What we value
- Production equipment, machine tools and production lines
- Tools and workshop equipment
- Inventory, warehouse stock and raw materials
- Office equipment and furniture
- IT equipment: servers, computers and network hardware
- Boats, trailers and other assets that are not real estate
When you need a valuation
Most often a bank or leasing company asks for a valuation when equipment is pledged as collateral. You also need one when buying or selling equipment or an entire production site, in insolvency and liquidation, when contributing assets to share capital, when revaluing fixed assets in your accounts, when arranging insurance, and in court and inheritance cases.
Each purpose may call for a different basis of value. A bank looks at market value and liquidation value, an insurer at replacement cost, and your accountant at fair value. Tell us what the report is for and we will choose the right approach.
Documents we will need
- A list of the assets with names, models and quantities
- Purchase invoices or sale agreements
- Technical passports, certificates and manuals, if available
- Accounting data: purchase date, original cost and net book value
- Information about repairs, upgrades and known defects
- For inventory, a stock list as at a specific date
How the inspection works
We reply to every request within 2 hours, arrange a convenient inspection time and agree on when the report will be ready. The valuer visits your premises or warehouse, checks the asset list against what is actually there, verifies identification data, assesses the technical condition and photographs every significant item.
Where possible we see the equipment running or walk through it with the person responsible, who can tell us about workload, servicing and repairs. For larger groups of assets we plan the visit so it does not disrupt your daily work.
What affects the value
- Age, manufacturer and model
- Technical condition and service history
- Remaining useful life
- Demand for similar equipment in Latvia and across Europe
- Dismantling and transport costs
- Technological obsolescence and availability of spare parts
- For inventory: shelf life, turnover and how easily it can be sold
Reports accepted by banks
Our reports follow the LVS-401 standard and are accepted by the largest banks in Latvia, including SEB, Luminor and Bigbank, as well as leasing companies and other financial institutions.
How long it takes
Timing depends on the number and complexity of items. A report on individual machines is usually ready within 1 to 3 working days after the inspection. For large groups of assets or inventory we agree the deadline in advance so it fits your bank's or your deal's schedule.