Manufacturing & Engineering

As accountants and tax advisers specialising in manufacturing and engineering, we have in-depth knowledge of the key issues facing this sector. We are able to offer advice and guidance to ensure our clients succeed.

In particular, we understand the challenges those operating in the sector face, which include:

The security of supply and cost of energy
Training and retaining skilled labour/key personnel
Price volatility and increased raw material costs with often an inability to pass on cost
Gross profit margin pressures
Financing new equipment
Debtor book finance
The need to drive innovation
Increased competition from Asia, China and India
Improving productivity in relation to overseas competition
Customer consolidation and rationalisation
Lack of awareness of and use of tax incentives for the sector
Lack of awareness of support and schemes to help manufacturers
Environmental issues and compliance costs including carbon emissions, wastage levies and directives
Re-shoring of manufacturing to the UK
Our work for manufacturing and engineering clients includes:
Audit and Accountancy
VAT planning and consultancy
VAT for international trade
Payroll and Auto-enrolment
Director remuneration planning
Accounting systems and software
Research and Development (R&D) tax credits
Patents Box
Capital Allowances
Annual Investment Allowance
Employee share schemes
Seed Enterprise Investment Schemes (SEIS)
International trade
Business acquisition and disposal
Business advisory services
As part of our work in support of the sector, we have links with:
UK Trade and Investment (UKTI)
UK Export Finance (UKEF)
Manufacturing Advisory Service (MAS)
Growth Accelorator Programme