01
Member's interest & shareholdings
Proportionate valuations of a member's interest in a close corporation or a shareholding in a company — for exits, disputes, and buy-outs.
Seaforth Capital
Independent Valuation Advisory
Independent Valuation Advisory · Cape Town
Finding the true depth
of value.
Seaforth Capital prepares independent, defensible valuations of businesses, shareholdings and member's interests — anchored in method, not in opinion.
01Adjusted Net Asset Value
02Earnings & Market Multiples
03Discounted Cash Flow
04Dispute & Litigation Support
01What we do
Valuation is our craft, and the heart of the practice.
Engagements where the question is not what something might sell for, but what it is genuinely worth — and where the answer must hold up to scrutiny.
02
Business & enterprise valuations
Whole-of-business valuations for owners, boards and advisors — combining asset, earnings and market evidence into one supportable view.
03
Investment & asset-holding vehicles
Sum-of-the-parts assessments for investment-holding structures, where value sits in the underlying portfolio rather than an operating stream.
04
Dispute & litigation support
Indicative valuations prepared for legal advisors to inform settlement and instruction. Court-ready expert reports scoped separately on request.
Beyond the valuation
When a number raises a question, we stay in the room.
A valuation often surfaces what a business should do next. As a CA-led practice, we advise owner-managed businesses and SMEs on the financial questions that follow — pragmatically, and without the overhead of a large firm.
- + Financial strategy & planning
- + Modelling & forecasting
- + Management accounts & reporting
- + Transaction & deal support
- + Board & owner advisory
- + AI-enabled processes
02Our approach
We choose the method the assets demand — then test it against a second. The reading is only trusted once it is triangulated.
Adjusted NAV · Primary
01
Anchored in the assets
Each material asset and liability is reviewed and adjusted from carrying value to fair value, on a sum-of-the-parts basis. The method least reliant on assumption.
Earnings / Multiple · Cross-check
02
Tested by the market
An earnings or EV/EBITDA cross-check triangulates the asset-based outcome — confirming the value attributed to the operating business is reasonable.
Discounted Cash Flow
03
When the data allows
A DCF is applied only where supportable multi-period forecasts exist. Where they do not, we say so plainly rather than manufacture certainty.
AI-assisted, not AI-replaced
We use AI to accelerate document review, pattern recognition and sensitivity testing — but always under the judgement of the signing CA(SA). The conclusion remains ours, and it remains defensible.
03 — Why independence matters
We have no stake in the number being high, or low.
Only in it being right.
Auditors, courts and counterparties increasingly demand valuations they can rely on — prepared by someone with no interest in the outcome. Independence is not a disclaimer at the back of our reports; it is the reason they carry weight.
Every report states its basis, its date and its assumptions. Where information is incomplete, we record the limitation rather than paper over it. That discipline is what makes a Seaforth valuation defensible long after it is delivered.
04Who you work with
Seaforth Capital is a principal-led practice. Your valuation is prepared by a Chartered Accountant — CA(SA) with deep experience in the unlisted space across Africa, having advised major private equity and institutional clients including the PIC.
That experience matters most precisely where listed-market comparables run out: close corporations, owner-managed companies and investment-holding structures, across sectors and jurisdictions. The work has included engagements for some of the largest private equity firms and institutional investors on the continent. You deal with the person who signs the report — start to finish.
CA(SA)
Chartered Accountant, South Africa — the principal's qualification.
5 years
Dedicated to valuations in the unlisted space across Africa.
Principal-led
Handled directly by the signatory of the report.
05How an engagement runs
A defined, transparent path from first enquiry to a written conclusion — with fees agreed up front.
- 01
Scope & proposal
We assess the information available, confirm the appropriate methodology, and issue a fixed-fee proposal setting out scope, deliverables and assumptions.
- 02
Information request
On acceptance, we circulate a structured information list and raise management enquiries to resolve the matters that materially affect value.
- 03
Analysis & soundings
We perform the adjusted net-asset assessment, apply the market cross-check, and reconcile the differences into a single, supportable view of value.
- 04
Written conclusion
You receive a written report recording the approach, key assumptions, limitations and the indicative value — billed half on commencement, half on delivery.
25 Feb
Valuation date discipline
every figure carries its as-at date
2 of 3
Methods applied, minimum
to triangulate every conclusion
Fixed
Fee agreed before work begins
no surprises on delivery
06Request a proposal
Tell us what needs to be valued.
Share a little about the entity and the purpose. We will respond with a scope and a fixed-fee proposal — usually within two working days.
- Confidentiality
- All enquiries treated as private & confidential.