HomeInsightsWork examplesFrom the city to corporate event management

Insights

Work examples // 05/02/2018

From the city to corporate event management

corporate event activity

Our client had been an IT Consultant in the City. However, he’d reached that point in his career at which it was time to do something different. He wanted to combine his favourite pastime with a business idea. Consequently, he decided to start-up a corporate events company.


Menzies were appointed as his accountants and business advisors. Very quickly the business was enjoying growth and Menzies were enjoying an annual corporate event, hosted by their client! As the relationship between Menzies and the client blossomed, so did the business.

An unexpected offer

puzzle piecesFive years into the business, the client decided it was time for investment. He considered different avenues, before deciding to go down the Crowdfunding route.

Through the Crowdfunding process, the client received an offer for his business. Menzies were mentoring him through the process and were asked to assess the offer. Clearly, he was tempted to realise the funds after all his hard work and initiative.

However, this was where our relationship with the client and the trust we’d built became very important. Menzies could assist with the sale and of course, make the appropriate fees. However, we felt that it wasn’t the right time to sell as the client was still ostensibly in start-up mode and would not be realising the true potential value of the business. Menzies had a conversation with the client to challenge the reason for selling and explore whether the reasons met with the overall objectives of our client, even if the money looked attractive in principle.

What happened?

The client concluded that the offer on the table didn’t ultimately align with his ambitions. The rejected offer became a watershed for the client to focus on his business ambitions and what an attractive offer should look like.

Menzies continue to mentor the client offering strategic business and tax advice as well providing accountancy services and look forward to enjoying many more annual corporate events, hosted by our client.


ENQUIRE


Strategic Business Advisory

The most successful businesses have a clear vision and joined up strategic thinking. We work with business owners to align their personal goals to their business plans. Our advisors work in partnership with you to develop a streamlined, profitable business that works as hard as you do.

We passionately believe that every business owner needs an advisor who really understands their goals. But why have one strategic advisor when you can access many who…

…GO BEYOND THE NUMBERS

…LIKE A FACE-TO-FACE APPROACH

…ARE MULTI-TALENTED

AND ARE YOUR TRUSTED ADVISORS.

Find out more about our advisory approach.

Print Friendly, PDF & Email


RELATED CONTENT
  • Brexit – Have you considered the implications?

    With the imminent deadline of 29th March approaching, the level of concerns raised by businesses regarding Brexit is reaching its peak. Unfortunately, the only certainty appears to be the uncertainty that Parliament is continuously propagating. As a result, the contingency plans of several leading businesses have recently been in the spotlight, with measures such as […]

    Print Friendly, PDF & Email
    READ MORE >
  • How will ‘Golden Visa’ reforms impact the UK economy

    Tier 1 visas, commonly known as Golden Visas, have become a big topic for the wrong reasons. It was declared that the scheme would no longer go ahead from 6 December, due to the introduction of the new scheme to be opened in 2019. However, this decision was reversed almost immediately. So, where does this […]

    Print Friendly, PDF & Email
    READ MORE >
  • Protection over interest for insolvent companies

    The Government aims to increase the protection of taxpayers’ interests during insolvency proceedings. They are also looking to introduce legislation that will crackdown on tax avoidance where there is a risk that the company may deliberately enter insolvency. 1. Increased Protection A briefing paper issued by HM Treasury, shortly after remarks made during the Chancellor’s […]

    Print Friendly, PDF & Email
    READ MORE >