations are carried out by or under the direct supervision of a valuer who is a Registered Valuer under the RICS Valuer Registration Scheme.