Valuations that hold up when someone pushes back.
A valuation that collapses under a buyer's challenge, a tax authority's query or a judge's questions isn't a valuation — it's a number with a wish attached. Nomad Structure prepares independent, fixed-fee valuations of businesses, intellectual property and shareholdings, built to recognised international valuation standards and signed personally by a qualified professional.
Income, market and asset approaches applied to your specific situation. Reports delivered in 10 working days.
"Every report is prepared and signed by a qualified professional. If we can't defend the number across a table from a buyer, a lawyer or a tax inspector, it doesn't leave our desk."
- Business valuations for sale, buy-out, fundraising and succession
- IP valuations for licensing, transfer pricing and IP Box regimes
- Legal & tax reports to independent-expert standard
Three services. One standard: it has to survive scrutiny.
Every engagement ends in a written report you can hand to the other side — a buyer, an investor, a court, a tax authority — and expect it to stand.
Business Valuation
What your company is worth today, and what is driving that number.
- Preparing for sale or exit
- Management buy-outs
- Raising investment
- Succession & family transfer
IP Valuation
Patents, brands, software and know-how valued for deals, licensing and tax.
- Licensing & royalty rates
- Transfer pricing & IP Box regimes
- Purchase price allocation (IFRS 3)
- Fundraising & M&A
Legal & Tax Valuation
Independent reports for situations where the number itself will be challenged.
- Shareholder disputes & buy-outs
- Divorce & matrimonial assets
- Estates, inheritance & gifts
- Tax filings & restructurings
Big-firm methodology. Boutique accountability.
Prepared and signed by a qualified professional
No junior analysts, no templated output. The professional you speak to on the first call is the one who builds the model and signs the report.
International standards, not local rules of thumb
Reports follow internationally recognised valuation standards, so the methodology is recognisable to advisers, auditors and courts in any jurisdiction — not just one country's habits.
Genuinely independent
We don't broker businesses, take success fees or charge a percentage of value. There is no incentive for the number to be anything other than right.
Remote-first, wherever you are
Clients across Europe and beyond. We work directly with your lawyers, accountants and investors, and everything is exchanged through a secure file share.
From first call to signed report in 10 working days.
The cleaner your data on day one, the sharper the report. Here is exactly what happens.
Free 30-minute call
We confirm the purpose of the valuation, the standard it needs to meet and your deadline. You get a fixed fee before anything starts.
Data pack
A short checklist: three to five years of accounts, current management figures, forecasts if you have them, and the shareholder register.
Analysis & modelling
Earnings are normalised, comparable transactions researched and the model built. Where something is unclear we ask rather than assume.
Draft & walkthrough
You receive the draft and we go through it together — the number, the method, the value drivers and every adjustment made.
Signed report
The final report is issued on Nomad Structure letterhead and signed. We'll present it to your advisers or the other side if you want us to.
Judged by the people who had to use the numbers.
"We worked with Nomad Structure on a business valuation for an investor presentation and recommend them without reservation. They delivered exceptional clarity, translating complex financial data into concise and visually effective analysis. Their professionalism, communication and rigour were outstanding, and we would gladly engage their services again."
"We engaged Nomad Structure to assess damages in the context of an international shareholder claim against a multi-billion blue-chip company. They accepted the mandate when others stepped back. Without doubt one of the most capable valuation boutiques we have worked with."
"I picked Nomad Structure as my trusted financial advisor for my company's restructuring and they were the right choice — professional, solution-oriented, fair and fast. Can highly recommend working with them."
"I needed management support and consultation on creating a new company. Nomad Structure provided an excellent service with a comprehensive outlook in all directions. They acted with professionalism, accessibility and patience."
Straight answers.
How much does a valuation cost?
How long does it take?
Will the report be accepted outside my country?
Can I just use an online calculator?
Find out what it's actually worth.
Book a free 30-minute call. You'll leave with a clear sense of the likely value range, what the report will involve, and a fixed fee if you want to go ahead.
Book a Valuation CallBusiness valuations built to be defended, not just delivered.
Fixed-fee valuations of companies and shareholdings for sale, management buy-out, fundraising, succession and family transfer. Prepared to recognised international standards, personally reviewed and signed by a qualified professional.
Earnings multiples, discounted cash flow and asset-based approaches — selected for your business and the purpose of the report, not applied by default.
"Owners usually know their business better than any adviser. What they don't have is a number a stranger will believe. That's the job."
- Exit valuations with maintainable earnings and a value-driver breakdown
- MBO valuations that satisfy sellers, management and lenders
- Fundraising valuations that protect you from unnecessary dilution
- Succession valuations for family transfers and estate planning
What a business valuation actually is
An evidenced opinion of what a company or shareholding is worth at a specific date — with every step from the accounts to the final figure written down, so the reasoning can be tested by whoever reads it. Not a multiple someone mentioned over dinner.
Maintainable earnings
The recurring profit a buyer could realistically expect after stripping out owner salaries above market rate, one-off items and anything non-trading. Most valuations are won or lost here.
Earnings multiple
A market-derived multiplier applied to normalised EBITDA, drawn from current transaction data and adjusted for growth, customer concentration, margin quality and management depth.
Discounted cash flow
The present value of forecast free cash flows at a risk-adjusted rate. The most rigorous method when a credible plan exists, and the natural check on a multiples result.
When you need one
Owners come to us at very different moments. What they share is a need for a figure that doesn't fall apart the first time someone pushes on it.
Planning a sale or exit
Whether you're six months or three years from market, knowing the real number early tells you which levers actually move your multiple.
Management buy-out
Sellers, management and lenders all need an independent value to structure the deal fairly and protect it from later challenge.
Raising investment
Walking into a round without a supported valuation means negotiating blind. A defensible figure limits dilution and anchors the term sheet.
Responding to an offer
An unsolicited offer needs a second opinion before you react. We'll tell you whether it's fair, low, or generous — and why.
Succession & family transfer
Passing shares to the next generation requires a value the family, its advisers and the tax authority can all accept.
Annual value tracking
Some owners re-value each year to measure whether their strategy is actually building value, not just revenue.
Tell us about the business. We'll tell you what to expect.
No automated calculator, no generic range. Describe your situation and you'll get a personal reply — what the valuation will involve and a fixed fee — usually within 48 hours.
- Personal response from a qualified professional
- Fixed fee confirmed before any work starts
- Confidential by default — nothing shared without your sign-off
How we value your business
No two businesses generate value the same way, so no two reports use the same recipe. We pick the primary method — and a second to corroborate it — based on how your business earns and who will read the report.
Earnings-based valuation
The standard for profitable, established companies. We normalise EBITDA to true ongoing earnings, then apply a multiple drawn from current transaction data in your sector and size band.
Discounted cash flow
Values the business on the present worth of its forecast free cash flows. Used where a credible plan exists and almost always alongside a multiples approach to triangulate a range.
Comparable transactions
Benchmarks your company against recent deals and listed peers, adjusted for size, growth and marketability. Essential when the other side will bring their own comparables.
Net asset approach
Values the business on the adjusted market value of its assets less liabilities. The right answer for holding companies, property-heavy businesses and situations where earnings understate value.
First call to signed report in 10 working days
Free discovery call
Thirty minutes on the business, the purpose and the timeline. You'll know exactly what we need from you and the fixed fee before we start.
Data collection
Three to five years of accounts, current management accounts, forecasts if available, and the shareholder register — sent through our secure file share.
Analysis & modelling
Earnings normalised, comparables researched, model built. Specific questions come back to you rather than being replaced with assumptions.
Draft report & walkthrough
A call through the draft: the number, the method, the drivers, every adjustment — so you can explain it yourself if you need to.
Final signed report
Issued on letterhead and signed. Yours to use with buyers, lenders, advisers or authorities. We stay available for follow-up questions afterwards.
Frequently asked
How much does a business valuation cost?
How long does it take?
What information do you need?
My accounts are messy. Can you still value the business?
Will a buyer or investor accept your report?
Do you also sell businesses?
Ready to find out what your business is worth?
Book a free 30-minute call. No obligation, no jargon — just a clear view of the likely range and a fixed fee if you want to proceed.
Book Your Free Valuation CallYour most valuable asset is probably the one nobody has valued.
Most companies that own real intellectual property — patents, software, brands, customer data, know-how — have never had it independently valued. They negotiate deals, set licence fees and structure group companies without knowing what the asset is worth.
Nomad Structure values IP for M&A, licensing, transfer pricing, IP Box regimes, purchase price allocation, fundraising and disputes. Prepared to international and IFRS requirements, signed by a qualified professional.
"Once a business sees its IP valued properly, the conversation changes. It's usually worth more than they assumed — or held in the wrong place."
- Royalty-rate and licensing analyses for arm's-length agreements
- Transfer pricing valuations under OECD guidelines, including IP Box migrations
- Purchase price allocations your auditor will sign off
- Expert reports for infringement and licensing disputes
Six categories of intellectual property
Every IP report is shaped by the asset, the industry and who will read it — a buyer, an investor, an auditor, a tax authority or a court.
Patents
Registered and pending patents across technology, engineering, medical devices and life sciences, in any jurisdiction.
- Relief-from-royalty model
- Remaining useful life analysis
- Multi-jurisdiction coverage
Trademarks & brand
Registered marks, trade names and wider brand equity, valued for acquisition, licensing, spin-off or intra-group transfer.
- Royalty-rate benchmarking
- Price-premium analysis
- Brand extension value
Software & technology
Proprietary platforms, algorithms and databases — especially for SaaS, fintech and tech companies raising or being acquired.
- Replacement cost & DCF
- Obsolescence assessment
- Platform-specific approach
Customer relationships
Contracts, order books and relationship intangibles identified separately under IFRS 3 — critical in B2B and SaaS deals.
- Multi-period excess earnings
- Churn & retention modelling
- Contracted revenue analysis
Trade secrets & know-how
Processes, formulations and methods that give an edge without formal registration. Increasingly central in manufacturing and services deals.
- Cost-to-replicate approach
- Advantage quantification
- Documentation review
In-process R&D
Development projects underway but unfinished at the deal date, separately valued under IFRS 3 for pharma, biotech and tech acquisitions.
- Probability-weighted DCF
- Stage-gated modelling
- IFRS 3 compliance
Six situations where IP valuation is essential
It isn't only an M&A exercise. IP valuation shows up in tax compliance, restructurings, funding rounds and litigation — often at short notice.
Mergers & acquisitions
Buyers need an independent value to negotiate price, structure earn-outs and comply with IFRS 3. Sellers need a defensible figure to stop price-chipping in due diligence.
Licensing & royalty rates
Licensing to a third party or a related company requires an arm's-length rate. A royalty analysis is the evidence both sides rely on if the agreement is ever challenged.
Transfer pricing & IP Box regimes
Moving IP between group companies — including into an IP Box jurisdiction — requires an arm's-length value under OECD guidelines. The valuation is your first line of defence in an enquiry.
Investment & fundraising
Where IP is a material part of the business, investors want its value established independently of revenue projections. It reduces diligence friction and strengthens the raise.
Disputes & litigation
Infringement claims, shareholder disputes and licensing disagreements need expert financial evidence on value and loss for arbitration, mediation or court.
Balance sheet & IFRS reporting
IAS 38 requires acquired intangibles to be recognised and valued separately; IAS 36 requires supportable impairment reviews. Auditors need a valuation they can rely on.
Three approaches, applied to your specific IP
The right method depends on the asset, the data available and the purpose. A defensible report uses a primary method corroborated by a second.
What the IP earns
Relief-from-royalty values the asset as the royalties you avoid paying by owning it. Multi-period excess earnings isolates cash flows attributable to the asset. The most widely accepted route where revenue streams exist.
What comparable IP trades for
Benchmarks against observable licence agreements and transactions between unrelated parties, adjusted for differences in scope, exclusivity and territory.
What it would cost to rebuild
Reproduction or replacement cost of an equivalent asset. Most useful for early-stage technology and know-how where income data is thin, or as a cross-check on the other methods.
An IP valuation is only as strong as the signature on it.
IP valuations get challenged — by buyers in diligence, by tax authorities in transfer-pricing reviews, by opposing counsel in disputes. A report from an unregulated adviser or an automated tool doesn't survive that.
Our valuers are members of recognised international professional bodies, bound by a code of ethics, continuing professional development requirements and professional indemnity cover. Our reports follow internationally recognised valuation standards. That's the standard auditors, investors and courts expect.
- Regulated professional — cannot produce inflated or unsupportable figures
- Every report documents method, assumptions, sources and sensitivities
- Fixed fee, no percentage of value, no scope creep
IP valuation, plainly
What is an IP valuation?
Which method will you use?
Can the report support a transfer-pricing or IP Box position?
What is purchase price allocation?
Do I need a valuation to raise money?
Tell us about your IP and what you need it valued for.
Book a free call or send the enquiry form. You'll get a direct, personal answer within one working day.
Book a Free CallWhen the number itself is what's being argued about.
Shareholder disputes, divorce, inheritance, gifts, tax filings, restructurings. In these situations the valuation isn't background — it's the evidence. It will be read by opposing counsel, a judge or a tax inspector whose job is to find the weak point.
Nomad Structure prepares independent valuation reports to expert standard, following recognised international standards and signed by a qualified professional. We act as party adviser, jointly instructed expert or neutral valuer.
"In a dispute, the report isn't finished when we sign it. It's finished when the other side's expert can't find a hole in it."
- Shareholder dispute valuations for buy-outs, exits and unfair-prejudice claims
- Matrimonial valuations of business interests for settlement or court
- Estate, inheritance and gift valuations for filings and family agreements
- Tax valuations for restructurings, exit taxes and share transfers
Situations we're instructed on
These are stressful moments, and the valuation usually arrives in the middle of them. Our job is to make it the one thing in the process nobody has to argue about.
Shareholder disputes
Buy-outs, forced exits, deadlock and unfair-prejudice claims. We value the shareholding on the correct basis — including any minority discount — and set out why.
Divorce & separation
Where a business is part of the matrimonial assets, lawyers and courts need an independent value and, often, a view on liquidity and tax on extraction.
Estates, inheritance & gifts
Valuations at date of death or date of gift for probate, inheritance-tax filings and family agreements — documented to withstand a later query.
Tax filings & restructurings
Share transfers, group reorganisations, exit taxes and migrations all need a supportable value on the file. We prepare it before the authority asks.
Partner & director exits
Retirement or departure of a partner or director under a shareholders' agreement — applied to the actual clause, not a generic formula.
Second opinions
Already have a valuation you don't trust? We review the other side's report and tell you where it's sound, where it isn't, and what it means for your position.
Why the basis of value matters more than the method
In legal and tax work the first question isn't "what method?" — it's "what basis?" Market value, fair value and equitable value can give different numbers for the same shares. International standards define each; the report states which applies and why.
Market value
What a willing buyer would pay a willing seller at arm's length. The default basis for tax and most commercial contexts.
Fair / equitable value
A value that's fair between two specific parties — often relevant in shareholder exits and matrimonial cases, where minority discounts may not apply.
Discounts & premiums
Minority, marketability and control adjustments. Getting these right — and justifying them — is usually where legal valuations are won or lost.
Tell us the situation. We'll tell you what the report needs to do.
Describe the matter in a few lines. You'll get a personal, confidential response within one working day — what basis of value applies, how we'd approach it and a fixed fee.
- Confidential by default — happy to sign an NDA first
- We work directly with your lawyer or accountant
- Party adviser, jointly instructed or neutral — your choice
Instruction to expert report
Confidential call
The matter, the parties, the basis of value and the deadline. We confirm our role — party adviser, joint expert or neutral — and a fixed fee.
Letter of instruction & data
Scope agreed in writing with you or your lawyer. Accounts, shareholder agreements and any existing reports collected through a secure file share.
Analysis
Basis of value applied, earnings normalised, comparables researched, discounts assessed. Every assumption recorded so it can be tested.
Draft & review
A draft walkthrough with you and your adviser. In jointly instructed matters, both sides' questions are answered in writing.
Signed expert report
Issued and signed. Available to give evidence, attend mediation or respond to the other side's expert as the matter proceeds.
Frequently asked
Can the report be used in court?
Are you acting for me or as a neutral?
What about minority discounts?
Can you review the other side's valuation?
Is everything confidential?
Get a valuation the other side can't dismiss.
Book a confidential 30-minute call. We'll tell you what basis of value applies, how we'd approach it and what it will cost.
Book a Confidential CallStart with a free 30-minute call.
No obligation, no sales pitch. Enough to tell you whether this is the right fit, what the report would involve and a fixed fee if you want to proceed.
Prefer to reach out directly?
Not sure which service you need?
Book the call anyway. Most people don't know whether they need a business, IP or legal valuation until we've talked through the situation.