Case Studies

Case Study: Rural Yorkshire manufacturer secures grant funding for expansion.

“Refurbishing the warehouse shelving was something we’ve wanted to do for many years. When Armstrong Watson advised me that grant funding was available to help manufacturers in rural locations for projects like this, I was delighted”. 

Glencroft Countrywear have been manufacturing and selling premium quality sheepskin goods from the Yorkshire Dales for over 30 years.  As an ambitious company, hoping to expand into new markets, Glencroft approached Armstrong Watson for help with their business plan.

So far the Glencroft business planning process has addressed:

Case Study: Oldfield Electrical Supplies

Oldfield Electrical Supplies Limited is a wholesaler and retailer of electrical and lighting equipment, operating from 3 geographical locations in the Skipton area. The directors of the company approached Armstrong Watson in the late summer of 2015 seeking assistance.

Case Study: Protection of Interests in Law Firm Closure

Armstrong Watson was engaged by Genus Law Limited to find a firm to acquire the ongoing matters, client relationships and successor practice status; monitor compliance and lead on interaction with the SRA; and to ultimately liquidate the business.

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.).

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.

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.

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.

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.

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. 

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.