Healthcare

Healthcare

Observing that the demographic trend of an ageing population is leading to an inexorable rise in the level of demand for healthcare services, we established our specialist healthcare division in 2010 to consolidate our wealth of experience in this burgeoning sector.

Our team comprises extensive healthcare experience and expertise spanning the full range of financial disciplines. Facilitating the cross-fertilisation of ideas and solutions, we meet on a regular basis to discuss all the latest issues impacting on the healthcare sector.

Specific areas we operate in include:

Care Homes
The grading of care homes by the Care Inspectorate enables the best private sector operators to attract service users willing to pay for a service superior to that available in the public sector. Amongst the various issues affecting the care home sector are: lending restraints; the challenges in recruiting and retaining qualified and trained staff, business succession and trends towards domiciliary care.

There are a number of highly geared operators in this sector, which makes cashflow an issue and, as care homes are staff intensive, changes in pension legislation will inevitably result in rising costs for operators.

We work closely with clients to provide a partner-led service that addresses these and other issues head-on. We work as a team to deliver a range of service lines, from tax advice to corporate finance, audit and business services advice.

We actively network with other professionals operating within the sector and attend regular forums to keep ourselves up to date with all the latest developments impacting on this market.

We care about the health of your entire business.

GPs and Medical Professionals
The framework within which GPs operate is characterised by stagnating income and increasing overheads due to rising staff costs. Whilst tax planning is a perennial issue, doctors are increasingly seeking advice on the impact of recent changes to pension legislation.

Our experienced team of experts has been active in the GP and medical professional sector for decades. We work for a significant number of medical practices across Scotland's central belt.

We know just how busy GPs can be. That's why we make a point of coming to see you in your own medical practice. We focus on service and offer a fully integrated accounts and tax team approach.

We actively network with other professionals operating within the sector and attend regular forums to keep ourselves up to date with all the latest developments impacting on this market.

Dentists
Dentists operate within a market characterised by stagnating income from the NHS, a drive towards private fee top-ups and rising costs. Whilst business structure and tax arrangements for associates are issues affecting many dental practices, other topics of interest include compliance, government directives, exit routes and capital allowance reviews.

Our team work for a significant number of dental practices across Scotland.

Opticians
Opticians operate within a fiercely competitive market; with independent operators competing against national chains with multiple outlets, affording them economies of scale and buying power.

We work for a number of independent opticians across Scotland's central belt and, in addition to arranging the sale and acquisition of opticians, have experience in helping opticians grow organically from a single to multiple outlet practice. 

Pharmacies
The marketing within which pharmacies operate is renowned for its competitiveness; with independent operators competing against national chains with multiple outlets.

We have worked on arranging the sale and acquisition of pharmacies and have experience in helping chemists grow organically from a single to a multiple outlet practice.

Across the sphere of healthcare we can provide the following services:

  • Acquisitions & Disposals
  • Payroll
  • Audit & Accountancy compliance
  • Pensions & Wealth Management
  • Book-keeping
  • Preparation of detailed annual accounts
  • Budgeting & cash flow forecasting
  • Preparation of financial budgets
  • Business structures
  • Preparation of superannuation certificates
  • Business valuations
  • Specialist VAT advice
  • Capital allowances reviews & financing
  • Strategic planning & advice
  • Financial due diligence
  • Tax compliance
  • Financial management
  • Tax planning
  • Financing
  • VAT returns
  • Management accounts
  • Wealth Management
  •  Partnership arrangements
 

 

Meet some of our Healthcare specialists



Stephen  Hughes

Stephen Hughes
Partner & Head of Audit
s.hughes@frenchduncan.co.uk
0141 221 2984

Stephen  Hughes

Stephen Hughes

Partner & Head of Audit

BA CA

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0141 221 2984

s.hughes@frenchduncan.co.uk


Specialisms include...

Having joined the firm as a CA trainee in 1989, Stephen enjoyed a varied career in his early years, gaining valuable experience in audit, accountancy, tax and also business recovery. Thereafter focussing on audit and accounts, Stephen progressed to partner level in 2000.

Over the years Stephen has advised companies and individuals across a variety of business sectors, from traditional to new technology and sciences, in the UK and in as far flung places as Singapore and Afghanistan.

Although an audit and accounts partner, Stephen’s focus on working closely with owner-managed businesses means that he is regularly involved in providing business and commercial advice on a range of topics. His experience extends across a range of sectors and business structures, from partnerships to international groups.

Stephen is also head of FD Healthcare and is considered to be one of the leading accountants providing advice to the Scottish healthcare sector.

Stephen is focussed on delivering the best possible service to his clients and does so with a commercial and pragmatic approach to business. He is a team player with a friendly and relaxed business style.

Stephen  Thom

Stephen Thom
Partner & Head of Corporate Tax
s.thom@frenchduncan.co.uk
0141 221 2984

Stephen  Thom

Stephen Thom

Partner & Head of Corporate Tax

ACA

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0141 221 2984

s.thom@frenchduncan.co.uk


Specialisms include...

Stephen is an experienced tax advisor who has worked in both practice and industry roles during his career. He started his career in London with BDO prior to working with Lloyds Banking Group for three years, where he specialised in providing tax advisory services. Stephen joined French Duncan as a tax director in 2015 from a mid-tier firm in Glasgow and became a Partner in May 2017.

He specialises in advising on a variety of corporation tax matters, including: share reorganisations; group restructuring advice; substantial shareholdings exemption; the taxation of loan relationships and international tax advice. Stephen has gained experience through advising a wide variety of clients, ranging from owner managed businesses to AIM and fully-listed enterprises.

He has developed a reputation for fully understanding the commercial objectives and strategies of businesses prior to providing tax advice, in the process ensuring that the tax outcome is always aligned to the wider business objectives.

Drew Pankhurst

Drew Pankhurst
Entrepreneurial Services Director
d.pankhurst@frenchduncan.co.uk
01786 451745

Drew Pankhurst

Drew Pankhurst

Entrepreneurial Services Director

BAcc (Hons) CA

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01786 451745

d.pankhurst@frenchduncan.co.uk


Specialisms include...

Drew qualified as a chartered accountant in 2008 from an accountancy practice in Dundee having trained as a general practitioner working in all areas of accounting, including: auditing; company accounts; partnership accounts; company tax; personal tax; management accounts; business planning; bookkeeping; tax planning and systems advice.

Having joined French Duncan in 2009 as an audit senior, Drew worked his way up to Audit Manager and managed a portfolio of audit clients across a range of sectors. With a primary focus on commercial business, his client portfolio included: healthcare, property, construction, manufacturing and agriculture.   Having worked in compliance for a number of years Drew transferred to our Managed Client Services department and was appointed Director in our Entrepreneurial Services Department in May 2017.  Drew uses his strong technical skills gained from his years in audit mixed with his background as a general practitioner to understand his clients’ business. Drew appreciates the importance of getting a true understanding of both the clients business and personal objectives in order to offer the most appropriate and helpful advice.

 

Anne  Laverock

Anne Laverock
Tax Senior Manager
a.laverock@frenchduncan.co.uk
0141 221 2984

Anne  Laverock

Anne Laverock

Tax Senior Manager

Chartered Tax Adviser (CTA)

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0141 221 2984

a.laverock@frenchduncan.co.uk


Specialisms include...

Starting her career as a tax trainee at French and Cowan, Anne pursued her career specialising in tax at various Big Four firms before joining French Duncan in 2008. She has also worked as a tax tutor at Glasgow Graduate School of Law and a tax consultant to an executry solicitor.

Anne has extensive experience in such areas as: personal tax compliance; capital gains tax; inheritance tax planning; HMRC enquiries trust compliance and the taxation of executries.

Anne helps her clients achieve the desired outcome, whilst always bearing heed to present and future consequences of any action taken.  She believes her clients should never feel pressured into following advice and non-tax issues are always considered alongside the tax savings.

Anne’s ethos is to be approachable, helpful, honest and technically aware, whilst always acting in the best interest of her clients.

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