UHY Connect issue 2 - Summer 2015

Alumni newsletter

Helping you prosper

UHY Connect

A WARM WELCOME

Welcome to the second edition of UHY Connect, our newsletter developed exclusively for our alumni to keep you up-to-date with former colleagues and the latest news and developments within the UHY Hacker Young Group.

In this issue we take a trip down memory lane as we celebrate the 90th anniversary of our London and Nottingham firm, we share details of our 2020 Vision, and we turn the spotlight on our newest national sector team who are taking the automotive industry by storm. We also catch up with some of our alumni to find out what they are doing now and take a look at what two of our former colleagues got up to when they reconnected off the back of featuring in our previous issue of UHY Connect!

Please do keep sharing your news with us – we are always keen to hear from you and, with your permission, you may feature in our next edition of UHY Connect. And remember, if you are a member of LinkedIn, you can join our UHY Hacker Young alumni group to stay connected with former colleagues and UHY.

As we celebrate the 90th anniversary of UHY Hacker Young, we recognise that we are very fortunate to have worked with a fantastic team of people over our history and, whichever office you worked for, I would like to thank you all for sharing this journey with us, and helping us become the ambitious Group that we are today.

Jon Warsop, UHY Hacker Young Group Chairman

As we celebrate the 90th anniversary of UHY Hacker Young, we recognise that we are very fortunate to have worked with a fantastic team of people over our history.

Summer 2015

CONTENTS

LATEST GROUP NEWS 2

UHY’S 2020 VISION 3

DOUBLE WIN AT SCOTTISH ACCOUNTANCY AWARDS 2015 3

CELEBRATING 90 YEARS 4

DOUBLE TAXATION AWARDS WINNERS! 4

TECHNICAL SPOTLIGHT 5

LINKEDIN GROUP - ARE YOU A MEMBER? 6

QUICK AND EASY ACCESS TO KEY UK TAX INFORMATION 6

WHERE ARE THEY NOW? 7

YOUR NEWS 9

LAUNCHING A NEW ATTACK ON THE AUTOMOTIVE SECTOR 10

AND FINALLY... 11

STAYING IN TOUCH 11

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LATEST GROUP NEWS UHY HACKER YOUNG HITS THE TOP 15

The UHY Hacker Young Group has reached position 15 in the latest UK accountancy league tables. With a fee income now in excess of £52m, over 500 professional staff and more than 100 partners, the Group has grown from strength to strength to reach this notable position.

NEW PARTNERS

We are pleased to announce a number of recent partner appointments across the Group, enhancing our expertise across a range of disciplines:

LONDON:

Daniel Hutson has been promoted to partner. He joined our London office in December 2011 having previously worked for over

eight years at another City firm. Daniel heads the London office financial services team and has a wealth of experience in auditing both listed and private companies across a range of sectors including natural resources, financial services, shipping, property and the general corporate market. He has also assisted many companies with their admission to the London Stock Exchange through the IPO process and undertaken financial due diligence projects in both the UK and overseas.

LETCHWORTH:

Graham Boar has been with our Letchworth office for over a decade, and in 2015 he joined the firm’s board of directors. He joined our Letchworth office as a

graduate in 2003 and qualified as a Chartered Accountant in 2006, before transitioning from general practice into tax soon after. In 2012 Graham qualified for, and became a full member of, the Society of Trust and Estate Practitioners (STEP) and is now responsible for ensuring that the tax obligations of the firms’ private clients are met.

GLASGOW:

Graham Cunning has been appointed as a corporate finance partner. Graham, who previously worked in two of the Big Four firms as well as holding senior positions in

Helping you prosper

banking, has acted as a consultant for our Glasgow office for the past two years. He will use his skills and experience in M&A, strategy, private equity and banking to provide corporate finance advice to companies and shareholders, as well as continue to develop relationships for the firm with corporate targets.

Murdoch MacLennan has joined as a partner responsible for driving the firm’s business development across the owner managed business market in Scotland.

Murdoch has had a very successful career in banking, and is a well-known face in the business community in Central Scotland. In his time at Clydesdale Bank, Murdoch developed an extensive, sector diverse knowledge base. He has an established track record of delivering commercially focused business solutions to clients.

Craig Coyle has been promoted from director to tax partner. He has provided tax consulting advice to companies and their

shareholders for over fifteen years, with clients ranging from owner managed businesses to large multinational groups. Craig has particular experience of providing tax support for transactions, dealing with international matters and regularly works with clients on the restructuring of corporate groups in order to optimise the tax efficiency of structures, including advice on demergers and Entrepreneurs’ Relief for shareholders.

RETIREES

YORK:

Julia Judson-Smith and Keith Ward, both partners at our York firm UHY Calvert Smith, retired in March of this year. Both were long serving members and had spent a combined total of over 50 years at the firm.

Julia joined in 1997 from Price Waterhouse Coopers in Newcastle as a tax manager before becoming a partner and then managing partner

12 years ago. During this time, Julia’s expertise in taxation led to the firm’s expansion into the trusts and landed estates sector which resulted in many long standing trust and estate clients for whom Julia played a key role.

Keith also had many long term business relationships, having joined UHY Calvert Smith in 1982 and becoming partner in 1984. His

specialisms were within small and medium sized entities and he won the West Yorkshire Society of Chartered Accountants ‘Everybody Counts’ award in 2003, in recognition of his work for local sports charities.

A buffet and drinks reception was held in March at The Merchant Taylors Hall in York to give clients and staff the opportunity to say goodbye and wish Keith and Julia a very happy retirement!

MANCHESTER:

Eddie Stanton, a tax partner in our Manchester office, retired in January. Reminiscing about the early days of his career, Eddie said

“I joined the Inland Revenue at the age of 16 in the Summer of 1965, when the Hollies were top of the charts with ‘I’m Alive!’ Corporation tax and Capital Gains Tax had both been introduced in April that year.” Looking forward, he admits that “although the prospect of retirement was pretty scary initially, I am now looking forward to golf, cooking, walking, learning to play a musical instrument and, best of all, spending more time being a grandad.”

The UHY Hacker Young Group reached position 15 in the latest UK league tables, with a fee income now in excess of £52m.

ALUMNI NEWSLETTERSUMMER 2015

The priority for the Group over the next five years is to look at the methods for achieving sustainable growth whilst ensuring we deliver the best possible advice and client care to the widest possible range of clients.

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Jon Warsop Group Chairman

We want everyone to know about and benefit from our international capabilities through UHY International, our cohesive international network comprising individuals from all regions who work together regularly and take time to know each other. If you are already operating overseas, or you plan to do so in the future, we want you to know that this is the network for international business.

We are looking to address the technological developments happening across ours and other sectors, in order to offer our clients an even faster and more efficient delivery of service.

We want to combine all of these factors in order to deliver an exceptional level of client service, with a dedicated partner to manage the client relationship and a team and service that is tailored to each client’s needs and long-term objectives. Ultimately we are passionate about helping you prosper.

Look out for more details about our strategy and its implementation in future issues of UHY Connect.

After saying a fond farewell to Howard Spencer as the Group Chairman at the end of 2014, we welcomed Jon Warsop into the role and kick started 2015 with a focus on our Group strategy for the next five years, UHY’s 2020 Vision.

As a national Group, we have set objectives and goals for our UK team that are realistic and achievable yet will challenge us over the next five year period to 2020. Our strategy looks at our own growth and the methods for achieving sustainable progress, whilst meeting the ever-evolving needs of our clients and developing our ability to better share our experience and knowledge with our clients.

LOOKING TO BUILD ON OUR STRENGTHS

We recognise that we have a fantastic team of UHY people who strive to be trusted advisers for all of our clients’ business and personal financial needs. We want to ensure that we keep these people and that we attract others just like them.

We are looking to develop and share our specialist sector expertise across more industries and markets, finding new and more efficient ways to share the benefit of our insight with our clients in these sectors.

UHY’S 2020 VISION

which we share with our clients, always with the aim of helping their business prosper and grow.

In planning for the future, we have a focus on investing in the next generation of accountants, ensuring that they develop as well rounded business advisers. The firm is delighted with these awards which are a reflection of the hard work and dedication of our staff to ensure that our clients’ best interests are our priority.”

Our Scottish member firm, Campbell Dallas, has scooped a double win at the prestigious annual Scottish Accountancy & Finance Awards 2015, held in Glasgow in June.

The firm won the top award – ‘Accountancy Firm of the Year’, whilst its HR team also picked up the award for ‘Training Team of the Year’.

Managing Partner, Chris Horne, said: “As a firm we have mapped out a clear vision, which we have shared with all our staff. Our fee income continues to rise year on year and we are investing in our staff and partners to help drive forward our five year growth plan. Our strategy is quite simply to look after our clients and staff. We have a strong network of connections at all levels within the business community in Scotland

DOUBLE WIN AT SCOTTISH ACCOUNTANCY AWARDS 2015

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CELEBRATING 90 YEARS

Helping you prosper

This year our London and Nottingham firm are celebrating the 90th anniversary of UHY Hacker Young, having developed from its modest beginnings into today’s thriving Top 15 UK accountancy network with a global presence through UHY International.

Our last anniversary celebrations were in 2000, when UHY Hacker Young - or Hacker Young as it was then - turned 75 years. In the subsequent fifteen years, we have witnessed significant growth and development within UHY; across our London and Nottingham firm, within the UK Group and throughout our global network.

In May we marked the official celebrations with a drinks reception, attended by over 240 guests, in the elegant surroundings of the Wallace Collection in London. Ladislav Hornan, London managing partner, welcomed guests and acknowledged how far the UHY UK Group has come since the founding of the London office by Jonny Rubens and Mark Hacker back in 1925.

During his speech, Ladislav recognised that “while we have achieved much in these last fifteen years, our appetite is for more growth and evolution.”

The occasion was then marked by the unveiling of a specially commissioned piece of artwork by the street artist ‘Pure Evil’ which now resides in our London office reception alongside another Pure Evil piece ‘New logo for the Hackney Looting Team’. The latter piece was made famous during the London Olympics when Pure Evil graffitied the art on a wall at Broadway Market in East London.

The specially commissioned artwork is also included on the cover of our new publication, UHY in 2015: Celebrating 90 years, which is available to download via our website. The publication provides a profile of the firm today as well as highlighting significant achievements since our 75th anniversary – we hope you enjoy the read!

Our London office tax investigations team had a pretty successful evening at Taxation Magazine’s National Taxation Awards 2015, when they returned with not one but two awards! The team won the Tax Team in a National Firm category and also the Tax Investigations Team category at the awards.

The tax investigations team is led by Michael Avient who joined the firm in 2013, bringing 22 years of experience in investigation and litigation work. His team was further augmented by the appointment of Heather Williams, who is listed in Tax Journal’s 40 under 40 compilation for 2015.

The team have been at the forefront of the current evolving tax environment, resolving complex issues faced by High Net Worth Individuals subject to investigation as well as challenging the issue of Accelerated Payment Notices and the legality of the relevant legislation. You can read more about the team and their work on our website.

The national awards recognise the best in the taxation industry, celebrating excellence and promoting the highest standards possible. We are delighted that the team has been recognised for their significant technical knowledge and hard work.

DOUBLE TAXATION AWARDS WINNERS!


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RECENT IFRS STANDARDS AND INTERPRETATIONS - AS AT 31 MARCH 2015

Our New IFRS and interpretations technical bulletin is now available to download.

The bulletin provides a high level overview of the most recently issued International Financial Reporting Standards (IFRS) and interpretations, in order to assist entities in complying with international financial reporting requirements, namely IAS 8 disclosure requirements relating to changes in accounting policies.

At the end of the bulletin is a schedule which can be used as a checklist by preparers or auditors of accounts and so that all new financial reporting requirements have been fully considered in the period end process.

This bulletin is updated quarterly and the next instalment is due in August.

LDF SET TO CLOSE ON 31 DECEMBER 2015

With HMRC entering into a long succession of information exchange agreements, the chances of the tax man finding out about offshore assets - whether in Liechtenstein, Switzerland or anywhere else - is now extremely high. If you have undeclared UK tax liabilities you have two choices: to wait until your turn comes or to get in first with a disclosure of relevant income and gains. If you are going to disclose, it usually makes sense to take advantage of the very generous terms of the Liechtenstein Disclosure Facility (LDF).

Despite the name, the LDF is open to almost anyone with undeclared tax liabilities associated with any offshore assets. However, time is running out to use the facility, which is due to close at the end of 2015 ‘in advance of a new disclosure facility’. It is understood that the new facility will be time limited and on less generous terms, but full detail will be unveiled soon.

For information on the LDF and in order to understand whether or not this is the best course of disclosure for you, please download our factsheet from our website.

2015 SUMMER BUDGET

George Osborne presented the first Budget of this full Conservative Parliament on Wednesday 8 July 2015.

In his opening comments, Osborne stated he was going to deliver a “big Budget for a country with big ambitions… to secure Britain’s future.” The speech set out his plans for the next five years “to keep moving us from a low wage, high tax, high welfare economy; to the higher wage, lower welfare country we intend to create.”

As with all Budget announcements, we provided live Twitter commentary on the Budget as it happened, and have also produced a summary of the main changes that will quickly bring you up to speed, focusing on the issues likely to affect you, your family and your business.

Main Budget tax proposals

• New taxation system for dividend receipts for individuals.

• Proposals to restrict interest relief for ‘buy to let’ landlords.

• Extension to the Inheritance Tax nil rate band available.

Other tax changes

• An announcement on the amount of the Annual Investment Allowance available to businesses from January 2016.

• Removal of the tax relief available on the acquisition of goodwill and customer related intangibles.

• An increase in the NIC Employment Allowance.

To help you decipher what was announced we have included our own comments. You can download our 2015 Summer Budget summary here.

TECHNICAL SPOTLIGHTWe provide regular and timely advice on a variety of topics including accounting issues, tax news and developments, VAT issues and much more. Outlined below are some of the latest issues that may affect you.

KEEPING YOU INFORMED

All of our most recent factsheets and publications can be downloaded from the resources and publications section of our website. If you would like us to automatically send these updates to you by email in the future, please email your details to [email protected] or subscribe to receive your selection of our publications via the subscriptions section on our website.

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LINKEDIN GROUP - ARE YOU A MEMBER?

Version 2.2 of our iPhone tax app, UK tax hub, has been released!

As well as all of the latest UK tax rates and tax dates, the latest version of our app includes functionality such as a new personalised section called ‘my tax dates‘, which allows you to add your key business dates to your calendar (such as reminders to send the annual return and filing fee to Companies House, or that corporate tax payment is due with HMRC), as well as social sharing options.

You can download the app on the App Store here: UK Tax App, or alternatively type ‘UK tax hub’ into your App Store.

If you already have the app it is worth noting that whilst most iPhone’s are set to automatically install updates, if the information in your app appears to be out of date, you will need to go into the ‘update’ tab within the App Store on your iPhone and install the update.

If you have any queries relating to our app, please contact the UHY marketing & BD team at [email protected] or 020 7216 4650.

QUICK AND EASY ACCESS TO KEY UK TAX INFORMATION

We want to hear about your news and we would love for you to start discussions within the group.

Helping you prosper


Following the launch of our alumni LinkedIn group at the start of the year, the group now has almost 200 members.

The aim of the group is to provide a private community for our alumni and current staff to make contact, post discussions (technical or otherwise), access our latest newsletters including UHY Connect, and share news. We will also be sharing details of forthcoming events via the group, including details of alumni events, so make sure you have joined the group to hear about these events first.

The group is a great way to stay connected to UHY and former colleagues. If you are already a member of LinkedIn but you haven’t joined our alumni group, you can do so easily by submitting a request to join via this link: UHY Hacker Young Group alumni.

And remember, we want to hear about your news and we would love for you to start discussions within the group – the more of you that join and participate in the group, the more useful it will be!

If you would like to join the group but are not yet a member of LinkedIn, we have produced a useful guide to help you set up your profile and get the most out of LinkedIn.

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WHERE ARE THEY NOW?We recently caught up with some of our alumni to find out what they are doing now and how their time at UHY Hacker Young helped them get to where they are.

PAUL SHERMAN

Paul joined our London office in 1983 as an audit junior, in the days of senior partners Stuart Young and Arthur

Harvard. His career began at 19 years old, after a one year accounting diploma at City of London Poly. As the youngest of 13 new recruits, Paul qualified as a Chartered Accountant when he was 21 years old.

Of his time at Hacker Young (in the days before we added UHY to our name), Paul says “I learned from seniors like Sammy Elijah, David Marks, Dave Hoskins, Paul Tuhrim, Michael Needleman, Charlie Moore and Nigel Gamble. I worked on clients such as Windsmoor, Carlton Communications and Tangent, in vastly different industries and spent my last year working on acquisitions and stock exchange flotations. My experience was more varied and the responsibility given to me was invaluable. Whenever I attended training, I found that my experience was far broader than those attending from the big eight firms. I worked for several partners, but mostly for Howard Spencer, who I admired and respected immensely. I am fortunate that we have remained in touch for the 28 years since I left the firm in 1987.”

For the past five years, Paul has been Chief Financial Officer at ABB Optical Group, based in South Florida in the United States. ABB supplies 30,000 eye doctors, retail stores, hospitals and universities, with brand name contact lenses and other optical products. The company’s revenue exceeds $1 billion and has grown rapidly through acquisitions and organic growth, at levels above the industry’s growth.

After his time at UHY, Paul became assistant controller at Charterhall PLC, an acquisitive public company with operating businesses in various industries. In 1989, he emigrated to the U.S. and initially joined a corporate finance consultancy. Paul then went on

to join Burger King Corporation, which is headquartered in Miami and at the time was owned by Grand Metropolitan PLC, which then merged with Guinness to form Diageo PLC. In his ten years there, Paul served in nine roles of increasing responsibility, including CFO for the company-owned restaurants and Vice President, Operations Excellence. Paul later spent seven years at LNR Property Corporation, a multi-million dollar real estate business that invests in commercial mortgage loans, commercial mortgage backed securities and complex financial instruments.

Paul says “I have always been appreciative of my foundation at Hacker Young, which taught me never to be out-worked, the importance of having fun and set the tone for applying my skill sets in varying industries. As a result of my own foundation, I have always placed greater importance on a person’s attitude, infectious enthusiasm and willingness to work hard and learn, than on their degrees and qualifications or the university they attended. Hacker Young showed me that success is only generated by giving well-deserving people responsibility, opportunity and exposure, focusing on their growth, challenging them to raise the bar, celebrating their successes and rewarding them.

Most memorable about my experience at Hacker Young was the camaraderie with my fellow recruits, as well as with people junior and senior to me. I enjoyed working at clients, but cherished the days in the office after we hadn’t seen each other for weeks. I was, and have always been, proud to tell people that I began my career at Hacker Young.“

Helping you prosper


I was, and have always been, proud to tell people that I began my career at UHY Hacker Young.

Paul ShermanChief Financial OfficerABB Optical Group

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Robert says “my time at UHY has been of huge benefit to me. The exposure to many different industries has helped me gain the experience required in my current role.

I use this experience to develop and strengthen the audit and compliance function at the ESC and I am often referred to for audit advice and compliance matters because of the experience I have gained.

My most memorable time at UHY was, of course, my secondment to the Melbourne office in Australia. It was such a great experience, I felt a great deal of achievement to be able to audit for a fellow UHY network member on the other side of the world. Another memorable experience was generally my time in the Nottingham office, I do miss the partners and the staff there, so much so that when I was last in the UK in July 2014, I popped in to say hello!”

ROBERT GRAY

Robert joined our Nottingham office as an audit senior at the end of 2005, having completed his ACCA exams

with a medium-sized firm of chartered accountants in Leicester. Following qualification, he took the decision to join UHY to increase his exposure to varied audit and accounting assignments.

Having been promoted to audit supervisor in 2007, by July 2008 Robert managed to negotiate a three month secondment with UHY Haines Norton Chartered Accountants in Melbourne, Australia. Robert says: “This was a fantastic experience, made possible by working with understanding bosses and within the global accountancy network of UHY. The partners at the Melbourne office provided me with an unforgettable experience and plenty of work due to the fact that July to September is their end of financial year busy season. Everyone at the Nottingham office assumed I was going to relax on the beach!”

After five and a half years in Nottingham, Robert took a permanent role as audit supervisor with UHY Haines Norton. Here he continued to gain much exposure to a wide range of private companies, industries, financial institutions, not for profit organisations and a large amount of auditing on behalf of the Victorian State Government, including the whole of the Greyhound and Harness Racing industry in Victoria.

After two years at UHY Haines Norton, Robert moved to the Essential Services Commission (ESC), the state of Victoria’s independent economic regulator of the electricity, gas, water and sewerage, ports and rail freight industries. The ESC also administer an Energy Saver Initiative, designed to make energy efficiency improvements more affordable for homes and businesses. So far Robert has held two roles within the audit and compliance team at the ESC, one role within the Energy division, which works with the energy retailers and distributors, and another role within the Energy Saver scheme.

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A fantastic experience, made possible by working with understanding bosses and within the global accountancy network of UHY.

Robert GrayAudit and Compliance OfficerEssential Services Commission

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YOUR NEWS

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FRIENDS REUNITED!

In our last issue of UHY Connect we featured profiles on David Symes and Gilbert Loke. Both David and Gilbert worked in our London office during the mid-80s and struck up a good friendship during that time. Having lost touch over the years, they were delighted to see they both featured in UHY Connect and got back in touch as a result.

David, who spends a lot of time in Hong Kong where Gilbert now lives and works, got in touch with us to ask for Gilbert’s contact details.


LET US KNOW YOUR NEWS

We are currently on the lookout for alumni who would like their profile to appear in the next issue of UHY Connect.

If you are interested in sharing your achievements with our alumni community, please contact:

Georgina Blythe t: 020 7216 4650 e: [email protected]

LONDON TO PARIS

We recently heard from Paul Rosen, who worked at our London office as an audit manager before joining a client as finance director in 1992. Paul’s time at UHY included a year working for UHY in New York, in what was one of the first international staff secondments ever undertaken by the UHY Group.

Now CEO at MPL Home Ltd, a houseware company specialising in the design, sourcing, import and distribution of home related products, Paul is still in contact with former Group Chairman and London audit partner, Howard Spencer. Paul got in touch recently to let Howard know about the London to Paris bike ride that he took part in. The ride is an amazing charity challenge starting from the UK’s capital, through the English countryside over to rural France and on to the heart of Paris, finishing under the Eiffel Tower.

Having swapped a few emails, David promised to catch up with Gilbert on his next trip to Hong Kong.

Despite not expecting to arrive at his hotel until 10.30pm following a ten hour trip from Dubai, after landing David rang Gilbert who was still in his office (which happened to only be a two minute walk away from David’s hotel). The two contemporaries met up and kept the bar open till past 2am as they reminisced and recounted stories of their time at UHY!

Paul finished the 512km ride after 22 hours and 40 minutes in the saddle, having achieved an average speed of 22.5km an hour with a total climb of 4500m. We would like to congratulate Paul on completing this incredible challenge and raising over £3,500 for Chai Cancer Care.

We are proud of the achievements of our alumni and interested in where your time at UHY Hacker Young has taken you.

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SECTOR SPOTLIGHT: LAUNCHING A NEW ATTACK ON THE AUTOMOTIVE SECTOR

THE DRIVING FORCE BEHIND OUR AUTOMOTIVE OFFERING

David started his career 14 years ago in a boutique accountancy firm, specialising in the automotive sector. He successfully joined the

management team after a short period and delivered significant growth, including setting up a corporate finance department early on. Since then he has gained his Corporate Finance (CF) qualification and achieved partner status in 2012. In early 2014, David joined UHY Hacker Young as a partner in our Manchester office to drive the business forward and is currently working on a large number of corporate engagements, having completed six deals this year already with numerous close to fruition.

David has acted as a trusted adviser for numerous privately owned businesses, and taken a lead advisory role on in excess of 100 transactions with estimated combined value of circa £350m. With significant experience in the automotive sector, he is known as one of the leading professional advisers in the marketplace and has an extensive network of contacts in the industry. His enthusiasm, energy and drive have made a significant impact in the UHY Group already over the past 18 months.

Outside of work he enjoys many sports including football and golf, as well as being Chairman of Lindow Cricket Club where he has played for over 18 years. His objective is to develop local cricket at both junior and senior levels, as well as ensuring the club’s long term future through a solid financial cash position. He is regularly involved in fundraising events to help support the club and local charities.

David can be contacted on 0161 236 6936 or at [email protected].

Our UK Group has, for many years, promoted our national capability within the motor trade and transport sector. Our client base has ranged from small garage owners and car hire companies to large independent franchise dealerships and owner managed haulage and storage companies. A bout of new partner appointments last year within our Manchester office, however, has added a whole new dimension to our coverage of the sector and with it a new national sector group for UHY.

The three new partner appointments cover audit, tax and corporate finance. Their offering is further complemented by the recent appointment of an ex motor retailer to the team and, between them, they have over 50 years’ experience within the automotive sector.

They are well regarded as specialists in this sector, having worked with most ‘household name’ franchised dealer groups in the UK. In addition to providing traditional audit and tax services, their experience also covers more industry-specific financial and operation consultancy projects (including Internal Business Reviews ‘IBRs’, profit optimisation and new market entry assignments) across the UK and Europe on behalf of institutional lenders and Original Equipment Manufacturers.

All three partners joined the Manchester office from a specialist automotive accounting firm and are focusing their combined efforts on national dealer networks. The partners are supported by UHY’s national automotive team, to ensure we are able to combine a local responsive service with deep and wide ranging automotive skills and experience.

Mike Wasinski, Manchester office managing partner, said:

“These appointments take us firmly into the sector, packing a real punch against our main sector competitors. We have already held more than 50 meetings with prospective clients within the sector and have many more in our sights.”

To read more about the team’s experience and the specialist services we provide to the automotive sector, please see the automotive section on our website.

A bout of new partner appointments last year within our Manchester office, has added a whole new dimension to our coverage of the automotive sector and with it a new national sector group for UHY.

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AND FINALLY...

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STAYING IN TOUCH

We hope that UHY Connect and our LinkedIn alumni group will act as the first step towards building a unique alumni community that will benefit both past and present employees of UHY.

We would appreciate your thoughts, ideas and suggestions on our alumni programme going forward.

If you would like to contribute to the next issue of UHY Connect please contact us at: [email protected].

UHY 101 DOGGY PADDLERS WIN THE 2015 DRAGON BOAT FESTIVAL

The 2015 Dragon Boat Festival, held in May at Brindley Place in Birmingham, involved 20 teams competing in a series of heats in traditional Chinese longboats along the Birmingham Canal Old Main Line.

The teams that took part were assigned a specific year for fancy dress between 1995 and 2015 to celebrate Brindley Place’s 20th anniversary with the aim of raising £100,000 for a local charity, Cure Leukaemia.

UHY were allocated the year 1996 and decided on 101 Dalmations as the theme, going by the name ‘UHY 101 Doggy Paddlers’. The team won all five races, beating the sponsors Deutsche Bank in the final (who were dressed as the 118 telephone operating men!). Our Birmingham team raised over £2,000 for Cure Leukaemia.

THE BEN NEVIS CHALLENGE IN AID OF TOM’S TRUST

On 12 September 2015, colleagues from our Letchworth, Royston and Cambridge offices and their sister companies, Virtual Business Source and Provisio, will be taking on the Ben Nevis Challenge!

The challenge includes trekking to the summit of the tallest peak in the British Isles, cycling 25 miles through the beautiful Scottish highlands and canoeing a 3km course on a loch in one day.

The three teams are fundraising for Tom’s Trust, a charity that was set up by Provisio’s managing director and his family after his son, Tom, passed away from a brain tumour aged nine.

In partnership with Addenbrooke’s Hospital and two other charities, Tom’s Trust has funded and launched “Brainbow” – the UK’s first rehabilitation service dedicated to children with brain tumours. Tom’s Trust is currently raising funds to expand and continue this service so that all affected children in the East Anglia region can be given the best chance to achieve their true potential.

It goes without saying that all donations no matter how small will help make these children’s lives better and go a long way to helping them in their recovery from this life-changing disease.

If you would like to make a donation and contribute to their efforts to raise over £6,000 for this fantastic charity, please visit: www.justgiving.com/teams/teamtombennevis.

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FORTHCOMING EVENTS

We run regular events across the UK from business clubs, round table events and technical seminars to golf days and networking events. To view all of the upcoming events being hosted by our offices, please visit the Events page on our website or email Rae McCarthy, national marketing and BD executive at: [email protected].


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ScotlandAberdeen Campbell DallasPhone 01224 623 111Email [email protected] Campbell DallasPhone 0141 886 6644Email [email protected] Campbell Dallas Phone 01738 441 888Email [email protected] Campbell DallasPhone 01786 460 030Email [email protected]

WalesAbergavenny UHY Hacker YoungPhone 01873 852 124Email [email protected] UHY Hacker YoungPhone 01633 213 318Email [email protected] UHY Hacker YoungPhone 01978 351 501Email [email protected]

With 26 offices across the UK we have the capability to be flexible and to ensure we always find the right solution for each client.

Helping you prosper


UHY Hacker Young Group offices:EnglandLondon UHY Hacker YoungPhone 020 7216 4600Email [email protected] UHY Hacker YoungPhone 01233 722 970Email [email protected] UHY Hacker YoungPhone 0121 233 4799 Email [email protected] & Hove UHY Hacker YoungPhone 01273 726 445Bristol UHY Hacker YoungPhone 01454 629 636 Email [email protected] UHY Hacker YoungPhone 01843 609 276 Email [email protected] UHY Hacker YoungPhone 01223 352 823Email [email protected] UHY Hacker YoungPhone 01244 320 532Email [email protected] UHY TorgersensPhone 01914 280 001Email [email protected]

Letchworth UHY Hacker YoungPhone 01462 687 333Email [email protected] UHY Hacker YoungPhone 0161 236 6936Email [email protected] UHY TorgersensPhone 0191 2308 100Nottingham UHY Hacker YoungPhone 0115 959 0900Email [email protected] UHY Hacker YoungPhone 01763 247 321Email [email protected] UHY Hacker YoungPhone 0114 262 9280Email [email protected] UHY Hacker YoungPhone 01795 475 363Email [email protected] & Newcastle UHY TorgersensPhone 0191 567 8611Email [email protected] UHY Hacker YoungPhone 01273 726 445Email [email protected] UHY Calvert SmithPhone 01904 557 570Email [email protected]

UHY Hacker Young Associates is a UK company which is the organising body of the UHY Hacker Young Group, a group of independent UK accounting and consultancy firms. Any services described herein are provided by the member firms and not by UHY Hacker Young Associates Limited. Each of the member firms is a separate and independent firm, a list of which is available on our website. Neither UHY Hacker Young Associates Limited nor any of its member firms has any liability for services provided by other members.

A member of UHY International, a network of independent accounting and consulting firms.

This publication is intended for general guidance only. No responsibility is accepted for loss occasioned to any person acting or refraining from actions as a result of any material in this publication. © UHY Hacker Young 2015

www.uhy-uk.com

Documents

UHY Connect issue 2 - Summer 2015