At Prime we have a dedicated team of specialists providing the full range of forensic accounting and litigation support services, including expert witness, expert determination and mediation.
Our team provides expertise in the following areas;
We can act in an advisory capacity, providing an independent view of the merits of the financial aspects of the dispute, thus allowing parties to achieve an informed outcome.
We can also act as experts and provide our independent opinion for use in formal legal proceedings and tribunals. We are regularly appointed as party expert, for claimant or defendant and as a single joint expert. Our team have extensive experience of giving evidence in court.
We are also experienced in Alternative Dispute Resolution, acting as expert determiners in contractual disputes and as mediator in commercial and personal disputes.
Our forensic accountants have extensive experience of advising on the financial aspects of divorce and children's act matters. We can provide company valuation evidence on the family business, opinion on the ability to extract funds from the business, the income that can be earned from the family business and the capital gains tax implications of a sale or transfer of interests. Our matrimonial reports are prepared by independent forensic accountants who are experienced expert witnesses. Our team have experience of giving evidence at court in support of our findings.
Partner and shareholder disputes
The input of an experienced forensic accountant at an early stage can help to focus the financial aspects, and help the parties resolve issues before any lasting damage is done to the business.
Our team of forensic accountants regularly deal with share valuation, quasi-partnerships, fair value quantification and minority discount arguments within wider partner and shareholder disputes.
Our forensic team have a wealth of experience in share valuation and business valuation across a wide variety of industry sectors, in different structures and of varying size and complexity. Our valuation work can be carried out as part of contentious dispute resolution matters for example shareholder disputes, or in non-contentious scenarios such as valuations for keyman insurance. We also undertake share valuation work in respect of the restructuring of businesses, shareholder incentive schemes, probate matters, and other areas where share values may need to be agreed with HMRC.
Our team have a wide range of experience of advising on contract disputes and can bring this experience to bear when advising on matters. Often disputes arise following breach of contract and the contract itself will guide the parties on the appropriate method of dispute resolution. This may include expert determination, arbitration or mediation.
Personal injury and fatal accident
Our forensic accountants have been appointed to quantify the loss of earnings incurred as a result of personal injury and fatal accident cases, across a wide variety of industries. Our experts can advise on the schedule of loss and any counter schedule, and provide expert witness reports quantifying loss of earnings if required. We have the experience of acting for the claimant, defendant and as single joint expert in such matters.
Our forensic accounting team are experienced in undertaking methodical and detailed forensic analysis and forensic investigation. Our forensic investigators are able to quantify losses and provide loss of profit reports in clear and concise terms, for internal and external use or in formal legal proceedings. Our forensic investigators are therefore ideally suited to investigations involving business interruption, diversion of trade, fraud investigation and other ad hoc financial investigation.
Our team of forensic accountants and expert witnesses have experience of advising on the liability and quantum aspects of professional negligence claims. We can provide expert opinion on the negligence of accountants and auditors and the quantum arsing from any negligence causing loss of profits for the business or individual. Our experts have advised on auditors liability in respect of statutory audits under the Companies Acts and have advised on auditors negligence in respect of breaches of the Solicitors Accounts Rules.
Prime has extensive experience of defending clients against HMRC during tax enquiries. Anyone could be subject to an HMRC tax enquiry and as a firm we have a proven track record with HMRC resulting in few enquiries been made against our clients.
HMRC’s taskforces alternate their focus on specific industries or sector groups in an attempt to recover unpaid tax which means all businesses should be aware that they may be investigated.
Prime has the expertise and experience to represent all clients finding themselves the subject of an enquiry.