Client Testimonial: Britannia Fire
Wilby Jones guided Britannia Fire through the decision to discontinue old fashioned manufacturing methods and move towards new, modern techniques, which has meant investing £1 million in plant and machinery. Discover how they successfully evolved their business.
Britannia Fire are responsible for the biggest innovation in firefighting equipment this decade, creating portable, multipurpose fire extinguishers. By investing over £1 million they were able to develop this new equipment.
Company
Britannia Fire
Industry
Firefighting equipment
Service
Accounting
Quick Summary
Challenge
Moving away old fashioned manufacturing methods and towards new, modern techniques such as the P50, required a huge investment of £1 million in plant and machinery. Unsure of how to fund this and the most tax advantageous methods to do so meant turning to Wilby Jones.
- Legacy manufacturing methods were holding back productivity and innovation
- Transitioning to advanced techniques demanded a major capital outlay
- Lack of clarity on funding options threatened to delay innovation plans
Solution
Britannia Fire partnered with an accountant that fully understands their business.
- Tailored financial strategies aligned with the unique needs of their industry
- Proactive guidance on funding and compliance to support growth and innovation
- Dedicated, hands-on support that goes beyond number-crunching
Impact
Wilby Jones simplifies complex accounting tasks like payroll, saving valuable time and providing trusted guidance. Britannia Fire has hassle-free peace of mind to focus on developing innovative firefighting equipment and pushing industry boundaries.
- Reliable financial support frees up leadership to focus on core innovation and product development
- Trusted guidance ensures compliance and optimises financial performance
- Increased operational efficiency strengthens competitive advantage and growth potential
Who was the client?
Established in 1970, Britannia Fire are an SME (Small and medium-sized enterprise), that manufacture fire extinguishers in the UK. They are rapidly expanding and have experienced strong growth year on year. Recently, they’ve begun implementing expansion plans, with Wilby Jones providing guidance throughout the process, including advice on cash flow and the best funding options.
The P50 fire extinguisher is one of their leading innovations. As a multi-purpose model, the P50 is suitable for use on different types of fires including carbonaceous materials, flammable liquids, cooking oil and electrical. This removes the need for multiple extinguishers on site and ensures it’s the best solution for mostly any type of fire.
What challenges did our client face?
Our client made the bold decision to move away from outdated manufacturing methods, embracing cutting-edge technology such as the P50. This strategic shift required a significant capital outlay, an additional £1 million invested in new plant and machinery within the year. Naturally, this raised critical questions: How should the investment be funded? What’s the most tax-efficient route to take?
What was the result?
Wilby Jones accounting team brought deep sector knowledge and years of experience to the table, offering guidance that was not only technically sound but also perfectly tailored to the client’s unique goals.
Wilby Jones implemented a smooth, stress-free process that freed up the client to focus on what they do best, running and growing their business. For Britannia Fire, Wilby Jones isn’t just an accounting partner, they’re an embedded part of the team.
Looking for support with Accounting?
Our accounting team leverages decades of collective experience, through working with businesses across a diverse range of industries. Our clients rely on us for expert guidance and a deep understanding of the unique challenges faced by innovative businesses.
