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Aviation industry demand for pilots
In 2003, the government proposed to significantly reduce the number of students it would subsidise to complete pilot (fixed wing and rotary) training. Burleigh Evatt was commissioned by the Aviation Industry Association to develop a forecast model of the demand for and supply of commercial pilots in New Zealand over the next few years. The model was used to identify the number of pilots that should be trained and the resultant number of equivalent full-time student positions that should be funded. The forecast model we developed confirmed that in 2003 more pilots had been trained than was required. However, the proposed government cap on the number of funded pilot trainee positions would produce a shortfall in 2004. Further, the shortfall is likely worsen in subsequent years unless the cap is increased. Read report>>>
Textile, clothing, footwear & carpet industry development
In June 2001 Industry New Zealand (now part of New Zealand Trade & Enterprise) commissioned Burleigh Evatt and NZIER to investigate the textile and clothing industry. Part of the brief was to identify a model for development of customer-focused industries. This entailed applying flexible production theories of economic development in a fragmented industry setting. Read report >>>
In September 2002 the Conveners of the TCFC Partnership released their draft strategy for the industry. Burleigh Evatt was adviser to the Conveners and the six working groups that contributed to the draft strategy. Read report >>>
Part of our advice related to the purpose, rationale and organisational arrangements for a new industry collective organisation. Read report>>>
Visit the Textiles NZ website>>>
Māori incorporations amalgamation
The Atihau-Whanganui and Morikaunui Incorporations between them own 113,000 of farm land in the central North Island. Burleigh Evatt was engaged by the Incorporations in a joint mandate to advise on their proposed amalgamation (merger). Read more >>>
Why is business valuation necessary?
The value of ownership interests in unlisted companies cannot be observed because there is no active market from which to obtain estimates. It is necessary to make inferences of equity value from relevant related markets. A business valuer should have the skills and experience to see deeper than the numbers, and clearly communicate the valuation purpose and the basis upon which the valuation opinion is built. Read more>>>
Valuing distressed firms
Distressed firms are those with negative earnings or high debt obligations that are exposed to a high likelihood of failure. Such firms present a challenge in business valuation because conventional valuation methodologies are built on a going concern assumption. The high rates of return earned in leveraged buy-outs are a clue to the abnormal risks entailed in highly-leveraged situations. It is well known that as financial leverage rises the costs of debt and equity capital climb reflecting the high costs associated with financial distress. The practical implications of high financial leverage in business valuations are explored in this piece. Read more>>>
Illiquidity, marketability and control
Liquidity and control entail rights. The value of such rights is usually assessed in relation to uniform average values, however experience shows that the values are not uniform in all circumstances. When the value of such rights is material they may be assessed by option valuation techniques. This piece explores considerations associated with determining the value of liquidity and control in business valuations. Case study>>>
Optimal capital structure
An optimal capital structure analysis determines the amount of capital required to maximise the value of the business.This piece outlines an approach to determining a value-maximising capital structure and financial policy. Read more>>>
Economic benefit appraisal tool box
Burleigh Evatt was commissioned by New Zealand Trade and Enterprise to prepare guidelines for appraising economic benefits of major economic development projects, including those where funding is requested under the Regional Partnership Programme (RPP). Read more>>>
A great disturbance in the force
It is not a simple thing to quantify the benefits from economic development projects. Unless the benefits can be reliably and credibly quantified and measured using generally accepted methods it may be better not to attempt quantitative analysis. Much of what passes for economic benefit analysis confuses economic impacts with economic benefits. What’s the difference? Read more>>>
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