European Court Backs Holding Companies on Deal Fee VAT Recovery

A recent decision of the European Court of Justice (ECJ) should mean that taxpayers will now be in a stronger position to support the recovery of VAT on M&A transactions, despite HMRC’s attempts to challenge deal fee VAT recovery. The risk of HMRC challenging Holding Company VAT recovery more generally has also diminished. Background Over … Continued

Another new hire for leading professional services group, Dow Schofield Watts

Dow Schofield Watts (“DSW”), the specialist professional advisory and equity finance firm based in Cheshire and Leeds, has expanded its Cheshire office with the appointment of Callum Sellar as a Corporate Finance Executive. He will support DSW’s corporate finance team in the delivery of a full range of advisory service to clients across the North. … Continued

RSK Group Plc announces £33m innovative debt financing by Permira Credit Solutions II to support its continued international expansion

RSK Group Plc, the UK’s largest privately owned environmental consultancy, has secured a £33m long-term investment loan provided by a fund advised by Permira Debt Managers (“PDM”), the debt management and advisory arm of Permira and one of Europe’s leading specialist debt investors. PDM’s direct lending fund Permira Credit Solutions II (PCS2) will act as … Continued

Dow Schofield Watts boost North West presence

The financial due diligence experts, Dow Schofield Watts Transaction Services LLP, has expanded its North West team with the appointment Ros Jones Ros joins after spending a number of years gaining significant practical industry experience as a group financial accountant for Air Energi, a major global recruiter engaged in the oil and gas industry. Ros … Continued

Dow Schofield Watts appoint another VAT partner to continue expansion

Dow Schofield Watts (“DSW”), the leading specialist professional advisory firm and equity finance firm, has expanded its VAT Services business with the appointment of Jacki Wells, as a partner who will be based in the Yorkshire & North East office. Jacki joins DSW from Ernst & Young, where she headed up their Leeds Indirect Tax … Continued

Administrators at business rescue and recovery specialists Dow Schofield Watts Business Recovery LLP (“DSW”) have helped secure 121 jobs at a Cumbria based chocolate makers after assisting in finding a buyer for the business.

J E Wilson & Sons (Kendal) Limited (“Wilsons”) Business rescue and recovery specialists Dow Schofield Watts Business Recovery LLP (“DSW”) have helped secure 121 jobs at a Cumbria based chocolate makers after assisting in finding a buyer for the business. Creative Confectionery (Holme) Limited (“Creative”), acquired the business and assets of Wilsons from the Joint … Continued

Dow Schofield Watts Transactions Services acts for leading health services provider, Castlerock Recruitment Group

Recruitment and health service provider Castlerock Recruitment Group (CRG) has acquired the Salford Quays-based forensic healthcare division of Medacs Healthcare. Financial due diligence on behalf of CRG was conducted by Rob McCarthy of Dow Schofield Watts Transaction Services. CRG said that the deal would complement its specialist sub-brand CRG Medical Services. The company also reported … Continued

Dow Schofield Watts Transaction Services provided financial due diligence to leading Yorkshire Plc on recent acquisition

Financial due diligence was provided by Yorkshire based Rob McCarthy of Dow Schofield Watts Transaction Services to West Yorkshire workplace equipment provider HC Slingsby on the purchase of Norwich-based counterpart in a £3.9m deal financed through a combination of cash and asset backed debt. ESE is a profitable company operating in the same sector as Slingsby … Continued

Dow Schofield Watts Corporate Finance celebrated the success of its staff, announcing two promotions

Dow Schofield Watts, the leading specialist professional advisory and equity finance firm, have recognised the outstanding contribution by two of its team in the North West office, announcing two promotions Keith Benson and Gregg Pendlington have been promoted to Associate Director. Keith Benson, a Chartered Accountant and a graduate of the London School of Economics … Continued

Dow Schofield Watts Transaction Services provides due diligence services on £20m buyout of catering firm Waterfall

PRIVATE equity firm LDC has backed a £20m secondary buyout of Warrington-based catering firm Waterfall. LDC has bought a minority stake held by YFM Equity Partners, venture capital trust Neptune-Calculus and Kaye Enterprises, since 2007 when they backed a management buyout of Caterplus. The vendors said they had achieved a 5x return on the original … Continued

Dow Schofield Watts Transaction Services provide due diligence as Noise control firm completes £4m MBO

Rob McCarthy of Dow Schofield Watts Transaction Services provided financial due diligence to YFM Equity Partners as they back the management team of an industrial acoustic engineering business on a £4m MBO. A four-strong team from Wakefield Acoustics has bought the Cleckheaton firm, which designs, manufactures and installs a range of bespoke industrial and environmental noise … Continued

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