Jan 31 2020 Dundee-based Primero Contracts completes seven-figure MBO Categories: Corporate Finance We recently supported a Dundee-based shopfitting firm through their seven-figure management buyout. Primero Contracts, which was founded in 1993 by Frank Ward and the late Kevin Knox, has been acquired by Contracts Manager, Bruce Donnachie, and his wife, Gordana, following the planned exit of its long-term managing director, Frank Ward, and his wife and fellow director, more
Jan 28 2020 Corporate Finance Deal Done! Categories: Corporate FinanceTechnology We recently helped facilitate a £7.6 million company sale for a client in the technology sector. Our client is a Scottish company which is at the forefront of a niche sector. The business was owned by a combination of institutional investors and key employees (via an EMI scheme which EQ had previously implemented), and the more
Jan 22 2020 Research & Development tax credits in the Agricultural Industry Categories: AgricultureTaxation Historically the majority of agricultural businesses operated as partnerships, however with many now trading as limited companies, they have potential to claim for Research & Development (R&D) tax credits. These tax credits are an established government-backed initiative, designed to encourage innovation and progression and in order to be eligible to make claim, you must be operating as more
Jan 15 2020 Is Xero the cure to your CIS headache? Categories: EQ AccountingProperty & Construction Under the Government’s Construction Industry Scheme (CIS), contractors must deduct money from the payments they make to subcontractors to go to HMRC. These are treated as advance payments for tax and National Insurance contributions. CIS applies to businesses involved in the construction industry, and can affect businesses that are not actually in the industry but more
Jan 14 2020 Corporate Finance Deal Done! Categories: Corporate FinanceLeisure We recently completed a business purchase to the value of £3.25m for a company in the leisure sector. Our client is a Scottish tourism business that was looking to expand their portfolio through acquisition. EQ acts for many leisure businesses in Scotland and has extensive expertise in the issues involved. What type of work was involved? more
Jan 8 2020 Engineering businesses – finding the right software Categories: Engineering & ManufacturingEQ Accounting Within any engineering business, there can be many tasks that require management applications to ensure the smooth running of the business. These can range from simple quoting and invoicing through to manufacturing bill of materials and stock control. There are business management applications that offer many of these functions, but finding the right one for more
Dec 20 2019 The transition to Open Banking Categories: EQ Accounting There have been recent changes within banking to standardise the way data can be accessed from different bank accounts in one place, including the introduction of Open Banking. Launched in 2018, Open Banking has transformed the way you bank online by offering more up to date bank feeds from banks into accounts systems, for example more
Dec 11 2019 Supporting our clients with the growth of their business Categories: EQ AccountingFood & Drink As a client’s business portfolio grows, so do the challenges and opportunities, therefore, it is important to have a trusted team of advisors, providing professional and trusted support allowing the business to not only function, but succeed and thrive. That was certainly the case for Brett Lawrence, owner of the award-winning Rocca Deli in St more