Construction

Building a better business future

Meet the team

The construction industry is of vital importance to the UK economy, yet the volatile nature of this sector and doubts over public funding can make long term planning difficult. Lack of capital and investment combined with problematic cash flow all contribute to a higher-than-average failure rate for businesses operating in the construction sector and those industries closely related to it. However, this need not always be the case and businesses who adopt good financial and operational controls have shown themselves to be resilient.

Our team of construction sector specialists regularly advise a wide range of corporate and owner managed businesses, from large civil engineering contractors to specialist craftspeople. Tax planning and cash flow management are common issues, with HMRC known to have a particular focus on this sector along with insurance concerns, as risks and the threat of litigation continue to evolve.

Our specialist team of professional advisers can help you with all aspects of tax, accounting and insurance planning which relate to the construction sector. From auditing and payroll to raising finance and group reorganisations, we have experienced specialists who can look after all your financial needs, and with an in-house insurance team we can access the UK’s leading insurers to find the right cover for almost any construction-related risk. 


  • Accountancy

    With specialist advisers in each of our office locations, we have a strong understanding of the issues facing businesses and individuals operating in the construction sector, as well as a good insight into local markets and regional issues. We provide strategic business planning advice in relation to all aspects of the construction industry.

    In addition, we have experienced teams who can provide you with advice on:

  • Audit

    For many companies, the external audit process will be necessary in order to meet statutory and legal obligations and as such can often seem like a regulatory burden rather than anything of value.
     
    At Scrutton Bland we believe that, as well as providing the comfort that a robust audit can give, it is essential to demonstrate to the directors the added value that such a service can bring to understanding their business.
     
    We use the audit process to get inside a business and understand the vision and goals of the Board. Our in-depth knowledge and experience of the sector, over many years, ensures that we are well placed to provide relevant advice and suggest improvements around best practice and efficiency.
     
    In order to effectively audit a company in the construction industry it is vital to understand the processes behind costings and work in progress, and have intelligent conversations around the judgements made. We ensure that these conversations are held by senior members of our team, who will understand your organisation and the decisions that are being made.
     
    Our approach is to add value to your organisation by building an ongoing relationship, and by becoming a trusted adviser we can embed our knowledge and tailor our services to add the very best value we can.

  • Corporate Finance

    Our corporate finance team work with clients at every stage of their business evolution. From new management teams and owners looking for support in financing and structuring new ventures, to established businesses looking to expand or diversify existing operations, our experienced professionals can provide support at every stage.

    If you are looking to exit your business through sale or succession, our links into the local and national business networks mean that we are able to help clients to identify potential buyers and guide you through the process from valuation to completion.

    We can support you with:

  • Employee Benefits

    In an increasingly competitive employment market, attracting and retaining staff is becoming an important issue, particularly for the property and construction industries.

    Employee benefits and rewards are being used more and more to help employers build packages of benefits and perks which are driven around what your employees want and need, and which provides them with flexibility and choice.

    We can help with:

    • Employee benefits audit and review - We can benchmark and audit your existing benefits and make competitive and valuable recommendations tailored to you and your employees

    • Health & wellbeing planning - Employee assistance programmes, private medical insurance, occupational health, cash plans and absentee management systems

    • Financial education and communication – Help employees better understand their benefits packages and support them in making the right decisions and plans for their financial future

    • Flexible benefits - We can create a flexible scheme which suits the needs of your organisation and your budget, whilst at the same time giving your employees the power to make their own choices

    • Pension schemes - Our team will work with you at every stage, from day to day administration through to helping you wind up existing schemes and supporting you in setting up new ones

    • Company protection – Mitigate risks from shareholder protection to key person insurance and death in service arrangements

    • Tax advice & share schemes - Our tax and employee benefits teams can advise on, and implement, share schemes for your employees and advise executive boards on personal finances and investments such as personal tax returns, inheritance tax and trusts

    • Benefits consultancy & management – By analysing market trends and assessing new offerings we can ensure that your scheme is up to date and achieving the right results for your employees

  • Financial Planning

    Uncertain work patterns and industry volatility can make things difficult when it comes to making plans around your finances. But the diminishing state pension coupled with a need to make private provisions for your future requires consideration now rather than later.

    Our team of Independent and Chartered Advisers can help you work through ways to achieve your financial goals, whether you are an owner manager, contractor or employee. 

    If you are looking for advice on any aspect of setting up or managing a work based pension scheme, or want to find out more about auto enrolment, our Financial Planning team can work with you to find an effective solution for you and your employees.

    We can help with your planning around: .

  • Insurance

    Things can change rapidly in construction, so having an insurance adviser who can react quickly as your circumstances change is vital to protect both you and your business. From making additions to your Public Liability cover to ensure that you can carry out particular projects or providing cover for unscheduled equipment such as excavators when you need to get a job done, we have access to some of the UK’s leading insurers, and being independent means we can work on your behalf to get you the most competitive premiums from across the whole of the market.

    We have many years’ experience in working with contractors and organisations of all sizes and across all trades in the construction and engineering sector and can provide cover for a wide range of risks including:

  • Tax

    We regularly work with clients to provide advice on creating tax effective business structures which enable the preservation of a stable business for future generations.

    Our tax advisory services include:


    Construction Industry Scheme

    The Construction Industry Scheme (CIS) regulates the payments made from contractors to subcontractors in the building Industry. It is applicable to anyone who uses sub-contractors and who therefore must declare themselves as a contractor under HMRC rules.

    What is little known is that CIS can apply to a wider group than straightforward contractors and subcontractors, such as payments from a property developer to a building contractor and a range of other circumstances. 

    Under the scheme it is the responsibility of the contractor to collect and pay the correct amount of tax and to maintain an accurate record of the subcontractors who have undertaken work on their behalf, accurately declaring periods worked and payments made, including materials.

    Failure to accurately report or missed deadlines can result in severe fines and/or penalties which is why many contractors choose to pass this administration to professional tax advisers. 

    Our experienced tax team can support you in all aspects of with CIS including:
    • Advice on whether CIS applies
    • CIS registration and  compliance
    • Subcontractor payments
    • HMRC disputes and rebates