Engineering & Manufacturing: Case Study 2

Background

Company with an overseas parent, which provides sales, rental and maintenances services for heavy lifting equipment approached us with a requirement for a statutory audit and ongoing accounting support following the departure of a key staff member. There was also a need to address historical taxation issues.

Our approach

  • Addressed the taxation issues head on and worked with our client and HMRC to agree a manageable payment plan which minimised interest and penalties due.
  • Provided ongoing accounting support to assist with processing and preparation of monthly management accounts.
  • Delivery of the year end audit and preparation of corporation tax computation by separate engagement teams within 2 months of the financial year end
  • Support in the form of ad-hoc advice and provision of management information through a period of change for our client which seen significant changes in staffing and the eventual disposal of one of the key service lines offered.

Benefits to client

  • Management and owners provided with reliable monthly management figures.
  • Ongoing support freed up management time to focus on the day job.
  • Minimised liabilities relating to historical taxation issues
  • Support through disposal process allowed for a return of value to shareholders and the management team to focus on the core business going forward.

The Plus Factor in Action

  • We helped our client save money by minimising liabilities relating to taxation.
  • We saved our client time by providing support in book-keeping and management accounts preparation process.
  • We gave our client peace of mind by signing off the previous financial years audit report in timely fashion
  • We supported our client now and in the future by guiding them through the process of a business and asset sale, returning value to the shareholders and leaving a more focussed business going forward.
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Key Contact

John Black
Partner

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+44 1224 625111

Our Plus Factor

Our Plus Factor