"We issued an RFP to Intangible Business Ltd. as well as two other internationally recognized valuation firms, including a Big 4 firm. The Intangible Business team quickly understood our goals and the challenging technical and practical issues we faced in completing extensive worldwide valuation work for a multi-billion dollar acquisition in a compressed time frame. IBL was able to develop a proposal that reflected in-depth knowledge of valuation requirements for the various assets being acquired. Despite being a smaller firm, Intangible Business grasped complex technical accounting concepts and associated treatment required by the structure of the transaction and worked effectively with our external auditors to ensure agreement during the entire process. Their experience was evident both in content and presentation of the deliverables, engagement challenges were addressed quickly, and they did not lose sight of the bottom line. We are pleased with the outcome of this engagement."
Vice President and Corporate Controller
"The Memorial Fund is pursuing a unique project that required a careful understanding of complex issues and our requirements are definitely out of the ordinary. Intangible Business quickly demonstrated a clear understanding of the sensitivities, and how to develop an appropriate solution. We were very pleased with the results"
Head of Commercial and Licensing - Diana Princess of Wales Memorial Fund
"Medicsight Inc asked Intangible Business to give an opinion on the value of 15,000,000 Medicsight plc shares issued to Medicsight Inc in November 2001 and applied in settling an outstanding purchase consideration due to Nightingale Technologies Limited. This was a sensitive and contentious issue for us, as this (and related issues) would need to be reported in Medicsight's annual report (form 10K) with the SEC.
"Intangible Business prepared a well analysed and researched report valuing these shares which Medicsight considered appropriate to adopt in its annual report. This resulted in a revised value some US$115 million different from before. The SEC filing included the report from Intangible Business and can be found on the SEC web site, as part of form 10K filed in April 2004 (click here for the report). Their work was self evidently effective and their approach was efficient; thorough; quick; and commercial, and they worked well as a team with Medicsight representatives. We have no hesitation in recommending Intangible Business for share, business and intangible valuation advice significant to the financial markets."
Stephen A Forsyth,