Start-up spirits distiller benefits from expertise
Case Study5th Oct 2021
Contributors
Related services
Our Client
A start-up Spirits Distiller based in Scotland. The entrepreneur behind the start-up had no previous experience of running a business.
Our Approach
- Worked with the entrepreneur to create a business plan that included mapping out the strategy, the brand and the route to market and conduct market research
- Prepared a financial projection model to ascertain the level of investment required and trading levels required to make it a viable business proposition
- Provided all the necessary accounting compliance, accounting software, tax compliance and other support as necessary
- Worked with entrepreneur to identify likely sources of investment for the business
The Outcome
- Gave the client peace of mind that we are managing every aspect of the start-up and compliance of the company
- Worked with the entrepreneur to help them to evaluate whether the initial concept was a viable business proposition
- Structured the amount invested by the entrepreneur in a tax efficient manner
- Introduced the entrepreneur to high-net-worth individuals that provided follow on investment to the company once the entrepreneur had started trading and proven the concept
- Structured investors’ investment in a tax efficient manner utilising all available tax reliefs
- Providing ongoing support to the client as the business continues to grow
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
Pensions regulations change prompts process simplification
Venue saves time on weekly payroll for 250 employees
Business expansion identifies potential tax issues
Local business sells out to national retailer
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