CASE STUDY Intangible Business Ltd Smallbone Brief Smallbone plc acquired Christopher Peacock Cabinetry Corp., a US-based manufacturer of premium kitchen cabinets and paint, for £7m in September 2008. Intangible Business was asked to value the intangible assets acquired as part of the business combination, under IFRS 3. Approach Intangible Business first identified the intangible assets to be valued which included four trademarks registered under the ‘Christopher Peacock Cabinetry’ mark, customer relationships with the retail trade, the forward order book, design rights, product trade names and residual goodwill. Following a detailed investigation it was concluded that customer relationships, contracts, design rights and other product trade names were not separable from the Chris

Join for free to read