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A leading independent firm of chartered accountants and tax specialists, based in two prime locations, just thirty minutes from London, in Essex, Chelmsford and Stansted

Why choose Bird Luckin

Loss of profits claim following an accident - Forensic Accounting case study

We were asked by instructing solicitors to advise on the potential loss of profits suffered by a young farmer following a motor cycle accident.  The injuries suffered were such that he was unable to look forward to taking the farm over from his father in due course.

The farm had rudimentary records and had prepared no recent accounts. We prepared pro-forma accounts using the records available and sector knowledge to fill in the gaps, together with projections forward, enabling us to calculate a level of profits that the farmer would forgo. 

This was used as the basis for a claim against the other part in the accident.  The matter was settled out of Court following agreement on the conclusions we had reached between ourselves and the financial expert acting for the defendant.