Menzies Business Sector Advice Services

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UK BUSINESS SECTOR ADVICE & EXPERTISE

Our key strength is focus. We focus on our clients – understanding your business via our in-depth sector expertise, which enables us to provide you with insights that add real value.

Our Relationship Partners focus on getting to know you. Research shows that 72% of business owners feel that meeting regularly with their accountant adds value to their business. We use a consultancy-led approach and a variety of diagnostic tools we’ve developed to challenge your objectives and guide your business growth.

WE CALL THIS #BRIGHTERTHINKING.

For more information or to enquire about our consultancy-led business approach, contact us.


Business Services

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The business services sector has delivered strong growth since the last financial crisis and the UK has gained an impressive international reputation for expertise in fields such as legal services, accountancy, financial services, media, advertising and management consultancy.

Other sectors including recruitment services and marketing firms have also experienced strong growth. Contributing £186 billion to UK Gross Value Added and employing around 4.6 million people, this diverse sector is vital to the UK economy and has a particularly high concentration of SMEs.

We advise lawyers, barristers, accountants, marketing, advertising and recruitment practices, as well as sector-dependent clients. We work closely to find solutions to industry issues, utilising our expertise in everything from business strategy and corporate finance, to audit and tax advice.

Financial Services | Recruitment Sector | Legal Sector


Hospitality & Leisure

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Consumer spending in the hospitality and leisure sector has remained strong despite the uncertain economic climate and low wage growth. A recent study by Mintel has forecast that we will be spending £141 billion on enjoying our leisure time by 2022 and tourism spend in the UK is forecast to grow to £257 billion by 2025. Due to this positive outlook, businesses in the sector – pubs, restaurants, hotels, health and wellness, gambling businesses and others are competing.

We advise hotels, pubs, clubs and leisure operators, as well as a number of sector-dependent clients. We work closely to find solutions to industry issues, utilising our expertise in everything from business strategy and corporate finance, to audit and tax advice.


Manufacturing

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The future of manufacturing industries globally is bright. According to IIoT World, 27% of worldwide manufacturers estimate at least a 10% YOY increase in revenues until 2024. This growth doesn’t come without challenges, such as trade barriers, political instability and keeping pace with technological advances, whilst remaining sustainable.

The UK itself is currently the 9th industrial nation in the world, accounting for 45% of the country’s exports and 69% of its R&D activity. Despite global economic uncertainty, UK manufacturers remain resilient and resourceful. Investment in automation and technology, combined with a focus on high-value manufacturing, is high on the agenda.

The Government’s Industrial Strategy has identified some key areas of opportunity for innovative manufacturers which promotes significant growth potential. As the need to be sustainable is becoming essential rather than desirable, more manufacturers are stepping up to meet the environmental concerns – and making cost savings in the process.

We advise a diverse range of manufacturers, as well as a number of sector-dependent clients. We work closely to find solutions to industry issues, utilising our expertise in everything from business strategy and corporate finance, to audit and tax advice.


Charities and Not for profit

The Charities and Not for Profit sector faces many challenges. The financial climate is an on-going concern, as income from local and national government continues to decline. Yet the provision of services by the sector continues to grow, partly due to demand, and partly due to government policy. The success of Charities and Not for Profit organisations ultimately relies on their reputation and good governance, but transparency and effective regulation of the sector all have a role to play.

The Charities and Not for Profit sector encompasses a wide range of entities carrying out diverse activities. Our Charities and Not for Profit sector experts understand the issues facing both trustees and executive management, supporting them with a range of services.


Property & Construction

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The UK property and construction sector encompasses a wide range of businesses from small scale buy-to-let investors to multi-national construction groups. Over recent years the sector has seen many changes, in particular the changing tax rules. The general economic environment and political uncertainty have had a significant impact on the sector.

On the up-side, the government has shown commitment to supporting the development of new housing and infrastructure, opening up opportunities to develop and invest in different types of property. New technology and innovative build techniques bring exciting new advancements to the sector and property is still regarded as a safe investment in the long term.

We advise commercial and residential developers, contractors, owners and investors, as well as sector-dependent clients. We work closely to find solutions to industry issues, utilising our expertise in everything from business strategy and corporate finance, to audit and tax advice.


Retail & Wholesale

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These are tumultuous times for the UK’s retail sector. A shift in consumer spending habits and the rapid growth of online shopping platforms, such as Amazon, has reduced footfall on the high street and placed increased pressure on the operating margins of many SME retailers.

Despite this, UK retail sales totalled £395 billion recently and businesses in the sector are striving to differentiate their offerings by providing an enhanced customer experience, easier access, improved payments and faster delivery.

We advise retail, wholesale and online retailers, as well as sector-dependent clients. We work closely to find solutions to industry issues, utilising our expertise in everything from business strategy and corporate finance, to audit and tax advice.


Technology

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The UK’s technology sector is thriving. Worth about £184 billion, the sector is growing 2.6 times faster than the rest of the economy and employment is high. Being innovative by nature, technology businesses rely on funding to succeed in developing products for today’s markets and those of the future.

We advise finance, fashion, marketing, clean tech and property-related technology businesses, in particular. We work closely to find solutions to industry issues, utilising our expertise in everything from business strategy and corporate finance, to audit and tax advice.


Transport & Logistics

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Today’s business owners in the transport and logistics sector face many challenges, which need to be managed successfully to build a strong and profitable business.

Lower operating margins, tough competition, driver shortages and rising costs, including those linked to the introduction of Clean Air Zones across the UK, are making it harder for all businesses to make a profit.

We advise transport and logistics companies, from air and sea freight forwarders and hauliers, to domestic and international couriers. We work closely to find solutions to industry issues, utilising our expertise in everything from business strategy and corporate finance, to audit and tax advice.

We advise transport and logistics companies, from air and sea freight forwarders and hauliers, to domestic and international couriers. We work closely to find solutions to industry issues, utilising our experience in everything from business strategy and corporate finance, to audit and tax advice.