Monthly Archives: March 2015

The Growing Problem of Phishing Emails

shutterstock_197991971Back in October last year, we blogged about the increase in the number of phishing emails being reported to HMRC. Six months on, the problem still seems to be growing. HMRC has reported the latest scam, which exploits M86 Security Labs, advanced anti-malware service.

The emails that people are receiving look identical to several earlier HMRC phishing emails, with the difference being that if users click on the picture embedded within the email, they’ll be led onto a HMRC phishing website. The victims are prompted to fill in their full name, birth-date and email, including their card details and postal address.

Often, the request for card information may not raise alarm as the fake email notified the victim that the information is required for a money-transfer exercise. The scammers then encourage victims to co-operate by telling them that if their details are wrongly entered, their tax rebate may get delayed.

We would like to remind you to be vigilant and bear in mind that HMRC will NEVER contact you via email regarding a tax refund. It’s important to make sure you never give your personal details out over email.

For more information on tax rebates, please contact our tax team on 01254 679131 or email tax@pmm.co.uk.

Tax Tables 2015/2016

shutterstock_228440362With the end of the tax year fast approaching, the new tax tables for 2015/2016 are now available. These tables reflect the announcements made during Chancellor George Osborne’s Spring Budget speech on Wednesday 18 March 2015. To view, please click on the button below.

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We also have hard copies of the tax tables available. If you would like a copy, please email tax@pmm.co.uk with your details, and we will get a copy to you.

If you have any queries about the updated tax table, please don’t hesitate to get in touch either by email or telephone on 01254 679131 and our team will be more than happy to answer any questions you may have.

PM+M Corporate Finance complete Management Buy-In at WS Rothband

shutterstock_242204359WS Rothband & Co. Limited, established in 1860 and supplier to the NHS for almost 70 years, has been acquired in a management buy-in led by Paul Dixon. Rothband has been developing protective equipment for radiology departments since the technology was introduced to the NHS.

The deal was funded by Seneca Partners and Rosebud Business Finance, and Tim Murphy, a director of Seneca Partners, will join the board at Rothband. Both Seneca and Paul Dixon are delighted with the acquisition, as they believe the market has huge potential for growth.

Paul Dixon commented: “One of the key factors in completing this acquisition and being able to successfully implement our growth plan, was always going to be finding the right team. Having worked with Jim previously I knew that he and PM+M were the right company to lead this venture and put together the right funding package.”

FW Capital and Ultimate Invoice Finance provided working capital to fund post-acquisition growth. Legal advice was provided to Seneca by Napthens and Taylors were legal advisers to Paul Dixon.

Jim Akrill, Corporate Finance Partner at PM+M, commented: “This was a challenging and complex deal to do but we were able to put together a funding package with a balanced mix of debt and equity which will allow the business to drive its exciting growth plans.”

For more information or advice on acquisitions, please contact Jim Akrill on 01254 679131 or by email at jim.akrill@pmm.co.uk.

VIDEO: Spring Budget 2015

George Osborne delivered his Spring Budget to Parliament on Wednesday. As anticipated, and as has happened during many pre-election budgets, there were very few surprises. The Chancellor took the time to focus on the strong growth of the UK economy and the low interest rate, as well as discussing the continually decreasing unemployment rate. Following our Budget seminar on Thursday 18 March, the PM+M team highlighted their key takeaways in our summary video. Full commentary is available by clicking on the button below.

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If you have any questions regarding the Spring Budget, please get in touch by email at blackburn@pmm.co.uk or by telephone on 01254 679131. Our team will be happy to help.

Individual Tax Planning – Useful Tips

shutterstock_118151488The tax year end is almost upon us, so the PM+M tax team have put together some useful tips for individuals who need guidance with their tax planning.

We understand that tax planning is complicated, so our team are here to help. Click on the button below to read through the help sheet and should you have any questions, please do not hesitate to give us a call.

Jane Parry – Tax Partner

DOWNLOAD HELPSHEET

PM+M Annual Survey 2015

shutterstock_88500526Every year, as a part of our ongoing commitment to providing quality service, we encourage our clients and contacts to provide us with honest feedback. Over the last year our team has grown and we want to ensure that we are continuing to provide the best service we can.

The survey comprises 10 questions and can be completed anonymously if you prefer. It will take no longer than 5 minutes to complete and as a thank you for your time, we will make a donation to Derian House Children’s Hospice for every completed questionnaire.

To take part in our short survey, please click the button below.

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The Manufacturing Hub – Showcasing East Lancashire’s Finest

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L-R – Tim Maddison (T&R Precision Engineering Ltd.), Andy Kay (NatWest), Steve Wilkinson (MAS), Ian Weatherill (Hope Technology) & Tim Mills (PM+M).

Whilst East Lancashire is home to a diverse range of business operations, manufacturing has been a key industry in our rich history. On Thursday 26th February, the first Manufacturing Hub event was organised in conjunction with NatWest and the Manufacturing Advisory Service. The aim of this first meeting was to showcase a “best in class” manufacturer and tell their story of growth, evolution and success.

The inaugural event was held at Hope Technology in Barnoldswick. As one of the world leaders in bicycle engineering, owners Ian Weatherill and Simon Sharp have been pushing the boundaries of the industry since 1989. With innovative design and testing methods, a strong brand image and a truly people focused culture, it was hard not to be inspired by their story.

With over 20 other East Lancashire manufacturers attending, the event proved extremely popular. Tim Mills, PM+M Corporate Finance Partner, commented: “The event was a great success. It’s great to see a local business succeeding by staying true to its roots. Hope Technology’s people really are at the core of its business model, and they don’t strive for growth for growth’s sake. Their knowledge of the industry is second to none and they involve their entire team every step of the way.”

A series of events is now in the pipeline to offer local manufacturers further opportunity to share best practices and knowledge with other like-minded business owners. If you would like to be involved in future Manufacturing Hub events, please register your interest by contacting either Faye Hughes (PM+M) at faye.hughes@pmm.co.uk, Andy Kay (NatWest) at andy.kay@natwest.com or Steve Wilkinson (MAS) at steve.wilkinson@mymas.org.