CASE STUDY Intangible Business Ltd KBC Brief Intangible Business was approached by KBC Business Capital, the Belgium-based bank, to value the intangible assets and inventory attached to Burn Stewart Distillers Ltd’s business and to offer an opinion of value to provide an integrated asset based lending refinancing package and new banking facilities. Burn Stewart Distillers owned and markets a number of whisky brands internationally and required the investment to support the growth aspirations of the company. Approach Intangible Business valued the premium single malts brands Bunnahabhain , Tobermory and Deanston alongside the mainstream blended brands Scottish Leader and Black Bottle. Intangible Business also valued the significant volume of Scotch inventory which supported the bra

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