We advise a number of clients in the drinks sector across the UK and our experience spans working with independent microbreweries to some of the larger distilleries and breweries.
Our wide and varied experience includes advising our clients in relation to finding investors or funding options for future growth, acquisitions, sales, debt advisory, tax planning, VAT and duty reviews; together with traditional compliance services.
As one of the most competitive business environments to operate in, the financial aspects of managing a drinks business can be complicated. Our knowledge enables us to help you plan and address the key accounting risk areas such as the complex duty issues, VAT compliance and stock control using the benefit of our prior experience.
One of the biggest issues we encounter with our clients in the sector is cashflow management. Brewing and distilling, and the drinks sector generally, is high in capital intensity and issues such as the rising cost of barley and hops, managing relationships with suppliers and the long production cycle of whisky means that you have to ensure that you have the correct capital and debt structure in your business for it to succeed.
We regularly work with our clients to provide integrated financial cashflow projections and highlight areas where fixed costs can be reduced or the debt structure changed to help increase your chances of success and help you plan for the future.
What’s more, our drinks industry accountants are passionate about the sector and have a good understanding of current issues. With a network of contacts focused on the sector, including bankers, lawyers, insurance brokers and funders, we have our fingers on the pulse of the market and an understanding of the wider sector issues that may affect you.
Our team’s collective knowledge, experience and connections within the industry allow us to help all our brewing and distilling clients by providing informed advice on key areas and issues you are likely to encounter at different stages of growth.
For more information about the accounting and tax services we provide to the sector, click here.
For information about the corporate finance and business advisory services we provide to the sector, click here.