Setting up in
the UK

Supporting businesses with expert advice on UK regulations, tax, compliance, and strategic planning for a successful market entry.

Grants are often available to inward investors and can clearly help offset the costs of setting up an operation within the UK. As expert advisers, we can help you navigate this process by providing timely, proactive support throughout the process.

In the UK grants are delivered and administered by a wide range of organisations and the availability of funding varies between regions. It is important to understand the levels of support available to you across a range of scenarios to allow you to make an informed decision on where to locate your UK base. Our team have worked with over 400 organisations to secure over £375 million of grant support and so are well placed to provide advice and assistance on this matter.

The Department for International Trade (DIT) also has a raft of support available from government advice to interactive planning and market research tools to help you plan your import strategy.

You can find more information; https://www.great.gov.uk/services/

What are the key actions required for setting up a business in the UK?

Once you have established an appetite and an opportunity to bring your business to the UK, you will need to progress to a detailed plan of action.

Here are some of the factors you will need to consider.

  • Creating an appropriate, tax-efficient business structure is vital and you must secure a VAT registration before any trading begins.
  • In the digital age, systems will form an important part of the process. These could include accounting, pension, treasury, payroll, payment, invoice factoring and compliance systems.
  • Establish structures that ensure efficient cash flow and smooth repatriation of funds to keep your business liquid.
  • Carry out financial due diligence before proceeding with any planned acquisitions.
  • Implement tax planning to maximise reliefs and comply with international financial reporting requirements.
  • Ensuring your operations are fully compliant with UK law is a priority.
  • If you plan to relocate any staff, you may need to determine their tax status and check for any residency issues.

Reviewing the above issues will constitute an audit of the available opportunity. Being aware of the cultural and social differences within the UK market is an important consideration as what works within one market, may not work in another.

Our experts can help you assess the plan and decide how best to progress. They can help you avoid the pitfalls and expedite your journey.

We look forward to starting a conversation with you on how you could grow your business in the UK.

Michael led the team during the year long process of identifying a suitable buyer and negotiating the terms of the business sale to a larger engineering group. 

His level of professionalism and personal commitment, couple with a friendly rapport, was instrumental in achieving a successful outcome for all concerned.

“I have absolutely no hesitation in recommending Michael to provide Corporate Finance advice, with a confidence he can deliver excellent results.” – Paul Marshall – DESCO limited

To find out more about how our Corporate Finance team could assist your business, Contact Michael here. 

DESCO limited

Ben Richardson and John Lamb from Accedo Group, the parent company of Aldona Seals Ltd and Alpha process controls Ltd.
Accedo group acquired Aldona Seals and Alpha process controls in a management buyout in May 2020 and we supported them with the process. This involved preparing a business plan and projections to secure funding and producing some sensitivity analysis as part of the due diligence process.
They said;
“Clive Owen rose the occasion and helped us out immensely”.
“It’s a difficult process to go into when you’ve never done something like this before. Just having somebody who has experience, who knows the market and who you have to speak to.  The team provided guidance and made themselves available 24/7. It’s been a real help throughout the whole process”.

Accedo Group Ltd

Yorkshire Coast Caravans

Yorkshire Coast Caravans who have been a client of Clive Owen LLP for many years said: “We have found their professionalism, knowledge and guidance extremely beneficial to the smooth running and success of our business.

Ranging from day-to-day advice on general accountancy/taxation & regulatory matters to corporate planning & strategy. Clive Owen LLP have assisted the business to focus on its core strength areas and maximise potential.

We’d have no hesitation in recommending Clive Owen LLP and their helpful team to any prospective companies.”

Contact us here to find out more about how we could help your business.

Yorkshire Coast Caravans

PCE

PCE is headquartered in Teesside and has branches throughout Europe.  As the Group Finance Director, it is vital that I can rely on my advisors to help navigate the compliance and taxation issues that running a European group entails.  The business has used Clive Owen for nearly twenty five years and have worked specifically with Kevin Shotton for the last five.

Kevin and his team perform the full Group audit including our overseas subsidiaries. Further, as well as giving significant input on our UK taxation position, I can and do call on the team’s expertise to help with transfer pricing and other issues associated with running a multinational business.  I genuinely appreciate the time and effort that Kevin puts into the relationship; I know during our meetings that he will have considered issues from a number of different angles meaning he is able to present us with options that we might not otherwise have thought of.

This breadth of knowledge and ownership of the relationship mean that I cannot recommend him highly enough.

Ben Williamson