Accounts and General Financial Advice

A building and maintenance company, which has been a client of Bryden Johnson for over 80 years suffered several years of difficult trading conditions. The company's performance suffered significantly and the directors tried unsuccessfully to find new customers and new markets.

It became clear to the shareholders and the directors that major changes would need to be made to the management and ownership of the company for it to continue.

They sought our advice and guidance as to how this might be achieved and several meetings were held with the three shareholders individually and collectively. Based upon our detailed knowledge of the company and its business but, more particularly, the individuals involved we were able to propose a practical solution, which met everyone's needs.

Furthermore, as well as assisting in the restructuring of the company and its reporting mechanisms, we used our other specialisms in taxation and financial services to ensure that the solution minimised the tax liabilities arising from the changes and also addressed the personal financial planning issues of the shareholders.

As a result of the reorganisation the company is showing significant profit growth and now has a newly energised board of directors and team of employees. Looking further into the future, a clear plan has been established for the successful passing over of the company ownership to the next generation of shareholders.