A client providing a niche service was losing money. Detailed management accounts were provided. The manager met with the client to explain the figures in detail. The client made changes to overheads: including reductions to utility bills. Savings were then used to diversify and the business is now breaking even.
A client wishing to sell his business was due to finalise the sale when tax legislation changes were announced in the Autumn Budget that would have had a negative affect the amount he received from the sale. The tax director worked with all key parties involved to restructure the agreement so that neither side was adversely affected by the changes in legislation. This saved the client £40,000.
A client was bought out by a larger multinational group. The multinational group intended move the client across to their in house accounts team and auditors. During the handover period the manager met with their Business Development Manager and explained in detail the work that had been carried out for the client and how the figures were generated. The Business Development Manager was so impressed with the level of work carried out and the quick response time to queries that it was agreed to retain Bennett Verby as accountants and tax advisors rather than changing to the in house team.
A client sought a loan from a bank in order to diversify his business by purchasing a carpark. The original amount offered by the bank was £375,000, which was not enough for the client to proceed with the purchase. The Director in charge reviewed the clients business plan, cash flow and projections and hi-lighted where changes and improvements could be made. Due to the development of close professional relationships with a network of banks, the director was able to introduce the client to a bank that would look more favourably on his application. As a result the client received the full £1.1 million needed. The business is now trading at a profit and is receiving positive reviews and feedback from its clients.
Since 2008 our Tax Director has worked with a client in the manufacturing sector to secure substantial R&D tax relief. Over the last 2 years the client has been able to put in an average claim of £0.5 million a year, saving £324,000.