Case Studies

Case Study: Taking Your Team and Setting Up On Your Own

Armstrong Watson was engaged by a head of practice area who was keen to take his existing team and clients from his current multi-partner firm to create his own sole practice. We were therefore engaged to value his current position in isolation, negotiate an exit value, incorporate a new entity, register the new entity with the SRA, establish lines of financing with bankers and ultimately assist in the ongoing financial compliance of the new business (e.g. in respect to payroll requirements, HMRC etc.).

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Case Study: The Quiet American

Mr Green moved to the UK ten years ago, having been born and brought up in the USA.  Given he had no income or assets left in the US he assumed that he had no further requirements in the US.  After all he was paying all his taxes in the UK.

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Case Study: A Tale of Two Cities

Not all countries look as favourably on trusts as we do and if a beneficiary goes to live or work abroad the trustees need to know as such a move could create additional reporting requirements for them.  France in particular has very strict reporting rules.

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Case Study: Company Bonus Scheme

Background

Over the last year we have been approached by a number of firms looking at how they can maximise the output of their people.  They were all considering how they reward their people can influence performance.

What was the issue?

The firms were all keen to reward their people but were concerned about the impact the structure of the reward could have on the culture and staff of the firm.

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Case Study: Multi Million Pound Property Development Sales

Two long standing Administrations, with Mike Kienlen acting as Administrator, and involving the same Bank as secured lender, has resulted in multi million pound commercial and residential property sales. The appointments were made in 2009 at the time of the financial and property crisis within the construction sector. Both sales have been achieved following lengthy marketing campaigns during 2016 and subsequent protracted contract negotiations.

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Case Study: Redundancy of Directors

When a company enters into an insolvent process, with insufficient monies to pay amounts due to employees in respect of:

  • Arrears of pay – up to eight weeks
  • Accrued holiday entitlement – up to six weeks
  • Statutory notice pay – up to twelve weeks
  • Redundancy pay – must have at least two years service

An employee must complete an RP1 form to make a claim for payment from the Redundancy Payments Service (RPS).

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Drying Maching in Factory

Case Study: Mitchell Dryers

We were introduced to the board of directors in early September 2016. The company was suffering from a severe down turn in trade which was coupled with a historic and substantial funding shortfall of its defined benefit pension scheme. 

The directors had been aware of these issues and were taking advice from their existing accountants regarding their duties and the options for the company over the previous six months. 

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Penman Truck

Case Study: Penman Engineering Limited

At the end of August, Mark Ranson, Daryl Warwick and Michael Kienlen were appointed Joint Administrators over Penman Engineering Limited and two other group companies.  The Company specialised in the production and design of armoured vehicles including military vehicles and cash in transit vehicles. 

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Case Study: Our Clients Video

A selection of clients tell us about the value Armstrong Watson brings to their business.

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Case Study: Architecture Firm with 50 Employees

The Leeds Corporate Recovery team of Armstrong Watson were instructed to advise the Directors of a large firm of architects who had been in business for over 20 years. The Company had over 50 employees and three offices.

Due to the downturn in the construction industry and little work being won, the company was faced with large overheads and was finding it increasingly difficult to meet its obligations when they fell due.  Obviously, the Directors had significant emotional attachment to the business and were unable to see the way forward. 

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