Professional Services: Case Study 1

Background

A professional services LLP weighing the benefits of transferring their business to a limited company.

Our Approach

  • Met with the client to gather key financial information and details of current business ownership, growth aspirations and succession plans
  • Prepared financial projections model based on assumed trading levels and partners’ drawings
  • Prepared detailed illustrations to compare tax savings available between continuation as an LLP and transferring to a limited company
  • Presented report and recommendations to the partners on the optimum route to incorporate for their business
  • Prepared a detailed project plan capturing legal, financial and other commercial steps required to implement business transfer
  • Project managed the transfer of the business for the client
  • Handled all necessary accounting and tax reporting following the business transfer

The Benefits to the Client

  • Adherence to FCA regulation for whistleblowing
  • Client was able to make an informed decision with confidence
  • Tax savings helped to facilitate succession planning and allowed client to accelerate plans to invest to grow the business
  • Project managed business transfer allowing client to focus on the business and avoid putting pressure on internal resource

The Plus Factor in Action

  • We helped our client make money by helping them transfer to a more tax efficient business structure which reduced their tax liabilities and allowed for increased investment in the business
  • We saved our client time by providing proactive advice and managing the transfer so that the client was able to continue managing the business
  • We gave our client peace of mind by providing them with illustrations and succinct advice which allowed them to see the key commercial and tax considerations clearly, with our experts taking responsibility for the complexities
  • We supported our client now and in the future by continuing to provide accounting, corporate finance and tax support and working closely with them to ensure they maximise the benefits of their new business structure

The plus factor in action

"AAB's expertise in the complex topic of Disguised Remuneration and ...

Alan Pearson, Chief Financial Officer, T…

Read More...

"For me, business is all about relationships, and the quality ...

Online Electronics Limited

Read More...

"Over the last 7 years I have used AAB for ...

K & L Ross

Read More...

“Following an extensive competitive tender exercise we awarded AAB the ...

Terry Dunn, ESP Group

Read More...

"AAB have worked closely with us from the beginning of ...

StormGeo

Read More...

"Anderson Anderson & Brown LLP, who have been undertaking audit ...

University of Aberdeen

Read More...

"Anderson Anderson and Brown LLP have been our accountants for ...

Thorpe Molloy Limited

Read More...

“AAB have provided an efficient, professional service to our business ...

Finance Controller, Multinational Energy…

Read More...

"I have confidence in AAB carrying out a robust audit ...

NorDan

Read More...

"AAB have acted as tax advisers to our family and ...

McIntosh Plant Hire

Read More...

“We have a long term relationship with Anderson Anderson & ...

STATS UK Ltd

Read More...

"AAB have provided a comprehensive auditing, taxation and advisory ...

Petroleum Pipe Group

Read More...

"We have confidence in being able to approach AAB on ...

Maxoil Process Solutions

Read More...

"Anderson Anderson & Brown have been our auditors and corporate ...

Nor Sea Foods Ltd International Fish Can…

Read More...

"Anderson Anderson Brown have provided a range of services to ...

Aberdeen Housing Partnership

Read More...

"As a growing organisation, we felt it was important that ...

Prodrill

Read More...

"I would have no hesitation in recommending AAB's audit team ...

Scientific Drilling International Limite…

Read More...

The plus factor in action

Background Scottish fish supplier with established market in EU countries requiring ...

Fishing: Case Study 4

Read More...

Background Becoming increasingly remote in company operations, the minority shareholder of ...

Fishing: Case Study 3

Read More...

Background Profitable fishing partnership, with individual and corporate partners, who wished ...

Fishing: Case Study 2

Read More...

Background Adapting our audit plan due to the COVID-19 pandemic. Prior to ...

Exploration & Production: Case Study…

Read More...

Background In 2019 we mobilised at short notice a team to ...

Exploration & Production: Case Study…

Read More...

Background The UK subsidiaries of a global weather forecasting and decision ...

Technology & Media: Case Study 2

Read More...

Background Company with an overseas parent, which provides sales, rental and ...

Engineering & Manufacturing: Case St…

Read More...

Background A UK energy company requiring tax compliance advice for their ...

Exploration & Production: Case Study…

Read More...

Background A legal firm disposing of their business requiring Corporate Finance ...

Professional Services: Case Study 2

Read More...

Background A professional services LLP weighing the benefits of transferring their ...

Professional Services: Case Study 1

Read More...

Background Specialist lender and savings bank offering products to SME’s, homeowners ...

Financial Services: Case Study 1

Read More...

Background We were approached by an established E&P operator with assets ...

Exploration & Production: Case Study…

Read More...

Background UK Motor retail group operating a nationwide chain of franchised ...

Leisure, Retail & Hospitality: Case …

Read More...

Background Our client commenced in business as a property developer. Over ...

Construction & Property: Case Study …

Read More...

Background A local corporate property developer was approached to sell a ...

Construction & Property: Case Study …

Read More...

Background AAB were engaged to assist a trust that owned and ...

Public Sector: Case Study 1

Read More...

Background Preparation of detailed financial projections for a housing association in ...

Social Housing: Case Study 1

Read More...

Background The Corporate Finance team supported an existing client of the ...

Technology & Media: Case Study 1

Read More...

Background A family led estate with a traditional mix of forestry ...

Rural: Case Study 1

Read More...

Background A new charity requiring support after a period of change ...

Charities: Case Study 2

Read More...