The Scottish food and drink sector is renowned throughout the world due to the extensive array of products and producers who draw on our natural resources. With an estimated economic impact of £10bn a year, it is a key economic driver of the Scottish economy.
Whilst its major profile has undoubtedly been created by the success of such brands as Scotch whisky, Scottish salmon, Scotch beef and the odd sweet-toothed delicacy, there are an abundance of medium scale and smaller artisan producers in Scotland which have yet to fully exploit their potential.
With opportunities for growth there are challenges to be overcome including: the increase in commodity prices; lack of availability of funding; increasing cost of compliance with regulatory requirements and availability of skilled workforce.
With a significant number of clients operating within the food and drink sector French Duncan has a full complement of mainstream and specialist services which are scalable, from the smallest start-up to major international processors and exporters, to assist management teams in delivering on their strategy.
Aside from delivering on the core requirements for ongoing compliance whether it is on audit, accounts preparation or tax work, our team has assisted clients in areas such as; a capital allowance claim for the introduction of a new bottling hall for a major international whisky business; business planning and fundraising support for a UK-wide food manufacturing business; VAT and duty advice to major alcoholic drinks groups and assistance to a variety of UK and international businesses with both RSA and Food Processing Marketing and Co-operation Grant applications.
We can help you with:
Distilleries & other capital allowance projects:
Here at French Duncan we are specifically experienced in working with new distilleries and wider whisky and spirit companies, as well as some leading on-trade businesses.
Our Corporate Tax team have delivered significant cost savings to clients in this sector, often around the area of Capital Allowances. If a business incurs capital expenditure (for example on a new distillery) they can make a capital allowance claim which will reduce their tax liability for current & future periods and possibly generate a tax repayment for previous periods. We work with clients in advance of building projects, or after completion, in order to gather all the required data so as to maximise claims. Over the years we have helped many clients maximise their capital allowance claims, whether that be in the course of buying plant & machinery or acquiring, constructing, fitting out or refurbishing commercial property. We also understand the timescales involved for new distilleries, and will help you manage liquidity and cash flow through the years.
“I can’t thank French Duncan enough for the expertise and professional nous"...…
What we did
French Duncan's Corporate Tax team were initially engaged by this D…
"French Duncan's insightful, supportive and cost effective service was enabled b…
"After having moved our affairs to French Duncan Wealth Management, we needed to…
0131 225 6366
0131 225 6366
Throughout his extensive career, Barry has worked for HMRC, Arthur Andersen, Coopers and Lybrand and McCabes. He has been a Tax Partner with French Duncan since its merger with McCabes in 2008.
Barry has a wealth of experience in all aspects of tax matters, from corporate to personal and has a particular specialism in maximising capital allowances for clients. Whilst Barry can advise any business on its tax matters, he has particular expertise in the hospitality and property sectors.
He can also advise on tax incentives for investment.
Barry prides himself on taking the initiative to understand his clients’ needs to deliver results.
He enjoys building strong relationships with his clients and continually seeks opportunities which he believes will be to their benefit.
Corporate Advisory Senior Manager
0141 221 2984
0141 221 2984
Graeme qualified as a CA in 1989 with KPMG in Edinburgh, where he spent six years, including some time within the corporate finance function. From there he joined the Scottish Government, where he headed a team appraising Regional Selective Assistance (RSA) grant applications. Following 15 years with the Scottish Government, Graeme joined French Duncan Corporate Advisory in 2007.
Since joining FDCA, Graeme has been involved in a wide range of corporate finance assignments, including due diligence (for both the private and public sector), share valuations, strategic planning and funding. He has extensive experience in dealing with both primary and secondary lenders. Graeme has a particular focus on sourcing public sector funding for clients and leads the team responsible for raising over £100m of RSA in the last 12 years. He is also actively involved in raising funds via such bodies as The Scottish Loan Scheme, SMART:Scotland, Large R&D Grants, UK Steel Enterprise and Business Loans Scotland.
With the current difficulties that businesses face in securing private sector finance, Graeme’s skills in raising public sector funding and guiding companies through the fundraising minefield can prove invaluable to clients seeking finance for growth.
Entrepreneurial Services Director & Head of Cloud Solutions
0141 221 2984
0141 221 2984
Neil qualified as a Chartered Certified Accountant in 2011, training in all aspects of Accounting, Taxation and Audit with a well-established firm in Paisley. From there he joined a firm in Glasgow where he focused on the provision of a high quality service to his varied client base of growing SME’s and owner-managed businesses.
Joining French Duncan in 2016 Neil brought a specialism in cloud accounting solutions and extensive experience in providing clients with high quality, user-friendly management reporting and advice. Heading up our Entrepreneurial Services team in Glasgow, Neil also has wider responsibility for the direction of the department. A key part of this role includes overall responsibility for the firm’s Cloud Solutions offering, utilising modern technology and advising clients on systems and processes to help drive efficiency and achieve relevant, reliable reporting upon which practical, commercial business advice can be given.
Working closely with a large portfolio of clients Neil provides commercial advice to businesses and individuals within many sectors with a key focus in Construction, Hospitality & Leisure, Care Homes and Manufacturing. By building strong relationships with clients Neil and his team strive to provide a comprehensive, responsive and quality service, bringing clients and colleagues together to realise potential and explore opportunities on behalf of clients.