Pensions regulations change prompts process simplification
Case Study18th Feb 2022
Contributors
Related services
Our Client
A business providing transport services to public and corporate clients with a small in-house finance team required support to deal with changes around pension regulations. At the same time, the client needed to obtain additional finance during a temporary reduction in trading arising from decline in local economy.
Our Approach
- Provided a breadth of financial support services
- Simplified their process to address regulatory changes
- Supported discussions with finance companies and ensured interest rates were appropriate
- Prepared cash flow projections
- Prepared management reports to meet finance companies ongoing requirements
- Gave assurance that the pension provider selected was suitable for the needs of their employees
The Outcome
- The client could rely on our expertise to comply with new legislation
- Their management team could focus on operational matters
- Funding requirements highlighted in projections
- Introduce lenders not known to client
- Management reports that are useful for making decisions
- By working with the client for over 15 years we understood the business model which gave our client confidence in our ability to deliver
Related Case studies
Series of fundraising bids help shipping company grow
Cashflow issues turned round for haulage supplier
Audit reveals VAT issue for manufacturing company
Support for company in audit results in minimised tax liabilities
Club reduce costs through improved daily financial recording
Venue saves time on weekly payroll for 250 employees
Business expansion identifies potential tax issues
Local business sells out to national retailer
Start-up spirits distiller benefits from expertise
Automated finance systems for start up coffee shop
International acquisition of privately owned UK business
Payroll review results in efficiencies for UK food manufacturer
Post-Brexit reporting and funding for EU markets
Minority shareholder retires selling equity
Fishing partnership develop strategy to mitigate tax liabilities
Business expansion through growth capital funds
Sign up to updates
Blog29th Jul 2022
COVID recovery, labour shortages & supply chain issues: the resilience of Scotland’s food & drink sector
In the last two years we have seen some of the most challenging times in business. In particular, the Scottish food and drink industry has been hit hard by varying restrictions imposed across the country. Despite these challenges, the industry…
By Derek Mair
View moreBlog11th Mar 2020
SeedPod – What does this mean for Scotland Food & Drink Businesses?
At AAB, we have a dedicated team of Food & Drink specialists who hold a wealth of experience and knowledge of the sector – a nod to the significance of the industry in the context of the Scottish economy and to our business. Considering our involvement within the sector, we…
By Derek Mair
View moreBlog12th Sep 2019
Funding Growing Food & Drink businesses
Fundraising for start-ups or early stage companies has always been a challenging task as anyone who has seen the plucky contestants enter the Dragons’ Den on the hit television programme can agree. However, with a high number of food and…
By Derek Mair
View moreBlog4th Jul 2019
Scotland Food & Drink – the £30 billion pound opportunity – supporting companies unlock their potential
The Scottish food & drink industry is a globally recognised brand and continuing to strengthen this brand will be key to reaching the shared vision of the Scotland Food & Drink Partnership outlined in their “Ambition 2030” strategy. To achieve…
By Derek Mair
View more
