My vision for Formby Forensics is a bespoke Expert Witness and Expert Advice service offering hands on high quality forensic accountancy service.
We do not offer a ‘factory forensic accountancy’ service , bulk contract work or a ‘one size fits all’ approach. The work is not undertaken by ‘support staff’ and ‘fronted’ by an expert….
If I take your (client’s) case on, it will be handled by me from start to finish. Your case will get my attention, energy and professional expertise – at every stage.
You’ve worked hard to get your client’s business and trust – my service compliments the effort you put into your work.
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A proactive expert prompt attention and turnaround of reports and queries
Over 30 years experience as an Expert Witness, I produce high quality reports on a range of scenarios
Always happy to give initial thoughts and advice on evidence and approach to loss quantum
Acting as your agent, as Expert Adviser, we can prepare calculations & schedules quantifying Loss of Earnings / Profits, Pension & Employment Benefits. We take the strain out of formulating the financial claim !
Over 30 years experience as a Forensic Accountant, Expert Witness and Adviser on Loss Quantum, Consequential Loss, Valuation and related Litigation & Dispute matters
Main workload involves dealing with loss quantum in injury, fatality & clinical negligence claims as well as business disputes & interruption claims, matrimonial finance matters, professional negligence and consequential loss
Instructed on behalf of Claimants & Defendants or Jointly
Fellow of the ICAEW and for 25 years a practising member of the Academy of Experts
Experienced at giving evidence in Court (Crown Court, County Court, Mercantile Court and High Court) and in ‘Hot Tubbing’
•Frequently called in to advise on complex injury cases where previously successful injured parties / deceased were involved in changes to their business/career
Also deal with more ‘straight forward’ type quantum matters including – Earnings Loss, Pension and Employment benefit calculations. Happy to do the ‘numbers work’ for the solicitor, leaving them to focus upon legal and case management issues
"We instructed Richard Formby as an expert witness in a complex claim in the Hong Kong High Court for a medical negligence fatality suffered by a UK national undergoing treatment in Hong Kong.
Richard provided a highly professional service, very clear expert’s report and all delivered from across the World.
An approachable forensic accountant that delivers”
“In every one of these cases, whether five, six or seven figures, Richard has been energetic, positive, and assiduous in his analysis.
Often by working directly with clients, he analysed and explained complex issues with lucidity and even touches of creative genius.
He has been, and remains, the 'go to' man for many of the solicitors with whom I work, and given the choice in a crowded marketplace, I will always recommend him. ”
“I confirm that Counsel has now had an opportunity to review your report and has advised that...
it is probably the best quality one I’ve seen and I’ll be recommending Richard Formby to others. He appears to have taken into account all the relevant points ”
“Richard provides not only an excellent Expert Witness service, but is also invaluable as an Expert Adviser.
He works in a constructive way, providing helpful assistance with obtaining and analysing financial evidence for those injured claimants with businesses and others with less ‘straight forward’ financial affairs. ”
“I have no hesitation in recommending Richard Formby to clients in heavy cases with complicated accountancy issues.
Richard is extremely thorough and quickly penetrates to the heart of the issues, bringing a highly creative and constructive approach to the formulation of a sound basis for assessing business losses. ”
“Richard is by far and away the most 'hands on' expert witnesses you will encounter. From initial instruction, he clearly relishes rolling up his sleeves and getting to the heart of the issues in the case.
Insightful, pragmatic, unflagging and courteous, clients and counsel warm to him quickly.Pitched regularly against the large national forensic teams, Richard is clearly a much respected opponent and, with considerable experience of giving evidence in Court, if the case does litigate it is reassuring to have Richard in your corner. ”
Forensic accountancy expert evidence is a valuable litigation tool which, once deployed in the cost-conscious litigation arena, has to be carefully managed in order to achieve maximum impact at a proportionate cost. Good communication – Read more…
Off-payroll working – Big Change from 6 April 2021. If you have an Injury or Fatality claim involving someone who used a Limited Company structure for their business trade – then their loss quantum may Read more…
Traditionally (well from the 1990’s) forensic accountants were used to present the trickier salary and profits losses for injured Claimants and fatality claims as Expert Witnesses. However, over ‘recent’ years – well around 10 in Read more…