1. Alumni newsletter
Helping you prosper
UHY Connect
A WARM WELCOME
Welcome to the second edition of UHY Connect, our newsletter developed exclusively
for our alumni to keep you up-to-date with former colleagues and the latest news and
developments within the UHY Hacker Young Group.
In this issue we take a trip down memory lane as we celebrate the 90th
anniversary of our
London and Nottingham firm, we share details of our 2020 Vision, and we turn the spotlight
on our newest national sector team who are taking the automotive industry by storm.
We also catch up with some of our alumni to find out what they are doing now and take a
look at what two of our former colleagues got up to when they reconnected off the back of
featuring in our previous issue of UHY Connect!
Please do keep sharing your news with us – we are always keen to hear from you and, with
your permission, you may feature in our next edition of UHY Connect. And remember, if
you are a member of LinkedIn, you can join our UHY Hacker Young alumni group to stay
connected with former colleagues and UHY.
As we celebrate the 90th
anniversary of UHY Hacker Young, we recognise that we are very
fortunate to have worked with a fantastic team of people over our history and, whichever
office you worked for, I would like to thank you all for sharing this journey with us, and
helping us become the ambitious Group that we are today.
Jon Warsop, UHY Hacker Young Group Chairman
As we celebrate
the 90th
anniversary of
UHY Hacker Young,
we recognise
that we are
very fortunate
to have worked
with a fantastic
team of people
over our history.
Summer 2015
2. CONTENTS
LATEST GROUP NEWS 2
UHY’S 2020 VISION 3
DOUBLE WIN AT SCOTTISH ACCOUNTANCY AWARDS 2015 3
CELEBRATING 90 YEARS 4
DOUBLE TAXATION AWARDS WINNERS! 4
TECHNICAL SPOTLIGHT 5
LINKEDIN GROUP - ARE YOU A MEMBER? 6
QUICK AND EASY ACCESS TO KEY UK TAX INFORMATION 6
WHERE ARE THEY NOW? 7
YOUR NEWS 9
LAUNCHING A NEW ATTACK ON THE AUTOMOTIVE SECTOR 10
AND FINALLY... 11
STAYING IN TOUCH 11
1 Helping you prosper
3. 2
LATEST GROUP NEWS
UHY HACKER YOUNG HITS THE TOP 15
The UHY Hacker Young Group has reached
position 15 in the latest UK accountancy
league tables. With a fee income now in
excess of £52m, over 500 professional staff
and more than 100 partners, the Group has
grown from strength to strength to reach
this notable position.
NEW PARTNERS
We are pleased to announce a number of
recent partner appointments across the
Group, enhancing our expertise across a
range of disciplines:
LONDON:
Daniel Hutson has been
promoted to partner. He
joined our London office
in December 2011 having
previously worked for over
eight years at another City
firm. Daniel heads the London office
financial services team and has a wealth
of experience in auditing both listed and
private companies across a range of sectors
including natural resources, financial
services, shipping, property and the general
corporate market. He has also assisted
many companies with their admission
to the London Stock Exchange through
the IPO process and undertaken financial
due diligence projects in both the UK and
overseas.
LETCHWORTH:
Graham Boar has been with
our Letchworth office for
over a decade, and in 2015
he joined the firm’s board
of directors. He joined our
Letchworth office as a
graduate in 2003 and qualified as a
Chartered Accountant in 2006, before
transitioning from general practice into tax
soon after. In 2012 Graham qualified for,
and became a full member of, the Society
of Trust and Estate Practitioners (STEP) and
is now responsible for ensuring that the tax
obligations of the firms’ private clients are
met.
GLASGOW:
Graham Cunning has been
appointed as a corporate
finance partner. Graham,
who previously worked in two
of the Big Four firms as well
as holding senior positions in
Helping you prosper
banking, has acted as a consultant for our
Glasgow office for the past two years.
He will use his skills and experience in
M&A, strategy, private equity and banking
to provide corporate finance advice to
companies and shareholders, as well as
continue to develop relationships for the firm
with corporate targets.
Murdoch MacLennan has
joined as a partner responsible
for driving the firm’s business
development across the
owner managed business
market in Scotland.
Murdoch has had a very successful career
in banking, and is a well-known face in the
business community in Central Scotland.
In his time at Clydesdale Bank, Murdoch
developed an extensive, sector diverse
knowledge base. He has an established
track record of delivering commercially
focused business solutions to clients.
Craig Coyle has been
promoted from director to
tax partner. He has provided
tax consulting advice to
companies and their
shareholders for over fifteen
years, with clients ranging from owner
managed businesses to large multinational
groups. Craig has particular experience
of providing tax support for transactions,
dealing with international matters and
regularly works with clients on the
restructuring of corporate groups in order
to optimise the tax efficiency of structures,
including advice on demergers and
Entrepreneurs’ Relief for shareholders.
RETIREES
YORK:
Julia Judson-Smith and Keith Ward, both
partners at our York firm UHY Calvert Smith,
retired in March of this year. Both were long
serving members and had spent a combined
total of over 50 years at the firm.
Julia joined in 1997 from
Price Waterhouse Coopers in
Newcastle as a tax manager
before becoming a partner
and then managing partner
12 years ago. During this
time, Julia’s expertise in taxation led to the
firm’s expansion into the trusts and landed
estates sector which resulted in many long
standing trust and estate clients for whom
Julia played a key role.
Keith also had many long
term business relationships,
having joined UHY Calvert
Smith in 1982 and becoming
partner in 1984. His
specialisms were within small
and medium sized entities and he won
the West Yorkshire Society of Chartered
Accountants ‘Everybody Counts’ award in
2003, in recognition of his work for local
sports charities.
A buffet and drinks reception was held in
March at The Merchant Taylors Hall in York
to give clients and staff the opportunity to
say goodbye and wish Keith and Julia a very
happy retirement!
MANCHESTER:
Eddie Stanton, a tax
partner in our Manchester
office, retired in January.
Reminiscing about the early
days of his career, Eddie said
“I joined the Inland Revenue
at the age of 16 in the Summer of 1965,
when the Hollies were top of the charts with
‘I’m Alive!’ Corporation tax and Capital
Gains Tax had both been introduced in April
that year.” Looking forward, he admits
that “although the prospect of retirement
was pretty scary initially, I am now looking
forward to golf, cooking, walking, learning
to play a musical instrument and, best of all,
spending more time being a grandad.”
The UHY Hacker
Young Group reached
position 15 in the
latest UK league
tables, with a fee
income now in excess
of £52m.
ALUMNI NEWSLETTER
SUMMER 2015
4. The priority for
the Group over
the next five
years is to look
at the methods
for achieving
sustainable
growth whilst
ensuring we deliver
the best possible
advice and client
care to the
widest possible
range of clients.
3 Helping you prosper
ALUMNI NEWSLETTER
SUMMER 2015
Jon Warsop
Group Chairman
We want everyone to know about and
benefit from our international capabilities
through UHY International, our cohesive
international network comprising
individuals from all regions who work
together regularly and take time to know
each other. If you are already operating
overseas, or you plan to do so in the future,
we want you to know that this is the
network for international business.
We are looking to address the technological
developments happening across ours and
other sectors, in order to offer our clients an
even faster and more efficient delivery
of service.
We want to combine all of these factors in
order to deliver an exceptional level of
client service, with a dedicated partner to
manage the client relationship and a team
and service that is tailored to each client’s
needs and long-term objectives. Ultimately
we are passionate about helping you
prosper.
Look out for more details about our strategy
and its implementation in future issues of
UHY Connect.
After saying a fond farewell to Howard
Spencer as the Group Chairman at the
end of 2014, we welcomed Jon Warsop
into the role and kick started 2015 with a
focus on our Group strategy for the next
five years, UHY’s 2020 Vision.
As a national Group, we have set objectives
and goals for our UK team that are realistic
and achievable yet will challenge us over the
next five year period to 2020. Our strategy
looks at our own growth and the methods
for achieving sustainable progress, whilst
meeting the ever-evolving needs of our
clients and developing our ability to better
share our experience and knowledge with
our clients.
LOOKING TO BUILD ON OUR STRENGTHS
We recognise that we have a fantastic team
of UHY people who strive to be trusted
advisers for all of our clients’ business and
personal financial needs. We want to ensure
that we keep these people and that we
attract others just like them.
We are looking to develop and share our
specialist sector expertise across more
industries and markets, finding new and
more efficient ways to share the benefit of
our insight with our clients in these sectors.
UHY’S 2020 VISION
which we share with our clients, always with
the aim of helping their business prosper and
grow.
In planning for the future, we have a focus
on investing in the next generation of
accountants, ensuring that they develop as
well rounded business advisers. The firm
is delighted with these awards which are a
reflection of the hard work and dedication
of our staff to ensure that our clients’ best
interests are our priority.”
Our Scottish member firm, Campbell
Dallas, has scooped a double win at the
prestigious annual Scottish Accountancy
& Finance Awards 2015, held in Glasgow
in June.
The firm won the top award – ‘Accountancy
Firm of the Year’, whilst its HR team also
picked up the award for ‘Training Team of
the Year’.
Managing Partner, Chris Horne, said: “As
a firm we have mapped out a clear vision,
which we have shared with all our staff.
Our fee income continues to rise year on
year and we are investing in our staff and
partners to help drive forward our five year
growth plan. Our strategy is quite simply to
look after our clients and staff. We have a
strong network of connections at all levels
within the business community in Scotland
DOUBLE WIN AT SCOTTISH ACCOUNTANCY
AWARDS 2015
5. 4
CELEBRATING 90 YEARS
Helping you prosper
This year our London and Nottingham
firm are celebrating the 90th
anniversary
of UHY Hacker Young, having developed
from its modest beginnings into today’s
thriving Top 15 UK accountancy network
with a global presence through UHY
International.
Our last anniversary celebrations were
in 2000, when UHY Hacker Young - or
Hacker Young as it was then - turned 75
years. In the subsequent fifteen years, we
have witnessed significant growth and
development within UHY; across our London
and Nottingham firm, within the UK Group
and throughout our global network.
In May we marked the official celebrations
with a drinks reception, attended by over
240 guests, in the elegant surroundings of
the Wallace Collection in London. Ladislav
Hornan, London managing partner,
welcomed guests and acknowledged how
far the UHY UK Group has come since the
founding of the London office by Jonny
Rubens and Mark Hacker back in 1925.
During his speech, Ladislav recognised that
“while we have achieved much in these last
fifteen years, our appetite is for more growth
and evolution.”
The occasion was then marked by the
unveiling of a specially commissioned piece
of artwork by the street artist ‘Pure Evil’
which now resides in our London office
reception alongside another Pure Evil piece
‘New logo for the Hackney Looting Team’.
The latter piece was made famous during the
London Olympics when Pure Evil graffitied
the art on a wall at Broadway Market in East
London.
The specially commissioned artwork is
also included on the cover of our new
publication, UHY in 2015: Celebrating 90
years, which is available to download via our
website. The publication provides a profile
of the firm today as well as highlighting
significant achievements since our 75th
anniversary – we hope you enjoy the read!
Our London office tax investigations
team had a pretty successful evening at
Taxation Magazine’s National Taxation
Awards 2015, when they returned with
not one but two awards! The team won
the Tax Team in a National Firm category
and also the Tax Investigations Team
category at the awards.
The tax investigations team is led by Michael
Avient who joined the firm in 2013, bringing
22 years of experience in investigation
and litigation work. His team was further
augmented by the appointment of Heather
Williams, who is listed in Tax Journal’s 40
under 40 compilation for 2015.
The team have been at the forefront of the
current evolving tax environment, resolving
complex issues faced by High Net Worth
Individuals subject to investigation as well as
challenging the issue of Accelerated Payment
Notices and the legality of the relevant
legislation. You can read more about the
team and their work on our website.
The national awards recognise the best in the
taxation industry, celebrating excellence and
promoting the highest standards possible.
We are delighted that the team has been
recognised for their significant technical
knowledge and hard work.
DOUBLE TAXATION AWARDS WINNERS!
ALUMNI NEWSLETTER
SUMMER 2015
6. 5
RECENT IFRS STANDARDS AND
INTERPRETATIONS - AS AT 31 MARCH
2015
Our New IFRS and interpretations
technical bulletin is now available to
download.
The bulletin provides a high level overview
of the most recently issued International
Financial Reporting Standards (IFRS) and
interpretations, in order to assist entities
in complying with international financial
reporting requirements, namely IAS 8
disclosure requirements relating to changes
in accounting policies.
At the end of the bulletin is a schedule which
can be used as a checklist by preparers or
auditors of accounts and so that all new
financial reporting requirements have been
fully considered in the period end process.
This bulletin is updated quarterly and the
next instalment is due in August.
LDF SET TO CLOSE ON 31 DECEMBER
2015
With HMRC entering into a long succession
of information exchange agreements, the
chances of the tax man finding out about
offshore assets - whether in Liechtenstein,
Switzerland or anywhere else - is now
extremely high. If you have undeclared
UK tax liabilities you have two choices: to
wait until your turn comes or to get in first
with a disclosure of relevant income and
gains. If you are going to disclose, it usually
makes sense to take advantage of the
very generous terms of the Liechtenstein
Disclosure Facility (LDF).
Despite the name, the LDF is open to
almost anyone with undeclared tax liabilities
associated with any offshore assets.
However, time is running out to use the
facility, which is due to close at the end of
2015 ‘in advance of a new disclosure facility’.
It is understood that the new facility will be
time limited and on less generous terms, but
full detail will be unveiled soon.
For information on the LDF and in order
to understand whether or not this is the
best course of disclosure for you, please
download our factsheet from our website.
2015 SUMMER BUDGET
George Osborne presented the first Budget
of this full Conservative Parliament on
Wednesday 8 July 2015.
In his opening comments, Osborne stated
he was going to deliver a “big Budget for
a country with big ambitions… to secure
Britain’s future.” The speech set out his
plans for the next five years “to keep moving
us from a low wage, high tax, high welfare
economy; to the higher wage, lower welfare
country we intend to create.”
As with all Budget announcements, we
provided live Twitter commentary on
the Budget as it happened, and have also
produced a summary of the main changes
that will quickly bring you up to speed,
focusing on the issues likely to affect you,
your family and your business.
Main Budget tax proposals
• New taxation system for dividend receipts
for individuals.
• Proposals to restrict interest relief for ‘buy
to let’ landlords.
• Extension to the Inheritance Tax nil rate
band available.
Other tax changes
• An announcement on the amount of the
Annual Investment Allowance available to
businesses from January 2016.
• Removal of the tax relief available on the
acquisition of goodwill and customer
related intangibles.
• An increase in the NIC Employment
Allowance.
To help you decipher what was announced
we have included our own comments. You
can download our 2015 Summer Budget
summary here.
TECHNICAL SPOTLIGHT
We provide regular and timely advice on a variety of topics including accounting
issues, tax news and developments, VAT issues and much more. Outlined below are
some of the latest issues that may affect you.
KEEPING YOU INFORMED
All of our most recent
factsheets and publications
can be downloaded from the
resources and publications
section of our website. If you
would like us to automatically
send these updates to you
by email in the future, please
email your details to
marketing@uhy-uk.com
or subscribe to receive your
selection of our publications
via the subscriptions section
on our website.
Helping you prosper
ALUMNI NEWSLETTER
SUMMER 2015
7. 6
LINKEDIN GROUP - ARE YOU A MEMBER?
Version 2.2 of our iPhone tax app, UK
tax hub, has been released!
As well as all of the latest UK tax rates
and tax dates, the latest version of our
app includes functionality such as a new
personalised section called ‘my tax dates‘,
which allows you to add your key business
dates to your calendar (such as reminders
to send the annual return and filing fee to
Companies House, or that corporate tax
payment is due with HMRC), as well as social
sharing options.
You can download the app on the App Store
here: UK Tax App, or alternatively type ‘UK
tax hub’ into your App Store.
If you already have the app it is worth
noting that whilst most iPhone’s are set
to automatically install updates, if the
information in your app appears to be out of
date, you will need to go into the ‘update’
tab within the App Store on your iPhone and
install the update.
If you have any queries relating to our app,
please contact the UHY marketing & BD
team at marketing@uhy-uk.com or
020 7216 4650.
QUICK AND EASY ACCESS TO KEY UK TAX INFORMATION
We want to hear
about your news
and we would love
for you to start
discussions
within the group.
Helping you prosper
ALUMNI NEWSLETTER
SUMMER 2015
Following the launch of
our alumni LinkedIn group
at the start of the year,
the group now has almost
200 members.
The aim of the group is to provide a private
community for our alumni and current staff
to make contact, post discussions (technical
or otherwise), access our latest newsletters
including UHY Connect, and share
news. We will also be sharing details of
forthcoming events via the group, including
details of alumni events, so make sure you
have joined the group to hear about these
events first.
The group is a great way to stay connected
to UHY and former colleagues. If you are
already a member of LinkedIn but you
haven’t joined our alumni group, you can
do so easily by submitting a request to join
via this link: UHY Hacker Young Group
alumni.
And remember, we want to hear about your
news and we would love for you to start
discussions within the group – the more of
you that join and participate in the group,
the more useful it will be!
If you would like to join the group but are
not yet a member of LinkedIn, we have
produced a useful guide to help you set
up your profile and get the most out of
LinkedIn.
8. 7
WHERE ARE THEY NOW?
We recently caught up with some of our alumni to find out what they are doing now
and how their time at UHY Hacker Young helped them get to where they are.
PAUL SHERMAN
Paul joined our London office
in 1983 as an audit junior, in
the days of senior partners
Stuart Young and Arthur
Harvard. His career began at 19 years old,
after a one year accounting diploma at City
of London Poly. As the youngest of 13
new recruits, Paul qualified as a Chartered
Accountant when he was 21 years old.
Of his time at Hacker Young (in the days
before we added UHY to our name), Paul
says “I learned from seniors like Sammy
Elijah, David Marks, Dave Hoskins, Paul
Tuhrim, Michael Needleman, Charlie Moore
and Nigel Gamble. I worked on clients such
as Windsmoor, Carlton Communications
and Tangent, in vastly different industries
and spent my last year working on
acquisitions and stock exchange flotations.
My experience was more varied and the
responsibility given to me was invaluable.
Whenever I attended training, I found that
my experience was far broader than those
attending from the big eight firms. I worked
for several partners, but mostly for Howard
Spencer, who I admired and respected
immensely. I am fortunate that we have
remained in touch for the 28 years since I left
the firm in 1987.”
For the past five years, Paul has been Chief
Financial Officer at ABB Optical Group, based
in South Florida in the United States. ABB
supplies 30,000 eye doctors, retail stores,
hospitals and universities, with brand name
contact lenses and other optical products.
The company’s revenue exceeds $1 billion
and has grown rapidly through acquisitions
and organic growth, at levels above the
industry’s growth.
After his time at UHY, Paul became assistant
controller at Charterhall PLC, an acquisitive
public company with operating businesses
in various industries. In 1989, he emigrated
to the U.S. and initially joined a corporate
finance consultancy. Paul then went on
to join Burger King Corporation, which is
headquartered in Miami and at the time was
owned by Grand Metropolitan PLC, which
then merged with Guinness to form Diageo
PLC. In his ten years there, Paul served
in nine roles of increasing responsibility,
including CFO for the company-owned
restaurants and Vice President, Operations
Excellence. Paul later spent seven years at
LNR Property Corporation, a multi-million
dollar real estate business that invests in
commercial mortgage loans, commercial
mortgage backed securities and complex
financial instruments.
Paul says “I have always been appreciative
of my foundation at Hacker Young, which
taught me never to be out-worked, the
importance of having fun and set the tone
for applying my skill sets in varying industries.
As a result of my own foundation, I have
always placed greater importance on a
person’s attitude, infectious enthusiasm and
willingness to work hard and learn, than
on their degrees and qualifications or the
university they attended. Hacker Young
showed me that success is only generated by
giving well-deserving people responsibility,
opportunity and exposure, focusing on their
growth, challenging them to raise the bar,
celebrating their successes and rewarding
them.
Most memorable about my experience at
Hacker Young was the camaraderie with my
fellow recruits, as well as with people junior
and senior to me. I enjoyed working at
clients, but cherished the days in the office
after we hadn’t seen each other for weeks.
I was, and have always been, proud to tell
people that I began my career at Hacker
Young.“
Helping you prosper
ALUMNI NEWSLETTER
SUMMER 2015
I was, and have
always been,
proud to tell
people that I
began my career
at UHY Hacker
Young.
Paul Sherman
Chief Financial Officer
ABB Optical Group
9. 8
Robert says “my time at UHY has been of
huge benefit to me. The exposure to many
different industries has helped me gain the
experience required in my current role.
I use this experience to develop and
strengthen the audit and compliance
function at the ESC and I am often referred
to for audit advice and compliance matters
because of the experience I have gained.
My most memorable time at UHY was, of
course, my secondment to the Melbourne
office in Australia. It was such a great
experience, I felt a great deal of achievement
to be able to audit for a fellow UHY
network member on the other side of the
world. Another memorable experience was
generally my time in the Nottingham office,
I do miss the partners and the staff there, so
much so that when I was last in the UK in
July 2014, I popped in to say hello!”
ROBERT GRAY
Robert joined our Nottingham
office as an audit senior at
the end of 2005, having
completed his ACCA exams
with a medium-sized firm of chartered
accountants in Leicester. Following
qualification, he took the decision to join
UHY to increase his exposure to varied audit
and accounting assignments.
Having been promoted to audit supervisor
in 2007, by July 2008 Robert managed to
negotiate a three month secondment with
UHY Haines Norton Chartered Accountants
in Melbourne, Australia. Robert says: “This
was a fantastic experience, made possible
by working with understanding bosses and
within the global accountancy network
of UHY. The partners at the Melbourne
office provided me with an unforgettable
experience and plenty of work due to the
fact that July to September is their end of
financial year busy season. Everyone at the
Nottingham office assumed I was going to
relax on the beach!”
After five and a half years in Nottingham,
Robert took a permanent role as audit
supervisor with UHY Haines Norton. Here
he continued to gain much exposure
to a wide range of private companies,
industries, financial institutions, not for profit
organisations and a large amount of auditing
on behalf of the Victorian State Government,
including the whole of the Greyhound and
Harness Racing industry in Victoria.
After two years at UHY Haines Norton,
Robert moved to the Essential Services
Commission (ESC), the state of Victoria’s
independent economic regulator of the
electricity, gas, water and sewerage, ports
and rail freight industries. The ESC also
administer an Energy Saver Initiative,
designed to make energy efficiency
improvements more affordable for homes
and businesses. So far Robert has held
two roles within the audit and compliance
team at the ESC, one role within the Energy
division, which works with the energy
retailers and distributors, and another role
within the Energy Saver scheme.
Helping you prosper
ALUMNI NEWSLETTER
SUMMER 2015
A fantastic
experience,
made possible
by working with
understanding
bosses and
within the global
accountancy
network of UHY.
Robert Gray
Audit and Compliance Officer
Essential Services Commission
10. 9
YOUR NEWS
Helping you prosper
FRIENDS REUNITED!
In our last issue of UHY Connect we featured
profiles on David Symes and Gilbert Loke.
Both David and Gilbert worked in our
London office during the mid-80s and struck
up a good friendship during that time.
Having lost touch over the years, they were
delighted to see they both featured in UHY
Connect and got back in touch as a result.
David, who spends a lot of time in Hong
Kong where Gilbert now lives and works, got
in touch with us to ask for Gilbert’s contact
details.
ALUMNI NEWSLETTER
SUMMER 2015
LET US KNOW YOUR NEWS
We are currently on the
lookout for alumni who
would like their profile to
appear in the next issue of
UHY Connect.
If you are interested in
sharing your achievements
with our alumni community,
please contact:
Georgina Blythe
t: 020 7216 4650
e: g.blythe@uhy-uk.com
LONDON TO PARIS
We recently heard from Paul Rosen, who
worked at our London office as an audit
manager before joining a client as finance
director in 1992. Paul’s time at UHY
included a year working for UHY in
New York, in what was one of the first
international staff secondments ever
undertaken by the UHY Group.
Now CEO at MPL Home Ltd, a houseware
company specialising in the design, sourcing,
import and distribution of home related
products, Paul is still in contact with former
Group Chairman and London audit partner,
Howard Spencer. Paul got in touch recently
to let Howard know about the London to
Paris bike ride that he took part in. The
ride is an amazing charity challenge starting
from the UK’s capital, through the English
countryside over to rural France and on to
the heart of Paris, finishing under the Eiffel
Tower.
Having swapped a few emails, David
promised to catch up with Gilbert on his next
trip to Hong Kong.
Despite not expecting to arrive at his hotel
until 10.30pm following a ten hour trip
from Dubai, after landing David rang Gilbert
who was still in his office (which happened
to only be a two minute walk away from
David’s hotel). The two contemporaries met
up and kept the bar open till past 2am as
they reminisced and recounted stories of
their time at UHY!
Paul finished the 512km ride after 22
hours and 40 minutes in the saddle, having
achieved an average speed of 22.5km
an hour with a total climb of 4500m.
We would like to congratulate Paul on
completing this incredible challenge and
raising over £3,500 for Chai Cancer Care.
We are proud of
the achievements
of our alumni
and interested in
where your time
at UHY Hacker
Young has taken
you.
11. 10
SECTOR SPOTLIGHT: LAUNCHING A NEW
ATTACK ON THE AUTOMOTIVE SECTOR
THE DRIVING FORCE BEHIND OUR
AUTOMOTIVE OFFERING
David started his career
14 years ago in a boutique
accountancy firm, specialising
in the automotive sector.
He successfully joined the
management team after a short period
and delivered significant growth, including
setting up a corporate finance department
early on. Since then he has gained his
Corporate Finance (CF) qualification and
achieved partner status in 2012. In early
2014, David joined UHY Hacker Young as a
partner in our Manchester office to drive the
business forward and is currently working on
a large number of corporate engagements,
having completed six deals this year already
with numerous close to fruition.
David has acted as a trusted adviser for
numerous privately owned businesses, and
taken a lead advisory role on in excess of 100
transactions with estimated combined value
of circa £350m. With significant experience
in the automotive sector, he is known as one
of the leading professional advisers in the
marketplace and has an extensive network
of contacts in the industry. His enthusiasm,
energy and drive have made a significant
impact in the UHY Group already over the
past 18 months.
Outside of work he enjoys many sports
including football and golf, as well as being
Chairman of Lindow Cricket Club where he
has played for over 18 years. His objective
is to develop local cricket at both junior and
senior levels, as well as ensuring the club’s
long term future through a solid financial
cash position. He is regularly involved in
fundraising events to help support the club
and local charities.
David can be contacted on 0161 236 6936
or at d.kendrick@uhy-uk.com.
Our UK Group has, for many years,
promoted our national capability within
the motor trade and transport sector.
Our client base has ranged from small
garage owners and car hire companies to
large independent franchise dealerships
and owner managed haulage and
storage companies. A bout of new
partner appointments last year within
our Manchester office, however, has
added a whole new dimension to our
coverage of the sector and with it a new
national sector group for UHY.
The three new partner appointments cover
audit, tax and corporate finance. Their
offering is further complemented by the
recent appointment of an ex motor retailer
to the team and, between them, they
have over 50 years’ experience within the
automotive sector.
They are well regarded as specialists in this
sector, having worked with most ‘household
name’ franchised dealer groups in the
UK. In addition to providing traditional
audit and tax services, their experience
also covers more industry-specific financial
and operation consultancy projects
(including Internal Business Reviews ‘IBRs’,
profit optimisation and new market entry
assignments) across the UK and Europe on
behalf of institutional lenders and Original
Equipment Manufacturers.
All three partners joined the Manchester
office from a specialist automotive
accounting firm and are focusing their
combined efforts on national dealer
networks. The partners are supported by
UHY’s national automotive team, to ensure
we are able to combine a local responsive
service with deep and wide ranging
automotive skills and experience.
Mike Wasinski, Manchester office managing
partner, said:
“These appointments take us firmly into the
sector, packing a real punch against our main
sector competitors. We have already held
more than 50 meetings with prospective
clients within the sector and have many
more in our sights.”
To read more about the team’s experience
and the specialist services we provide
to the automotive sector, please see the
automotive section on our website.
A bout of
new partner
appointments last
year within our
Manchester office,
has added a whole
new dimension to
our coverage of the
automotive sector
and with it a new
national sector
group for UHY.
Helping you prosper
ALUMNI NEWSLETTER
SUMMER 2015
12. 11
AND FINALLY...
Helping you prosper
STAYING IN TOUCH
We hope that UHY Connect and our LinkedIn alumni group will act as the first step towards building a
unique alumni community that will benefit both past and present employees of UHY.
We would appreciate your thoughts, ideas and suggestions on our alumni programme going forward.
If you would like to contribute to the next issue of UHY Connect please contact us at:
marketing@uhy-uk.com.
UHY 101 DOGGY PADDLERS WIN THE
2015 DRAGON BOAT FESTIVAL
The 2015 Dragon Boat Festival, held in May
at Brindley Place in Birmingham, involved
20 teams competing in a series of heats
in traditional Chinese longboats along the
Birmingham Canal Old Main Line.
The teams that took part were assigned a
specific year for fancy dress between 1995
and 2015 to celebrate Brindley Place’s 20th
anniversary with the aim of raising £100,000
for a local charity, Cure Leukaemia.
UHY were allocated the year 1996 and
decided on 101 Dalmations as the theme,
going by the name ‘UHY 101 Doggy
Paddlers’. The team won all five races,
beating the sponsors Deutsche Bank
in the final (who were dressed as the
118 telephone operating men!). Our
Birmingham team raised over £2,000 for
Cure Leukaemia.
THE BEN NEVIS CHALLENGE IN AID OF
TOM’S TRUST
On 12 September 2015, colleagues from our
Letchworth, Royston and Cambridge offices
and their sister companies, Virtual Business
Source and Provisio, will be taking on the
Ben Nevis Challenge!
The challenge includes trekking to the
summit of the tallest peak in the British
Isles, cycling 25 miles through the beautiful
Scottish highlands and canoeing a 3km
course on a loch in one day.
The three teams are fundraising for Tom’s
Trust, a charity that was set up by Provisio’s
managing director and his family after his
son, Tom, passed away from a brain tumour
aged nine.
In partnership with Addenbrooke’s Hospital
and two other charities, Tom’s Trust has
funded and launched “Brainbow” – the
UK’s first rehabilitation service dedicated
to children with brain tumours. Tom’s Trust
is currently raising funds to expand and
continue this service so that all affected
children in the East Anglia region can be
given the best chance to achieve their true
potential.
It goes without saying that all donations
no matter how small will help make these
children’s lives better and go a long way to
helping them in their recovery from this life-
changing disease.
If you would like to make a donation and
contribute to their efforts to raise over
£6,000 for this fantastic charity, please
visit: www.justgiving.com/teams/
teamtombennevis.
FOLLOW US ON:
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LinkedIn
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Facebook
FORTHCOMING EVENTS
We run regular events
across the UK from business
clubs, round table events
and technical seminars to
golf days and networking
events. To view all of the
upcoming events being
hosted by our offices, please
visit the Events page on
our website or email Rae
McCarthy, national marketing
and BD executive at:
r.mccarthy@uhy-uk.com.
ALUMNI NEWSLETTER
SUMMER 2015
