GoIndustry DoveBid has been awarded Asset Appraiser of the Year by ACQ Finance Magazine.
Since its launch four years ago, the ACQ Country Awards has grown in stature and importance becoming a focal point of the M+A community’s calendar, and this year’s has been bigger than ever with winners from over 40 different countries. The awards not only highlight the outstanding performers in each country across all specialisations but the companies are also nominated by ACQ’s readers, the users of these services, and confirmed by an International panel of experts. ACQ is the oldest and most established print title in the M+A marketplace with a circulation of 31,252 each month.
Elaine Shelley, Business Development Director at GoIndustry DoveBid, comments: “We are naturally delighted to have been awarded the prestigious award of Asset Appraiser of the Year once again. It underlines the growing importance of Asset Intelligence to Asset Based Lenders, who are today more likely to fund corporate restructures where they can rely on a pre-evaluated asset base than on less predictable cash flows..
In our experience, asset-based lenders, who were until very recently content to fund against accounts receivable, are now more willing to fund businesses with inventories using a revolving debt facility. They may complement this with term lending against fixed assets, such as unencumbered plant and machinery and freehold property.
It is essential that asset-based lenders receive specific, realistic valuations against individual assets, as opposed to considering a blanket assessment over a general ‘basket of securities’. The renewed emphasis on loan to values provides transactional confidence, greater availability of capital to the distressed company than the company would normally receive based on historical trading records and this promotes a greater degree of market certainty.
Our award winning, market leading asset valuation team is one of the many service offerings of GoIndustry DoveBid, the world’s largest online auctioneer for buyers and sellers of used machinery & business assets. More auctions, combined with instant access to more detailed proprietary information and contacts, mean that GoIndustry DoveBid Valuation Services is the preferred choice of organisations seeking rapid, accurate and dependable valuations advice.”
