Archive for the ‘Manufacturing & Engineering’ Category

Our 2018/19 Manufacturing & Engineering Survey is Now Open

Posted on: September 3rd, 2018 by Ian Thomas No Comments

We are running a Manufacturing & Engineering Survey which will help to compile a nationwide picture of what the sector thinks. This is our seventh annual survey, your views in the here and now will help our specialist advisers gauge where the sector is and what can be done to support it through what may be an uncertain few years. (more…)

Annual MHA Manufacturing and Engineering Report 2017/18

Posted on: September 13th, 2017 by Ian Thomas No Comments

Our Annual MHA Manufacturing & Engineering Report 2017/18 is now available.

Drawing on national and regional insight from over 450 clients and contacts, the findings of our recent survey identifies opportunities and concerns facing UK manufacturing and engineering businesses. Despite uncertainty over Brexit, the majority of businesses have managed to achieve growth over the past 12 months and the sector remains optimistic about the future. The respondents were from a variety of sub-sectors within manufacturing and engineering including: aerospace, automotive, agriculture, biotechnology, chemical, construction, electrical and electronic, food and drink, healthcare, leisure, metals, minerals and materials, oil and gas, pharmaceuticals, renewables and transport, to name but a few. (more…)

Industry 4.0 Risk Evaluation

Posted on: June 12th, 2017 by Ian Thomas No Comments

The manufacturing industry is evolving at a significant pace, the need for increased flexibility, efficiency and speed of production has evolved into what we now refer to as Industry 4.0, or the Fourth Industrial Revolution. The smart factory, with intelligent networks where everything from the assembly line to goods outwards is connected, autonomously exchanging information and triggering actions, is becoming the norm. Whilst this revolution can be extremely beneficial in increasing efficiency, it also brings with it new risks that business owners need to consider. (more…)

Our 2017/18 Manufacturing & Engineering Survey is Now Open

Posted on: May 8th, 2017 by Ian Thomas No Comments

We are running a Manufacturing & Engineering Survey which will help to compile a nationwide picture of what the sectors think. This is our sixth annual survey and although none of us have access to a crystal ball, your views in the here and now will help our specialist advisers gauge where the sector is and what can be done to support it through what may be an uncertain few years.

We will again be focusing on a number of core areas: your views – post Brexit, your business as a whole including business confidence and growth, the Apprenticeship Levy, funding and energy & sustainability. (more…)

Our 2016/17 MHA Manufacturing and Engineering Survey Report is now available

Posted on: October 13th, 2016 by Ian Thomas No Comments

M&E report thumbnailDrawing on national and regional insight from over 560 clients and contacts, the findings of our recent report identify opportunities and concerns, signposting future developments in the sector. Despite Brexit, the report reveals that optimism in the sector is still high and respondents continue to have a positive outlook for the coming year. The respondents were from a variety of sub-sectors within Manufacturing and Engineering including: Aerospace, Automotive, Agriculture, Biotechnology, Chemical, Construction, Electrical and Electronic, Food and Drink, Healthcare, Leisure, Metals, Minerals and Materials, Oil and Gas, Pharmaceuticals, Renewables and Transport to name but a few.

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Welsh companies making ground in R&D tax credits league table

Posted on: October 4th, 2016 by Denise Roberts No Comments

Denise Roberts (2)Welsh companies are beginning to make ground on their UK rivals in taking advantage of vital research and development tax relief schemes, according to specialist tax adviser Denise Roberts fromMHA Broomfield and Alexander.

The latest statistics from HM Revenue and Customs show that 675 claims for research and development tax relief were made by companies registered in Wales during the 2014-15 tax year. Overall, this represents a 16% increase from the previous tax year and equates to approximately £10m more being claimed as a result, returning around £35m to companies registered in Wales.

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Our 2016/17 Manufacturing survey is now open

Posted on: June 29th, 2016 by Ian Thomas No Comments

Ian ThomasIn the wake of a referendum result which has seen market and political turmoil, the outlook for manufacturing and engineering is a key question in terms of the UK’s future economic prosperity. We are running a Manufacturing & Engineering Survey which will help to compile a nationwide picture of what the sectors think. This is MHA’s fifth annual Manufacturing & Engineering survey and although none of us have access to a crystal ball, your views in the here and now will help our specialist advisers gauge where the sector is and what can be done to support it through what may be an uncertain few years.

We will again be focusing on a number of core areas: your views – post referendum, your business as a whole including business confidence and growth, recruitment, funding and energy & sustainability.

The survey should take no longer than 15 minutes or so and once we have done the analysis you will receive the full report detailing the findings with case studies and commentary from industry experts.

Take part in the survey now.

We are also delighted to confirm that Lloyds Commercial Banking, who have sector specialists trained by the Warwick Manufacturing Group are supporting the 2016 MHA Manufacturing & Engineering Survey

You can read the full 2015/16 Survey Report here.

If you have any queries about the manufacturing survey or would like to know more about the services MHA members provide, please contact Hannah Farmborough on: 0207 429 4147.

Budget 2016: Changes for the Manufacturing sector

Posted on: March 23rd, 2016 by Ian Thomas No Comments

Chris Coopey, Head of the MHA Manufacturing group shares his views on the budget and how it impacts the Manufacturing sector.

The chancellor’s budget was broadly positive, particularly for small businesses and included a number of sweeteners (every pun intended) around Corporation Tax, Business Rates and reduction of Stamp Duty on Commercial Property. There was also some regional investment – mainly in the Midlands to promote a number of projects around innovation and Research & Development.

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Shutting the (Patent) Box

Posted on: January 7th, 2016 by Denise Roberts No Comments

Denise Roberts (2)Designed to promote and enhance the UK’s position as a world leader in patented technologies, encourage innovation and keep development, manufacture and exploitation in the UK; The Patent Box has been widely welcomed by the corporate world – especially in the manufacturing and technology sectors.  GlaxoSmithKline attributed to the Patent Box its additional investment of £500 million in manufacturing in the UK, along with the creation of 1,000 new jobs and the construction of a new factory.

Since its introduction in 2013, Patent Box has been encouraging businesses to commercialise their patents and R&D in the UK to benefit from a lower rate of tax.  It allows a 10% tax rate on profits derived from any products that incorporate patents, compared to the standard corporate tax rate of 20%.

However, internationally, the regime has not been quite so popular.  It has been subject to intense scrutiny as to whether it may be considered a harmful tax measure under the EU Code of Conduct for business taxation.  Germany (among others) accused the regime of promoting unfair (or) harmful trade competition by being excessively generous.  It was further argued that the regime was encouraging companies to artificially shift their profits to the UK to the detriment of other EU members’ tax collections.

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MHA Manufacturing Survey Report: Understanding the Sector

Posted on: September 25th, 2015 by Ian Thomas No Comments
Ian Thomas, Managing Director, MHA Broomfield Alexander

Ian Thomas, Managing Director, MHA Broomfield Alexander

Drawing on national and regional insight from over 400 clients and contacts, the findings of our recent report identify opportunities and concerns, signposting future developments in the sector. Despite a dip, the report reveals that optimism in the sector is still high and respondents continue to have a positive outlook for the coming year.

Our 2015 survey report is just one of the tools MHA member firms use to help businesses in the Manufacturing and Engineering sector. The story the report tells, together with the comparative data held over the last four years helps us to understand the trends and importantly, helps us to help our clients make the best of opportunities, as well as deal with some of the challenges.

The report also highlights a number of important issues. These include:

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