Construction

Building a better business future

Construction sector

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 team

Working with a 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:

Find out more about our accountancy offering for the construction sector.

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.

Find out more about our Audit service

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:

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:

Find out more about insurance  for those in the construction sector.

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

Find out more about our tax offering for the construction sector.

Get in touch for forward-thinking, impartial advice

With offices in Cambridge, Colchester, Diss and Ipswich, we’re close enough for personal meetings with clients from anywhere across the East of England. Got something on your mind? We’ll be happy to listen and give you our thoughts.

Call us on 0330 058 6559
Email us at hello@scruttonbland.co.uk

Scrutton Bland Office

The inside track

Read more News & Views