Case Studies

Case Study: Cricket Scotland Limited

A long-term relationship with a real insight to our business


“Jim Lockhart, who is now part of the Armstrong Watson team, has been working with Cricket Scotland Limited for over a decade. We have worked closely not only on the audit and tax services, but also when hosting major events such as the World T20 qualification competition in 2015. Jim and the team have consistently delivered and have provided valuable insight when needed.”

David Johnson, Financial Controller

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Games developer

Case Study: Facepunch Studios

System review transforms accounting process and results in significant time savings

“We have transformed the way we run our day to day accounts and it's so much quicker and easier to keep everything up to date using Xero accounting software, combined with other great time saving Apps.”

Craig Gwilt, Company Director, Facepunch Studios

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McGowan Miller Construction

Case Study: McGowan Miller Limited, South West Scotland

Essential guidance and support through, transition, merger and succession planning

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Brick layer

Case Study: Company Voluntary Arrangement

Armstrong Watson were approached by a construction company who had encountered difficulties with their cash flow after having encountered a reduction in turnover coupled with encountering losses on a number of larger contracts. The underlying business was potentially sound however the cash flow difficulties had meant that historic liabilities were starting to become a challenge for the business.

With the assistance of Armstrong Watson, a major review of the company's operations was undertaken, which highlighted several matters:

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IT

Case Study: Project House

The directors and shareholders of Project House ran a successful IT related business for many years, during which time they were supported by tax and accounting colleagues at Armstrong Watson.  Following an approach from a competitor, and with help from Armstrong Watson’s corporate finance specialists, a sale of the business and assets of the company was agreed and completed.  The aim thereafter was to return value to Project House’s shareholders.

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Building Surveyors

Case Study: Section 110

The principle activity of the company was property investment; holding approx. 170 residential, commercial and agricultural properties, mostly located in the North of England, but with additional overseas properties.

The company was originally inherited by five siblings and from the outset these individuals were clear that they wanted the flexibility to manage part of the company independently of one another so as to best meet the requirements of themselves and their respective families. 

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Steel Girders

Case Study: Project Arthur

Armstrong Watson were contacted by the directors when they became worried that they were likely to encounter cashflow difficulties due to various contracts being delayed. They were concerned that the delay in collecting in cash would have a detrimental impact on their business.

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cryogenic cylinder

Case Study: Project White

We were introduced to the company by the lender, who provided the company with an invoice finance facility, following concerns arising from an audit carried out by the lender. The audit had identified discrepancies which had resulted in the lender increasing its reserves by c£900k on the facility of £1.5m.

Armstrong Watson were instructed to carry out debtor verification and comment on the overall viability of the business. This was done onsite at the company’s premises.

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Circuit Board

Case Study: Project Daimler

We were introduced to the business by their funder, who instructed us initially to provide them with some thoughts on the Company’s operations and recommendations for potential improvements. There were concerns around the business’ cash position and liquidity as the directors were asking for additional lending (over and above their normal facility) on an increasingly regular basis.

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Case Study: Temporary recruitment agency benefit from a proactive, full service approach

Background

Armstrong Watson’s predecessor firm was appointed auditors, accountants and business advisers to the Primestaff Group over twenty years ago, and they have always found the service they have received to be of the highest quality.


Why they sought to work with us?

Having previously been with a rival accountancy firm, they felt that the previous advisers did not provide great service for the following reasons:

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