Case Study - Fire Safety Enquiry Defence

It is a nice to have cash injection, meaning that we will look at projects differently from an R&D perspective moving forwards. This is a benefit we weren’t aware of and it was nice to get cash back as it helps our balance sheet and may allow us to employ additional technical staff who can specialise in this area and win more work in the future.

Andy SpenceManaging Director

Challenge

Moving away old fashioned manufacturing methods and towards new, modern techniques, required a huge investment of £1 million in plant and machinery. Unsure of how to fund this and the most tax advantageous methods to do so meant turning to Wilby Jones.

Legacy manufacturing methods were holding back productivity and innovation.
Lack of clarity on funding options threatened to delay innovation plans.
Transitioning to advanced techniques demanded a major capital outlay.

Solution

Our client partnered with an accountant that fully understands their business. Through tailored strategies and clear guidance, they were able to gain the funding they needed and achieve the next phase of business growth.

Tailored financial strategies aligned with the unique needs of their industry.
Proactive guidance on funding and compliance to support growth and innovation.
Dedicated, hands-on support that goes beyond number-crunching.

Impact

Wilby Jones simplifies complex accounting tasks like payroll, saving valuable time and providing trusted guidance. This company has hassle-free peace of mind to focus on developing innovative firefighting equipment and pushing industry boundaries.

Reliable financial support frees up leadership to focus on core innovation and product development.
Trusted guidance ensures compliance and optimises financial performance.
Increased operational efficiency strengthens competitive advantage and growth potential.

Who was the client?

Our client is an SME (Small and medium-sized enterprise), that manufacture fire extinguishers in the UK. They are rapidly expanding and have experienced strong growth year on year. Recently, they’ve begun implementing expansion plans, with Wilby Jones providing guidance throughout the process, including advice on cash flow and the best funding options.

The new fire extinguisher they developed is one of their leading innovations. As a multi-purpose model, it is suitable for use on different types of fires including carbonaceous materials, flammable liquids, cooking oil and electrical. This removes the need for multiple extinguishers on site and ensures it’s the best solution for mostly any type of fire.

What challenges did our client face?

Our client made the bold decision to move away from outdated manufacturing methods and embrace cutting-edge technology. This strategic shift required a significant capital outlay, an additional £1 million invested in new plant and machinery within the year. Naturally, this raised critical questions: How should the investment be funded? What’s the most tax-efficient route to take?

What was the result?

Wilby Jones accounting team brought deep sector knowledge and years of experience to the table, offering guidance that was not only technically sound but also perfectly tailored to the client’s unique goals.

Wilby Jones implemented a smooth, stress-free process that freed up the client to focus on what they do best, running and growing their business. For this company, Wilby Jones isn’t just an accounting partner, they’re an embedded part of the team.

Who was the client?

What challenges did our client face?

What was the result?

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