An Employee Share Scheme (ESS) is an employee benefit plan that gives workers an ownership interest in the company. ESSs can be created in many shapes and sizes and have become increasingly popular in Australia for privately owned companies to incentivise employees, retain personnel and recruit talent. ESSs mean that when employees go above and […]
READ MOREA little over 12 months ago during the first round of COVID-19, I penned an article discussing the importance of what is ‘known or knowable’ as at the valuation date. At the time, COVID-19 was called a once in a 100-year event, but a year later we are coming out of what for many has […]
READ MOREWhen valuing a business for sale or purchase, owners often believe that the value will be based on a cash-free debt-free multiple of earnings. While this is technically correct from a valuation point of view, the commercial reality of working capital requirements is often overlooked and is the cause of disputes. Working capital is a […]
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