services

Valuations are resorted to for the purposes of corporate or regulatory reasons, or because management wants to make appropriate decisions. It’s useful in resolving shareholder or joint venture dispute, planning an acquisition or seeking to reduce the gap between intrinsic and market value. We are experience in a wide range of industries and familiar with local regulatory specifics and market conditions. As a leading practice in Nigeria we have vast experience and are certified members of various national and international bodies.

We offer:

External Financing – Mortgages

When a loan is contemplated or is in the process of being granted, the lending institution will usually ask for collateral for the loan being sought. This is where we come in to determine the value of the borrower’s collateral to enable the borrower to take advantage of the full value of his or her asset. 

Insurance

For Insurance, our expert valuers provide prompt and accurate valuations of property and business assets for insurance purposes.

It is crucial for businesses to be mindful of the potentially damaging impact that out of date valuations or undervalued assets can have when facing an insurance claim. The task of maintaining accurate valuations can feel daunting and often something that can be put off for ‘another day’ but too often that day never comes and businesses are hit with significant losses as claim pay-outs are vastly out of sync with true values.

Asset valuations are project managed by our expert insurance valuers from start to finish to give you the peace of mind that all aspects are taken care of and your insurer is in possession of up to date, robust and accurate valuation reports that will stand up to scrutiny in the event of a claim.We provide insurance assessments using the following three methods:

• Reinstatement
  This is the cost to repair, reconstruct or renew assets to a condition equal to but not better than when new
• Indemnity
  This is the sum assured for items equivalent to the cost of replacing the items with identical or substantially similar equipment in a condition comparable to the existing asset
• Market Value
  This is the recoverable value where assets are surplus or no longer used

Balance Sheet / Annual Accounts.

More often than not, most organisations do not know the exact worth of their assets.  All they rely on is “historic” cost of acquisition of the assets, depreciated along the line over the years. This is, in spite of the fact that in the mind of the Board of Directors and Management, they are fully aware that the value is substantially higher or lower than what it is on their books.

The big question then arises: How Much Value Should We Write into The Balance Sheet as An Asset?

Once the professional valuation of the asset is done, it will put the Board in the right perspective and allow them to take note of the assets that have appreciated and also determine those assets that are depreciating and consequently take steps to underpin such values so that those that are wasting or not utilising their site may be disposed or profitably dealt with. 

Mergers, Acquisitions and Preparation of Companies Prospectus.

It may become necessary for two or more companies to merge to expand their production base or integrate vertically to achieve higher returns.

To ascertain the contribution of each company, a professional valuation of the assets of the Companies involved will be necessary.

In addition to this, when a Company is offering shares for sale or raising debenture stocks, the valuation of the assets may be necessary to assist in appropriate pricing of the stocks and shares.

Valuations for Compensation Purposes

In undertaking valuations for compensation purposes, we determine the value of all land and buildings on the acquired site and also enumerate the cash crops and trees of economic value.

The International Financial Reporting Standards (IFRS)

The International Financial Reporting Standards (IFRS) are principles-based standards, interpretations adopted by the International Accounting Standards Board (IASB) for the reporting and presentation of organisations that are publicly quoted and have to report to regulatory authorities.

According to the IFRS, a financial statement should reflect a true and fair view of the business affairs of the organisation, as these statements are used by investors, regulators, etc., to understand and appraise the financial health of the organisation within a specific time frame.

Our reports comply with IFRC and RICS and NIESV standard.

Our experts can advise you on the most suitable valuation method to fit with your requirements.

Our team will give your investment the attention it requires. By doing the necessary maintenance and keeping the property up to scratch. Thus, it will not only increase the value but also keeps the tenants happy. When tenants are happy, they pay their rent on time and also look after your investment.
As your facilities/property managers or management company our major areas of responsibility includes:

Administration & Risk Management

We partner with the property owner’s to maximizing the returns on investment of their properties through the efficient performance of these functional areas of responsibility.

Our company acts in the best interests of the owner to maintain the property, keep it occupied with tenants, collect rents, budget improvements and maintain records.

Marketing and Financial

Property management involves an understanding of operating expenses and budgeting. From this information, appropriate rental rates are set, balanced by the current market indexes. Our firm’s knowledge in this area and competitive rental properties is second to none.

We recommend marketing programs, special promotions and other advertising strategies to our clients in order to maximize occupancy and rental rates. Regular financial reporting to our owners. We also have the good understanding of financial statements, profit, and loss, income taxes, and budgeting.

Tenant and Occupancy

As property managers, we seek and acquire Tenants for vacant properties; negotiating and collecting due rents and ensuring that Tenants comply with the covenants contained in their lease agreements.
We also attend to Tenant’s complaints (repairs, maintenance and other issues), and we carry out other functions that ensure the maximisation of investor’s returns within legal and ethical boundaries.

Understanding the needs of the tenants is important for this function. Getting them to move in is only the beginning. We promptly respond to their requests, monitor their activities as regards the lease requirements, collect rent in a timely manner, and continually assess the tenants’ satisfaction as regards the property’s amenities versus those of competing for rental properties in the area.
The unwelcome task of eviction for violations or non-payment is also part of this function.