We were involved in carrying out the refurbishment of several existing warehouse buildings on the site which were clad in asbestos sheeting and we intended to replace the covering with modern materials.
When it was pointed out to Armstrong Watson that these buildings were being redeveloped and they had contained asbestos, they suggested submitting a land remediation relief claim to cover the cost of removing the asbestos and the replacement materials.
Because of the extensive nature of the redevelopment work a claim was submitted to HMRC which led to a corporation tax saving of £208,000. HMRC enquired into the relevant tax return. However, after a robust defence of the claim by Armstrong Watson and a site visit by HMRC, the claim was accepted in full.
This opportunity has led us to refurbishing five buildings on the site retaining the previous structure and providing good quality warehouse space at a competitive price. Without this happening the buildings would likely have remained in their previous dilapidated condition and would have eventually been demolished.
A W Goddard, Chief Executive Officer, Kingmoor Park Properties Limited
Our Capital Allowance Claim couldn't have been easier. We were pushed for time to get the report written and submitted but Armstrong Watson were extremely efficient and came out to see us and got the ball rolling immediately to ensure we met the deadline. An excellent result from excellent service with very little input required from our end, we couldn't be more pleased.
Sally Schrieber, Assistant to the Director, Cuckoo Brow Limited
We turned to Armstrong Watson for advice about a recent property transaction. Our situation was complex as my husband works abroad. The advice we received was thorough, timely and ultimately very beneficial to us. Armstrong Watson was extremely professional and we would not hesitate to come back for financial advice in the future.
Caroline and Alan Macdonald
As our auditors and business advisors, David and the team have acted for us for over ten years. They have a common sense approach, speak our language and are only ever a phone call away.
Stephen Widdows, Director, DJH Engineering
I’d like to say again how much I have appreciated the help and advice I’ve received from both David Squire and you. My wife will attest to the fact that I don’t often come off the phone after a “business” conversation in quite such a positive spirit – if there were such a thing as an Academy of Good Telephone Practice, I think it could learn from your exemplary ways!
I contacted Matthew as I was starting a family and wanted to ensure if anything happened to me or my partner we would be ok while our baby was growing up.
Matthew paid close attention to what I wanted during our consultation session and also how much we could afford, and we are very happy with the service and package Matthew provided. I have, and would, recommend Matthew to my friends and colleagues and most certainly seek Matthew's assistance in the future.
I have been using Armstrong Watson as my accountants for seven years. Since my business developed I have increasingly needed and valued the advice and support I have received from the Penrith team. I feel I get an honest, reliable and responsive service. They are straight talking but tactful, accommodating and flexible and answers all my queries fast and efficiently. They have given me confidence that I have my finances in order and help me keep a close eye on everything. This kind of support is a significant overhead but it is essential for a business to have the right advice in a timely way and I have no reason to look anywhere else because I am very secure in the support I continuously receive. I would recommend all the staff I have met.
Fiona Reed, Director, Fiona Reed Associates
On recommendation from a fellow partner, who had experienced similar problems to me, I contacted Andy Poole at Armstrong Watson to see if he could assist me with a share valuation in respect of my shareholding in my former legal practice.
Andy and his team were consummate professionals from the outset. Throughout my dealings with them all my enquiries, and those from my legal team, were dealt with very promptly. Following receipt of an initial favourable advice, Andy was instructed to proceed and prepare a detailed valuation for presentation to the appointed expert pursuant to the terms of the Shareholders Agreement. This was a very detailed and meticulous piece of work. It could not fail to impress.
The other parties produced a very slip shod valuation by comparison, and then some fanciful counter arguments by way of response to Andy’s report. These were dealt with in very short order in Andy’s supplemental report.
When the expert’s fair price valuation of my shareholding came through it was within 4% of Andy’s valuation figure.
Quality always shines through and the quality of the work produced by Andy and his team really shone through.
Sincere thanks once again to Andy and his team at Armstrong Watson.
Amstrong Watson and specifically Grant Smith have been invaluable to the set up and successful running of Stapleton Creative Ltd. As a Creative I have very limited knowledge of all things tax and finance related, I am very logical, but sometimes even I can't work out all the jargon and the funny ways HMRC word things, so it is a massive help that Grant is always there to answer any questions I might have. Even the really strange ones.
Grant has guided me through VAT, tax and everything that relates to keeping my business, and its funds ticking over nicely. He is a pleasure to work with and always patient, I couldn't recommend Armstrong Watson more. The whole team are friendly and make me feel less ignorant than I am.
Jane Stapleton, Art Director, Stapleton Creative Ltd
Engineered Assistance Ltd design and manufacture specialist mobility equipment for the healthcare sector, and are based in West Yorkshire.
The Armstrong Watson team helped us prepare R&D tax relief claims since the company was first incorporated and have saved us huge amounts of tax which we have consequently been able to reinvest in our technology.
The team have a great understanding of the R&D tax relief rules and his advice has been invaluable in not only preparing accurate claims for HMRC, but also maximising the tax relief available. I would definitely recommend Armstrong Watson to any company who think they might be able to make a claim.
Dane McGee, Managing Director, Engineered Assistance Ltd