Compulsory Purchase
Quantification of business losses
Forensic accountants for financial investigations and business valuations
Vero Consulting Services
Vero Consulting provides expert and authoritative analysis and opinion on the financial, economic, accounting, fiscal and monetary aspects of disputes and investigations.
Business Valuations
Shareholder and other disputes
News and Blog
On 17 July 2019 the Upper Tribunal (Lands Chamber) issued a 47-page Decision on the compensation due on extinguishment of a waste transfer and skip hire business that was compulsorily purchased in June 2012 – Welcocks Skips Limited v Network Rail Infrastructure Limited [2019] UKUT 0162 (LC) ACQ/84/2017.
The Claimant appointed a valuations expert from BDO and Network Rail appointed Charles Lazarevic of Vero Consulting. The two experts worked together over many months to identify the differences between them leaving the Tribunal to consider two issues: whether the business had suffered pre-possession losses and the appropriate multiplier to apply to the agreed earnings figure. The case was heard over 6 days in January before Her Honour Judge Alice Robinson and Mr A J Trott FRICS and involved extensive scrutiny of trade and financial data, with detailed examination of both forensic accountants and specialist waste industry experts.
The Tribunal ultimately awarded compensation of £7,581,636 for the value of the business, and a total award of £8,140,023.37 plus statutory interest. The previous business loss decision following business extinguishment was in 2017.
Please contact us for further details: enquiries@veroconsulting.expert
Charles Lazarevic, an Award-winning Chartered Accountant, recently completed a financial review in Serbia with support from a leading firm of accountants locally.
Charles was asked to use his financial expertise and language skills to prepare a report to forensic accounting standards for his client, a major corporation.
This exercise builds on his previous experience in the country with financial reporting to international accounting and auditing standards, and advising on privatisations.
Charles has carried out forensic accounting assignments for corporates in many parts of the world as well as sensitive investigations for various UK government agencies. Further details of his experience are available here.
While most assignments are conducted in English, the team at Vero in London has consultants with a working knowledge of German, French, Italian, Spanish, Russian, Romanian, Serbian and Croatian.
Further details of his and his team’s expertise is available at here.
If you would like consult him for a business financial review or a forensic investigation anywhere in the world, please contact him at enquiries@veroconsulting.expert.
2 July 2019
Lawyer Monthly’s latest edition with the Expert Witness 2019 Awards is now available here.
My expertise is set out in full on page 26.
If you would like a pdf with my expert witness experience for future reference please send me an email.
Charles Lazarevic
enquiries@veroconsulting.expert
13 June 2019
I am thrilled to announce that I was nominated, voted on and won Expert Witness Awards in two categories by Lawyer Monthly: Chartered Accountancy and Fraud Accountancy.
These Awards recognise the success that I and my firm have achieved since we established this specialist forensic firm in 2016.
Every case requires a tailored approach to deal with its own uniqueness. I am pleased that these Awards recognise the passion that my team and I apply in resolving each case. We present often complex financial issues in a clear, authoritative and comprehensive way that assists the parties, courts, tribunals and arbitrators.
Further details about my firm’s services may be found here.
Details of Lawyer Monthly’s point-based evaluation system, which is based on twelve parameters to ensure fairness and accuracy, are set out here. Lawyer Monthly will be publishing an Awards edition shortly.
Charles Lazarevic
5 June 2019