Manufacturing

Manufacturing

All manufacturing businesses know, you need to keep abreast of the financial issues which could impact on your business.

Our specialist accounting team for the manufacturing sector are passionate to be part of our clients’ business and play a part in their success.

We understand that manufacturers face numerous operational challenges including margin maximisation, stock costing, employment issues and financial constraints by banks just to mention a few. Kreston Reeves have the necessary manufacturing experience to help you make decisions which can minimise the risks under the various stock costing systems, we advise on employment issues including health and safety and pension requirements, we can also help in the negotiation of the appropriate banking arrangements to handle invoice financing of debtors and to consider the effect of foreign trade on currency transactions.

We understand and advise on taxation, not only from a corporate point of view, which includes capital allowance maximisation and research and development, but also from a business owner point of view in remuneration extraction, succession planning and exit strategy. If your operations has concerns overseas, we can offer a seamless cross border service through our International expertise and membership of Kreston International, a global network of independent accountants.

We can also advise on budgeting and forecasting, business acquisitions and disposals including due diligence, and raising business finance.

We have a dedicated VAT and Duty team who are successful in assisting many businesses who import from outside the EU in recovering duty overpaid but also advising on a multiplicity of VAT issues that face manufacturers on a daily basis.

Our clients include mainly limited companies ranging from small owner managed companies to large international groups. Contact one of our specialists to discover how Kreston Reeves can benefit your business and assist you with:

Manufacturing accountancy & auditing services include:

  • R&D intellectual property tax relief
  • M&A strategic advice
  • Succession planning and keeping talent
  • Maximisation of overseas operations
  • Management of supply chain risks
  • Working capital management, business improvement and financial modeling
  • Stock control management

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Having grown to be the world’s largest independent roadsweeper manufacturer with markets across the globe, Scarab needs the best possible advice to help that growth continue. In the 26 years... More they have looked after us, Kreston Reeves have never failed to deliver that advice and are our most trusted business adviser. John Affleck, Managing Director, Scarab Sweepers Ltd

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At Wire Belt we are always looking to the future, constantly improving our products and everything about our business. One current objective is to generate up to 50% of our own... More electricity using a roof mounted array of solar panels at our Sittingbourne factory. This will improve both efficiency and reduce our environmental impact, especially as electricity will be sent back to the grid when Wire Belt is not in production. The benefit of working with Kreston Reeves is that their forward thinking approach ensures we receive the best possible advice over how large projects like this are financially organised. Paul Winter, UK Managing Director, Wire Belt

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I just wanted to write and say how delighted we are to have moved our tax and accountancy work to Kreston Reeves. Having people like you as our advisers has... More been a great experience. We have known Kreston Reeves for many years and always liked their solid, traditional and dependable approach coupled with their innovative and forward thinking ideas. The breath, depth and lateral thinking that your tax team have bought to our business has been refreshing. This is not only from looking at the research and development claims, which are very important to a young entrepreneurial business, but also the wider group thinking that your firm has shared with us in utilising our early stage tax losses. In summary, I would say that everybody at Kreston Reeves has been responsive, diligent, knowledgeable and supportive – well done the Kreston Reeves team. Steve Greig, Managing Director, Carbon 8 Aggregates Ltd

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We have worked with Kreston Reeves since the very beginning. We trust them to advise us on all things financial, commercial and personal. They really understand our business and have... More helped us through all types of market conditions. Kreston Reeves have consistently provided us with much more than expert accountancy skills – they are our business consultants too. Kreston Reeves have given us sound strategic advice and provide us with the expertise we need to make the right decisions for our business. Kreston Reeves’ strength is that they marry business know how with similar talents in family affairs. David Hellyar, Chairman, Hellyar Plastics

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Kreston Reeves have been our accounting partners for many years. We are getting exceptional assistance and have trust in the team at Kreston Reeves. Their professional staff is reliable and... More works with us to meet our needs. They have provided exceptionally well informed advice in many areas. Their support has been invaluable and we are grateful and look forward to continuing our relationship. Meena Patel, Financial Controller, Hair Systems Europe Limited

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The team at Kreston Reeves responded with speed, precision and a determination to achieve our goals, as such they became part of the project team and an integral part of... More pulling the project through to a successful conclusion on time. I was very impressed, and will no doubt have an opportunity in the future to recommend their services to others. Chief Executive Officer, The Ingredient House

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We have all enjoyed working with Kreston Reeves and Andrew Griggs in particular for many years. BSL has an unusual history and Kreston Reeves understands that well. Andrew Griggs’ expert... More knowledge of the company, board of directors and shareholders was invaluable in transitioning the company from the current owners to the directors and employees to take it forward. We could not have completed the transaction without Andrew and his colleagues. David Blanchard, Managing Director, BSL Gas Technologies Ltd

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The team led by Andrew Griggs were outstanding. They gave me great comfort that all angles were covered. Colin Grant, Managing Director, Medway Galvanising Company

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Andrew Tate’s insolvency expertise has been invaluable when assisting with acquiring financially distressed businesses. He is professional, proactive, practical, and a skilled negotiator. Time is of the essence in these... More situations and Andrew and his team are always willing to give it their all to ensure a deal is reached in time. I would highly recommend both Andrew and Kreston Reeves. Ken Tonkin, Director, Pre-Met Limited

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The tax advice we have received from Kreston Reeves has always been proactive, efficient and timely. I would wholeheartedly recommend them. Clifford Hurst, Finance Director, Zotefoams Plc

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Kreston Reeves had the skills and all-hours dedication to see this through to a successful conclusion. I couldn’t have done it without them. Jonathan Harmer, Managing Director, Farmura

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Kreston Reeves played a critical role in helping us to acquire one of our competitors. Tim Levey at Kreston Reeves headed the team in conducting a due diligence process which... More gave us the confidence to complete the deal. Peter Boulton, Managing Director, Sinclair & Rush Ltd

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Global Invacom has worked with Kreston Reeves for only 2 years and they are providing a range of audit and advisory support. Michael Cook and his team came in at... More short notice to a multi-site, multi-country audit reporting to a mainboard listed Group in Singapore. They quickly built a good understanding of our business and sector and we delighted to have them as part of the Global Invacom team. Matt Garner, Chief Financial Officer, Global Invacom

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