Many major UK companies are undervaluing their most important asset, claims IDM Data Council
Released 02 October 2006: The IDM Data Council claims that most UK companies don't know the true value of their database - nor how to gain the full tax advantages from this, potentially their most important asset. To explain, the Council has devised a unique central London event to show Finance and Database Directors how to extract more value and greater revenue opportunity from their database.
Sponsored by Broadsystem and Blue Sheep Ltd., Valuing Your Database on 17 October brings together speakers from the highest levels of database management, valuation consultancy and intellectual property and tax law. Together they will focus on the importance of databases, how their value should be assessed, why companies typically undervalue their database and the consequences of this on on the balance sheet and on business performance. The event will go on to describe how substantial tax benefits can be derived through the correct structuring of databases as intellectual property and an intangible asset.
The event will be chaired by Iain Lovatt M IDM, Chair of the IDM Data Council and founding partner of Blue Sheep Limited. Speakers and sessions are as follows:
David Evans, Database Director, Informa UK Limited
"The company database – what’s it worth?"
Kelvin King, Managing Director, Valuation Consultancy
"Valuation of Customer Intangibles including Databases for Commercial and Tax Purposes"
Larry Cohen, Partner and Guy Madewell, Director of Taxes, McDermott Will & Emery UK LLP
"Intellectual property rights – making the customer database the new tax efficient asset"
IDM Data Council Chair, Iain Lovatt says:
"There seems to be an inverse relationship between the ease of data acquisition and the value business place on it. Because it’s easy people don't value it - yet the reverse is true. And because the data is now shared on the network and no single source of information is identifiable, that causes the company concern, so the value is diminished in the eyes of the accountant. We need to get the value of the insight and business benefits back on the board room agenda by asking how long a business would survive without its customer database?"
Full details of the event, presentations and speakers can be found at www.theidm.com/dbv.
Notes to Editors
For more information contact Juliet Hilditch at juliethilditch@theidm.com.
