Shareholders
Reference material for shareholders, founders and advisors dealing with internal share transfers, exits and disputes - including how minority and marketability discounts are applied in practice.
- Intermediate
Minority Discount UK: Typical Ranges by Shareholding Size
The discount for lack of control applied to minority shareholdings in UK private companies - typical ranges, how it interacts with DLOM, and how HMRC reviews it.
- Intermediate
DLOM Explained: Marketability Discounts on UK Unquoted Shares
The discount for lack of marketability applied to unquoted UK shares - typical ranges, how it differs from the minority discount, and how HMRC reviews it.
- Advanced
Divorce and Business Valuation: The UK Guide
How UK family courts value private companies on divorce - fair value vs market value, the Single Joint Expert, liquidity, pre-marital value and the five mistakes that cost most.
- Advanced
Unfair Prejudice (Section 994): How the Buy-Out Price Is Set
How UK courts value a minority shareholding on a section 994 petition - valuation date, quasi-partnership and discounts, conduct add-backs, and the O'Neill v Phillips offer that ends most cases.
- Intermediate
Control Premium: What a Controlling Stake in a UK Company is Worth
The uplift a controlling shareholding carries over its pro-rata share of equity - the UK voting thresholds that drive it, how it mirrors the minority discount, and when it is already inside the number.
- Intermediate
Fair Value vs Market Value: Valuing Shares Under a Shareholders' Agreement
Why the wording of a leaver or pre-emption clause decides the price - fair value, market value and fair market value compared, with leaver tiers, drafting traps and a worked example.
- Intermediate
Shareholder Disputes in UK Companies: The Role of an Independent Valuation
Why most shareholder conflicts end as a buy-out, how the legal route sets the valuation basis, and how a single joint expert or expert determination helps settle the price.
Discuss your shareholders valuation
Fixed-fee, independent reports - prepared to hold up under review.
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