Lighter, faster, better – the key elements to charging the electrical vehicle revolution

Johnathan Dudley, Head of Manufacturing at national audit, tax, advisory and risk firm, Crowe, has welcomed the West Midlands Combined Authority’s (WMCA) decision to make a repayable grant of £18 million to fast charge the new £126 million battery park in Coventry.

WMCA has backed the new UK Battery Industrialisation Centre (UKBIC) in Coventry and the 193,750 square feet facility is due for completion in March 2020. It is expected to create around 100 jobs when fully operational.

Dudley, who is also Managing Partner for the Midlands and South West region, said: “This grant will help ensure that UKBIC has the latest technology to attract top tier automotive manufacturers and R&D companies.

“Not only will this help spearhead the UK battery development industry, the knock-on effect will be to create additional jobs in the supply chain with further employment and training opportunities in the future.”

Dudley reiterated his recent call for manufacturers to team up to build competitive advantage.

“Now, more than ever, we need to exploit our technology advances and expertise.

“We need to be producing electrical vehicles that are powered by the optimum technology available and UKBIC plays a key part.”

Jaguar Land Rover has announced it is to build a range of fully electric cars less than 20 miles away at its iconic Castle Bromwich plant and that is it working with BMW on the battery and motor technology.

Dudley said: “With collaborations like this, and we need many more of them throughout the automotive sector, we can gain competitive advantage in the continuously evolving global electric vehicle market.

“But we need to ensure we are better, faster and producing lighter vehicles than anyone else, as these are the key elements that will drive success.

“The key areas to explore at present are weight reduction, aerodynamics and chassis design.”

Crowe runs Manufacturing Business Network events at its Midlands office at Black Country House, Rounds Green Road, Oldbury, and organises site visits to leading automotive manufacturers and centres of excellence.

The next Manufacturing Business Network event is at Black Country House on Wednesday 6 November when Ninder Johal will lead a discussion on the launch of 5G services and the implications for business.

Johal was recently appointed a non-executive director of West Midlands 5G Ltd, a new organisation set up to deliver the UK’s first region-wide 5G testbed.

The next generation of mobile technology recently arrived in the UK following the launch of 5G services from leading Mobile Network Operators (MNOs). WM5G’s mission is to accelerate the deployment of 5G networks and test, prove and scale new 5G services across the West Midlands. The company is part of the DCMS 5G Test Beds and Trials Programme.

The Manufacturing Business Network event on 6 November is free and to register to attend, please contact nathan.sanghera@crowe.co.uk or call 0121 543 1900.

Ends (471 words)

Contacts:

Miriam Sherwood, Senior Marketing Manager (Regions), Crowe. Tel: 0121 543 1900

Notes to Editors:

About us
Crowe is a national audit, tax, advisory and risk firm offering global reach and local expertise. We are an independent member of Crowe Global, the eighth largest accounting network in the world. With exceptional knowledge of the business environment, our professionals share one commitment, to deliver excellence.

We are trusted by thousands of clients for our specialist advice, our ability to make smart decisions and our readiness to provide lasting value. Our broad technical expertise and deep market knowledge means we are well placed to offer insight and pragmatic advice to all the organisations and individuals with whom we work. Close working relationships are at the heart of our effective service delivery.

For more information, visit: www.crowe.co.uk

  • Follow Crowe UK on LinkedIn
  • Follow Crowe UK on Twitter @CroweUK


Crowe industry recognition

    • 11th largest firm in the UK by fee income (International Accounting Bulletin UK Survey, December 2018).
    • Top charity auditor (Charity Financials Audit Spotlight report and Charity Financials Audit Survey, 2009 – 2019)
  • Leading advisors to the UK mid-market, ranked 9th AIM and Main Market auditor (Corporate Adviser Rankings Guide, 2019)
  • 9th largest audit firm in the UK (FRC Key Facts and Trends in the Accountancy Profession, July 2018)

 

  • Employment Tax Specialist of the Year (Global Payroll Awards 2019)

REI predicts post-Brexit surge in real estate transactions

Real Estate Investors plc (REI), the Birmingham-based property investment company, is continuing to deliver good profit growth in a flat pre-Brexit market.

And chief executive Paul Bassi is predicting a post-Brexit surge in transactions as a significant release of pent-up demand sweeps through the market.

“The fundamentals of investing in the UK real estate remain sound, but uncertainty over the Brexit outcome and a lack of distress in the current market is stifling activity,” he said.

The AIM-listed real estate investment trust’s half year results to 30 June 2019 show underlying profit before tax up 17.9% on the same period last year to £4 million.

Occupancy across REI’s 1.53 million sq ft estate is currently 96.2% and contracted rents have increased to £17 million per annum, up 7.6% on the first half of 2018. Revenue increased by 8.4% to £8.1 million.

As a result, chief executive REI has declared a half year dividend of 1.875p, up 7.1% on the same period in 2018.

Paul Bassi said: “Our portfolio remains robust with inherent potential growth embedded within the portfolio for our Permitted Development opportunities.”

During the first half of 2019, REI completed the sale of Metro Court in March 2019 for £2.1 million and also secured residential planning consent for approximately 100 units in Coseley – a site which is currently in legals to sell to a national housebuilder.

Since 30 June 2019, REI expects to complete on the sale of City Gate House, Leicester, in late September for £2.6 million to a residential developer.

Paul Bassi said: “We have £25 million in cash and agreed bank facilities that make REI well positioned to make opportunistic acquisitions.

“In addition, we have a number of advanced discussions in respect of acquiring criteria compliant opportunities.”

He said that while transactional activity has been relatively low in the first half of 2019, there is a pent-up requirement to trade and REI has positioned itself to capitalise on any suitable opportunities that arise.

“The Midlands has begun the process of preparation for the 2022 Commonwealth Games and the Coventry City of Culture in 2021 and REI is well placed to benefit from the increased activity and opportunities that such major initiatives and events bring to an already vibrant region.

“The appeal of Birmingham continues to increase with a recent study showing that for people leaving London, Birmingham is the most popular city to move to. These trends are fuelling the region’s ongoing growth and we are confident in REI’s future prospects.

“As the UK’s only Midlands focused REIT, REI is well placed to capitalise on opportunities within the buoyant Midlands market with access to an unparalleled network combined with management’s knowledge and regional expertise,” he said.

Ends (451 words)

For further information, please contact:

Paul Bassi CBE DL D. UNIV,
Chief Executive, Real Estate Investors plc, 2nd Floor, 75/77 Colmore Row, Birmingham B3 2AP

0121 212 3446

www.reiplc.com

Prepared and issued by ASAP, 01789 490786, mobile, 07990 978257

About Real Estate Investors Plc 

Real Estate Investors Plc (REI Plc) is a publicly quoted, internally managed property investment company and REIT with a portfolio of 1.53 million sq ft of commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors.

The Company’s strategy is to invest in well located, real estate assets in the established and proven markets of central Birmingham and the Midlands, with income and capital growth potential, realisable through active portfolio management, refurbishment, change of use and lettings.  The portfolio has no material reliance on a single asset or occupier.

On 1st January 2015, the Company converted to a REIT.  Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental income or capital gains from their qualifying activities.

The Company aims to deliver capital growth and income enhancement from its assets, supporting a progressive dividend policy. Further information on the Company can be found at www.reiplc.com

Could ‘Apple Aston Martin’ concept be a pointer to the future of personal transport?

Johnathan Dudley, Head of Manufacturing at national audit, tax, advisory and risk firm Crowe has called on vehicle manufacturers and automotive suppliers to set aside traditional rivalries in order to build a world leading UK electric vehicle industry.

Mr Dudley said the recent announcement by Jaguar Land Rover that the company was to build a range of fully electric cars at its iconic Castle Bromwich plant was “wonderful news” for the Midlands economy.

Johnathan Dudley, who is also managing partner for the Midlands and South West region, added that the fact Jaguar Land Rover was working with BMW on the battery and motor technology, showed the way forward.

“The key differential available to vehicle manufacturers will now be in the vehicle platform, rather than the electronics, where collaboration is seen as a cost and resource imperative.”

Mr Dudley called on manufacturers to concentrate on what they were best at – citing Apple for design and Aston Martin as one of the top brands for recognition – “an Apple Aston Martin would certainly make the world sit up and notice. Or, in the West Midlands, what about a Microsoft Range Rover?”

“Battery technology is an evolving science and car manufacturers are best at assembling parts into vehicles and then selling them.

“The announcement that the replacement for the Jaguar XJ will be built at the former production factory of the Supermarine Spitfire reminds us all that we should look wider than battery technology and vehicle assembly.

“The clever avenues to be exploring at present are weight reductions, aerodynamics and chassis design.

“Vehicle designers have to work with the available power units, as did R.J. Mitchell when he was asked to develop what became the iconic Spitfire.”

He pointed out that both Hawker for the Hurricane, and Supermarine for the Spitfire, used the same Rolls Royce Merlin engine, and later the Rolls Royce Griffin.

The Hawker Hurricane had a top speed of 340mph, while the Supermarine Spitfire could achieve 406pmph.

“The Spitfire’s distinctive elliptical wing, cutting edge sunken rivets and thinnest possible cross section enabled a far higher speed than existing contemporary fighters when it made its debut in 1936.”

He said the message translated into the modern era, where the vehicle industry must look to bring forward as quickly as possible the advances made in Formula 1 (F1).

“The centre of F1 research, design and delivery is in the south Midlands, so we have world leading solutions for chassis design, energy recovery, aerodynamics and advances in composites, which will help continue to bring overall weight down, right on our doorstep.”

This, Mr Dudley said, would in turn drive the need for further cooperation between the great research bodies available to Midlands industry, such as the Warwick Manufacturing Group, which helped develop the battery technology for the Jaguar I-Pace, the MTC and the Catapult High Value Manufacturing Centres.

“Now, more than ever, we need to work our technology advances and expertise to the nth degree.

“Motor manufacturers know that to meet these and other challenges associated with completely changing their engineering, manufacturing and assembly processes, while continuing to generate profits for their shareholders and cashflow to keep their banks happy, is too big a challenge to face alone.”

Ends (533 words)

Contacts:

 Miriam Sherwood, Senior Marketing Manager (Regions), Crowe. Tel: 0121 543 1900

Notes to Editors:

About us
Crowe is a national audit, tax, advisory and risk firm offering global reach and local expertise. We are an independent member of Crowe Global, the eighth largest accounting network in the world. With exceptional knowledge of the business environment, our professionals share one commitment, to deliver excellence.

We are trusted by thousands of clients for our specialist advice, our ability to make smart decisions and our readiness to provide lasting value. Our broad technical expertise and deep market knowledge means we are well placed to offer insight and pragmatic advice to all the organisations and individuals with whom we work. Close working relationships are at the heart of our effective service delivery.

For more information, visit: www.crowe.co.uk

  • Follow Crowe UK on LinkedIn
  • Follow Crowe UK on Twitter @CroweUK
    Crowe industry recognition
    • 11th largest firm in the UK by fee income (International Accounting Bulletin UK Survey, December 2018).
    • Top charity auditor (Charity Financials Audit Spotlight report and Charity Financials Audit Survey, 2009 – 2019)
  • Leading advisors to the UK mid-market, ranked 9th AIM and Main Market auditor (Corporate Adviser Rankings Guide, 2019)
  • 9th largest audit firm in the UK (FRC Key Facts and Trends in the Accountancy Profession, July 2018)

 

  • Employment Tax Specialist of the Year (Global Payroll Awards 2019)

Crowe secures top regeneration expert as key speaker at annual property conference

National audit, tax, advisory and risk firm Crowe has announced Tom Bloxham MBE, chairman and founder of award-winning regeneration company Urban Splash as the keynote speaker at its National Property and Construction Roadshow 2019 event in Manchester.

Tom Bloxham will be sharing his thoughts on the regeneration of Manchester, modular housing and the growth of the private rented sector.

Acknowledged as one of the main driving forces behind the regeneration of Manchester in the past two decades, Tom Bloxham, along with Jonathan Falkingham MBE, founded Urban Splash in 1993.

Since then, Urban Splash has developed over a billion pounds of regeneration projects across the country, winning nearly 400 awards to date for architecture, design and business success.

With the recent investment of £22 million by Sekisui House and Homes England’s provision of debt finance in Urban Splash House Holdings, the modular home builder, it is clear the sector is constantly evolving.

A year on after Crowe’s annual Property and Construction Report, delegates will hear from specialists in the sector who will reflect on the predicted outlook as well as explain the impact of recent tax legislation and the latest and upcoming VAT changes that could benefit businesses in the sector.

Michael Jayson, Managing Partner of Crowe’s Manchester office, said: “We are extremely fortunate to have secured Tom as our speaker as he is someone who has been at the heart of the regeneration of our city since day one.

“As well as hearing his thoughts on the current property and construction sector, we will be debating industry hot topics as well as upcoming changes will that impact the market.

“The seminar will be of tremendous value to property owners, directors of property companies and advisors to property businesses.”

The event on Tuesday 25 June at Crowe’s Manchester office runs from 08:30 to 10:00 and is free to attend. To register please contact debbie.joseph@crowe.co.uk or call 0161 214 7500.

 Ends (318 words)

Contacts:

 Miriam Sherwood, Senior Marketing Manager (Regions), Crowe. Tel: 0121 543 1900

Notes to Editors:

About us
Crowe is a national audit, tax, advisory and risk firm offering global reach and local expertise. We are an independent member of Crowe Global, the eighth largest accounting network in the world. With exceptional knowledge of the business environment, our professionals share one commitment, to deliver excellence.

We are trusted by thousands of clients for our specialist advice, our ability to make smart decisions and our readiness to provide lasting value. Our broad technical expertise and deep market knowledge means we are well placed to offer insight and pragmatic advice to all the organisations and individuals with whom we work. Close working relationships are at the heart of our effective service delivery.

For more information, visit: www.crowe.co.uk

  • Follow Crowe UK on LinkedIn
  • Follow Crowe UK on Twitter @CroweUK


Crowe industry recognition

    • 11th largest firm in the UK by fee income (International Accounting Bulletin UK Survey, December 2018).
    • Top charity auditor for 10 consecutive years (Charity Finance and Charity Financials Audit Survey, 2009 – 2019)
  • Leading advisors to the UK mid-market, ranked 8th AIM and Main Market auditor (Corporate Adviser Rankings Guide, 2019)
  • 9th largest audit firm in the UK (FRC Key Facts and Trends in the Accountancy Profession, July 2018)

 

  • Best Human Capital/Employment Tax Practice (Taxation Awards, 2018).

Challenging and potentially transformational CMA recommendations to shake-up audit

National audit, tax, advisory and risk firm Crowe supports the boldness of the Competition and Markets Authority’s (CMA) challenging yet potentially transformational recommendations to address competition and choice in the audit market.

The CMA’s recommendations include the operational split of the Big Fours’ audit work, more choice to increase resilience by introducing mandatory joint audit, regulation of UK companies’ audit committees and a five year review of progress by the regulator.

As one of the “challenger firms”, Crowe, which is the UK member of the eighth largest accounting network in the world, has played an active role in the debate around audit quality and choice.

In Crowe’s formal responses to CMA papers in recent months, the firm stressed the need to address some of the barriers to entry and expansion in the market for non-Big Four firms. Crowe supports, therefore, the CMA’s recommendation to introduce mandatory joint audits for the FTSE 350.

Crowe also welcomes the proposal for increased regulatory scrutiny of the operation of audit committees, including a focus on ensuring the audit committees report appropriately how they appoint auditors and engage with their work.

Nigel Bostock, Chief Executive, Crowe, said: “Crowe recognises change is needed if the profession is to rebuild public trust in audit and we support the CMA’s efforts and recommendations.

“An environment of transparent financial reporting, high quality audit, and strong and effective regulation is essential for the success of the UK economy.

“We are pleased that the CMA’s recommendations focus on addressing the issues where there has been most concern and have avoided unintended or, indeed, unnecessary consequences for those parts of the audit market that are functioning well.

“The CMA recognises the importance of firms having multi-disciplinary operations and we are pleased that they do not recommend the creation of audit-only firms.”

Steve Gale, Head of Audit at Crowe, said: “We are pleased that the CMA has proposed mandatory joint audits for the larger, listed companies. It is clear that audit firms outside of the Big Four have found it difficult not only to be appointed as auditors but even to be considered. Mandatory joint audit provides the chance for challenger firms to demonstrate their capability and quality.

“Joint audit can help dispel the perception of a cosy relationship between the Big Four auditor and management, as the major issues will need to be considered by both auditors and they will need to come to a joint and agreed opinion.

“We are under no illusion though that firms will have to ‘step up to the plate’. There will be huge scrutiny on the audit quality reviews of the joint audits to see if the quality of the audit improves. That should be the output and must be the key focus of all firms involved.”

Matthew Stallabrass, Head of Listed Companies at Crowe, said: “The CMA proposals will give challenger firms access to the boardrooms of the largest companies in the UK and a real opportunity to demonstrate their skills and the value they can add.

“There is an opportunity for audit committees to demonstrate their confidence in the non Big Four firms as a joint audit will not be required if they appoint a challenger firm as sole auditor.

“We welcome the measures being proposed by the CMA to provide regulatory scrutiny of the audit committees, acknowledging the importance of the role they play throughout the audit process from hiring auditors to providing robust and constructive challenge to the accounting practices of their companies.”

For more information on Crowe, please visit: www.crowe.co.uk

‘Black Country Hub’ move for Thursfields in Halesowen as income more than quadruples

Thursfields Solicitors has revealed plans to move into a modern property to be known as the ‘Black Country Hub’ after quadrupling income at its Halesowen office since 2014.

The leading Midlands law firm will relocate from Hyefield House on the Hagley Road to Neville House in Steelpark Road on 7 May to accommodate its growing team and to become a coordination centre for its other offices in the area.

The move comes as turnover at the Halesowen office has grown by well over 300% between the 2013/14 and 2017/8 tax years, with further growth expected this year.

In that time, the team has increased to over 30, with the most recent starter being Philip Chapman who joined Thursfields as a corporate lawyer from Wall James Chappell at the beginning of February.

Jane Rudge, director of Thursfields’ Corporate & Commercial department and heading the company’s Black Country operations, said: “We’re really looking forward to moving into our new, modern offices in Halesowen as they will give us the ability to continue what has been phenomenal growth in the last five years.

“We’ve enjoyed our time in Hyefield House but were keen to move into the smart, recently refurbished premises offered by Neville House which will allow us to focus on our growth to become the Black Country Hub, delivering high quality legal services across the region.”

Mrs Rudge explained that Thursfields’ move was driven by the need to have a modern, impressive base “to match our future requirements”.

She added: “We are now busy having the new 4,833 sq ft offices at Neville House fitted out to cope with our planned growth.

“We plan to continue expanding, reaching out to customers across the Black Country to provide a big firm service from a local solicitor.”

The Halesowen expansion into new offices comes as Thursfields continues to grow its reputation, winning the ‘Family Law Firm of the Year’ award for the Midlands region at the national Family Law Awards in 2018.

Thursfields has leased the Neville House premises from landlords Neville Registrars.

Ends (339 words)

For further information, please contact:

Dani James, Business Development Manager, Thursfields Solicitors

Email: djames@thursfields.co.uk Tel: 01905 677066

Or

Steve Dyson at ASAP PR – 0781 8004575.

www.thursfields.co.uk, Twitter – @Thursfields, LinkedIn – www.linkedin.com/company/thursfields

Notes to Editors

Thursfields Solicitors is one of the region’s longest established and reputable law firms, with more than 150 staff in eight offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Sedgley, Stourport-on-Severn, Solihull and Birmingham.

Crowe advises on Pet Cremation Services’ latest deal

National audit, tax, advisory and risk firm Crowe has advised on the latest acquisition by Northampton-based Pet Cremation Services (PCS).

PCS has acquired Norfolk Pet Crematorium in its seventh acquisition since 2015. The addition of the Norfolk business brings PCS to 15 sites across the UK.

PCS, the trading name of Time Right Ltd, was established in 1989, and since the introduction of a private equity partner in 2015, the business has grown from nine branches to 15, including one in the USA.

Glenn Tuck, managing director of PCS, said: “Our desire to grow coincided with the decision of the shareholders of Norfolk Pet Crematorium, Ken and Susan Bernard Smith, to retire.

“This is a deal that works well for both parties, and we are pleased to have added Norfolk into our network of sites.”

Andy Kay, corporate finance partner at Crowe, who advised PCS along with associate director Chasz Coulsting, said: “We have worked with Glenn and his team to develop and implement their plans for expansion to build a significant sized business.”

Johnathan Dudley, Crowe’s managing partner for the Midlands region, said: “This acquisition concludes an excellent year for Crowe’s corporate finance team in the Midlands, having advised on around 20 transactions in the last 12 months. The pipeline is healthy going into the next financial year and we look forward to a strong 2020.”

PCS was advised by Neil Jones of Ansons Solicitors and Norfolk Pet Crematorium was advised by Mills & Reeve.

Ends (246 words)

Contacts:

 Miriam Sherwood, Senior Marketing Manager (Regions), Crowe UK. Tel: 0121 543 1900

Notes to Editors:

About us
Crowe is a national audit, tax, advisory and risk firm offering global reach and local expertise. We are an independent member of Crowe Global, the eighth largest accounting network in the world. With exceptional knowledge of the business environment, our professionals share one commitment, to deliver excellence.

We are trusted by thousands of clients for our specialist advice, our ability to make smart decisions and our readiness to provide lasting value. Our broad technical expertise and deep market knowledge means we are well placed to offer insight and pragmatic advice to all the organisations and individuals with whom we work. Close working relationships are at the heart of our effective service delivery.

For more information, visit: www.crowe.co.uk

  • Follow Crowe UK on LinkedIn
  • Follow Crowe UK on Twitter @CroweUK


Crowe industry recognition

    • 11th largest firm in the UK by fee income (International Accounting Bulletin UK Survey, December 2018).
    • Top charity auditor for 10 consecutive years (Charity Finance and Charity Financials Audit Survey, 2009 – 2019)
  • Leading advisors to the UK mid-market, ranked 8th AIM and Main Market auditor (Corporate Adviser Rankings Guide, 2019)
  • 9th largest audit firm in the UK (FRC Key Facts and Trends in the Accountancy Profession, July 2018)

 

  • Best Human Capital/Employment Tax Practice (Taxation Awards, 2018).

Crowe UK celebrates year of growth

Crowe UK celebrates year of growth

Crowe UK is celebrating a very strong year for revenue growth. The firm’s approach to client service excellence and focus on the specific needs of the markets in which it operates, further reinforces Crowe’s position as a recognised leader in the UK for audit, tax advisory and risk services.

As reported in the International Accounting Bulletin World Survey published in February, Crowe UK, the UK member firm of Crowe Global, saw double-digit revenue growth.

This leap follows a successful global rebrand in 2018 and further increasing its offering across its sectors and service lines to deliver a quality service to its clients that is seamless and responsive to the market place, wherever they choose to operate.

Johnathan Dudley, Regional Managing Partner in Crowe’s Midlands office, said: “Our clients across the West Midlands clearly welcome the twin benefits of local advice with global reach. Businesses across the region are increasingly viewing the post-Brexit landscape as an opportunity to reach out not only into Europe but also to examine the potential of other markets across the world.

“We are ideally placed to advise and help them achieve their goals.”

Crowe Global meanwhile consolidated its position as the eighth largest accounting network in the world, with firms across the network also seeing strong performances. As a whole, the network reported increased revenues of 14% to USD 4.3 billion.

Nigel Bostock, Chief Executive at Crowe UK, said: “We keep our clients at the heart of everything we do, and it is a testament to the dedication and professionalism of all of our people that we are recognised for the trusted advice we provide.

“2018 was a year of many successes for Crowe in the UK. Not only did we celebrate our 175th anniversary as a firm, but we also came together under the one global ‘Crowe’ brand, further strengthening our position as market leaders. These figures published today support our position of operating as a national firm with global reach and local expertise.”

David Mellor, CEO at Crowe Global, said: “The headline figures – in particular double-digit growth across the network – speak for themselves and should be celebrated. We are immensely proud of the work we have done throughout 2018 in a rapidly-evolving marketplace and are already building on those successes as 2019 gets underway.

“The past year has been a period of significant change for Crowe and we have sought to position ourselves for continued future growth through investment in our people, as well as in processes and technology. It is pleasing to see the numbers reinforce the positivity we see around the network on a daily basis.”

The IAB World Survey is published each year, which analyses the performance of the world’s top 40 accounting networks and associations.

For more information on Crowe, please visit: www.crowe.co.uk

Ends

Contacts:

 

Miriam Sherwood, Marketing Manager (Regions), Crowe UK. Tel: 0121 543 1900

 

Notes to Editors:

About us
Crowe is a national audit, tax, advisory and risk firm offering global reach and local expertise. We are an independent member of Crowe Global, the eighth largest accounting network in the world. With exceptional knowledge of the business environment, our professionals share one commitment, to deliver excellence.

We are trusted by thousands of clients for our specialist advice, our ability to make smart decisions and our readiness to provide lasting value. Our broad technical expertise and deep market knowledge means we are well placed to offer insight and pragmatic advice to all the organisations and individuals with whom we work. Close working relationships are at the heart of our effective service delivery.

In June 2018 Crowe UK changed its name from Crowe Clark Whitehill LLP, as part of a global rebrand across the Crowe Global network. The rebrand saw more than 220 member firms globally adopt the name Crowe.

For more information, visit: www.crowe.co.uk

  • Follow Crowe UK on LinkedIn
  • Follow Crowe UK on Twitter @CroweUK

Industry recognition

Crowe are leading advisors to the UK mid-market and hold a top 10 position in the 2018 Corporate AIM Adviser Rankings in Technology, Basic Materials, Oil and Gas, Industrials, Consumer Goods and Financials.

The firm was named: Top Charity Auditor of the Year (Charity Financial Audit League Table 2009 -2017), Best Tax Investigations Team (Taxation Awards 2016) and Best Human Capital/Employment Tax Practice (Taxation Awards 2018).

Families should seek advice before paying huge bills for relatives’ care

Thursfields Solicitors has issued crucial advice for families facing huge top-up bills towards the costs of their loved ones who are so ill that they need residential care.

The guidance comes after it was revealed that a pensioner’s personal savings were running out because she was having to pay £550 a week towards the residential care of her husband, who suffers from severe dementia.

The story was just one in a BBC report which says the current council-run and means-tested system is a “fundamental source of unfairness” that leaves many people without the social care support they desperately need.

Tracy Ashby, a senior associate solicitor at Thursfields, is an expert in care funding, safeguarding individuals and Court of Protection applications, and is a full member of Solicitors for the Elderly.

She said: “There’s often a lack of advice given to people in such stressful and upsetting situations.

“In this case, it could well be that the wife shouldn’t have been forced into such large top-ups, as it’s clearly having such a personal detrimental effect on her.”

Ms Ashby explained that local authorities have certain statutory obligations and responsibilities as outlined in the Care Act 2014, and that these are supposed to be based on person-centred considerations, rather than just financial circumstances.

“The additional payment must always be optional and never as a result of commissioning failures leading to a lack of choice,” she said.

“That means top-up fees shouldn’t be a standard request, but they often are because local authorities are regularly focused on finance first, care second. Unfortunately, this can happen because advice isn’t given or obtained when a relative is entering care.”

Ms Ashby urged people facing a situation where their loved ones need residential care to always seek professional legal advice to make sure they are treated fairly by the system.

She added: “The UK’s social care system is in disarray, as evidenced by the fact that the Green Paper on this subject due out before the summer recess has now been delayed to coincide with the NHS proposals in the Autumn.

“At this time of chaos, people need a trained solicitor who can outline what the rules actually are, what help is available and whether the NHS should contribute.

“Importantly, a solicitor trained in the complex detail of care costs can explain what to do if the local authority refuses to work with the family and help at a time when a dispute could cause further detriment to the person in care.

“Funds are limited but this shouldn’t mean that people should suffer, nor that self-funders should prop up the failing system.”

Ends (436 words)

For further information, please contact:

Dani James, Business Development Manager, Thursfields Solicitors
Email: djames@thursfields.co.uk Tel: 01905 677066

Or
Steve Dyson, ASAP PR – 01789 490786

www.thursfields.co.uk, Twitter – @Thursfields, LinkedIn – www.linkedin.com/company/thursfields

Notes to Editors
Thursfields Solicitors is one of the region’s longest established and reputable law firms, with more than 150 staff in eight offices across Worcestershire and the West Midlands. Thursfields Solicitors provides a full range of legal services to business and the private individual, including property, family, employment and commercial law as well as probate and litigation. The firm has offices in Worcester, Kidderminster, Halesowen, Sedgley, Stourport-on-Severn, Solihull and Birmingham.