A business may suffer a loss of profits through breach of contract or tort (e.g. negligent installation or maintenance of machinery) or other events such as floods for which adequate compensation cannot be recovered from insurers.
In estimating quantum in loss of profits claims and in carrying out a review of such claims, we look behind the financial statements and examine the claimant’s business situation before, during and after the period of the loss. Our training in the analysis of business situations and the extraction of information from accounting records places us in a primary position to provide valuable assistance to clients. As in many other aspects of forensic accounting work, we can investigate the circumstances of the loss, analyse the effect on quantum and advise on the strengths and weaknesses of different aspects of the claim. Our expert witness work is undertaken both on behalf of claimants and defendants and as Single Joint Experts.
Further topics on Commercial Disputes
- Business valuations in shareholder or partnership disputes
- Other financial aspects of shareholder and partnership disputes
- The loss of income and other benefits in employment disputes
- Liability and quantum in respect of professional negligence
- Financial information in relation to security for costs applications