Asset Search – Reveal an individual or company’s true financial situation and net worth
It is true to say that a number of people are not transparent and aim to hide assets from business associates, relatives and partners for the simple fact that they worry that the same assets will be ceased if there is financial fallout within a business or indeed separation and divorce settlements.
Why does the need arise for an asset search?
This can be something as simple as your business partner omitting to divulge information on a property purchased or perhaps using related party transactions between their company and another business, they control to move money to where they think it can’t be traced. In some cases, people set up companies in order to funnel money out via dividends or similar director perks. Offshore bank accounts or holdings are often used to keep money out of the tax man’s hands but equally could also be keeping a former spouse in the dark or a business that has been defrauded. Assets are likely to be concealed for tax purposes or other financial reasons.
For whatever reason the Proactive Investigations asset search service is available for individuals and businesses to help demonstrate the financial profile of an individual or entity. Working along side you and your legal team we will plan a thorough investigation, collating facts and provide both court evidence and full report to support your claim.
The reporting structure will allow us to locate physical and financial assets presenting evidence of investments, acquisitions, ownership and partnerships. The results of which will conclude if the individual or company has anything of value prior to expensive litigation procedures.
Asset and trace investigations that include but are not exhaustive of our service:
- Asset and investment tracing
- Finding hidden assets
- Proof of land, property and asset ownership
- Mapping of front companies and tax shelters
- Tracing chains of ownership and paper trails
- Expert assessment of individual worth and resources
- Global reach and resource
How do we track down hidden assets?
Administering an asset check is essential to track down the many different ways individuals or companies try to conceal their assets.
Investigations commence with a full background check. A large proportion of information is already available in the public domain such as land registry and vehicle license register and more can be obtained by utilising paid for services. The critical part is following up the information and detailing this in a systemised manner. Taking note of the small print in accounts transactions is of critical importance to pull out key data of techniques used to transfer assets. Digital online searches and investigations can also reveal a whole host of information for both companies and individuals.
Why you should conduct an asset search/trace before litigation?
The whole litigation process is timely and costly. You may at the end of it win your case but if the other party doesn’t have the assets or means to settle you will be at a loss.
The asset trace and search report we can provide will contain hard evidence for presentation to courts but will equally provide you with the knowledge and confirmation if they have the money to settle your claim.
If the process determines there are no hidden assets then it will save you money on progressing with potential litigation spend, however, if we should reveal hidden assets to you throughout the process you have the information to work towards having these frozen.