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HVCA is one of the largest trade associations in the UK and is the controlling entity of seven operating subsidiaries. The Group is not large in financial terms when compared with the general level of UK businesses but it operates on commercial lines wherever possible, particularly at subsidiary company level.
In 1997, it was decided to emulate the practices being adopted by bigger businesses by the creation of an Audit Committee and an internal audit function. This was operated by Finance Department staff initially and then, in 2000, a decision was taken to transfer all internal audit functions to an external firm. After a carefully structured selection process, Armstrong Watson were appointed.
We have never regretted the decision. Every element of the Group has now been subject to rigorous review at least once, and there has been a clearly recognisable improvement in our systems, internal control procedures and reporting functions. The quality of reporting by Armstrong Watson, both for management and the Audit Committee, is very high with no punches being pulled.
Internal audit has become an integral part of our operations. We are now entering the next phase of internal audit review processes with Armstrong Watson and look forward to even more improvement in our underlying systems and controls.
Ray Barraclough, HVCA
Armstrong Watson has been my adviser since I started my business over 26 years ago. As the business has grown and developed, so has the relationship. Margaret is part of our extended team – I don’t always take her advice, but I feel secure knowing that she will tell me the way it is. She is a sounding board for my ideas. Businesses take risks, accountants crunch the numbers, so I’m very happy is that I’m getting sound advice.
David Hayton, Peugeot
We have no doubt that many accounting firms could provide us with an audit service but I am certain that very few take the care and interest in the company and the people behind it. Armstrong Watson has been our auditors and tax advisers for 10 years and has provided us with support when it was most needed.
Jim O’Connor, Kirklees Youth Training
Because Armstrong Watson is onside, support is always at hand if we have a decision to make or an idea for the farm that we want to explore. They give us the genuine, honest advice we appreciate. They understand agriculture and they know how we operate.
James and Eleanor Irving, Stockdale Farm
After having taken the decision to diversify part of the farming business into a visitor attraction, Armstrong Watson spent a great deal of time in helping us with the financial planning; in areas of budgets, costings, staffing numbers, wages etc. This then formed part of our business plan which was submitted to Defra in applying for a Rural Enterprise Grant. Thankfully, we successfully received a grant, without which the Hesketh Farm Park would never have happened.
Chris and Sue Heseltine, Hesketh Farm Park
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Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. Unless otherwise indicated, either expressly or by the context, we use the word “partner” to describe a member of Armstrong Watson LLP or an employee of Armstrong Watson LLP in their capacity as such.
Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales, number 8800970. The registered office is 15 Victoria Place, Carlisle, CA1 1EW.
Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is 15 Victoria Place, Carlisle, CA1 1EW. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited.
Armstrong Watson Trustees Limited is a limited company registered in England and Wales, number 84495656. The registered office is 15 Victoria Place, Carlisle, CA1 1EW.