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Independent Evaluator Reports

Independent Evaluator Reports for connected-party pre-pack transactions

If you are acquiring a business from administration as a connected party, you may need an Independent Evaluator Report.

These transactions are time-sensitive and often need to complete quickly.

Branta provides clear, practical reports grounded in corporate finance and restructuring experience.

Since 2022, we have completed 33+ Independent Evaluator Reports.

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What is an Independent Evaluator Report?

An Independent Evaluator Report is required under the Administration (Restrictions on Disposal etc. to Connected Persons) Regulations 2021.

If a company proposes to sell assets to a connected party within 8 weeks of administration, the purchaser must obtain either creditor approval or an Independent Evaluator Report.

In practice, most transactions proceed using the evaluator route.

The report provides an independent opinion on:

  • whether the consideration is reasonable; and
  • whether the grounds for the disposal are reasonable.

When is an evaluator report required?

You will typically need a report where:

These situations are often time-critical, with completion timelines measured in days rather than weeks.

Our role

Branta acts as the independent evaluator.

We review the proposed transaction, assess the consideration and rationale, analyse supporting information, and provide a formal written opinion in line with the regulations.

Our focus is not just compliance — it is providing a clear, defensible and commercially grounded view.

Typical information reviewed

  • background to the administration and proposed sale;
  • financial information and trading history;
  • valuation evidence and marketing activity;
  • details of the proposed consideration; and
  • transaction rationale and supporting documents.

If helpful, we can share a short information request list at the outset.

Request checklist

Commercial perspective, not just process

Most evaluators approach this work from a purely insolvency or procedural angle.

Branta brings a corporate finance and restructuring perspective.

You are not just getting a report. You are getting a view from someone who understands the deal.

Established and active in the market

Since 2022, Branta has completed 33+ Independent Evaluator Reports.

This is a repeat, established area of work — not occasional or incidental.

We are regularly instructed in director-led buybacks, connected-party pre-packs and rescue transactions preserving trading continuity.

33+

Independent Evaluator Reports completed since 2022

Based on completed engagements since 2022.

Across a range of SME sectors and transaction situations.

Sector experience

Branta has worked across a broad range of SME sectors, including:

Simple, clear and fast

The process is straightforward.

01

Initial call

We confirm scope, timing and whether the transaction falls within the regulations.

02

Information request

We issue a practical list of documents and information needed to prepare the report.

03

Review

We review the transaction, ask follow-up questions and assess the commercial rationale.

04

Report issued

We issue the written report, usually working alongside the IP and legal advisers.

Timing and fees

Most work is delivered on a time-critical basis, and we structure our process accordingly.

  • Typical turnaround: 24–48 hours, depending on complexity and information availability.
  • Fees are fixed and agreed upfront.
  • An example report can be made available on request where appropriate.
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Built for professional referrals

A significant proportion of this work comes via insolvency practitioners, lawyers and restructuring advisers.

When you introduce a client, your reputation is part of the equation.

Our job is to communicate clearly, move quickly and deliver a report that supports the transaction properly.

Speak to us

If you need a report, it’s worth speaking early

These situations move quickly.

A short conversation can confirm whether a report is required, what information is needed and how quickly it can be delivered.

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