Case Studies


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Case Studies


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Digital Ecosystems


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Financial Services


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Health


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Media


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Retail


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Smart Cities and Transportation


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Articles tagged with: guy rigby

Brexit, Trump & Business, what does the future hold for scale-ups?

Written by Guy Rigby on Thursday, 04 May 2017.

In this edition of Enterprise, we examine the potential shifts in trading patterns and the opportunities that might emerge for SMEs. A major theme that has been emerging is agility and how this characteristic can be leveraged for competitive advantage.

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In the wake of the triggering of Article 50, there are changes on the horizon for all sectors of the UK and global economy. Uncertainty undoubtedly lies ahead, but opportunity does too. However, nothing happens by accident.

As Earl Nightingale, a radio personality and motivational speaker once said, "Luck is when preparedness meets opportunity".

Whether you’re an early stage or established business wanting to grow, our specialist entrepreneurs team has the energy and expertise to support your growth. Wherever you are on the spectrum, do contact us to find out more about our extensive range of services and our events and insights programmes. We will be delighted to help.

I hope you find the articles both interesting and thought provoking. For further information please call or email me. Alternatively, please get in touch with your usual Smith & Williamson contact.

All change for smaller companies

Written by Guy Rigby on Thursday, 05 January 2017.

DIY is alive and well but, even with the amount of information available online these days, most business owners accept that they need expert help with issues relating to technical accounting and compliance.

With this in mind we’re breaking one of our unwritten rules for Enabling Entrepreneurs – to steer clear of technical issues – to talk about two very significant changes that have the potential to have a big impact on businesses of all shapes and sizes. In this particular case, it would be remiss of us not to mention them here.

The two issues we want to raise concern the introduction of a new accounting standard, FRS 102, which has the potential to significantly alter how your company’s financial position will look on paper, and the introduction of new, raised, audit thresholds.

Firstly, and it may sound a bit dry, FRS 102 for small entities is replacing the Financial Reporting Standard for Smaller Entities (FRSSE) and may affect your company’s accounting profit, tax position, existing financial covenants and distributable reserves. If you haven’t already, now is the time to understand the implications of FRS 102 for you and your stakeholders. To find out more about the new standard and how we can help, please click below.

Time to get serious about FRS 102

The second important change relates to the thresholds for audit for smaller companies. If you currently have an audit and turn over up to £10.2m, have total assets of up to £5.1m or have up to 50 employees, this may no longer be required.

However, some companies, even if they are below the threshold, have voluntary audits, perhaps because of management, funding or investor requirements. In the light of these changes, it may be time to consider an alternative that provides a review of certain key areas, without the expense of a full audit.

Our solution is ROBUST, a tailored Review of Balances, Underlying Statements and Transactions.

If you currently have an audit, but fall below the new threshold, talk to us about how we can design a tailored, cost effective review to provide the assurance that you or your stakeholders require.

An attractive alternative to audit

Talking about year-ends, 2016 was a memorable, if not tumultuous, year! I and my team at Smith & Williamson wish you a happy, healthy and prosperous New Year.

Enabling entrepreneurs

Written by Guy Rigby on Friday, 30 September 2016.

What do you know about VR and AR? To some, these will just be initials, but to many, they are the future!

As part of our entrepreneurs programme, we recently hosted two fascinating guest speakers who talked about this fast-moving innovation and how it will impact our lives. The technology already exists, whether it’s enabling our mobile devices to recognise products and other objects in the physical world, or training surgeons in complex procedures.

Addressing the topics of virtual reality (VR) and augmented reality (AR) and how these technologies are rapidly expanding into big business, Steve Dann, founder and CEO of Amplified Robot spoke about the possibilities it will present for innovative entrepreneurs. If you’d like to read more, click below.

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Our other speaker, Jess Butcher, co-founder and director of Blippar, discussed the multiple applications of AR, a term that more of us are hearing an increasing amount about. As a successful and valuable scale-up business, Blippar is at the forefront of a fast-developing industry. To read more about AR and the challenges of scaling up, click below.

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Talking about scale-ups, as leading corporate supporters of the Scale-Up Institute, we would value your contribution to take part in its latest survey of British business. The survey aims to find out what matters most to businesses on their scale up journey, and what support they need from the private and public sectors to grow. The survey closes on 2 October, so to share your views, follow this link.

And finally, we will be hosting a scale-up masterclass in London on 24 November. The event will feature actionable insights on how to scale up your business. If you are interested in attending, please click here.

Scale-up Business of the Year Award

Written by Smith & Williamson on Friday, 08 April 2016.

We are pleased to announce the launch of the Smith & Williamson Scale-up Business of the Year Award, in association with the National Business Awards, which celebrates the achievements of businesses that have successfully scaled-up.

Don't miss out on year-end tax planning

Written by Guy Rigby on Friday, 29 January 2016.

Every now and again, the tax tail does wag the dog

As the tax year draws to a close, it may be sensible to draw breath and take stock of your tax affairs, making sure that you’re optimising your finances on both a personal and a business level.

Entrepreneurial Minds

Written by Guy Rigby on Thursday, 07 January 2016.

Entrepreneurs are opportunists. That’s nothing new, but it does require courage to act on an opportunity when the odds seem highly stacked against you.

Titus Shape named Smith & Williamson Entrepreneur of the Year

Written by EntrepreneurCountry Global on Wednesday, 11 November 2015.

MVF CEO Titus Sharpe was named the Smith & Williamson Entrepreneur of the Year at the 2015 Lloyds Bank National Awards gala dinner ceremony last night, held at the Grosvenor House Hotel on London’s Park Lane.

Smith & Williamson Entrepreneur of the Year award

Written by Guy Rigby on Thursday, 13 August 2015.

We are delighted to announce the ten entrepreneurs shortlisted in the Smith & Williamson Entrepreneur of the Year category at the National Business Awards 2015.

From Acorns To Oak Trees: The Journey From Management Team To Board

Written by Guy Rigby on Thursday, 09 January 2014.

There comes a time in the development of a business when it is beneficial or deemed desirable by the shareholders – who are often the founders – for a distinction to be made between the role of the management team and the board.

Interest in Crowdfunding on the Rise

Written by Guy Rigby on Monday, 13 May 2013.

Despite the economy avoiding a triple dip recession, many leading entrepreneurs remain concerned about long-term growth prospects, according to the latest Smith & Williamson Enterprise Index which is issued quarterly.

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