Mr Richard Heasman
Chartered Accountant
- Business valuations
- Fraud and financial crime
- Consequential loss
- Proceeds of crime recovery work
I have provided Expert Reports on Forensic Accounting matters in approximately 350 cases and given evidence in Court in civil and criminal trials on numerous occasions. Since 1995, I have specialised in forensic accounting and Expert Witness services which are provided to solicitors, insurers, companies and others throughout the UK acting in respect of approximately 35 new instructions each year.
In 2002, I became a Partner in Reeves+Neylan Chartered Accountants, a top forty firm, which has approximately 25 partners, 200 staff and 4 offices.
My experience includes overr twenty years general practice accountancy work, preparation of financial and management accounts, financial, business, taxation and business advice for limited companies, partnerships and sole traders, covering a wide variety of trades and professions.
I have advised companies and individuals in relation to the valuation of majority and minority holdings and the tax consequences of personal sales and company buy backs and clauses within Shareholder Agreements.
I have prepared share valuations for agreement with the Inland Revenue shares division including for the purposes of employee share incentive schemes and probate valuations.
I have undertaken investigations on the accounting records of companies where there have been allegations of fraud or false accounting.
In addition, I have undertaken many ad hoc assignments ranging from the review of the accounting system of a nationwide charity, the comparison of corporate guarantees given by international quoted groups, to the quantification of the multimillion pound claim for a case heard by The Competition Appeal Tribunal and reported on a complaint heard by the Parliamentary Health Service Ombudsman
Share valuations
Shareholder, oppressed minority and matrimonial disputes
Share and business valuations on marriage breakdown including investigations of false accounting.
Joint appointments via ICAEW to value S459 exit shareholders stakes.
Party and joint instructions of companies with trades including property investment, cleaning, ducting, food importation and manufacture, transport, building, personnel, convenience food manufacture, agricultural consultants, scaffolding, electrical contractor, ladies fashion wear, aquatic lighting, mineral water, mortgage broking, prestige vehicles, caravan parks.
Consideration of remuneration, benefits, liquidity, capital raising and tax implications of disposal of shares between spouses and third parties.
Calculation of capital gains tax in relation to freehold property.
Partnership disputes
Quantifying partner shares and assisting in disputes including accountants, cricket ball manufacture, pubs, builders, doctors, takeaway restaurants, nursing home, home furnishings, music royalties.
Assessing the value of goodwill in partnerships.
Wrongful dismissal
Quantifying loss of earnings and pension rights.
Quantification of losses/loss of profits
Personal injury, Fatality and Clinical Negligence
Compilation of quantum in catastrophic injury, clinical negligence, fatality and lost dependency, pension loss, full special damage schedules including care and housing.
Calculating loss of earnings for a wide range of occupations including the armed forces, emergency services, builders, accountants, pop music manager, property developer and car dealer.
Calculating loss of pension rights for final salary schemes and personal pensions for the self employed.
Contract, Tort, Product Liability
Quantifying losses including:- breach of royalty agreement for US supplier, damage to hot air balloon, breach of royalty agreement for musicians, supply of under-performing equipment, mortgage disputes, breach of funding agreement by a Council.
Fraud/theft/false accounting/review of DefendantÚs means
I have acted for Defendants in the following:-
Theft and false accounting by Defendants employed in:-
Military Officers mess, pubs, banks, shops, bars, childrens nursery and a haulage driver.
Investigation of fraudulent insurance and DSS benefit claims.
Investigation of the legitimate earnings in respect of drug cases.
Acting for Defendants in income tax, VAT and excise duty frauds including the importation of alcohol, cigarettes and a taxi hire business.
Confiscation Orders
Reporting on Prosecutors statement and preparing Counter Schedules to assist in negotiations with both the Police and HMC&E.
Numerous investigations into DefendantsÚ legitimate earnings and assets including disproving alleged benefit of £450,000 for Internet café owner and £6 million to £1.5 million for school owner.
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TAE Accreditations
- Expert Witness
Qualifications
- Honours Degree in accountancy from the University of Kent (1984)
- Associate member of the Institute of Chartered Accountants (1991)
- Member of The Academy of Experts MAE (1998)
Expert Witness Snapshot
Richard is a Partner in Kreston Reeves LLP, Chartered Accountants, a top twenty five accountancy firm, which has over 500 staff, including more than 50 partners across 10 offices.Richard's experience includes over thirty years general practice accountancy work, preparation of financial and management accounts, financial, business, taxation and business advice for limited companies, partnerships and sole traders, covering a wide variety of trades and professions.
Since 1995, Richard has specialised in Forensic Accounting and Expert Witness services which are provided to solicitors, insurers, companies and others throughout the UK.
He has provided Expert Reports on Forensic Accounting matters in over 400 cases and given evidence in Court in civil and criminal trials on numerous occasions. His experience includes:
- Business valuations
- Fraud and financial crime
- Consequential loss
- Proceeds of crime recovery work
For full list please see detailed CV attached.