DSW advises Tonkotsu on £5m investment

Tonkotsu – the ramen restaurant group – is set for expansion after securing a £5m investment from YFM Equity Partners. Will Baxter of Dow Schofield Watts acted as lead advisor to Tonkotsu on the deal. Tonkotsu, which is led by Managing Director, Stephen Evans, operates nine restaurants in London and one in Selfridges Birmingham, with … Continued

DSW Angels Shortlisted for UKBAA Best New Entrant to the EcoSystem

We’re delighted to announce that the DSW Angels have been shortlisted for Best New Entrant to the EcoSystem at the UKBAA Angel Investment Awards 2019! This Award recognises the most innovative and impactful organisation having recently entered the early stage market and that is making a significant and exciting impact on the entrepreneurial finance ecosystem … Continued

Capital Allowance – Plant and Machinery

Plant and machinery allowances may be given where a person carrying on a qualifying activity incurs qualifying expenditure. By Simon Denye, Partner, Dow Schofield Watts Tax Consulting LLP Qualifying activities are: A trade A property business (UK or overseas) A furnished holiday lettings business (UK or within the European Economic Area) A profession or vocation An employment or office … Continued

Dow Schofield Watts Boosts Top Team as it Targets National Growth 

Dow Schofield Watts boosts top team as it targets national growth  Dow Schofield Watts has made two strategic appointments to strengthen its management team as it prepares to roll out its brand in key cities across the UK.  Richard Evans joins as the group’s Operations Director, having previously been COO of the London investment bank Strand Hanson, while Nicole Burstow joins from Deloitte to become the group’s Finance Director.  Their arrival comes as Dow Schofield Watts plans to continue … Continued

Summary of Corporate Tax Issues Following an MBO

By Simon Denye, Partner, Dow Schofield Watts Tax Consulting LLP Introduction to MBO’s and Corporate Tax Issues Several new companies may have been incorporated and /or acquired as a result of a management buy-out (MBO). It is important that the directors of the new group are aware of the tax matters which may need to be … Continued

Conquering M&A – Earn-outs

Earn-outs An earn-out is deferred consideration dependent upon the future performance of the business being acquired. The principal purpose is to bridge the price expectation gap between the buyer who will pay a price on past profits and the seller who expects a price based on the future potential of the business. The difficulty for … Continued

Peter in running for Young Rainmaker Award

Dow Schofield Watts’ corporate finance team has been shortlisted in two categories in the 2019 North West Rainmaker Awards. The team is one of five in the running for the Corporate Finance Team of the Year award, while team member Peter Barkley has been nominated as the Young Rainmaker of the Year. Peter, aged 30, … Continued

London Buy For Perspective Financial Group

Chorley-headquartered Perspective Financial Group has opened its first London office through its latest acquisition, with Dow Schofield Watts in Warrington providing financial due diligence. The firm has bought Thornton Springer Financial Services in a move which expands its national network of operations to 15 including in Eastbourne, Marlborough, Chester and Newcastle. Thornton Springer Financial Services has been … Continued

Conquering M&A – Competition – UK Legislation

Competition – UK Legislation The Competition and Markets Authority (“CMA”) may initiate an investigation of a takeover if there is a merger situation qualifying for investigation (other than if covered by the European Commission). The CMA must initiate if it believes a relevant merger has been created which might be expected to result in a … Continued

Blue Logic Deal Set to Create “Northern IT Powerhouse”

A £7m-turnover IT services company with more than 500 business clients across Yorkshire and the North East has been acquired by a Manchester-based counterpart in a deal that is set to create a “Northern IT Powerhouse”, with due diligence support from Dow Schofield Watts. Blue Logic was established in 2007 and has its head office in … Continued

The Main Types of Company Reorganisation

By Simon Denye, Partner, Dow Schofield Watts Tax Consulting LLP Demergers Groups may want to split out their activities for many different reasons. There may be conflicting interests between shareholders, legal reasons to separate a trade out from the rest of the group with corporate protection, or it may be the only way for a … Continued

Conquering M&A – Completion Accounts – Checklist

Completion Accounts – Checklist Aide Mémoire This can only be an aid to guide the reviewer of a contract towards those areas of an acquisition contract which are of accounting significance and which might be sources of dispute in the future. At all stages you should be asking the questions: Is it clear? Is it … Continued

8 Weeks in Venture Capital

8 Weeks in Venture Capital By Oliver Rogers, Analyst in the DSW Angels Team My first few weeks in Venture Capital have taught me that it’s a non-stop learning environment. Dow Schofield Watts Angels receives about 50 applications for funding a month, so at any one time, there are many different businesses in the pipeline. … Continued

Family planning – the tax sort!

Transferring Shares in Family Company to Spouse – Gift or Sale? By Simon Denye, Partner, Dow Schofield Watts Tax Consulting LLP Owning your company jointly with your spouse is standard planning where one of you pays tax at a higher rate than the other (or one of you pays no tax at all). The idea … Continued