JAROT BUSINESS VALUATIONS CURRICULUM VITAE
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 3500 business valuations, with the main focus being on small to medium enterprises (SME’s). Valuation work undertaken has covered the retail, wholesale, manufacturing 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 650 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, Certified Practising Accountants, Australian Institute of Business Brokers and the National Institute of Accountants.
Chris Milne (Managing 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, medical 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 currently Co- Chairman of the Valuation Standards and Registered Business Valuers Committees of the AIBB.
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.
David holds a Master of Property (Valuation) Degree, and a Bachelor of Pharmacy Degree, as well as extension studies in Law & Accounting from Curtin University. David is a provisional member of the Australian Property Institute.
David started his career as a pharmacist and has worked throughout Perth and WA in community pharmacies since 1998. In 2009 David entered into pharmacy ownership with Priceline Pharmacy in Perth CBD. Over a 5-year period David’s knowledge and understanding of small-to-medium sized business developed. In 2013 he was invited to become an advisor to the CEO of the national Priceline Pharmacy Franchise parent company, API.
Since 2015 David has consulted with small businesses to assist them with business improvement as well as managing lease negotiations. His interest in business performance has led to him joining Jarot Business Valuations. David has been involved in valuing a wide range of SME businesses including retail, wholesale, manufacturing and services.
David’s qualifications and extensive small business experience provides him with a strong foundation in assessing business value.
Kylie Milne (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.