Construction
As one of the leading specialist advisers to the construction
industry, we provide seamless solutions incorporating taxation,
audit and strategic advice. We act for a diverse range of
construction businesses, from quoted companies to smaller
family-owned businesses.
We review each client’s business on its own merits, taking
account of stakeholders’ objectives and the bespoke planning
opportunities available. We provide purpose-driven solutions and
give objective, independent and informed advice to implement
solutions which increase profitability and value. Our teams are
partner-led, and work towards forming long-term relationships with
our clients.
We offer solutions and advice in the following service
areas:
Business structuring; audit compliance; employer solutions;
Construction Industry Scheme and employment status matters; direct
tax consulting; growth strategic services and strategy planning;
VAT advice, stamp duty land tax advice; capital allowances planning
and evaluation; transfer pricing; employer solutions; business
recovery and re-organisation; forensic and investigation services;
corporate finance; project finance; and risk management.
We are actively involved in the sector as members of the
Housebuilders Federation, and are proud to sponsor and audit the
Contract Journal Awards. We are the preferred supplier for the
National Federation of Builders, and regularly speak at industry
events organised by bodies such as the National Federation of
Builders, Contract Journal, Lexis Nexis. We produce regular
Property and Construction-focused newsletters and factsheets as
well as holding Construction-related seminars and other events. We
regularly lobby Government on industry issues such as the
Construction Industry Scheme, and have written a book on the new
Construction Industry Scheme (published by CCH) giving key guidance
on how to avoid the risks of non-compliance and penalties
associated with the new scheme.
International Business Report 2010 - Construction & Real
Estate sector
It is fair to say that there is some optimism creeping into the
mindset of the players in the construction and real estate sector.
Transactions are definitely on the up. However there is still only
limited finance available. There is pressure on margins across the
board, whether that is construction businesses fighting to secure
new contracts or foreign investors into UK real estate putting
pressure on yields. The construction industry are seeing the impact
of the downturn more at present as older contracts come to an end
but new contracts are harder to win. It will be interesting to see
how any cut back in spending by the UK government will further
impact on the construction sector. We may see property developers
joining forces with construction businesses - so that the developer
can secure the construction services required with more flexible
payment terms, and at the same time providing work flow for the
construction businesses.
The big question in the UK that remains unanswered is whether
there will be a second dip in the economy. Opinion is divided.
Businesses have now woken up to the fact that change can happen
quickly and they need to be able to react quickly, not only to
minimise the effect of any further downturn (if that did happen)
but also to take advantage of opportunities that may arise.
Grant Thornton's second International Business Report (IBR)
reveals that privately held businesses (PHBs) in the construction
and real estate sector are markedly more confident about their
economic prospects for the current year compared to last.
If you would like to listen to the discussions of Global Real
Estate & Construction Team, please listen to the podcast. We
value your feedback.
for our Construction and Real Estate audio podcast.