UAB "Kovertas" was founded in 2006. The company provides the highest quality, licensed services of valuation of immovable
and movable property as well as business valuation services throughout Lithuania. At present, the company has five branches
in Vilnius, Kaunas, Klaipėda, Alytus and Tauragė. Our employees have more than 20 years of professional experience. Our
long-term work experience and continuous professional development ensure the highest quality of services we provide and allow
us to perform the tasks given to us by our customers in a professional and prompt manner. UAB "Kovertas" has been entered on
the List of Persons Entitled to Engage in External Valuation of Property or Business (certificate No 000053, issued on
31-07-2012 by order of the Director of Property and Business Valuation Oversight Agency No B1-38). The company's professional
activities are covered by compulsory civil liability insurance. The asset and business valuation activities, the quality of
assessment and the supervision of property or business valuers, property and business valuation companies as well as public
rights and their legitimate interests in Lithuania are carried out by the Authority of Audit, Accounting, Property Valuation
and Insolvency Management under the Ministry of Finance of the Republic of Lithuania. The valuation activities are also
supervised by the Bank of Lithuania.
Property and business valuation is carried out in accordance with the Law on the Bases of Property and Business Valuation of the Republic of Lithuania, the Property and Business Valuation Methodology, the Code of Professional Ethics for Property or Business Appraisers as well as other valid legal enactments valuation of regulating property and business in the Republic of Lithuania. We act in compliance with International Valuation Standards (IVS) and European Valuation Standards (EVS), approved by the European Group of Valuers' Associations TEGoVA.
Our experts carry out expert study of immovable and movable property. Compared with the expert's conclusion, an expert study requires deeper special knowledge, education and special preparation or professional activity; it may be more complicated in terms of quality of performance and scope. The long-term work experience in the field of valuation of property allowed our experts to accumulate and use professional knowledge in the preparation of forensic examinations. Court experts carry out expert studies in cases of property reclamation, collection of assets for public needs, within the cases of defence of public interest, establishment of damage made to property and other cases. Our experts prepare neutral and impartial conclusions (expert study reports) throughout the territory of the Republic of Lithuania in accordance with the decisions of the courts of the Republic of Lithuania as well as the orders of pre-trial investigation institutions or bailiffs. The expert study eports are prepared in accordance with the Law on the Forensic Examination of the Republic of Lithuania, the Civil Code of the Republic of Lithuania, the Code of Civil Procedure of the Republic of Lithuania, the Criminal Code of the Republic of Lithuania and the Law on Bailiffs of the Republic of Lithuania.
Analysts of UAB “Kovertas” prepare specialized market research and feasibility studies according to individual needs of each customer. We can carry out real estate feasibility studies, project analysis, business plans, project concepts, financial analysis, studies of separate real estate segments, pricing and marketing plans, investment memorandums and project sales materials.
The quality of the services provided by the company is trusted by financial institutions (banks and leasing companies), major local and foreign companies, medium and small businesses, investment funds, state-owned enterprises and private customers. The property and business valuation reports of UAB “Kovertas” are recognised by AB SEB bank, Swedbank AB, Luminor Bank AB, the Lithuanian Branch of Danske Bank A/S, bank Šiaulių bankas AB, Citadele Bank AB as well as credit unions operating in Lithuania. In order to gain added value for you and your customers, we will be your business partner for whom each customer is exclusive.