"I was a director and minority interest holder in a large nationwide property industry related business. When I expressed my wish to retire/divest the majority interest holder suggested a figure which was below my expectations.
I was put in touch with Jim Mcdonald through my accountant. The Surety price quoted was very reasonable, everything was explained to me in detail and the final report was produced quickly. However, most importantly the appraisal reflected the fair market value of my holding, which turned out to be substantially more than was on offer.
The parent company then obtained a second opinion and a critical analysis of the Surety report from a big four accounting firm. Jim’s support during the ensuing negotiations and his sophisticated understanding of valuation matters meant that I obtained a fair and just value of my company shares which without Jim would have been far beyond my business intellect.
I would highly recommend Jim Mcdonald and Surety Valuations to any person requiring a business valuation especially ones involving disputes or contentious issues."
16 February 2016
"My experience with Surety Valuations was very special. Jim delivers great results by offering true partnership.
The business valuation report carried out by Jim and his team was very professional and comprehensive. The document played a crucial part in my litigation against other parties involved. The service was great and timeline was prompt. I would highly recommend Surety Valuations to anyone looking for a stand out performance in the Business Valuation sector."
EXP International Group
12 February 2016
"We were initially referred to Jim Mcdonald through our accountant. My business partner decided to retire and I wanted to acquire his interest.
Jim carried out the work in a professional yet approachable manner. The process involved a thorough evaluation of the business and a fair and well balanced approach to key issues arising from a complex ownership structure.
The final report was well set out and informative covering the business, the industry, the economy and market conditions.
We have not regretted our decision and I would definitely recommend Jim Mcdonald / Surety Valuations to my family and friends."
4 February 2016
"In 2013, I engaged Jim Mc Donald / Surety Valuations, through my lawyer, to act as a consulting expert in respect of a large trading business for my divorce proceedings at the Family Court.
The business has a nationwide and international brand which is underpinned by internally developed copyrighted products and trademarks. The Surety valuation process was comprehensive and rigorous and the final report was detailed and set out in a logical manner.
A big 4 accounting firm had earlier valued the trading entities at $7.2 million and the Surety Report valued the trading entities at $8.8 million. The Family Court of Australia required an expert's determination i.e. the two valuation experts were to meet and agree upon a final valuation figure. This meeting provides each expert the opportunity to explain to the other expert the rationale, relevant precedents, and other corraboration information in support of their respective valuations, both aware that non agreement would mean that the matter would go to court where such information would be put forward by each. After a four hour meeting both experts agreed upon a valuation of $8.4 million.
Jim Mc Donald is an expert in the field of business valuation and carries out his duties in a highly professional manner. I would have no hesitation in recommending Jim Mc Donald as an expert valuer."
Janet Jones (name changed to preserve privacy)
"I confirm that I first approached Jim McDonald of Surety Valuations in June 2012. My company was one of 2 shareholders I a services related company that had developed an untenable relationship requiring a business valuation to assist in a resolution.
I could not have been more satisfied with Jim’s approach. He met with my business partner and myself both individually at his office and together at our business premises to ensure that he had all the relevant financial information and to verify our individual concepts of the business.
The report produced by Surety Valuations was comprehensive, easy to understand and fully detailed with all the relevant information that was provided. Jim spent all the time required to ensure that we understood how he came to the conclusions and valuation in the report.
Due to the quality and reliability of the business valuation it was able to become a vital negotiating tool in concluding the business relationship.I would have no hesitation in highly recommending Jim McDonald to those requiring any assistance in his area of expertise. I discovered him to be a person of utmost integrity, willing to work intimately with his client to achieve a result and his attention to detail was impeccable. Should there be any further clarification required please do not hesitate to contact me."
Specialist Business - design, support and installation of computer cooling equipment
27 November 2014
"I would like to express my appreciation for all that Jim McDonald [ Surety Valuations] did in helping me sell my half share in Quantum Restoration Service.
His valuation of the business was spot on and the follow up service was second to none. He had a definite interest in helping me sell the business for the right price.
His detail on the valuation of the assets in the company was excellent along with the estimate of goodwill involved in the company.
He asked me the right questions to get all the correct details of the company and thus come up with a true valuation.
I would recommend Surety Valuations to anyone trying to sell their business and would want a true valuation of what the business is worth".
Quantum Restoration Services
6 January 2015
"We specialise in deliverying transport and logistics solutions including management of client freight throughout Australia.
Our transport group has a complex ownership structure of over ten entities. In 2014, we asked Jim Mcdonald to value the shares of a retiring interest holder.
Over a period of one month and three meetings, Jim carried out a review of the facts and circumstances surrounding the affairs of a number of entities over a five year period.
The report provided to by Jim was very comprehensive,he left no stone unturned. His professionalism to the sensitive nature of the valuation was second to none."
The Transit Group
8 May 2014
"Clenergy is a technology company which designs, manufacturers and distributes a range of renewable energy products for the Solar Photovoltaic market. Our solutions address the needs of residential, corporate and utility scale customers. We are a multinational organisation, headquarters in Xiamen in China with offices in Australia, Germany, Italy, France and the United Kingdom and the United States. Clenergy employs over 170 people. We conduct research and development globally with facilities in the United Kingdom, China and Australia.
Our company has engaged the services of Jim McDonald (Surety Valuations) in respect of valuation services on three occasions. We have found Jim's work to be highly professional and to international best practice standards.
We are happy to recommend Jim and Surety Valuations.
Please do not hesitate to contact me should you wish to discuss this matter further".
Daniel Hong - Director and Chief Executive Officer