Once your Goldseam asset profile has been completed and saved, you will be presented with this pop-up, from which you can make a start on your valuation by clicking "Start now"

Alternatively, you can Click "Purchase" alongside the Sollomon option on your Inngot dashboard

If you have a promotional code that you haven't used yet, you will be able to enter that on the payment screen, before reviewing the Sollomon terms and conditions and making payment.

Data on the ***Organisation*** tab will be pulled from your entries in the Goldseam asset profile platform. Review these entries and ensure the correct currency is selected.

The remaining tabs can be completed in any order. Once they are completed, a tick will appear alongside the tab title.

Each question heading is black until the questions and sub-questions have been responded to.

Selecting 'Yes' to the primary question will often open access to additional sub-questions.  

In the ***Investment*** tab, let us know what has been spent on IP development, whether it has spent internally or externally, capitalised or expensed.

R & D tax credit claim information goes in question 5 . Be sure to enter what you were eligible to claim and not what you received, as these may not necessarily be the same figure.

Organisation

Investment

History

Forecast

Governance

Section A: Your investment in your IP

In this section, please provide details of what you have spent on developing the IP described in your Inngot profile, and what accounting treatment you have applied to it.

Q1. Bought-In IP

Use this question to record IP costs relating to purchases from third parties. Under standard accounting rules, these are normally shown as intangible assets on your balance sheet. Please exclude any ‘goodwill’ relating to these purchases.

1a.

Was any of your IP bought outright from a third party?

Yes
No
1b.

Enter the amount(s) originally paid for this IP.

(Enter relevant amounts by year. Enter the amount spent, not the current amortised value. If you did not incur IP purchase costs during any period shown, just leave that field blank. Use the field on the far right to record the total of any purchase costs that are more than three years old - but only if these are still shown on your balance sheet).
Last complete year
One year prior
Two years prior
Older
1c.

Do all of the figures above exclude any 'goodwill'?

Yes
No
Q2. Capitalised IP developed in-house

Some forms of in-house IP development can be recognised on your balance sheet. Use this question to record any capitalised costs associated with IP developed by you.

2a.

Do your accounts contain capitalised R&D expenditure?

Yes
No
Q3. In-house IP development that has been expensed

You are likely to have internal expenditure relating to IP development which has been expensed through your profit and loss account rather than capitalised (for instance, payroll costs). Please enter these costs here.

3a.

Do your accounts contain in-house development expenditure which has been expensed (such as payroll costs)?

Yes
No
3b.

How much internal development expenditure has been incurred in creating this IP?

(For best results, provide figures for each of the last three years. If you did not incur development-related expenses during any period shown, just leave that field blank. U

In the ***History*** tab, non-revenue generative companies can select 'No' to the first question and indicate when they anticipate generating revenue in the following drop-down box. Making this selection will impact where your forecasts will begin later on in the ***Forecast*** tab.

Organisation

Investment

History

Forecast

Governance

Section B: Historical Performance

Use the three questions in this section to provide details of your company's historical trading performance to indicate the proportion of your income and costs that are attributable to the IP you have profiled, and to characterise your customer base

Q6. Total company incomes

In this question, provide information on the total income currently being generated by your entire business - not just that related to the IP you have profiled. If your company has been generating revenue for less than three years, fill in the most recent years first.

6a.

Did your business generate income in its last financial year?

Yes
No
6d.

If 'no': when do you expect to start generating income?

Next but one financial year
Perform Valuation

Selecting 'Yes' will reveal additional questions requiring completion. Question 6 concerns the business as a whole, while the remaining questions in this section focus on the IP you're valuing. **Select the ? icon if you're unsure about what information you need to enter.**

Organisation

Investment

History

Forecast

Governance

Section B: Historical Performance

Use the three questions in this section to provide details of your company's historical trading performance to indicate the proportion of your income and costs that are attributable to the IP you have profiled, and to characterise your customer base

Q6. Total company incomes

In this question, provide information on the total income currently being generated by your entire business - not just that related to the IP you have profiled. If your company has been generating revenue for less than three years, fill in the most recent years first.

6a.

Did your business generate income in its last financial year?

Yes
No
6b.

If 'yes', enter the following information for each of your last three financial years (or as many of them as apply): turnover, gross profit and EBITDA

Last complete year
One year prior
Two years prior
Turnover
Gross Profit
EBITDA
6c.

As of today what are your total cash holdings

Q7. Income attributable to the IP

In this question, base your answers solely on the contribution this IP makes to the incomes entered at Q6 above.

7a.

How long ago did you introduce this IP to the market?

4 Years
7b.

Have you implemented major technical or functional upgrade(s) to your IP since its introduction to the market? (Do not count routine maintenance)

Yes
No
7c.

Please indicate how long ago this upgrade was introduced:

1 Year
7d.

Are the assets you have profiled already contributing to your organisation's turnover?

Yes
No
7e.

What percentage of your turnover is directly related to this IP registration?

Last complete year
One year prior
Two years prior
91 - 100%
91 - 100%
91 - 100%
7f.

How much was spent in the last complete year on marketing and legal costs relating to this IP?

7g.

What were the last complete year's operational costs directly related to the delivery of products and services based on this IP?

Q8. Market sector split

Use this section to characterise the spread of usage associated with your

You will need to enter at least three years-worth of projections in question 9 of the ***Forecast*** tab. Do not leave any fields blank. Be sure the enter zeros where projections are not to be entered, and select 'None' from associated drop-down boxes.

You can indicate how much of your projected turnover is guaranteed with existing contracts in question 9a, and how much it is anticipated will be generating through licensing in question 9b. 

Click on the ? icon for more guidance regarding contracting and licensing definitions.

When completing question 11, the lifespan of your IP should reflect the remaining useful life of your IP as it currently stands, before it will require expire or require significant development. The peak revenue year you enter should be realistic period of time that is **shorter** than the lifespan you select. 

The ***Governance*** tab consists of a series of Yes/No questions that allow you to highlight administrative issues impacting your IP. Once again, selecting 'Yes' may reveal some additional questions requiring completion.

Once each tab has been completed, the 'Perform valuation' button located at the bottom of the screen will turn blue and you will be able to select it. You will immediately receive your unverified valuation report. This report will be reviewed by our Moderation team, who will get in touch with your feedback within 2 working days.

Organisation

Investment

History

Forecast

Governance

Section D: Governance

These questions highlight issues that may affect the transferability, and therefore the realisable value, of your IP.

Q12. Terms and conditions of employment

Answer yes or no to the following:

12a.

Do all key staff (including directors) have employment contracts or service agreements?

Yes
No
12b.

Do all these contracts or agreements contain confidentiality provisions?

Yes
No
12c.

Do all these contracts or agreements contain an automatic assignment of all IP to the business?

Yes
No
12d.

Do all these contracts or agreements contain non-compete clauses in the event of termination of employment or service?

Yes
No
Q14. Licence requirements

Your IP may be reliant on licenced processes, software or other technology originating from third parties. Answer yes or no to the following:

14a.

Are your products or services reliant on proprietary systems, software or processes that require licences to be held?

Yes
No
14b.

Are these licences up to date?

Yes
No
14c.

Do any of these licences have a requirement for you to share enhancements you may make with the supplier?

Yes
No
Q15. Documentation

Your IP will not be transferable if it is entirely linked to 'know-how' of individuals

15a.

What phrase best describes how well your IP is documented?

Well documented, regarded as proprietary
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