The principle of West Australian Business Brokers, Lee Goldstein, has been involved in Business Valuations since 1985. He holds the following qualifications:
Double Major Degree in Accounting and Finance
Diploma in Forensic Accounting
Graduate Diploma in Valuation
Advanced Certificate of Business
Advanced International Certificate in Intellectual Property.
Lee has conducted numerous intellectual property valuations covering a diverse range of industries, and is often called upon to provide expert testimony in judicial matters. Lee has valued businesses and intellectual property worth over $3.2 billion.
Lee Goldstein has been the Triennial Certificate holder and Licensee of a Business Broking Company since 1992
At West Australian Business Brokers we provide Forensic and Litigation Support and are experienced in presenting expert evidence before court, tribunal and mediation/settlement proceedings. We bring a broad base of business experience and a diverse skill set to examine the financial affairs of the parties and establish the facts.
Our experience in a combination of financial, business, insolvency and court matters over a period of over 30 years allows us to evaluate different circumstances and present our findings in a clear and concise manner for valuations, prosecution cases and litigation support.
Business Valuation is not an exact science. Several valuation methods and guidelines exist for each type of business valuation. Application of these must be tempered by professional judgement and experience. The process quite often involves comparing several different approaches. The valuer then selects the best method, based on knowledge and experience. To be accurate, comprehensive business valuations should take into account all aspects of the company’s business. These aspects will include factors which may be difficult to value and that do not show up on financial statements.
Any single valuation approach may be used. Professional practices, Real Estate Agents, and Medical and Veterinary Practices may utilise a different approach. Family Court Valuations sometimes also necessitate the use of another approach. What is most appropriately used now in valuing is the Income Approach, which generally doesn't distinguish between goodwill value and asset value. Its primary focus is with regard to the return available from the business. One thing is paramount in Business Valuation, and that is that the valuer has the experience and qualifications to provide a valuation that is accepted for both merger and acquisition or litigation purposes.