As an industry that underpins the UK’s economy, our expert accountancy team understands the numerous challenges and opportunities faced by the manufacturing and engineering sectors.

Manufacturing & Engineering

Manufacturing and engineering businesses strive to maintain margins and compete effectively in an intensely uncertain and pressurised environment. They are subject to several uncontrollable factors including cost pressures, interest rates, exchange rates, market fluctuations and employment levels.

Our team provides clients with practical, profitable advice that is rooted in years of experience.

We can assist manufacturing and engineering clients with:

  • Budgeting, forecasting and managing cash flow, particularly through interest rate and exchange rate fluctuations
  • Financial due diligence advice
  • Minimising risk with pricing and supply fluctuations
  • Optimising stock control through the use of tailored systems
  • Implementing systems to maximise efficiency
  • Import and export issues, including foreign currency transactions and customs duty
  • Strategies to reduce energy and utility costs
  • Acquisitions, mergers and disposals
  • Raising finance for expansion, new machinery or equipment
  • Research and development tax credits, capital allowances tax relief and the new patent box regime
  • Tax efficient investment planning
  • Succession planning and exit strategies

Since its inception in 2000, Champion Accountants has secured more than £45million for its clients through the Research and Development (R&D) tax relief scheme. Designed to support businesses working to make advancements in their field, many manufacturing and engineering companies unknowingly qualify for the scheme. We have a 100% success rate in R&D tax relief applications, enabling greater cashflow, growth and further innovation.

SPEAK TO AN EXPERT

Ged Cosgrove
Ged Cosgrove
Group Managing Partner
Sue Harris
Sue Harris
Audit Partner
Debbie Thorn
Debbie Thorn
Audit Partner
Russell Spencer
Russell Spencer
Client Manager

WHAT OUR CLIENTS SAY...

“You wouldn’t necessarily link cardboard boxes and R&D, yet so much of what we do is bespoke development for our clients.

“Champion was brilliant throughout the entire process and able to extract all the information from me and ensure our claim included every possible investment, even down to the energy-efficient lighting that we use!

“We’ll always need R&D within our business and the money we’ve saved will help with cash flow and fund future investment.”

Kate Hulley, Managing Partner, Belmont Packaging

WHAT OUR CLIENTS SAY...

“After being told we didn’t have anything to claim for, we gave up and didn’t really think about R&D again until Champion spoke to us about it.

“At first I was very sceptical and worried about the amount of work that may have needed to be done by my team. From start to finish Champion made the entire process simple and have made us more aware of what we do on a day-to-day basis that can be used for future R&D claims.’’

Godfrey Evans, Managing Director at Swinton Electro Plating

WHAT OUR CLIENTS SAY...

“I have previous experience of claiming R&D Tax Relief, but it isn’t something that, as a company, we felt ready to pursue as our product is in its infancy. After we were informed of Champion’s previous work in helping fellow manufacturers claim R&D relief, we contacted them for support.

“Champion’s R&D advisors visited us in person, on site, and explained the whole process from start to finish. Everything was made to feel straight forward and the customer experience throughout the whole application has been excellent.

“Our R&D payment will mostly be used to undertake more research and development as we scale up the manufacturing of our product, and will enable us to purchase new machinery which will be essential in meeting the demand for our service.”

Martin Williams, Engineering Director at Cryoblast Deflashing UK Ltd

WHAT OUR CLIENTS SAY...

“We were looking to change accountant and Champion were recommended to us. We’ve been working with them for over a year and have been hugely impressed, they have been diligent and professional, they offered insightful advice and completed our year-end accounts, corporation tax, self-assessment tax returns, R&D tax relief claim and offered other tax advisory services.” 

“Champion went above and beyond, providing crucial advice, helping us identify efficiencies, alter business structure all leading to significant savings, invaluable to our business. I wouldn’t hesitate to recommend the Champion team.”

Nick Boothby, Director of Bedford Engineering

For more information about how champion accountants can help,

Contact your local champion office today.