SVM114040 - Information Standards:
Information Available
The amount of information that would be made available to the
prospective purchaser will depend on many factors including, but
not exclusively:
- the size and influence of the holding
- the cost of the investment.
Size and influence
As a rough guide valuers may proceed as follows: -
Less than 25% of voting capital
- published information unless the financial
information is stale. ‘Published’ does not necessarily
mean ‘available in the public domain’ and would for
example include accounts that had been approved, but not filed at
Companies House.
- As for other information, much depends on
the actual size of the holding, the amount of the investment and
the degree of influence which the holding might carry. It is
difficult to lay down any hard and fast rules although the more
influential the holding the more likely it would be to take account
of supplementary information.
Over 25% and less than 50% of voting capital
- fairly full disclosure, especially in
circumstances where the holding is equal to or greater in size than
any other holding.
50% and above
- it can be assumed that all information
would be disclosed to the purchaser of a control holding.
Cost
Whatever the cost of the investment, each case should be judged
on its merits.
