» Placing trust in fresh approach to services for a greater good
THE Government’s ambition to grow exports has prompted a county firm to launch its own campaign to help businesses export with confidence.
Hazlewoods, one of the UK’S top 30 independent chartered accountants and business advisers, wants to share expert knowledge to help the Government’s strategy of increasing exports from 30 per cent to 35 per cent of GDP.
Whitehall’s strategy draws on the latest research from the Department for International Trade exploring the behaviours, attitudes and needs of exporting businesses.
This research highlights the importance of developing contacts and networks for firms to achieve their export potential and reveals a lack of knowledge on tax issues can be a barrier.
Hazlewoods partner Scott Lawrence, inset, said: “We understand the importance of establishing networks of knowledgeable contacts here at home and in the destination countries of exporting firms. “Since the 1980s we’ve been an independent member of the HLB accounting network which means we can introduce our clients to trusted experts in more than 150 countries.”
He continued: “When Government research identified that limited networks and contacts is a barrier according to 63 per cent of firms, that really struck a chord. “Lack of knowledge is also perceived to be holding back some potential exporters and an understanding of tax issues is a big concern.” Hazlewoods team of specialists advises clients of all sizes and sectorspn how to optimise their organisation for competitiveness at home and overseas.
From its base in Stroud, Omnitrack, original inventors and manufacturers of ball transfer units, exports to 56 countries worldwide with 40 per cent of everything they make going to North and South America.
Managing director John Cabrinidale said when working remotely across countries, it is important to have the right people in place, particularly when supplying a high-end product. He said: “Our ball transfer units are the Rolls Royce of the industry. “We have worked hard to develop a business that now supplies to NASA, CERN, the nuclear and aviation industries and much more. “Having a firm that we trust in the UK introduce us to quality advisers in other countries takes the stress away for us, so we can continue doing what we do best.” Hazlewoods tax partner Tom Woodcock, inset, said: “Our business advice helps to steer clients through the international tax system and foreign business practices, so that they can access export markets without running into unexpected taxes and regulation. “Now we’re launching #Expertsinexport as a rallying call to take up the expert support available for firms that are new to exporting, or those who already export and see the potential for international trade. “We will be sharing tips and insights drawing upon the expertise of the Hazlewoods team and colleagues in our international network.”