Technological change is driving innovation within the automotive sector

The move towards low-carbon technologies, both globally and in the UK, alongside an increase in autonomous and connected technology is fuelling growth in the UK automotive supply chain.

Changing consumer demand is creating further shifts elsewhere in the industry, with a current move away from traditional vehicle ownership to on-demand shared usage.

Alongside this, original equipment manufacturers (OEMs) have been increasing their investment in the industry over recent years, a trend which is expected to continue, and result in long-term positive trends for the sector.

How we can help

This continually changing industry presents businesses with wide-ranging opportunities, but also challenges. At PKF Smith Cooper, we have a detailed knowledge of automotive industry trends, and we understand the industry-specific issues our clients face on a daily basis.

We advise clients across the automotive industry, so whether you are a dealer, trader, or involved in the automotive supply chain our specialist advisors have the industry knowledge and expertise to help you meet your goals.

Some of the services we can help with

We can advise on a range of issues and strategies specific to the automotive industry, including:

Accounting

  • Accounts and reviewing accounting systems
  • Cashflow modelling and business planning
  • Independent business reviews
  • Forensic and fraud investigations

Tax

  • VAT and PAYE checks
  • Capital allowance reviews
  • Restructuring
  • Remuneration planning
  • Exit planning and shareholder reorganisations

Corporate finance

There are numerous opportunities and challenges to consider when making a sale or acquisition, or expanding your business, across the industry. Our corporate finance specialists have an intimate understanding of UK vehicle funding and global automotive trends, with proven expertise in deal execution, can accelerate the growth or exit strategies of your business, with minimum risk.

We can provide transactional, funding, commercial diligence, and consultancy advice, helping you to achieve your goals and aspirations.

We can provide:

  • Discussions on strategic objectives (organic and M&A)
  • Advice on buying companies:
  •   knowledge of market pricing
  •   identify and approach targets
  •   access to funders in the sector
  • Advice on selling companies
  • providing guidance on the business valuation
  •  an extensive network of contacts, including international buyers, and investors in the sector, with a detailed knowledge of cross tier acquisition appetite
  • Advice on refinancing/ shareholder restructuring
  • Advice on management buy-outs

Our specialist advisors are here to provide advice and support you every step of the way, whatever your goals in the automotive industry may be. Get in touch today to discuss how we can help meet your objectives.

Key experts

Adam Rollason

Tax Advisory Partner

Birmingham

Andrew Stevens

Business Recovery and Insolvency Director

Derby

Laura Parr

Head of Employment Tax

Derby

Stephen Newman

Audit and Accounts Partner

Birmingham

Lee Arrowsmith

Manager - Audit

Birmingham

Matthew Aston

Manager - Audit

Birmingham