Accounting valuations
March 2023
Finance for Entrepreneurial Companies: Financing Instruments – Technical Note (Spanish language)
By John Mullins, Robert M Johnson, Steve Pesenti
Brand valuation is the process of estimating the financial value of a brand. The valuation of brands as intangible assets emerged in the 1980s, when brands were first capitalized on post-M&A balance sheets. Brands are also valued for non-reporting purposes...
April 2009
Multi Media Mapping Ltd Case (B)
By John Bates, Cosette Reczek, Sean Phelan
It was early October 2007 as Sean Phelan, founder of Multi Media Mapping Ltd, reviewed the previous 12 months. It had been a year of highs and lows that now set the scene for the most important decision in the company’s 12-year history. At least he now had some options to consider – unlike this ...
April 2009
Multi Media Mapping Ltd Case (A)
By John Bates, Cosette Reczek, Sean Phelan
It was nearly 10 years since Multi Media Mapping Ltd had gone live with the launch of the Multimap.com website and Sean Phelan, founder and majority shareholder, was facing the classic entrepreneur’s dilemma. The company had a successful platform and business model that had made it the market lead...
February 2021
ProMed Ltd
By John Mullins, Robert M Johnson
For Sid Worley, it was decision time. He had spent the last two years courting the management and the family owners of his largest competitor, and finally (and unexpectedly) they had indicated that they would be receptive to “a serious offer” to buy the company. Worley was excited and determined...
February 2021
Valuing Privately Owned Companies: Valuation Techniques – Technical Note
By John Mullins, Robert M Johnson, Steve Pesenti
It is commonly said that the valuation of companies is more of an art than a science. The essence of this statement is that arriving at a valuation is a matter of judgment, balancing the consideration of various factors, rather than the mechanical application of a mathematical formula. This is espec...
February 2021
Finance for Entrepreneurial Companies: Financing Instruments – Technical Note
By John Mullins, Robert M Johnson, Steve Pesenti
Despite today’s growing attention to bootstrapping and the use of customer funding in the financing of new ventures, many new ventures, be they a startup or a plan to grow an existing business, will require some initial injection of capital to finance the fixed assets, working capital, and operati...
January 2013
Endomagnetics
By John Bates, Jeff Skinner, Oliver Rivers
The case explores the methodologies for valuing an early stage, IP based business. Endomagnetics is a university spin-off based on technology from University college London. By the time of the case the business has raised (and largely spent) a seed round and is about to raise ‘Series A’. The new...