Case Studies

Case Study: Project Monitor

Advice and support results in additional funding and continued success of the business

Background

Armstrong Watson were approached by a lender as they had concerns about one of its client’s viability. They wanted Armstrong Watson to review the Company’s current position and to provide advice as to the viability of the business going forward. 

Case Study: Thomas Armstrong (Holdings) Ltd Flimby, West Cumbria

Background

Thomas Armstrong Group has over 190 years of expertise and growth in the construction sector, manufacturing quality building products since 1830 with a strong Cumbrian heritage and Head Office situated proudly in Flimby, West Cumbria. The group has a turnover in excess of £135m and has around 560 employees. As a significant business in the sector and region, the group had a long track record of working with large Top 10 audit firms.

Case Study: The Usual Place - Inspired Community Enterprise Trust Limited

Background

The Usual Place became a client of Armstrong Watson over three years ago when their existing accountant retired.  They were looking for a business partner who could support both the Board of Directors in fulfilling their responsibilities and the business as a whole, by advising on the risks and financial challenges that lay ahead as the enterprise grew in stature and reputation.

Case Study: Tynedale Hospice at Home

Photo: Mike Thornicroft, CEO and Charlotte Pearson, Head of Income Generation. (Photo taken prior to COVID-19 restrictions)

Case Study: The cost of using specialist Corporate Financiers will be far surpassed by the value they add

Background

Founded in 2009, Integrity is an IT solutions and consultancy business, delivering IT Solution packages to small businesses and larger organisations, and has more than 1,500 users.

Managing Director, Andrew Fisher, has been a client of Armstrong Watson since Integrity was founded in 2009. In 2015 he started thinking about retirement plans and engaged with us for specialist advice around his exit options.

Case Study: The Value of Financial Advice For Our Clients

Our clients saw the value in financial advice as we advised on pension contributions, pension protection and critical illness cover.

Case Study: Compromise Agreements and CVA Offers Lifeline for Business

Background

The Company was significantly geared with indebtedness of over £4m between three banks, with all three having security over the Company’s assets.  There was an inter-creditor agreement between the banks resulting in one of the lenders having priority over the others. 

The senior secured lender had concerns regarding the Company’s viability and had moved the Company into its special situations unit and had instructed an insolvency practitioner with a view to them taking steps to place the Company into Administration.  

Case Study: Is all Financial Advice the Same?

Whilst it’s important to regularly look at your savings and investments, it’s also vital to take stock of your lending commitments too and the security in place to protect these should circumstances change. By either not taking the time to ensure adequate and appropriate cover is in place or seeking the wrong support, guidance and advice, this could prove to be a costly decision.

Case Study: Agricultural business facing cash flow issues

Background

We were instructed by an existing client of Armstrong Watson within the agriculture sector who was experiencing cash flow issues.  Our client was asset rich but had a liquidity issue having already extended its overdraft with its bank considerably to £700k from a previously agreed facility of £200k.   The Company’s funding requirement was the result of several poor crops due to supply issues which had impacted upon profitability.  The Company was in the process of pursuing a claim with its supplier.

Case Study: Walkden v Drayton Manor Park Forensic Case

Walkden v Drayton Manor Park Case.  Armstrong Watson's Forensic Accounting team's investigation services were instrumental in findings of £1.5m case.