JAROT BUSINESS VALUATIONS
Jarot Business Valuations was established in 1989 by founder James Thompson and later joined by experienced valuer Chris Milne. The practice has provided in excess of 4000 business valuations, with the main focus being on small to medium enterprises (SME’s). Valuation work undertaken has covered the retail, wholesale, manufacturing, technology and service industries, as well as professional and medical practices.
Jarot valuations have been prepared for purposes including partnership changes, financial reporting compliance, legal disputes, asset tests, banks, pre-sale and pre-purchase advice. In excess of 700 valuations have been prepared for Family Law Court cases. Jarot has also provided expert witness evidence to the District, Family, Federal and Supreme Courts, as well as in various tribunal and arbitration hearings. Jarot’s expert evidence has typically centred on misrepresentation of figures and calculation of losses.
Jarot is considered to be a market authority in both the research of current market trends and valuation techniques. Since 1989 Jarot has published the Business Values Newsletter quarterly which includes collation and analysis of market sales, Return on Investment (ROI) ranges for specific industry types, current and likely future market trends. This publication is extensively utilised by industry stakeholders.
Jarot Business Valuations has conducted workshops and professional development on valuation theory, for accountants and business brokers from the mid 1990’s in Perth, Sydney, Melbourne, Brisbane and Adelaide. Training sessions have been provided to a wide range of clients including Bankwest, Australian Society of Accountants, Australian Institute of Business Brokers, the National Institute of Accountants and Certified Practising Accountants.
Meet Jarot Business Valuation
Chris Milne
Director
Chris completed a Bachelor of Business Degree Majoring in Valuation and Land Economy from Curtin University. He is accredited as a Registered Business Valuer with the Australian Institute of Business Brokers and a Certified Practising Valuer (Business and Property) with the Australian Property Institute.
Chris started his career in property valuations in 1989, initially with government, and then private companies. He has also held an executive management position in a business with revenue in excess of $35 million. In 1998 he established Kimberley Property Valuers (KPV), now Opteon North-West. Over an 11-year period, he expanded the business from a single operator to include a staff of 8 across offices in Kununurra and Broome. During this period Chris extended the range of services to cover business goodwill/going concern valuations. His expertise and professionalism in these areas led to
KPV being appointed to major bank panels specifically for provision of business goodwill/ going concern valuations. Chris has since sold this successful business in order to move back to Perth and later joined Jarot Business Valuations, becoming a director in 2014.
He specialises in SME valuations of retail, wholesale, manufacturing, service and professional practice businesses. Chris authors the “Business Values Newsletter”, which for in excess of 25 years, has provided over 400 business fraternity subscribers, with data and analysis, as well as articles on valuation theory and techniques.
Chris’ expertise in business valuations has seen him in demand as a presenter on valuation theory, techniques and current market trends. He has presented to industry bodies including the Certified Practising Accountants, Real Estate Institute of Western Australia (Business Brokers Division) and national conferences of the Australian Institute of Business Brokers (AIBB). He is the Chairperson of the Valuation Standards and Registered Business Valuers Committees of the AIBB. In 2019, Chris was awarded the AIBB’s Education and Training Committee award for “Outstanding Service and Contribution”.
Chris’ business valuation experience, together with his corporate knowledge, provides him with a comprehensive understanding of what drives business profitability and how to assess business value.
Will Gamlin
Valuer
Will completed a Bachelor of Engineering and Commerce Degree from The University of Western Australia (UWA) in 2003, followed by a Master’s Degree in Property from Curtin. He is accredited as a Certified Practicing Valuer by the Australian Property Institute and Registered Business Valuer with the Australian Institute of Business Brokers.
Will began his career as a property valuer at Glendinning and Associates in 2003, which later merged to become LMW. At LMW, he was an equity partner until 2019 and held the role of Regional & Agricultural Director, overseeing a team of valuers and servicing regional WA. In 2019, he continued his regional valuation work with Herron Todd White. He also simultaneously worked as a Property Acquisitions Manager for commercial property syndicator, Scope Property Group, before joining Jarot Business Valuations.
Will has a strong interest in investing, macro and business-related areas. He has a passion for business and a strong understanding of what drives SME business market values.
Angela Papalia
Assistant Valuer
She has completed an Advanced Diploma in Accounting and Diploma in Business. She has had extensive public practice experience in the businesses services area since 2000, including working as a senior accountant in small and mid-tier accounting firms. Angela’s accounting experience includes preparation of financial statements, tax returns and business projections.
Since starting at Jarot Business Valuations in early 2021, Angela has brought her high level accountancy and excel spreadsheet skills to analyze year to year comparisons of balance sheet and profit and loss statements, used in the valuation process.
Angela’s client focus and liaison skills, ensures efficient collation/ analysis of financial statements and other information required for valuations. This allows an efficient valuation process from the clients perspective.
Kylie Bird
Office Manager
Kylie holds a Bachelor of Psychology from the University of Western Australia. After successfully running her own psychology practice for many years, she honed her business management skills. Kylie is responsible for general business management and administration of the Business Values Newsletter.
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