What types of commercial disputes do you work on?

We provide forensic accounting and expert witness support across breach of contract and warranty claims, shareholder and partnership disputes, unfair prejudice petitions, loss of profits and damages quantification, completion-account and earn-out disputes, and expert determination and arbitration. Each instruction is approached as an independent expert under CPR Part 35.

How do you approach the valuation of a disputed shareholding?

Valuation of a disputed shareholding turns on maintainable earnings, the appropriate basis and multiple, and the normalisation of items such as director remuneration and related-party transactions. We reconstruct the underlying financial position from primary records, set out the basis of valuation transparently and address the competing approach advanced by the other side so the court can see exactly where the difference arises.

Can you act as a single joint expert?

Yes. We accept single-joint-expert appointments as well as party-appointed instructions. As an independent expert our primary duty is to the court regardless of who instructs us. We also prepare joint statements with the opposing expert, narrowing the issues in dispute to the points that genuinely require determination.

At what stage of a dispute should we instruct you?

Earlier is usually better. Involving a forensic accountant before positions are fixed allows the financial issues to be scoped properly, the quantum to be understood realistically, and settlement discussions to proceed on a sound basis. We are equally able to come in later in proceedings, including to review or respond to an existing expert report.

Will your report comply with CPR Part 35?

Yes. All of our expert reports are prepared to comply with CPR Part 35 and the accompanying Practice Direction. The report sets out the expert's instructions, the basis of opinion, the facts and assumptions relied on, and the required declaration and statement of truth. Our duty to the court overrides any obligation to the instructing party.

Commercial and Dispute Resolution

Forensic clarity in
commercial disputes.

Independent forensic accounting and expert witness support across commercial litigation, arbitration and mediation. We quantify loss, value disputed interests and prepare evidence that withstands cross-examination.

Breach of ContractShareholder DisputesLoss of ProfitsQuantum

150⁺

Expert witness instructions accepted across commercial, insolvency and matrimonial proceedings in England and Wales.

Commercial Disputes

Evidence that holds up under challenge.

Commercial disputes turn on the numbers - the lost profit, the true value of a shareholding, the reconstruction of what actually happened in the accounts. We provide the independent forensic analysis that gives Counsel and the court a defensible financial picture.

Every instruction is approached as an independent expert under CPR Part 35, with a primary duty to the court - not the instructing party.

Discuss an Instruction

What We Cover

Commercial disputes are won and lost on the figures.

Whether the matter settles at mediation or goes to a contested hearing, the financial evidence has to be independent, clearly reasoned and capable of withstanding cross-examination. We build it to that standard from the outset.

Commercial Forensic AccountingLitigation - Arbitration - Mediation

Breach of Contract & Warranty Claims

Quantification of loss flowing from breach of contract, breach of warranty and misrepresentation. Counterfactual modelling of the position the claimant would have been in absent the breach.

Shareholder & Partnership Disputes

Independent valuation of disputed shareholdings and partnership interests, unfair prejudice petitions, and the normalisation of earnings and director remuneration that valuation turns on.

Loss of Profits & Quantum

Defensible loss-of-profit and damages quantification. We reconstruct revenue, isolate the financial impact of the matter in dispute and set out the basis of calculation transparently.

Expert Determination & Arbitration

Forensic accounting evidence for arbitration and expert determination, including completion-account and earn-out disputes, joint statements and single-joint-expert appointments.

Credentials

Why solicitors instruct Key Ledgers.

Independent forensic accounting and expert witness work under CPR Part 35, with a primary duty to the court in every instruction.

150+Expert Witness Instructions

20+Years in Practice

FCCAFellow of ACCA

CPR 35Court-Qualified Expert

Why Key Ledgers

What makes the
critical difference.

Commercial disputes turn on the numbers. The court needs a financial picture it can rely on: independently formed, clearly reasoned and capable of withstanding cross-examination.

Genuine Independence

We act for claimants and defendants, and accept single joint expert appointments. The opinion is formed on the evidence, with a primary duty to the court rather than the instructing party.

CPR Part 35 Qualified

Every report complies with CPR Part 35 and Practice Direction 35, including the expert declaration and statement of truth, and is structured for use at trial or in settlement negotiation.

Transparent Methodology

The basis of calculation is set out so the other side can test it. Assumptions are stated as assumptions and separated clearly from opinion.

Valuation Experience

Maintainable earnings, normalisation of director remuneration and the basis and multiple applied. The areas disputed shareholding valuations are won and lost on.

Who We Work With

Instructed by solicitors, Counsel and parties across commercial litigation, arbitration and mediation.

Commercial Litigators

Solicitors acting in breach of contract, warranty and misrepresentation claims requiring independent quantification of loss.

Counsel

Barristers requiring forensic accounting evidence for trial, and an expert who can be tested on the figures under cross-examination.

Shareholders and Partners

Parties to shareholder, partnership and unfair prejudice disputes where the value of a holding is contested.

Arbitrators and Mediators

Expert determination and arbitration appointments, and single joint expert instructions where the parties agree.

What You Receive

Evidence that holds its shape from pre-action to trial.

The work product gives solicitors and Counsel a defensible financial position for negotiation, mediation and contested hearing.

CPR Part 35 compliant expert report
A report meeting the requirements of Practice Direction 35, including the expert declaration, statement of truth and reasons for the opinions expressed.
Quantum calculation and basis
The loss or valuation figure with the method, inputs and assumptions set out transparently so each step can be followed and tested.
Counterfactual analysis
The position the claimant would have been in absent the breach, modelled from trading history and the specific circumstances of the matter.
Joint statement and oral evidence
Contribution to the joint experts statement following advocates meetings, and oral evidence at hearing where directed by the court.

Case Study

Real instruction - name withheld

Shareholder Dispute and Disputed Business Valuation

Acting as forensic accounting expert in a shareholder dispute concerning the fair value of a minority holding in a private trading company. The instruction required reconstruction of maintainable earnings, normalisation of director remuneration and assessment of the basis of valuation advanced by the opposing party. The analysis was set out in a CPR Part 35 compliant report and supported settlement at mediation.

Matter resolved at mediation following expert valuation evidence

"Bharat provided clear and well-reasoned forensic accounting analysis... His work was instrumental and proved valuable in supporting the legal arguments advanced in the proceedings."

Andrew Barns-Graham, Barrister, 3 Hare Court

Bharat provided clear and well-reasoned forensic accounting analysis. His work was instrumental and proved valuable in supporting the legal arguments advanced in the proceedings.

Andrew Barns-GrahamBarrister, 3 Hare Court

150+Expert Witness
Instructions

20+Years in
Practice

CPR 35Court-Qualified
Expert

Common Questions

Commercial dispute questions answered.

If your question is not covered below, contact us directly and we will respond the same working day.

We provide forensic accounting and expert witness support across breach of contract and warranty claims, shareholder and partnership disputes, unfair prejudice petitions, loss of profits and damages quantification, completion-account and earn-out disputes, and expert determination and arbitration. Each instruction is approached as an independent expert under CPR Part 35.
Valuation of a disputed shareholding turns on maintainable earnings, the appropriate basis and multiple, and the normalisation of items such as director remuneration and related-party transactions. We reconstruct the underlying financial position from primary records, set out the basis of valuation transparently and address the competing approach advanced by the other side so the court can see exactly where the difference arises.
Yes. We accept single-joint-expert appointments as well as party-appointed instructions. As an independent expert our primary duty is to the court regardless of who instructs us. We also prepare joint statements with the opposing expert, narrowing the issues in dispute to the points that genuinely require determination.
Earlier is usually better. Involving a forensic accountant before positions are fixed allows the financial issues to be scoped properly, the quantum to be understood realistically, and settlement discussions to proceed on a sound basis. We are equally able to come in later in proceedings, including to review or respond to an existing expert report.
Yes. All of our expert reports are prepared to comply with CPR Part 35 and the accompanying Practice Direction. The report sets out the expert's instructions, the basis of opinion, the facts and assumptions relied on, and the required declaration and statement of truth. Our duty to the court overrides any obligation to the instructing party.