The UK architecture sector is a global success story. Architecture directly contributes £5 billion to the UK economy, including nearly £500 million of revenue from international work.
The last few years have been strong for many practices after an extended downturn following the global financial crisis. However, the architectural sector remains vulnerable to wider market fluctuations and the uncertainty surrounding Brexit continues to leave practice heads contemplating the future.
Clearly, the quality of design and meeting the client’s brief will sit at the core of a successful practice whatever the wider business environment. But that success is also dependent on many other factors – the quality of your staff, client service, financial stability, clear leadership and strategy, agility and flexibility. So making the right commercial and technological decisions in changing circumstances is vital.
Effective practices know the mechanics of their business and understand the importance of having a clear strategy for the future. This is where Kingston Smith can help. We spend time getting to know your business and your goals, and then we work closely with you to help you achieve them. We do the hard work to free you up to focus on what you do best.
Our regular ‘Professional Firms Insight’ publication highlights the key business, accounting, personal finance, tax, HR and compliance developments that directly affect professional firms. The team also regularly contribute to relevant sector publications such as Building Design. We are actively engaged in the sector, regularly running events for our clients and contacts to meet each other as well as those in the wider property sector. Nurturing a strong network can generate valuable opportunities and is worth investing in.
What we can offer you
Our specialist Professional Firms team offers a comprehensive range of services, tailored to each client’s requirements. The specialist team are highly experienced in the issues that many practices face and will be ideally placed to provide the services that align to the goals for your practice. These include:
- Audit, accounting and tax compliance
- Performance improvement and benchmarking
- Team structuring and remuneration
- Assessing and improving employee engagement
- Succession planning
- Taxation planning and investigations
- LLP/Company status
- Mergers and acquisitions
- Capital structure
- Partner reward
- R&D tax credits
- Personal tax planning and wealth management
- Key strategic advice including business development workshops
- Management information review.