Case Studies

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: Restructuring of a caravan park business

We have advised a number of parks on how they can benefit from a corporate relief that allows groups of companies, if they meet certain conditions, to dispose of one park through a limited company, and not pay Capital Gain Tax on the corporate disposal.

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Case Study: Caravan and Lodge Park – value circa £2 million

We were engaged following the death of one of the owners of the park to deal with an HMRC enquiry into the claim for Business Property Relief (BPR) on the deceased’s estate.  HMRC were suggesting that no claim was available against their share of the park's value, placing around half of the holiday park into the estate, which would have resulted in an increase in the IHT liability of around £400,000.

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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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TSP Engineering

Case Study: TSP Engineering

Error Free Payroll First time and Every Time

Background

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Fraser Curley and Andrew White

Case Study: International Technology Veterans acquire Wray Castle, Telecoms Training Firm

Cumbria-based, international telecoms training business, Wray Castle Training, has been sold to international telecommunications and technology experts Fraser Curley and Andrew White, for an undisclosed sum.

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Case Study: Website developer left unpaid

Escalate dispute service on behalf of a website developer who was left unpaid recieves £35,000

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Roadwork traffic cones

Case Study: Pursuing sub-contractor's insurers after damage caused to underground fibre wiring

The Problem

This was a contractual claim against the insurers of a sub-contractor, who caused damage to underground fibre wiring when digging up a road - despite being made aware of the wiring and its location.

This had left the claimant out of pocket as they had to settle the costs of the damage, in the order of about £150k. They were seeking to recover back the losses from the sub-contractor as they had been the actual cause of the damage, having not taken appropriate care when digging the road up.

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Designers in a creative agency

Case Study: Unpaid Invoices, IP infringement and a non-responsive client

The problem

A creative agency carried out work for their client (a data and storage solutions provider) for approximately 3 years. Their work comprised of a social media plan, with ongoing account management, planning and strategic development. The agency worked on a number of specific projects, for both the ‘core’ and ‘consumer’ brand - each with their own separate, respective client contacts.

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