Share Scheme Valuations
Independent EMI, CSOP and growth share valuations.
Built to withstand HMRC review.
Our expertise at a glance
We provide independent, HMRC-defensible valuations for EMI options, CSOP, growth shares and unapproved schemes.
Partner-led, clearly reasoned, and delivered quickly.
What we value
We offer a range of services to meet the needs of every client. Have something else in mind? We'd be happy to work with you to create a custom quote.
EMI Options
Actual Market Value (AMV) and Unrestricted Market Value (UMV), prepared for agreement with HMRC ahead of grant.
Company Share Option Plans
CSOP Valuations
Market value at grant for tax-advantaged company share option plans (CSOP), documented to the standard HMRC expects.
Growth and Hurdle Shares
Valuation of the equity above a defined hurdle, including support setting a hurdle that works commercially and for tax.
Unapproved Option Schemes
Defensible valuations where no statutory relief applies and the figure still has to withstand scrutiny.
Why defensibility matters
A share scheme valuation agreed with HMRC fixes the tax treatment of the options for a set period. Get it right and your employees keep the tax advantages the scheme exists to give them. Get it wrong and they can face an income tax charge on exercise, and you face the time and cost of going back to HMRC to correct it.
HMRC can challenge a valuation that is thinly reasoned or poorly supported. What holds up under review is a report that shows its working: the inputs, the method, and a clear line from your company's value to the per-share figure. Every valuation we produce is built to that standard.
Why Work With Us?
Best-in-class valuation methodology without the overheads of the big firms
Institutional Quality at Low Cost
Deep Expertise
Experience valuing share schemes for both institutional firms and start-ups
Speed and Agility
Lean structure means we can move quickly to respond to your needs
Bespoke Solutions
Tailored to your company rather than one-size fits all approach
Defensible Valuations
Valuations in line with HMRC guidelines to ensure best practice
Partner-led Delivery
Highly responsive and personal
A Structured Approach to Every Engagement
Each mandate follows a consistent framework, designed to give your fund clarity, confidence, and rigour at every stage.
Request a quote
We would be delighted to discuss your valuation requirements in further detail.
Please fill out the form, and we will get back to you within 24 hours.
Christian Mitchell, CA
Managing Partner