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ICAEW event

Valuation Conference 2024

19 September 2024, Virtual Event

Learn about current developments in business valuation.

Watch on demand

Highlights

Sessions will cover a range of practical and technical issues to keep you at the top of your field, enabling you to provide your clients with solutions to the challenges in this ever-changing sector.
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Economic insight

Learn about both UK and global economic trends in one of the most popular sessions at the conference.

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Valuation analysis

A deep dive into the critical assessment of comparability in valuations, including aspects of financial disclosures including non-GAAP adjustments.

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Valuations & investment oversight

Learn about the integral role of valuations in investment stewardship and effective governance.

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CPD

Attending this conference could contribute up to 5 hours of verifiable CPD.

Programme

Please note that the programme is subject to change.

Morning sessions

Chair's opening remarks
9:15
Valuation & investment oversight
Neil Welsby and David Murray from Railpen will discuss the integral role of valuations in investment stewardship and asset management.
9:20
Aspects of valuation analysis
Andrea Ward, Managing Director & Instructor, Financial Edge dives deep into the critical practice of assessing comparability in valuations. We'll equip you with the tools to navigate the complexities of financial disclosures, including non-GAAP adjustments, to ensure your analysis is accurate and reliable.
10:05
Break
10:45
How technology benefits the future of valuations
This session will explore Yann Magnan's transformation from a valuation professional to a valuation technology advocate. We'll delve into the motivations behind Yann and his co-founders establishing 73 Strings, a company focused on valuation technology. The session will then explore the FCA review on data analysis and automation, and the potential of AI for finding trends in data. But it stresses that human expertise remains important, alongside data accuracy ensured by cutting-edge technology.
11:05
The role of valuations in debt restructurings
Kate Stephenson from Kirkland European Restructuring Group and Jo Hewitt from Alvarez & Marsal Restructuring will take this session.
11:50
Break
12:30

Afternoon sessions

Economic update
One of the most popular sessions at our conference is always a summary of the economic backdrop. During this session we will discuss the outlook for the economy and expectations for growth, inflation, and interest rates, as well as the potential risks valuers should be factoring into their valuation conclusions.
13:30
Assessing country risk at a time of geopolitical crisis
This session will explore how geopolitical factors are now just as important as economic ones in determining risk. Nick Forrest from Baringa will revisit common risk estimation methods and examine surprising situations where businesses defied expectations in high-risk environments. The session also tackles current challenges in measuring risk due to globalisation and other factors. Finally, we'll get insights on key trends and potential risks to watch for in the coming year.
14:35
Break
15:15
Valuing football clubs
Nick Barlow from PwC will provide an overview of the various methodologies that could be used to value football clubs, and the qualitative and quantitative factors that will impact on the valuation - and how these factors might evolve going forward.
15:35
Closing comments
16:15
Close
16:20

Our Speakers

Speaker: Frances Haque
Frances Haque Chief Economist, Santander UK

Frances Haque is the Chief Economist for Santander UK responsible for the economic analysis and macroeconomic forecasts used by the retail bank. Her team are responsible for developing: the analysis of economic risk scenarios to support the Prudential Regulatory Authority stress test and IFRS 9 processes; analysis for planning and strategic purposes; supporting the external customer work of the bank including speaking at a variety of events; and writing for external publications. She has also been appointed to the FCA’s CBA Panel.

Nick Barlow
Nick Barlow Partner, Valuations, PwC

Nick leads the Retail, Consumer and Leisure team of the UK Valuations practice of PwC in London, with 17 years experience advising clients on valuations of business, assets and shares for the purposes of transactions, disputes, financial reporting, and tax purposes. He has worked with clubs in the Premier League, Championship, League One, and in Europe, as well as carrying out valuations for sports organisations, leagues, sports agencies and sports data analytics / technology platforms.

Speaker: Jo Hewitt
Jo Hewitt Managing Director, Alvarez & Marsal Restructuring

Jo Hewitt is a Managing Director with Alvarez & Marsal Restructuring in London. She has over 18 years of experience advising boards and stakeholders of distressed organisations in restructuring situations, in addition to serving in insolvency appointments. Jo helps clients react rapidly to urgent business issues, develop effective contingency planning and strategically engage with stakeholders in both consensual and non-consensual situations. She specialises in complex restructurings and insolvencies in the UK and has extensive experience in cross-border restructurings.

Nick Forrest
Nick Forrest Policy, Regulation and Economics team, Baringa

Nick Forrest is a partner leading Baringa’s economics team with a focus on financial economics. He was previously chief economist at PwC and spent 10 years in PwC's valuation team. He has developed country risk models, which have been used for valuation, commercial disputes and regulatory determinations. During Covid-19 and the Ukraine-Russia war, Nick provided media commentary, publications and presentations on the global economic impacts.

Speaker: Kate Stephenson
Kate Stephenson Partner, Kirkland's European Restructuring Group

Kate is a Partner in Kirkland's European Restructuring Group. Kate has extensive restructuring and insolvency experience, including advising strategic investors, insolvency practitioners, turnaround managers, directors, debtors and creditors in all forms of national and international financial restructurings and insolvencies.

Yann Magnan
Yann Magnan Chief Executive Officer, 73 Strings

Yann has more than 25 years of experience in the Corporate Finance/Financial Advisory industry and working in and with the Alternative Investment Funds industry at the global level. At 73 Strings, he is responsible for defining strategic initiatives for the business, as well as overseeing key engagements, relationships and operations. He has been speaker at several leading industry forums on various financial advisory topics. Yann is also chairman of the IVSC Europe board.

Andrea Ward
Andrea Ward Managing Director & Instructor, Financial Edge

Andrea brings over 22 years of experience designing and delivering bespoke finance training programs. She began her investment banking career in the M&A team at Lehman Brothers, overseeing private equity as well as media and technology transactions. Andrea left the industry to start her instructing career, managing AMT Training globally. She then joined Financial Edge in 2018 as managing director and instructor.

Neil Welsby
Neil Welsby Head of Private Markets Risk & Valuations, Railpen

Neil is the Head of Private Markets Risk & Valuations at Railpen where he sits on the Investment Committees for private market investments and is a member of the Valuation Committee. He developed Railpen’s valuation team with a focus on integrating valuations as part of the broader investment risk function to facilitate robust and ongoing investment stewardship and asset management. He has over 10 years of valuations and transaction experience across a variety of asset classes.

Our partner

Logo of Business Valuation Benchmarks an ICAEW partner
Business Valuation Benchmarks

Aims to overcome the inherent problem of the unreliable transaction multiples from databases, and equip financial professionals with reliable transaction multiples and insights.

Learn more

Testimonials

Top rate speakers, excellent mix of technical and practical content well delivered.

Previous attendee ICAEW's Valuation Conference 2023

Excellent range of topics.

Previous attendee ICAEW's Valuation Conference 2023

As always an enjoyable session, familiar subjects with the insights of some of the leading individuals in the industry. Useful to join as a refresher for re-assurance but also for the little gems which can only improve on works going forward.

Previous attendee ICAEW's Valuation Conference 2023

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