Financial Services Overview

Our representatives are qualified accountants and qualified marketers

Intangible Business assists companies and auditors in the execution of independent intangible asset valuations for acquisitions, as required internationally under International Financial Reporting Standards (IFRS) or US Generally Accepted Accounting Principles (US GAAP). In particular IFRS 3 or ASC 805/350 (formerly SFAS 141/142). Intangible Business is also experienced in complying with other regulations such as firewall requirements of competition authorities. Intangible Business also carries out valuation and accounting projects for international tax authorities and for the legal environment.

Testimonial

Stephen A Forsyth

Chairman, Medicsight Inc

“Medicsight Inc asked Intangible Business to give an opinion on the value of 15,000,000 Medicsight plc shares issued to Medicsight Inc in November 2001 and applied in settling an outstanding purchase consideration due to Nightingale Technologies Limited. This was a sensitive and contentious issue for us, as this (and related issues) would need to be reported in Medicsight’s annual report (form 10K) with the SEC.
Intangible Business prepared a well analysed and researched report valuing these shares which Medicsight considered appropriate to adopt in its annual report. This resulted in a revised value some US$115 million different from before. The SEC filing included the report from Intangible Business and can be found on the SEC web site, as part of form 10K filed in April 2004. Their work was self evidently effective and their approach was efficient, thorough, quick, and commercial, and they worked well as a team with Medicsight representatives. We have no hesitation in recommending Intangible Business for share, business and intangible valuation advice significant to the financial markets.”

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Nadine Heidrich, Vice President and Corporate Controller

Fortune Brands

“We issued an RFP to Intangible Business as well as two other internationally recognized valuation firms, including a Big 4 firm. The Intangible Business team quickly understood our goals and the challenging technical and practical issues we faced in completing extensive worldwide valuation work for a multi-billion dollar acquisition in a compressed time frame. Intangible Business was able to develop a proposal that reflected in-depth knowledge of valuation requirements for the various assets being acquired. Despite being a smaller firm, Intangible Business grasped complex technical accounting concepts and associated treatment required by the structure of the transaction and worked effectively with our external auditors to ensure agreement during the entire process. Their experience was evident both in content and presentation of the deliverables, engagement challenges were addressed quickly, and they did not lose sight of the bottom line. We are pleased with the outcome of this engagement.”

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Paul Gothard

Chief Financial Officer, Flex Fuels Energy, Inc

“Intangible Business adopted a thorough and commercial approach to valuing the intangible assets and goodwill related to the acquisition of a UK biodeisel startup at two dates, in accordance to US GAAP and SEC requirements. Their robust approach contributed to a successful filing and provided useful insights to help us develop the business. They were responsive, clear and quickly understood the complex commercial environment.”

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Nigel Addison Smith

Chief Financial Officer ebookers plc

“Intangible Business delivered brand valuations for ‘Travelbag’ and ‘Bridge The World’ which was based on commercial reality and in context with the financial capabilities of the business. The brand valuation project influenced many key areas of the business including finance, marketing and operations. The project was undertaken by experienced professionals who quickly and effectively delivered a robust brand valuation that could be applied to the filed accounts of the company and could be signed off by management and auditors.”

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Ms Marika Monaghan

Instructing Solicitor

“Our client, Mr Harman, is pleased that this significant and complex claim has been successfully brought to trial. We worked closely with an able team at Intangible Business, who made a significant contribution to the quantification of lost profits. Thayne Forbes’ methodology was largely accepted and used by the trial judge.”

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Tax Partner

Top 20 Accountancy Firm

“Intangible Business responded quickly to our need for a valuation of the intellectual property held within our client’s company and quickly understood the complicated issues involved. Their work was carried out in a professional manner, on time and on budget. The valuation processes were fully explained and presented in a manner suitable for presentation to HM Revenue and Customs. I would have no hesitation in recommending or using their services again.”

Mark Holloway

Commercial Director – Allied Domecq

“Intangible Business valued the entire portfolio of Allied Domecq Plc’s global spirits and wine brands for the purpose of its New York stock exchange listing. Allied Domecq successfully achieved the dual-listing in August 2002, with its first filing accepted by the SEC. As part of the process, Intangible Business also integrated a brand value tracking system for us to conduct ongoing impairment reviews and portfolio management.”

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