At Frenkels Forensics, we have an outstanding reputation for providing exceptional forensic accountancy services at highly competitive rates. We are committed to adding real value to our clients’ cases by swiftly resolving the financial issues and preparing robust reports in user-friendly, accessible formats.
For assistance call us on 0330 118 8200 or Make An Online Enquiry.
What Forensic Accounting Services Can We Provide?
With decades of experience in the field of forensic accountancy, we offer an extensive range of forensic accountancy services. Some of the areas in which we have particular expertise include the following:
• Personal Injury Forensic Accounting Services
We are especially well-known for our forensic accounting services in the field of personal injury litigation. We enjoy longstanding professional relationships with many of the UK’s leading personal injury solicitors and barristers, who frequently call on our forensic accounting services to calculate the damages arising from personal injury and clinical negligence claims. We regularly act for both claimants and defendants.
As part of the claim process the parties must establish the extent of the Claimant’s economic losses. Personal injury compensation is intended to put the claimant back in the position they would have been in had the accident or negligence not occurred. It includes an amount for the claimant’s pain, suffering, and loss of amenity, and an amount to make good any financial losses caused by the accident.
Sometimes, this exercise is straightforward. For example, if a claimant’s injuries are fairly minor and require no ongoing treatment, the claimant or their legal team can usually calculate the compensation themselves. Other times, however, the exercise is decidedly more complicated. Where a personal injury claimant is expected to incur significant ongoing losses, such as loss of earnings and pension losses, forensic accounting services are often required to predict what the claimant’s future losses are likely to be. We use advanced software, which we call the ‘Frenkels Calculator’ to assist us in these cases, since it can compare unlimited scenarios in minutes.
• Divorce Forensic Accounting Services
When a married couple or civil partners separate, a key issue that arises is how their assets should be split. If one or both parties have substantial business interests, those interests need to be valued, and that’s where forensic accounting services come in.
The volatile nature of business assets makes valuing them in divorce cases incredibly complicated. A forensic accountant’s role is not only to value the business at the date of separation, but also to make any necessary adjustments to account for the couple’s circumstances and assist their client’s legal team in protecting the future financial stability of their client.
At Frenkels Forensics, our specialist forensic accountants work on divorce cases of all complexities to ensure a fair outcome.
• Crime And Fraud Forensic Accounting Services
Forensic accounting services assist a defendant’s legal team establish the true extent of their client’s criminality. Our leading crime and fraud forensic accountants use cutting-edge techniques and technology to analyse the figures claimed by the prosecution to be proceeds of crime and test the validity of their assertions. Our work enables us to separate money obtained through criminal means from that earned from legitimate sources, thereby determining the sums that can be accurately classed as ‘proceeds of crime’.
Prosecuting authorities also use our forensic accounting services to calculate a defendant’s proceeds of crime.
How Can Our Financial Accounting Services Help?
Most clients are anxious to avoid protracted, expensive litigation where possible. By seeking financial accounting services at an early stage in your matter, you can significantly increase the likelihood of reaching a settlement with the other party. When expert forensic accountants like ours have stablished the value of a claim, the parties understand what is at stake and can embark on meaningful settlement discussions. We can present our findings in a variety of ways to assist your settlement talks, including a letter of advice and a desktop report.
If your matter proceeds to trial, the court may order that both parties instruct their own forensic accountancy expert to provide evidence on the financial elements of the case. Alternatively, it may order that the parties instruct a single joint expert. Our forensic accountants routinely act as expert witnesses for one or both parties. We understand the duties of expert witnesses, and we produce high-quality CPR- compliant reports for use by the parties, their legal advisors, and the Judge. We frequently attend court to give our evidence under cross-examination and can skilfully explain and defend our findings when called on to do so.
To discover more, please call us on 0330 118 8200 or Make An Online Enquiry.
“Thank you ever so much for the work and advice you have provided . The report was clear and accessible and will not hesitate to recommend you all.”
“I am indebted to you for your contribution, and for explaining things in plain English such that even lawyers can understand the issues”
“May I take this opportunity to thank you for your assistance in this matter. Counsel and the judge said that your report was one of the best they had seen in that it was concise and technically easy to understand.”
