Intangible assets are non-physical resources that hold value for a company but lack a physical presence. They can contain a range of elements. At EverEdge, we split them into 12 distinct groups: relationships, confidential information, industry expertise, design, approvals & certifications, plant varieties, content, invention, brand, software, network effect and data. Companies may have one or a mix of these assets. Intangible assets are vital parts of a company’s competitive advantage, revenue generation and long-term success. While intangible assets are not easily quantifiable, their significance lies in their ability to enhance market positioning, attract and retain customers, differentiate from competitors and drive financial performance. Accurately valuing intangible assets is vital for strategic decision-making, resource allocation, maximising shareholder value and preparing the business for a potential sale.
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