| Dudley Accountants | Client Portfolio and Case Studies |
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Dudley Accountants | Accountancy Services | Business Strategy
Successfull Management Buyout Achieved A Company Director in the Dudley area recently approached Lyness Accountancy Practice to help him structure a buyout of one division of an old established family business. The team from Lyness worked with the client to assess the viability of a buyout and put the relevant forecasts in place to ensure the venture would be both affordable and attractive. Lyness were then able to call in a specialist financial resourcer whom they had a close relationship who negotiated the necessary financial resources of in excess of one million pounds based upon the figures that were in place. A deal was done and the businessman now has a very successful business who have a close relationship with the Practice including regular management account and forecasting information. Following a routine PAYE inspection a Dudley area construction company received a demand for £100,000 and were instructed to take all of their sub contract labour onto the books. Their accountant told them they had no alternative so they complied in full but at the same time came to Lyness Accountancy practice for a second opinion. Having sent in a specialist team of tax consultants Lyness were not only able to obtain a £96,000 tax refund but also reattain the sub contract status of the labour force thus removing a heavy Employers National Insurance burden. The company now subscribe to the unique Lyness Accountancy Practice BIZDRIVE package.
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