CLICK ON ONE OF THE CASE STUDIES BELOW TO SEE HOW WE ARE HELPING OUR MANUFACTURING CLIENTS
A hair products supplier expanded into the US in line with their marketing strategy. We assisted with building a commercially structured group, taking into account the relevant tax legislation between jurisdictions.
Withums, part of the HLB International network in the US, supported with the transfer pricing requirements.
The company had to adapt quickly after the onset of the COVID pandemic, becoming B2C rather than solely B2B. In line with this, they invested heavily in an IT platform. Investment in the platform included over £500K of qualifying R&D expenditure, helping them achieve significant tax savings in the UK.
AUTOMOTIVE
MANUFACTURER:
MAXIMISING TAX EFFICIENCY
HAIR EXTENSION
SUPPLIER:
INTERNATIONAL STRUCTURE
CHEMICAL DISTRIBUTOR:
BUSINESS VALUATION
STEEL FABRICATOR:
SUCCESSION PLANNING
ELECTRONICS MANUFACTURER:
STREAMLINING WORKFLOW
HAIR PRODUCT SUPPLIER:
INTERNATIONAL STRUCTURE AND R&D
We supported an automotive manufacturer with a group restructuring in order to protect key assets and to enable the business to scale up for growth whilst managing associated risk. We also advised them on tax efficient property acquisition and optimising tax relief on a recent fit-out.
Prior to Brexit, we held a meeting with this hair extension supplier to highlight the risks relating to goods coming into the UK from Africa and being exported to Europe, as duty was being paid twice. We focused on providing advice to give the right structure for the business. We also identified the best structure for ownership whilst maximising tax efficiencies.
We worked with this steel fabricator to transition leadership to the next generation, spreading financial activity across time to create a ‘soft landing’ for the new owners. We created a tax efficient structure, ensuring they were not incurring unnecessary liabilities. We made recommendations on share ownership and retention of sentimental holdings, to create additional value for the business.
We performed a valuation of this chemical distributor to facilitate the establishment of a share ownership plan for the company. Given the asset level was too high to implement an EMI (Enterprise Management Incentive) scheme, we discussed alternatives with the client and settled on an alternative that would support their commercial objectives. We will also be undertaking a capital allowances review to maximise claims for the capital allowances super deduction announced in the 2021 Budget.
We undertook a project to write comprehensive stock and work in progress flow charting for this electronics manufacturer. This enabled a better understanding of the bill of materials, re-order quantities and work in progress assessment following issues where stock had continually and unknowingly been hugely overstated in the accounts.
HAIR PRODUCT SUPPLIER:
INTERNATIONAL STRUCTURE AND R&D
AUTOMOTIVE MANUFACTURER:
MAXIMISING TAX EFFICIENCY
HAIR EXTENSION SUPPLIER:
INTERNATIONAL STRUCTURE
CHEMICAL DISTRIBUTOR:
BUSINESS VALUATION
STEEL FABRICATOR:
SUCCESSION PLANNING
ELECTRONICS MANUFACTURER:
STREAMLINING WORKFLOW