Interruption to businesses can occur for many reasons, as a result of fire, flood, supply failure, product liability/recall issues, compulsory purchase orders, and even unlawful withholding of VAT repayments. However, whatever the timing or cause of the interruption there are always two common factors:

  • it is always a major inconvenience to the business, which can often impact upon profitability and the individual employees within the company; and
  • from the forensic accountant’s point of view, the task is more or less the same. Our role is to establish how the business was performing prior to the incident, and assess how it would have traded were it not for the interruption.

At FAR Consulting we believe that by putting into place a simple set of procedures as soon as possible after the interrupting event, the task of collating the information and evidence at a later date can be substantially improved and effort reduced. Whilst such processes must not interfere with the operation of the business at this difficult time, once the situation has “normalised” it will enable the business to recover faster as management can focus their time and effort in driving the business forward once more, safe in the knowledge that the information necessary for supporting their claim has already been successfully captured. We have experience and solutions in this field that can be of major benefit as soon as the crisis occurs.

Whether acting for the business affected, or the defendant, we can provide reports, either as an expert witness or as in-house consultants, in a language that is understood by all parties. We understand how solicitors and insurers interact and the commercial pressures upon them. We don’t rigidly crunch the numbers; we look for the more rounded solution that best reflects the specific circumstances of the interruption. Our forensic skills and our client’s in depth knowledge of the business are the perfect combination for achieving the right result.