Our Services
Motor RetailThe Scrutton Bland Approach: There is often a perception by the general public that the motor retail sector generates large profits. The hard facts are that it is increasingly difficult, for both large and small operators, to show a respectable return on the considerable capital that has to be invested in such businesses. The industry suffers from an over supply in its traditional market place and this has led to tight margins, which together with the need for heavy cash investment in premises and stock, make it difficult to generate acceptable profits. We act for a number of motor retailers and other businesses with an interest in the sector. The sector is changing, with ever increasing pressure on owner managers.
Service FeaturesIn the eastern counties, many motor retail businesses have been established for many years and developed out of family concerns. Today, it is far more difficult to generate profits for the levels which may have been seen in earlier years. As a result many owner managers have found themselves seeking a new strategic direction for their business, including diversification or changes to their franchise operation. Our aim is to consider the financial affairs of the owner managed motor retailers as a whole: to help them maximise profits and cash at every stage, and from every source. Many businesses will have built up investments in land and property as well as a significant customer base and trading history. Each case needs to be looked at individually, but examples of the type of projects which are common within the sector include: - Analysis of results between operating centres, including basis of overhead allocation and recovery rates;
- Review of business operations in the light of Inheritance Tax and Capital Gains Tax, particularly where investment in land and property has been built up over the years;
- Diversification of the business and review of business operations for alternative uses;
- Share valuations for Inheritance Tax and Capital Gains Tax purposes;
- Tax investigations and negotiations with the Inland Revenue, particularly regarding Capital Gains Tax valuation issues in respect of property;
- Keyman insurance and other products designed to protect directors and key staff.
Making the differenceIt is essential that the core motor retail business is looked at in the context of the financial affairs of the owner manager as a whole. For many, the risks and rewards of a high profile business requiring heavy investment can only be judged realistically against the aims and expectations of the key personnel within the business. Our advice aims to look beyond the immediate day to day trading in the sector where large changes can be imposed by manufacturers at comparatively short notice. Ensuring the long term financial stability of the key players is our aim. The Scrutton Bland Group is unique in its field by offering a very wide range of financial services under one roof. As well as accounting, tax, audit and corporate finance services, we offer independent financial advice, insurance broking and risk management services. We believe that we are the only Group in East Anglia offering these combined services in-house.
Additional Group ServicesOur independent financial advisers are always pleased to provide advice relating to your financial needs throughout your working lives and beyond into retirement and estate planning.
What next?For further information on how we can help you, contact the following specialists via telephone or e-mail:
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