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Originally Posted by RichieW2001
ah, i always thought you were in tax. i was on a brief secondment down to london for busy season which i'll be doing again this year with a view to a more permanent move. i had much more baggage to consider last year which put me off a more permanent switch but things seem to have fallen into place this time. i'm still in the dreaded audit and assurance and i have a hell of a nasty FTSE-350 client to plan for in the coming weeks. i'm fairly sure some of their pension provisions are simply pulled out of a hat.
the chances of making partner seem to be growing ever slimmer so i'm hoping to get into industry within the next few years.
where are you based at the minute?
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I was lucky in that I started out in Industry. You have to deal with a lot more politics, but I personally find it far more interesting. + if you get into the right company, the money can be very nice :P
Working in London bridge at the moment. Just accepted a new job working for Lloyds TSB (also at London Bridge), getting away from all of the number crunching & salary & benefits are very nice!
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Of course first actual value of company will be decided according 'the book', but then it's always changed in our (as in our team) perspective value...+ what the added value is for us (company). And especcialy the last is very open...We once bought out a smaller competeter and eventually paid up 3 times the amount anyone would've paid in normal circustances... that decision only came from tactical perspective.
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Absolutely,
Personally I have only been involved in asset & customer acquisitions but ultimately it comes down to what you are willing to pay & what the company is willing to accept. Lots of aspects (e.g. labour, market share, brand, location etc....) cannot be valued by the book & are subjective.