2007 is galloping towards its close and while it’s been a good year, 2008 promises to be a great year. New premises, new faces - A lot to look forward to! We won’t be sending out Christmas cards this year but we will be making a donation in lieu to Macmillan Nurses after taking a poll amongst our staff. We all send you our best wishes for a happy and peaceful Christmas and a successful New Year.
unw News
Moving on up!
Ongoing market place success has resulted in fast moving independent accountants unw LLP announcing relocation in the New Year. Having outgrown their existing office facilities in Citygate unw embarked on a thorough review of alternative city centre locations and decided to stay within Citygate!
Charities Update
Since the first seminar Current Issues for Charities took place in September 2006, we have continued to roll out our programme throughout 2007.
unw "All Stars" take to the pitch
A by-product in the increase in unw staff numbers has meant that the fit, and not so fit, members of unw staff have bravely decided to enter the inaugural Pinstripe Football league at the local Complete Football Centre.
After Dinner Speaker seeks gigs
Charles Linaker, one of the founder partners of unw, has added another string to his bow - that of after dinner speaker!
Industry News
What is happening to CGT?
The big surprise in the Pre-Budget Report was the new 18% rate of capital gains tax (CGT) and the removal of taper relief. Nearly ten years ago, Gordon Brown invented taper relief but his successor has abolished it for gains arising on or after 6 April 2008
Buying or leasing business equipment
If you are planning to buy or lease some new business equipment over the next year, you should consider the changes to the tax reliefs known as capital allowances, which are due to take effect from April 2008
Do you have double the nil-rate band?
Inheritance tax (IHT) worries a lot of people because the IHT threshold, known as the nil-rate band, has not been increased in line with house prices over recent years. On death, all your wealth, including the value of your house, is taxed at 40% on all amounts above the nil-rate band, which is currently £300,000
New Directors' duties - Are you ready?
The Companies Act 2006 received Royal Assent on 8 November 2006, and is being introduced in a series of stages. The legislation will replace all existing Company Law, except for the provisions relating to company investigations and community interest companies (CICs).
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unw chartered accountants, Citygate, Newcastle upon Tyne.
Tel 0191 243 6000.
Email: enquiries@unw.co.uk
Deal Summary
A roundup of deals and grants applications completed by unw throughout 2007.
Disposal of W & K Holdings Limited to Linden Group.
n-psl Limited
Structural and implementation advice in relation to fund raising, acquisition of intellectual property rights and university spin out.
eaga plc
Tax advice on IPO of eaga plc
North East Bakery
Finance Raising & Acquisition of Milligans Bakery and 15 outlets
Thompson Building Centres
On going corporate finance advice to A Thompson and Sons Limited further to the acquisition of Fossway Builders Merchants Limited
Degussa Fine Organics
SFI Grant Application Assistance given to Degussa Fine Organics with their SFI Grant Application to aid investment in a new plant.
Wellstream International Limited
SFI Grant Application Assistance given to Wellstream International Limited with their successful SFI Grant Application to aid capital investment at the Walker Riverside facility.
Spirit Fires Limited
unw’s Corporate Finance Team provided Spirit Fires Limited with financial advice relating to capital investment.
Arts Council England, North East
Grant assessment Continuing assessment of Cultural Business Venture scheme applications on behalf of the Arts Council England, North East.