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Corporate Finance and Deal Advisory
We offer a dedicated team of experienced individuals with a focus on successfully executing transactions for corporates and financial institutions. We offer an integrated approach, with our corporate finance specialists working seamlessly with tax and other specialists to ensure that every angle is covered.
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Digital Risk
Grant Thornton offers solutions to the digital risk issues you are sure to face. Our skilled and experienced security team can helping by advising and consulting, giving you peace of mind, clear value for money and an enhanced ability to react to attacks.
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Technology Consulting
Motivating and assisting our clients to pursue, maintain and secure the benefits of digital solutions is at the core of our Digital Transformation teams' agenda and goals. We work with business leaders to deliver efficient digital strategies and operating models that provide new or enhanced capabilities.
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Economic Advisory
Our all-island Economics Advisory team combines expertise in economics and business with a wealth of experience across the public and private sectors.
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Forensic Accounting
We have a different way of doing business by delivering real insight through a combination of technical rigour, commercial experience and intuitive judgment. We take pride in delivering responsive and tailored solutions to all our clients, capitalising on the wealth of experience housed within our Belfast and wider Forensics team
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People and Change Consulting
The Grant Thornton People & Change Consulting practice works with clients on these issues as well as on all aspects of how they attract, retain, engage develop, deploy and lead their people.
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Restructuring
We work with a wide variety of clients and stakeholders such as high street banks, private equity funds, directors, government agencies and creditors to implement solutions which provide the best possible outcomes.
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Corporate and International Tax
Northern Ireland businesses face further challenges as they operate in the only part of the UK that has a land border with a country offering a lower tax rate.
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Employer Solutions
Our team specialises in remuneration and incentive planning and works closely with employers, shareholders and employees to ensure that business strategies are aligned and goals achieved in the most tax efficient, cost-effective manner.
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Entrepreneur and Private Client Taxes
Our team of experienced advisors are on hand to guide you through any decision or transaction ranging from the establishment of new business ventures, to realising value on exit, to succession planning and providing for loved ones.
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Global Mobility Services
Grant Thornton offer a different approach to managing global mobility. We have brought together specialists from our tax, global payroll, people and change and financial accounting teams across Ireland and Northern Ireland, while drawing on the knowledge and insights of our global network of over 143 offices of mobility professionals to provide you with a holistic approach to managing global mobility.
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Outsourced Payroll
Our outsourced service provides valued service to over 150 separate PAYE schemes. These ranging from 1 to 1000 employees, working for micro, SME and global employers. The service is supported by the integrated network of tax and global mobility teams and the wider Grant Thornton network delivering a seamless service. Experienced staff deliver a personal service built around your business needs.
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Tax Disputes and Investigations
Our Tax Disputes and Investigation team is made up of tax experts and former HMRC investigators who have years of experience in dealing with a variety of tax investigations. Our expertise and insight can guide you through all interactions, keeping your cost at a minimum while allowing you to continue with the day to day running of your business.
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VAT and Indirect Taxes
At Grant Thornton (NI) LLP, our team helps Northern Ireland businesses manage their UK and global indirect tax risks which, as transactional taxes, can quickly become big liabilities.
Company Voluntary Arrangement
23 Jun 2020The health impact of the COVID-19 pandemic has been devastating and stark. Thankfully lockdown in Northern Ireland is beginning to be eased, and we are starting the long road back to normality.
For many businesses, the true financial impact is now starting to come to light. For some, this is the biggest period of uncertainty that they have ever faced. For others, it could be the biggest challenge since the financial crisis of 2007/08.
Most industries will have seen significant disruption to their supply chain, workforce, and cash flow during this period, and could well continue to see disruptions for prolonged periods of time.
The unparalleled peace-time government interventions to limit the economic impact include; state backed loans, grants, payment deferrals, the job retention scheme, and the most wholesale changes to insolvency legislation in a generation. Unfortunately, and despite these government interventions, many forecast that the economic impact of COVID-19 could be so significant that many businesses are likely to suffer severe financial distress and potentially insolvency.
Should your business be facing insolvency now or in the future, the first thing you should do is contact an Insolvency Practitioner.
An Insolvency Practitioner will consider your current position and detail the options available to you depending on your specific circumstances. Remember, when dealing with insolvency, your focus must change so as to act in the interests of creditors above the shareholders. Failure to do so can have significant consequences, including a risk of personal liability and disqualification.
Most businesses go through a phase of financial restructuring at some point in their business cycle, but this does not always have to involve closure. A fundamental reorganisation of a business’s assets and liabilities can often secure the future of the business in the longer term.
For many businesses, a Company Voluntary Arrangement (CVA) may be the most effective way to affect the financial restructuring that they require.
A CVA is a legally binding agreement that allows a company to repay an agreed amount of its debts over a set period of time, usually two to five years.
This is an excellent restructuring tool for those fundamentally solid businesses with short to medium term cash flow challenges. CVAs are very flexible, and can be tailored to the specific circumstances of any business regardless of sector, subject to receiving the appropriate threshold of creditor support.
Directors remain in control of the day-to-day management of the business, and an Insolvency Practitioner supervises the CVA process. Repayment amounts are dictated by affordability based on projected trading, and often provide better returns to creditors when compared to the Liquidation of the Company.
With the above benefits, we anticipate seeing a substantial increase in the number of CVAs in the months ahead.