Valuation of unquoted companies


information systems

Angela Hennessey

Angela Hennessey FCA FCIArb founded her valuation consultancy in 2002.

She qualified as a Chartered Accountant in 1982 with Ernst & Young in London. Post qualification, she gained several years’ corporate advisory and litigation support experience before specializing in the valuation of shares and businesses. As a director at Ernst & Young she had responsibility for a number of high profile assignments. She was recruited by Coopers & Lybrand Corporate Finance in early 1991. After a career break she worked as a consultant to a medium sized firm of chartered accountants as their valuation specialist and was subsequently in partnership with specialist valuer Christopher Glover.

Other professional qualifications and society memberships

Angela Hennessey is a Chartered Arbitrator and Fellow of the Chartered Institute of Arbitrators. She is a Council Member of the Society of Share and Business Valuers, a founder member of The Expert Witness Institute and a member of the Academy of Experts.

Related relevant experience and appointments

Angela Hennessey has been appointed on many occasions by the President of the Institute of Chartered Accountants to act as the expert in determining valuation/buy-out disputes. In 2004 she was appointed to a panel of six independent experts to act as expert for the Inland Revenue in relation to complex tax valuation cases that might go to litigation. She is a panel member (one of eight members) of the Accountancy Arbitration Panel administered by the Chartered Institute of Arbitrators. She is also a member of a panel of adjudicators administered by the London Court of International Arbitration (LCIA) to adjudicate disputes arising from certain aspects of a banking operation. She has acted twice as a referee for the Research Board of the ICAEW. She was consulted by the Law Commission on proposed legislation concerning shareholder remedies and on partnership law in relation to valuation issues (Partnership Law: Joint Report Law Com No 283/Scot Law Com No 192). She was the only named accountant/accountancy firm or valuer to have been consulted by the Law Commission in relation to the valuation of partnerships.


She has written three Bulletins for Christopher Glover's loose-leaf text book on Valuation of Unquoted Shares published by Gee & Co. These were:

Conflicts of Interest, Independence and the Valuer (October 2003);

The Equity Risk Premium (October 2002); and

Minority Rights - The 'Unfairly Prejudicial Conduct' Remedy (February 2002).

contact details

Angela Hennessey:

35 Carbery Avenue
W3 9AD

Telephone: +44 (0) 20 8993 8138

Angela Hennessey - valuation of unquoted  shares

Contact us

Call 020 8993 8138 for an informal discussion with a valuation specialist or
see contact details

© Angela Hennessey 2004-2010
tel: +44 (0) 20 8993 8138 | email:

Dispute resolution | Independent expert | Commercial valuations | Tax valuations
Employee shares | Matrimonial | Fiduciary valuations | Intellectual property