Our Technology sector approach
Menzies technology team advise a wide range of tech businesses from scale-ups to multinational operations, from software platforms to space tech. We work closely with our clients to find solutions to industry issues, utilising our expertise in everything from business strategy and corporate finance, to audit and tax advice.
As a team, we ensure we work closely with the C-suite team to ensure the mission of the business is understood, and then look to support the growth plan with strategic advice combined with tax efficiency looking at all areas from seed capital to exit strategy.
Key challenges in the sector
The UK’s technology sector is thriving, continuing to be one of the fastest-growing sectors both in the UK and worldwide. Being innovative by nature, technology businesses rely on funding to succeed in developing products for today’s markets and those of the future.
With many sectors continuing to progress through the digitisation journey, and the drive to integrate AI across existing platforms, the marketplace looks to continue to grow. Whilst underlying reliance on tech giants is a factor, the dawn of Co-Pilot has accelerated many software products.
Key challenges to growth include a shortage of resource and skilled workers as well as access to growth capital.
The UK provides tax incentivises for investment in innovative start up and scale up businesses, ranging from the Enterprise Investment Scheme to Research and Development Tax Relief. However, UK tech businesses find it much harder to access investment to grow to the next level without losing independence.
