Preservation of Jobs in Engineering Firm

The administrators of a Birmingham-based engineering firm, AE Aerospace, have been successful is achieving a sale of the business, preserving 47 jobs in the process.

Richard Tonks of BK Plus and Gareth Prince of Begbies Traynor, were appointed as joint administrators of precision-engineering firm AE Aerospace on Monday 4 October.  Following an extensive marketing campaign and negotiations with interested parties, a sale was agreed on 15 October to a company headed up by part of the Company’s previous management.

Richard Tonks said: “We are delighted to have completed a sale, which secures continuity for the Company’s remaining employees and preserves an award-winning manufacturing presence in the Midlands.”

Having joined BK Plus in August 2021, Tonks added:  “It’s also positive to achieve a successful outcome so soon into our journey at BK Plus.”

AE Aerospace works with the aerospace, marine and defence industries.

The Joint Administrators were advised and supported by Shoosmiths and MGR Appraisals.

Expanding The Team With A Tax Expert

Jeni Bramley joins with over 25 years’ experience assisting both corporate clients in small to medium-sized companies and individuals with their Tax Planning needs.  She is the latest addition to the growing team at BK Plus, offering specialist tax advice to help achieve substantial tax savings.

Having worked within a top 10 accountancy firm for over 18 years, she has worked with many businesses of all sizes handling ad hoc taxation queries and providing tax mitigation advice across the breadth of the tax arena, including Capital Gains Tax, Income Tax, Corporate Tax , business acquisitions and IHT.  Jeni also has a wealth of experience in corporate restructuring, remuneration and exit planning.

Jeni doesn’t only work with businesses, she is also able to offer Inheritance Tax advice and Trust and Estate Planning to aid clients with wealth protection.

David Baldwin, Co-Founder of BK Plus, “Having worked with Jeni in a previous business, we know how she will be able to help our clients, so it’s exciting to have her on board. Over the years she has helped so many businesses and individuals with their tax planning, and now we are able to offer this specialist advice to our clients”

Jeni has said “It’s great to be back working with David, Shaun and the wider team, they are building something really special. Being able to offer local support to local people again and really being able to make that difference is so rewarding.”

Have You Made Your Coronavirus Job Retention Scheme Claim?

On the 30th September the Coronavirus Job Retention Scheme (CJRS), also known as the furlough scheme, came to an end. Employers are able to claim for their employee’s wages if they have been furloughed due to COVID-19 until 14th October.

If you happen to miss the claim deadline, HRMC may accept late claims if you have a reasonable excuse, taken reasonable care to try and claim on time or have claimed without delay as soon as you were able to do so.

Important dates:

14th October 2021 – Last day to submit CJRS claims for September 2021.

28th October 2021 – Last day to make any amends to a CJRS claim for September 2021.

What will you need to make a claim?

You will need the following information to make a claim on a furloughed employee’s wages:

  • to be registered for PAYE online (you will need your Government Gateway ID and password)
  • your UK, Channel Island or Isle of Man bank account number and sort
  • the billing address on your bank account
  • your employer PAYE scheme reference number
  • the number of employees being furloughed
  • each employee’s National Insurance
  • each employee’s payroll or employee number
  • the start date and end date of the claim
  • the full amounts of employee wages you’re claiming for
  • your phone number
  • contact name

 

For further information and to claim, visit the dedicated government website here.

If your business has been affected by Coronavirus, or if you need help with your accounts, get in touch with our team at hello@bkplus.co.uk