Case Studies

Case Study: Sole Trader £70,000 Turnover

The Challenges

Our client is a sole trader with gross turnover just over the VAT registration limit. The business owner employs several staff and processes the payroll personally. Both these issues are typical of small businesses and the associated paperwork and management of payments of VAT and PAYE result in less time being able to be spent on focusing on the main activities of the business.

The introduction of RTI (Real Time Information) is also relevant and needs dealt with in the coming months.

What we did

Case Study: Law Practice Dispute Valuation

Our legal sector team has a great deal of experience of valuing practices for a variety of purposes including retirements; disposals; mergers; incorporations; restructuring; and increasingly with disputes. We also have experience of being appointed as a single joint expert witness to value practices where the owners are in dispute. However despite all of that experience, each valuation is bespoke and presents different challenges, especially with disputes.

Case Study: Two Partner Law Firm

The Budget of 21 March 2012 didn’t hold too many changes for a two partner law firm in Yorkshire we have been working with for a number of years. Yes, the top rate of tax will be reduced from 50 pence in the pound to 45 pence from April 2013, but income in excess of £100,000 per annum will still see personal allowances removed, creating an effective tax charge of 60% on a proportion of income.

Case Study: Growth by Acquisiton

Ambitious company operating in the equipment hire sector seeking to acquire a key local competitor whose owners were approaching retirement and wanted to sell the business.

Case Study: Approaching Retirement

Owner manager aged 60 had built a successful company specialising in the import and wholesale supply to the forestry and horticultural sector. The client wanted to exit the business and in turn realise sufficient capital to fund his retirement. 

Case Study: Family-Ownerd Food Retail Company

Family owned food retail company - business owned and operated by 2 brothers

Case Study: John and Pam Cavanagh

After several years of having our tax affairs managed expensively and ineffectively by a well known major international auditing company we switched 3 years ago to Armstrong Watson.

Case Study: Donald Engineering's Enhanced Tax Relief

Donald Engineering and Design Limited are a small engineering firm based just outside Carlisle, which carries out design and development work for companies in the food, composites and road-marking industries.

Case Study: Engineered Assistance Limited R&D Tax Credits

Engineered Assistance Limited are an engineering firm based in Leeds, which carries out research and development work for a new form of patient handling technology for use in healthcare.

Case Study: Commercial Vehicle Assistance

The management team (“MBO Team”) in a highly successful commercial vehicle assistance company had decided the time was right to approach the existing owners with a view to completing a Management Buy Out (“MBO”).