How to get effective cost reduction right
In the second article of our ‘Seven ways to respond to a change in financial circumstances’ series, we look at reducing costs – an area that is not as simple as it might first appear. Given the current financial climate, it is likely that many nonprofits have already tried to reduce costs where they can…
READ MOREMoore Kingston Smith advises Roycian on acquisition of McAndrew Martin
Roycian has entrusted Moore Kingston Smith Corporate Finance to advise on the £7 million Management Buyout (MBO) of McAndrew Martin, an award-winning, independent multi-disciplinary design firm with projects in the UK, and a rapidly growing presence in international markets. Established in 2014 with headquarters in Chandlers Ford, Hampshire, Roycian is a private equity firm specialising…
READ MOREFood and drink under attack: why cyber security is critical to the sector
Written by Rich Jackson, Strategic Business Manager at Moore ClearComm, the cyber and data protection division within Moore Kingston Smith. A cyber attack on a food and drink company, and the subsequent impact on its supply chain, has the potential to disrupt widespread food production and distribution, in turn leading to food shortages and higher…
READ MOREThe rise of search funds
What is a search fund? A search fund, also referred to as entrepreneurship through acquisition (ETA), is an investment vehicle in which investors back an entrepreneur looking to acquire and run their own business. Search funds have become more popular across Europe in recent years, after originating in the 1980s out of US business schools…
READ MOREThe advantages and disadvantages of employee turnover
Do you feel like you’re struggling with employee retention in your organisation? Studies from UK Money suggest that the UK has one of the highest employee turnover rates in Europe, and every year, an average of 16.8% of employees leave their jobs in the UK. Moore Kingston Smith People Advisory can help organisations explore some…
READ MOREAcademies Accounts Direction 2023 to 2024 – what’s changed?
The updated Academies Accounts Direction was published on 27 March 2024 and will apply to accounting periods ending on 31 August 2024. Separate model accounts and an external auditors’ guide were also issued, in a similar manner to previous years. The updated guidance includes both explanatory and narrative changes. The requirements include some which will…
READ MORENavigating equal pay and gender pay gap risks and rewards
In today’s evolving business landscape, the pursuit of equality and fairness within the workplace is no longer just a moral imperative, but a legal requirement in the UK. As business owners, finance directors and HR professionals, it’s crucial that you understand the risks associated with unequal pay and the gender pay gap. Fostering a culture…
READ MOREDon’t get caught out – VAT reverse charge for construction
The VAT domestic reverse charge is more or less mandatory for commercial construction work undertaken in the UK. It requires that instead of the contractor charging 20% VAT to their customer, no VAT should be charged on the invoice and the customer has an obligation to self-account of the VAT using a reverse charge mechanism.…
READ MOREHow using total reward statements can improve your employee value proposition
In today’s fast paced and competitive job market, prospective candidates are more aware of their worth and so it is critical for employers to showcase the value of their compensation and benefits package to attract and retain. The best way to communicate the value of an employee’s overall benefits package is by utilising Total Reward…
READ MOREWhat can you do now to prepare for a potential change of government?
Our recent enterprise series webinar focussed on what a change of government could bring. The panel consisted of our tax, financial planning and employment law specialists, who highlighted the potential changes, risks and benefits change could bring. They also provided an insightful economic overview. Here are their top tips from the session: Ensure your business…
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