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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.

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 cousre of sale 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.The following inventory extract describes the items shown in the picture at the top of this page, and includes a GLOBAL (i.e.) single valuation figure calculated on the basis of a willing buyer/willing seller.

A flame mahogany veneered demi lune chest of three drawers with marquetry inlay, bronze acanthus mounts and ring pull handles. In the French taste, mid Twentieth century

A Bespoke FALCON stainless steel commercial cooking range with eight gas burners over two ovens each oven having a bottom hinged door

A quantity STEELITE blue and white ceramic ware (part of SAV function and thus excluded from this inventory.)

A RICOH photocopier on cabinet stand (property of a third party)

A George III style maroon leather upholstered deep buttoned wing back armchair on a polished timber show frame

The foregoing items are valued at £684:OO. (Six Hundred and Eighty Four Pounds) These items are valued on the basis of a willing buyer/willing seller, and as such the valuation is applicable to no other purpose.
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.

WHY USE ASTON'S FOR ASSET VALUATION?
Aston Asset Valuers are expert in the provision of valuation advice to a wide spectrum of businesses and other organisations throughout the UK. Our remit includes valuation services to UK banks and financial institutions.
Our client base includes some of the most well known companies in the UK with whom we have been associated for many years. We also offer our services to private clients, who recognise that an independently acquired asset or equipment audit from a recognised specialist can pay dividends. Our expert witness service for litigation, tax and accounting purposes is used where parties cannot agree the value of assets, and an independent opinion is required. Accordingly we are respected by financial institutions to give fair, realistic and above all HONEST advice.

We value from either an existing client inventory - providing it is sufficiently detailed, accurate and of recent date,
or more usually we are instructed to compile an inventory, allow it’s perusal by our client and use that inventory as the basis for a valuation. The inventory allows us to agree with client and enumerate precisely which items are to form part of an asset valuation

We have a specialist knowledge and expertise gained over 20 years in valuation practice. Unlike many other asset valuation firms we have an expertise in the valuation of antiques and collectibles

We offer Nationwide coverage in asset recording and valuation. European cover if required

We value using RICS valuation guidelines

We are registered and accredited suppliers to a number of Government Procurement Portals, e-procurement being the preferred and in some cases obligatory method by which authorities tender for goods and services

We have a significant experience in the recording and valuation of business assets and ANTIQUES and FINE ART. Hence we can offer one stop shopping for businesses that have both standard and antique items in their portfolio

Our service is competitive, comprehensive and discreet

Our service is entirely bespoke. We examine each individual item before we ascribe it a value

WHY DOES MY BUSINESS NEED AN ASSET VALUATION?

To afford maximum financial control. An independent asset audit by Astons can demonstrate where finances need
to be channelled in order to ensure best use of available funds, or indeed where financial savings can be made by deferring expenditure

By detailing precisely the assets owned by a company, savings can be made on insurance premiums year on year

To determine relevant financial information about those assets eg remaining useful life, current values, future depreciation etc

The potential nightmare of under insuring can be avoided.
Aston Asset Valuers are recognised by leading insurance companies and other third party service providers as experts in valuation and inventory. Our information is accepted by these providers as an accurate record on which settlements can be based in the event of a claim