Next month ends what will be the best financial year The Valuator Group has ever achieved in its 11th year of establishment with revenue up by 42% compared to the same period last year.
While the valuation business effectively is kept busy during good and bad times, last year has seen the Group’s growth strategy hit all targets which include expanding to new markets and achieving growth in all the major asset valuation services, confirms Group CEO Gavin Commins. “It is always encouraging and stimulating if Game Plan targets are achieved as this allows the company to expand with confidence offering clients additional complementary services besides just valuations” says Commins.
The property sector remains the largest source of business where the Group has established associations with key players in the commercial, industrial, hospitality, mining, retail and agriculture sectors amongst others. The cost effective 5 year Long Term Assistance Plan is proving a very efficient way for client’s to ensure that all their key assets are accurately valued with the required insurance cover.
The Group’s Plant, Machinery, Equipment & Technical Asset division is currently being restructured to meet demand as we employ additional skilled people to offer an all-inclusive service which not only includes valuations (for market and insurance purposes) but also asset identification & verification, age, usage and useful lifespan of movable assets plus general conditioning assessment report as well as updating Asset Registers with all the technical specifications and information with serial numbers. Tagging is also offered linked to the Asset Register recording purchase, disposable or movement of assets. Valuations comply with International Financial Reporting Standards (IFRS 13).
Art Work investors have seen this asset class produce excellent returns over the last few years. Auction Houses like Sotheby’s and Christie’s have sold art at record prices and The Valuator Group has in turn been very involved with valuations in this sector both for market and insurance purposes.
Another huge growth area has been valuations for Heritage Assets in the public sector to comply with GRAP (Generally Recognised Accounting Practices) where the Group offers their valuation services to accounting firms where their clients require these standards set out by the Accounting Standards Board in consultation with the Auditor-General of South Africa.
Following the encouraging political changes currently in progress The Valuator Group is very bullish about 2018 not only in South Africa but also in the rest of the continent and opportunities in the UAE after opening an office there early last year.
Management would like to take this opportunity of thanking all our clients, our dedicated staff and consultants for all they have done to make 2017 the successful year it has been and look forward to strengthening association this year as we proceed with excitement and enthusiasm with all the positive changes happening in South Africa and surrounding neighbour countries.