Business asset

The client’s only significant asset was a business which employed over 20 people. The business was struggling but notwithstanding the reality of the situation the otherside believed that the business was far more successful than it appeared from the accounts. The otherside had subjected the client to numerous requests for information relating to the business but did not seek a professional valuation. The client had been dealing with matters himself due to lack of means. He instructed direct access Counsel for the final hearing. A contested final hearing took place and the District Judge accepted the client’s evidence. A division of assets was made on the basis of the client’s evidence and the otherside’s evidence was rejected .

The work involved representing the client at the final hearing – £3000 + VAT.