In valuation and asset advisory, trust is everything. Often, decisions are made under pressure, with financial, legal, and regulatory consequences attached. For insolvency practitioners, lenders and business owners alike, the accuracy and credibility of a valuation can materially influence outcomes.
That is why professional accreditation matters, and why RICS regulation remains a cornerstone of how we operate at JPS Chartered Surveyors.
We are pleased to confirm the annual renewal of our RICS Regulated firm status, alongside the continued RICS membership and RICS Registered Valuers accreditation of our three Directors. Importantly, this renewal reinforces our ongoing commitment to professional standards, compliance, and accountability across all valuation and advisory work.
What is RICS & Why is it Important
The Royal Institute of Chartered Surveyors (RICS) is the internationally recognised professional body that sets, monitors and enforces standards within valuation, surveying, and asset-related disciplines. In the UK, the RICS Valuation – Global Standards (“Red Book”) is the only formally regulated valuation standard.
RICS regulation is designed to protect clients, stakeholders and the wider market by ensuring that firms and individuals:
- Act ethically and independently
- Follow recognised valuation methodologies
- Maintain transparency and objectivity
- Are accountable for the advice they provide
- Provides protection for client funds help
In practice, this means that RICS-regulated firms operate within a clearly defined professional framework, rather than relying on subjective judgement or informal processes.
What It Means to Be Regulated by RICS
Being “Regulated by RICS” is not just a badge; it is a formal, monitored, and enforceable commitment to global professional, ethical and technical standards. It places obligations on the firm as a whole, not just the individual surveyors.
As a firm regulated by RICS, JPS Chartered Surveyors is subject to ongoing oversight and professional obligations. These extend beyond individual valuations and cover how the business operates as a whole.
This includes:
- Compliance with RICS Valuation – Global Standards
- Adherence to RICS Codes of Conduct
- Fulfilment of Client money handling rules
- Robust complaints handling procedures
- Appropriate professional indemnity insurance
- A commitment to continuing professional development
For clients, this provides reassurance that valuations and advisory instructions are produced within a structured, regulated environment, particularly important where reports may be relied upon by insolvency practitioners, courts and other third parties.
JPS Chartered Surveyors is audited, monitored, and held accountable to RICS standards.
Our RICS-Qualified Leadership Team
In addition to firm-wide regulation, all valuation work at JPS Chartered Surveyors is led by RICS Registered Valuers:
- Mark Isaacs – FRICS
- Matthew Corcoran – MRICS
- Michael Gabel – MRICS
Only an RICS Registered Valuer, who is also a professionally qualified member of RICS, can prepare and sign an RICS (Red Book) compliant valuation report.
Each of our directors is personally accountable to RICS for the work they undertake. This dual layer of regulation, at both firm and individual level, ensures consistency, integrity and professional responsibility across every inspection.
Why RICS Accreditation Matters in Our Sector
Machinery and business asset valuations often sit at the centre of complex and sensitive situations, including insolvency, liquidation, restructuring, and secured lending.
Without appropriate accreditation, clients may face:
- Compliance and regulatory risks
- Valuations that lack defensibility
- Increased exposure to legal challenge
- Reduced confidence from creditors, lenders or stakeholders
- Risk of misappropriation of client funds
RICS accreditation mitigates these risks by enforcing consistent standards and methodologies. It requires valuers to act independently, avoid conflicts of interest and provide reasoned, evidence-based opinions of value.
In insolvency and distressed scenarios in particular, where scrutiny is high and decisions are often challenged, the credibility of a valuation is critical. RICS standards help ensure valuations are not only accurate, but also transparent and robust under review.
A Framework Built on Fairness & Transparency
RICS provides a clear set of rules, regulations and professional guidance that all regulated valuers must follow. This framework supports:
- Fair treatment for all parties
- Transparent reporting and assumptions
- Consistency across valuation instructions
- Confidence in decision-making
At JPS Chartered Surveyors, this framework underpins our valuation, advisory and auction services, allowing clients to proceed with clarity and confidence, even in complex or time-sensitive situations.
Ongoing Commitment, Not a One-Off Credential
RICS regulation is not a static badge. It required continual compliance, professional development and regular review. The renewal of our licenses is a reflection of our ongoing commitment to maintaining the highest professional standards in everything we do.
For our clients, this means confidence that:
- Advice is independent and professionally governed
- Valuations are compliant and defensible
- Work is carried out with integrity and accountability
- Client monies are held in accordance with RICS Client Money Handling Rules, including regulatory reviews