Defensible loss modelling
that withstands challenge.
Key Ledgers reconstructs pre-interruption financial performance and produces defensible quantum reports for insurance claims and civil litigation.
Loss that stands up to the insurer's expert.
Business interruption claims turn on the counterfactual - what the business would have earned had the interruption not occurred. We reconstruct pre-interruption performance from primary records and model the loss on a basis that is transparent and defensible.
Every quantum report is prepared as an independent expert under CPR Part 35, written to withstand challenge from the insurer's own appointed accountant.
Discuss an InstructionQuantum that survives the other side's scrutiny.
A business interruption figure is only as strong as the assumptions behind it. We set out the basis of calculation clearly so the loss can be tested, defended and relied on - whether the claim settles or proceeds to a contested hearing.
Reconstruction of trading performance from management accounts, statutory accounts and underlying records to establish a reliable pre-interruption baseline.
Modelling of the financial position the business would have been in absent the interruption, including trends, seasonality and market factors.
Analysis of the loss against the indemnity period and policy terms, identifying the recoverable loss and addressing the insurer's position.
CPR Part 35 compliant quantum reports, joint statements with the opposing expert and oral evidence where the matter proceeds to a hearing.
Business Interruption Quantum Dispute
Reconstruction of pre-interruption financial performance and defensible loss modelling used to support a six-figure insurance recovery. The report withstood challenge from the insurer's own appointed accountant and the basis of calculation was accepted.
"Bharat provided clear and well-reasoned forensic accounting analysis... His work was instrumental and proved valuable in supporting the legal arguments advanced in the proceedings."
Andrew Barns-Graham, Barrister, 3 Hare CourtBharat provided clear and well-reasoned forensic accounting analysis. His work was instrumental and proved valuable in supporting the legal arguments advanced in the proceedings.
Andrew Barns-GrahamBarrister, 3 Hare CourtInstructions
Practice
Expert
Business interruption questions answered.
If your question is not covered below, contact us directly and we will respond the same working day.
- The loss is the difference between the financial position the business actually achieved and the position it would have achieved had the interruption not occurred. We reconstruct the pre-interruption baseline from primary records, model the counterfactual taking account of trends and market factors, and set the loss against the relevant indemnity period and policy terms.
- We accept instructions from policyholders, insurers and their legal advisers. As an independent expert our primary duty is to the court, and our analysis is prepared to the same standard whoever instructs us.
- Our reports are written to be tested. We state the basis of calculation, the assumptions relied on and the records used, so the figure can be defended in correspondence, in a joint statement with the opposing expert, and in oral evidence if the matter proceeds to a hearing.
- Timelines depend on the complexity of the business and the completeness of the records. We agree a realistic timetable at the outset and work to any court or policy deadlines. Urgent instructions can be accommodated where capacity allows.
- Yes. All quantum reports are prepared to comply with CPR Part 35 and the accompanying Practice Direction, including the required declaration and statement of truth, with the expert's duty to the court overriding any duty to the instructing party.
Breach of contract, shareholder disputes, loss of profits and quantum across commercial litigation.
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Tracing misappropriated funds and hidden assets through complex financial structures.
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Preferences, transactions at undervalue and misfeasance analysis for officeholders and Counsel.
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We respond to all enquiries the same working day. Instruction details are treated as confidential from the first contact.
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The Counterfactual: How Business Interruption Loss Is Really Modelled
Why the pre-interruption baseline decides the claim, and the assumptions an insurer's accountant will test first.
Indemnity Periods and the Limits of a BI Claim
How the indemnity period shapes the recoverable loss, and where policyholders commonly lose value.
CPR Part 35: What Makes Forensic Accounting Evidence Stand Up
The duties, declarations and reasoning that make an expert report admissible and persuasive.