Case Studies
We have been privileged to have been instructed by our clients on a number of notable cases. Below are a selection of case studies to demonstrate a flavour of our work.
Datasat Communications Limited
Purpose
Professional Opinion
Sector
Satellite Transmissions
Task
Asset Valuation for Insolvency
Location
United Kingdom
The professional opinion process for Datasat Communications involved a thorough and objective assessment of its assets and market position. At Wyles Hardy & Co, we pride ourselves on delivering clear, well-informed advice to support stakeholders in making confident decisions. – Mark Edmunds, Director of Wyles Hardy & Co.
Overview
Wyles Hardy & Co were engaged by Mazars LLP to provide valuation services for Datasat Communications Ltd., a satellite communications company in administration. Located at the historic Brookmans Park Transmission Station, Datasat’s assets included a complex antenna farm, a baseband room, a network operations centre, and intellectual property associated with IoT (Internet of Things) device development. These assets primarily supported secure backhaul services for critical communications.
Method
The Wyles Hardy team conducted a detailed asset appraisal, including specialised antennas like the 9m Andrews auto-tracking dish, and the network operations infrastructure central to Datasat’s services. Given the unique technical environment and asset base, we collaborated with in-house technical teams to ensure a precise valuation reflective of the satellite communications industry’s standards. Our valuations addressed the functional and resale value of equipment used in critical backhaul services, essential for secure communications. Intellectual property, particularly concerning an IoT edge device, was separately appraised for its market potential in emerging technologies. Valuations were conducted swiftly, with immediate reporting to the administrators to inform ongoing negotiations. This timely approach allowed the joint administrators to evaluate potential sales options quickly and confidently.
Results
- Antenna Farm Valuation: Provided a market-aligned valuation for high-specification antennas, facilitating rapid decision-making in asset negotiations.
- Network Operations Centre: Valued core infrastructure assets accurately, supporting a smooth and transparent sale of operational technology.
- Intellectual Property: Delivered strategic valuation advice for the IoT device IP, allowing administrators to explore targeted sales opportunities within tech and satellite markets.
Conclusion
The Datasat Communications Ltd. case highlights Wyles Hardy’s ability to deliver specialised valuation services in niche technology sectors, ensuring accurate appraisals for assets critical to secure communications. Our technical understanding and swift reporting allowed administrators to proceed confidently with sales negotiations, optimising outcomes. By carefully evaluating complex assets and IP, we supported a targeted approach that aligned with industry interest and asset demand. This case underscores the importance of technical expertise in asset valuation for niche industries, especially in facilitating rapid asset realisation during insolvency. Wyles Hardy’s methodical approach and efficient delivery proved instrumental in enabling a timely and successful resolution for the administrators.
