Examples of how we have helped our technology and telecoms clients...

  1. Alternative Investment Market (AIM) introduction
    Following an introduction from our international network, we recently acted as reporting accountants to this group of companies that designs, manufactures and markets machines for the production of credit, identity and other smartcards.   The company successfully listed on AIM and commenced trading at a small premium to the offer price.

  2. Global wireless network group
    This global wireless network group have operations in Europe, America, the Far East & Australia.  The group is an ambitious and well funded start up company but they required us to advise them on group corporation tax and VAT structures, which we did.  We now provide them with accounting services through our online accounting system and act as their general advisors for any business issues that arise.

  3. Mobile phone application provider
    We assisted a start-up mobile phone application provider in formalising their strategy for fundraising; helped them issue a prospectus to raise up to £4million; and acted as reporting accountants on this transaction.  We advised on tax issues regarding this transaction and established a structure that best served their needs. We now act as general advisers to this mobile phone application provider; preparing their annual financial statements, arranging their corporation tax and providing general advisory work as required.

  4. Mobile worker solutions provider – Blackbay Limited
    Our Corporate Finance experts undertook detailed financial due diligence on behalf of Close Venture Management Limited in respect of their investment in Blackbay Limited.  The due diligence was undertaken in close liaison with the senior management team of Blackbay, both in the UK and overseas, to ensure we understood their business, their strategy, and the key risks of delivering their business plan.  Our work involved detailed analysis and understanding of the historical trading performance to enable conclusions to be made in respect of the projected performance of the company.  (Blackbay is a provider of real-time mobile computing solutions that enable field workers to have better supply chain and field service mission critical software.)

  5. Research and development tax credits
    To date we have generated tax refunds and savings totalling over £1.5million for clients investing in research and development.  We pride ourselves on working in close partnership with our clients in order to identify all qualifying activities and related costs. By addressing research and development issues at an early stage, we have managed to obtain the Inland Revenue’s agreement to over 95% of the claims submitted without adjustment and in an extremely cost effective manner.

  6. 3-D breast imaging – Dexela Limited
    Our Corporate Finance team provided financial due diligence to Close Venture Management, in respect of their investment in the Dexela Limited.  Primary focus was given to review of the financial systems and controls and the tax status of the start-up entity.  (Dexela is currently developing world-leading technology for the acquisition, processing and visualisation of high resolution 3-D images of the breast for the early detection of breast cancer.)

  7. IT services business
    We have assisted on a management buyout transaction, helping an IT services business to merge its business, as well as devise and implement an Enterprise Management Initiative share option scheme.