MANUFACTURING AND ENGINEERING
Being based in the West Midlands we understand that Manufacturing and Engineering businesses need advisers with real insight into their sector so that they can provide the right support.
You operate in a highly competitive sector, which offers great potential for success.
But you can also be vulnerable to economic pressures – nationally and globally – and other factors that you cannot control.
In a constantly evolving environment, we can help you to establish a sound financial footing from which to run your business, so that you are able to improve profitability, take opportunities to develop and grow and have the strength to weather economic challenges.
In addition to all the services you’d expect which are outlined elsewhere on this site – we offer unlimited advice by phone and email, active recommendations for tax savings, and help with a number of your industry-specific concern such as:
Providing timely information about grants and finance available to you.
Advice to enabling you to make best use of R&D tax relief and capital allowances
Routine accounting, managing accounts submissions and payment deadlines
Keeping you compliant with all relevant legislation
Representing your interests in dealings with HMRC
Calculating tax liabilities
Finance raising for that new machine or expansion
Assistance with property purchase via the company your pension fund or privately
Exit strategies and/or succession planning
We act for a local engineering company that needed £600,000 for a new machine. Initially they approached their bank for assistance under the recent CBILS (Government backed) scheme.
Despite in our view qualifying for this scheme the bank turned them down. We made a call to our contact at Capitalise and within a week we had the £600,000 in the clients bank account under the CBILS scheme just before the deadline. Not only had they raised the funds for the new machine but they also qualify for the new Super deduction which means they will receive 130% tax deduction on this purchase.
We are also now in the process of appointing a new more proactive bank for this client.