Stock Compensation Valuations for Technology & Life Science Companies
Backed by deep sector expertise in technology and life science valuations in US and UK.
01 — About
A codon is the smallest unit that translates genetic code into a precise, functional outcome. That's the discipline we bring to valuation: taking complex financial, legal, and market inputs and translating them into a single, defensible number.
Codon Valuation Advisors is an independent valuation advisory firm focused exclusively on equity compensation valuations for technology and life science companies — IRC 409A reports for US private companies and HMRC-compliant EMI valuations for UK companies granting share options. Our clients range from pre-revenue biotech and clinical-stage companies to SaaS and deep-tech startups, and the multinational groups that span both.
Our team is built for this work: UK Chartered Accountants (ACA) and professionals holding the Accredited in Business Valuation (ABV) credential, issued by the American Institute of CPAs (AICPA) in the US, with a combined wealth of experience performing 409A and UK EMI valuations specifically for technology and life science businesses — complex cap tables, multiple financing rounds, IP-heavy balance sheets, and pre-revenue economics included.
Credentialed, sector-specific team. UK Chartered Accountants and US professionals Accredited in Business Valuation (ABV) under the AICPA, focused exclusively on technology and life science equity valuations — not general practitioners applying a generic template.
Fluent in pre-revenue & IP-heavy companies. Deep familiarity with clinical milestones, platform technology, multiple liquidation preferences, and other structures common to tech and life science cap tables.
Cross-border fluency. One engagement team that understands both IRC 409A / ASC 718 and UK EMI legislation, so multinational grants stay consistent.
02 — Services
Purpose-built for technology and life science companies — whichever side of the border your option pool sits on, we deliver a valuation your counsel, auditors, and tax authorities can rely on.
Independent fair market value determinations for US technology and life science private companies issuing stock options, satisfying IRC 409A safe-harbor requirements and ASC 718 financial reporting.
HMRC-compliant Actual Market Value (AMV) and Unrestricted Market Value (UMV) reports for UK technology and life science companies operating Enterprise Management Incentive schemes.
Coordinated valuations for technology and life science groups granting equity to both US and UK employees — one methodology, one engagement team, two compliant deliverables.
Why Codon
Every engagement is led directly by a credentialed partner — never handed off to junior analysts for the analysis that matters most.
Our reports are constructed to hold up under review from the IRS, HMRC's Shares and Assets Valuation team, and your auditors alike.
A clear, guided intake process keeps engagements moving — you'll have a draft conclusion in hand within 10 business days of kickoff.
One of the few firms delivering both IRC 409A and HMRC EMI valuations under a single, consistent methodology — not two disconnected engagements.
Scope and fee are agreed before any work begins, so there are no surprises when the invoice arrives.
03 — Approach
Every engagement follows the same disciplined sequence, run by our team of UK Chartered Accountants and US professionals Accredited in Business Valuation (ABV) under the AICPA — the inputs change, the rigor doesn't.
We gather cap table, financials, transaction history, IP/pipeline milestones, and option plan documents — scoped to a short, guided checklist built for tech and life science companies.
We apply market, income, and cost approaches as appropriate, allocating enterprise value across the capital structure.
You review a draft conclusion and methodology summary before the report is finalized — no surprises at delivery.
A signed, audit-ready report, plus support if auditors, HMRC, or the IRS have follow-up questions.
04 — Contact
Tell us a little about your technology or life science company and the grant you're planning, and our team of UK Chartered Accountants and US professionals Accredited in Business Valuation (ABV) under the AICPA will follow up with next steps and a fee estimate — typically within one business day.