Local knowledge and service, with national reach.
In many ways our motor retail specialist team is like a car dealership, with local knowledge, service and relationships but benefiting from national support when needed.
We act for a number of motor retailers in the region and in collaboration with our nationwide MHA network, we look after over 37 clients across 113 sites with franchises including Vauxhall, Ford, Mitsubishi, Peugeot, Toyota, Suzuki, Hyundai, Nissan, Honda, Alfa Romeo, Chevrolet, Chrysler, Jeep, Citroen, Fiat, Skoda and Kia. Our wealth of experience and ability to access national expertise means we are well placed to understand the challenges facing the motor retail sector. We can help to identify tax savings, profit improvements and strategic opportunities.
Our specialist motor team can offer a complete range of services to dealerships.
For more information about how our National Motor Retail team can assist your business please contact us at firstname.lastname@example.org
Accounting and financial reporting
Assistance with book-keeping, preparation of management accounts and composite reporting, advice and support with the conversion to new UK GAAP and financial reporting and cash flow modelling and forecasting.
Key tax advisory service for motor dealers led by our team of very experienced motor specific VAT experts.
Strategic operational and financial reviews of dealers to provide an overall healthcheck and advice on potential profit improvement or exit options.
Corporate finance advice
Advice and support on deal strategy and execution of all M&A activity, including acquisitions and disposals and covering:
- Sell side advisory, purchaser identification and grooming the business for an exit.
- Due Diligence on target.
- Valuation and purchase price negotiation and agreement.
Tax compliance support and tax planning
Preparation of tax returns and tax advice plus mitigation particularly in the following areas:
- Corporation tax compliance and returns, we actively monitor enquiry rates on our clients resulting in a very low rate.
- Capital allowances claims, including maximising historical acquisition and current refurbishment and refit claims.
- Organisational structuring guidance, including creation of most tax efficient structures.
- Employment taxation advice and support, including Fleet and Company Car schemes, BIK and PAYE advice and auto-enrolment/guidance.
Audits specifically tailored to cover motor dealer risks such as valuation of used cars, accuracy of bonus income and warranty provisions. We are very experienced in leading multi-site location audits in the UK and internationally.
Reviews and forensic investigations into potential fraud and any contractual disputes.
Stuart Stone, Managing Director
“Desira are a multi-franchise dealership with sites throughout East Anglia and in London. The group generated turnover in excess of £85m in 2015 and employs over 240 people. Larking Gowen have been our auditors since 2009 and since then have provided us with additional services including the valuation of, and how to account for, a new share option scheme as well as tax planning advice and systems reviews.
We chose Larking Gowen for their professional service and competitive pricing. We feel we have received excellent advice through the years and really value the personal relationship we have developed through regular meetings.”
Richard Coller, Managing Director
“Larking Gowen have been our key business advisor for over 25 years. They really take the time to understand us and our business. I know that they are on hand when I need them. They not only take away the stress and burden of Government red tape, so I can get on with running the business, but they are always there offering advice just when its needed.”
Stebbings Car Superstore
“Founded in 1976, Stebbings Car Superstore has become one of the most respected and successful Car Supermarkets in the UK recently opening our latest site in Norwich. We chose Larking Gowen to be our auditors and business advisors because of the depth of their technical and practical experience in helping growing businesses like us achieve our business goals.
We have developed a close working relationship with the team at Larking Gowen who are always on hand to assist us with any queries or opportunities which arise big or small, providing us with peace of mind and guiding us through the technicalities and potential pitfalls.”