Public Sector: Case Study 1

Background

AAB were engaged in early 2011 to assist a trust that owned and operated a substantial mixed estate in the North East through the planning and undertaking of a large scale property development of nearly 5000 houses and other related uses on part of the Trust land.

Our Approach

  • Fundraising multiple times for planning fees over the course of the Development planning phase
  • Strategic planning advice and assistance with negotiations on commercial deals
  • Established banking and other loan facilities, set up of monitoring systems to monitor and record infrastructure and other expenditure
  • Acting as advisors in order to secure infrastructure funding deal
  • Working alongside other advisors to provide relevant and accurate advice
  • Providing gateway to brokers to facilitate bond deals for construction work
  • Optimising the structure of house builder deals to minimise the potential Capital Gains Tax impact
  • Providing frequent cashflow planning reports and advice

The Benefits to the Client

  • Access to advice from all of our teams' expertise channelled into the specifics of one project
  • Significant cost and tax savings through practical budgeting, management and tax advice allowing the Trust to manage its own tax affairs effectively
  • Delayed tax payments due to efficient structuring of deals
  • Comfort through implementation of excellent financial control systems, coupled with proactive advice designed to maximum future financial performance
  • Value added input via full integration and constant support of AAB staff in the development team

The Plus Factor in Action

  • We helped our client make money by securing the best deals available to enable funding of the infrastructure works
  • We saved our client time by handling the outsourced accounting of the transactions incurred by the Development and all accounting regulatory requirements
  • We gave our client peace of mind by acting as financial and commercial advisors throughout the length of the project and providing an external viewpoint
  • We supported them now and in the future by preparing short and long-term scenario forecasts to envisage the outcome of the overall project along with each individual element