Project summary
- Valuation of a portfolio of academies for financial reporting purposes as the schools had recently transferred into an Academy trustt
- Requirements to report within a timely fashion in order for the client to submit reports to their accountantst
Solution
- Inspection of the property within a short timeframe from instruction with minimal disturbance to the operation of the schoolt
- Consideration of comparables to support our opinion of valuet
- Undertake a Depreciated Replacement Cost to cross check against the comparablest
- An RICS Red Book report to comply with the requirements of the RICS and financial reporting standardst
Benefits
- A robust and compliant report which supports the valuation for financial reporting requirements
- Provides an overview of the school and where its strengths and weakneses lie with regard to value
- Highlights any alternative uses which may be possible should the school become vacant
