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Articles by Nigel Fright
Kreston Reeves Promotes Two New Partners
Accountants, business and wealth advisers Kreston Reeves announce the promotion of two new partners effective from 1 June 2025. Mohammed Mujtaba is promoted to Corporate Tax Partner and Alex Tushingham is promoted to Audit Partner. Mohammed is based in the London office and joined the Kreston Reeves Corporate Tax team in 2019. He has a keen interest in corporate restructuring and M&A work, particularly those with cross-border and international tax elements.
New Chatham Office For Kreston Reeves
From 3 March 2025 our Chatham office is moving, and our new address will be: Kreston Reeves LLP, 2nd Floor, Maritime Place, Quayside, Chatham Maritime, Chatham, Kent, ME4 4QZ. Having been in our current office for 25 years, our needs have changed, and we require an office that suits our team’s more agile, collaborative and flexible way of working. The new office space is larger, more modern and will better support our team’s continued growth.
Kreston Reeves Strengthens VAT Team With Senior Hire
Accountants, business and financial advisers Kreston Reeves has strengthened its VAT and Indirect Tax team with the appointment of Director Nick Dawe. Nick joined the firm on 1 November 2024 from KPMG where he was a senior manager in its indirect tax team. He brings to the firm considerable expertise across all areas of VAT and with specific interests in land and property businesses, financial services, retail, not-for-profit, energy and public sector institutions.
Kreston Reeves Advise AxFlow On Acquisition Of Moody Direct
Kreston Reeves has advised AxFlow UK on its acquisition of Moody Direct. AxFlow is one of the UK’s leading providers of pumps, valves, mixers and heat exchangers in the fluid handling sector and is part of the Axel Johnson AB group with operations across 26 European countries. Moody Direct is one of the country’s foremost suppliers of packaging solutions to the dairy, food and beverage industries and the chemical and pharmaceutical industries.
Kreston Reeves Celebrates Another Double Award Win At The Accounting Excellence Awards 2024
Accountants, business, and wealth advisers Kreston Reeves is celebrating winning two awards at the Accounting Excellence Awards 2024 and being a finalist in two other categories. The firm won the: International Firm of the Year And, Progressive Audit Firm of the Year The firm was also a finalist in the Large firm of the Year category and Employer of the Year (Medium and Large Company).
Kreston Reeves Sponsors An Evening With Rory Bremner
Kreston Reeves is delighted to be sponsoring the Canterbury Festival’s An Evening with Rory Bremner on Wednesday 23 October in The Great Hall, Kent College. The impressionist and comedian will be looking back over his long and varied 40-year career in conversation with the host Oliver Double and performing some of his observant and witty stand up.
Kreston Reeves Named eprivate Client Top Accountancy Firm 2024
Kreston Reeves has retained its position as one of the 2024 eprivatelient Top Accountancy firms for wealthy individuals and their families, announced 1 October 2024.
Kreston Reeves Welcomes 49 New Trainees And Students
Accountants, business and wealth advisers Kreston Reeves has welcomed a bumper intake of 49 trainee and student across the firm’s offices in Kent, Sussex and London.
Clarification on tax changes to Furnished Holiday Lets
Draft legislation and associated guidance has now been published on tax changes affecting the owners of furnished holiday let accommodation. The letting of furnished holiday accommodation has historically offered taxpayers significant tax breaks so the announcement of the withdrawal of those tax advantages in the Spring Budget was a surprise to many landlords who are operating Furnished Holiday Let (‘FHL’) businesses.
Kreston Reeves named as one of England’s Top 100 Apprenticeship Employers
Kreston Reeves has once again made the top half of the Top 100 Apprenticeship Employers List, this year ranking at number 46, a rise of three places in recognition of its apprenticeship programme. The firm also received the “highest score for diversity apprentices” out of all top 100 apprentice employers.
Finalists In Four Categories At Accounting Excellence Awards 2024
We are delighted to announce that we have been shortlisted in four categories for the 2024 Accounting Excellence Awards.
VAT And School Fees - Helping To Fund Education Costs For Future Generations
One of the first steps for the new Labour government as set out in its manifesto and the King’s Speech is to “recruit 6,500 new teachers in key subjects to set children up for life, work and the future, paid for by ending tax breaks for private schools.” It is a policy that was first announced well before the general election campaign although much of the detail has yet to be announced.
We Have A New Government, So What Next? Focus Now On Planning For Your Future
Authors: Andrew Griggs and Daniel Grainge We all know that if there is anything that is certain, it is change. And we’ve all been faced with a lot of that over recent years. Whether you are excited or fearful of the changes about to come, it is important to remain focused on what your personal and business plans are for the future, to keep them on track.
Kreston Reeves Graham Gardner Named A Rising Star
Kreston Reeves Audit Quality Director Graham Gardner has been named one of Accountancy Age’s 35 Under 35, joining an exclusive group of the accountancy profession’s rising stars. Graham joined Kreston Reeves in January 2024 as an audit quality director to drive innovation and maintain the high audit standards that the firm is recognised for. Kreston Reeves was named Progressive Audit Firm of the Year in the annual Accounting Excellence Awards in October 2023.
Kreston Reeves Advises Time To ACT On Aquis Stock Exchange Listing
Kreston Reeves has acted as Reporting Accountants to Time To ACT plc on its admission to the Aquis Stock Exchange. Time To ACT plc was admitted on 29 May 2024 and is the first admission of 2024. Middlesbrough-based Time To ACT plc has several discreet businesses focused on the opportunities provided by the cleantech, renewables and energy transition revolution. It has two principal operating divisions – Diffusion Alloys and GreenSpur.
Kreston UK Charity Group Report 2024
The Kreston UK Charity Group which works with over 2,000 charities across the UK has surveyed 80 charities on the financial outlook for the sector, the challenges and risks being faced and attitudes surrounding subjects such as diversity, recruitment, digitisation and sustainability and the key findings are: Almost half of charities believe their financial outlook is positive for 2024. Charities are increasingly exploring options to diversify their income streams.
Kreston Reeves Advise A4P Consulting On Sale To LabConnect
Kreston Reeves has advised A4P Consulting on its sale to the US-based LabConnect. A4P is headquartered in Discovery Park, Sandwich, Kent with a wholly owned subsidiary in Appenzell, Switzerland. With core expertise in regulated bioanalysis and genomics, biomarker strategy, personalised healthcare, biosample operations and bespoke logistics solutions, A4P serves a wide variety of clients across a broad range of therapeutic areas.
Kreston Reeves Raise £3,000 After Completing Three Peaks Challenge
An intrepid team of adventurers from accountants, business and wealth advisers Kreston Reeves completed the gruelling Yorkshire Three Peaks Challenge raising over £3,000 for the Kreston Reeves Foundation (registered charity no. 1180402). The nine-strong team completed the 39km hike in an impressive 11 hours and 23 minutes, scaling a combined 1,900m elevation with each walking more than 65,000 steps.
Kreston Reeves publishes B Corp™ And ESG Impact Reports
Accountants, business and wealth advisers Kreston Reeves has today published its B Corp™ and environment, social and governance (ESG) impact reports. Their publication is coordinated to mark the firm’s first anniversary of achieving B Corp™ certification.
Kreston Reeves Advises Global Infrastructure Services Provider On £5m Funding Facility
Kreston Reeves has advised a global infrastructure services provider on a £5 million funding facility from HSBC. The facility is the first of its kind provided by HSBC in the UK. This London-based infrastructure services company is rapidly growing, working across some of the largest construction projects around the world, with a strong track record in delivering data centres, utilities and aviation projects across Europe.
Kreston Reeves HR Rising Star Award finalist
Accountants and business advisers Kreston Reeves are delighted to announce their HR Business Partner Chelsea Crouch has been shortlisted as a finalist in the British HR Awards 2024 / Rising Star of the Year category.
Kreston Reeves Award Their ‘Student Of The Year’
Accountants and business advisers Kreston Reeves have crowned Daisy Hart ‘student of the year’, whilst recognising Nathan Brearly and Eden Reynolds as runners up, in their annual award that celebrates the extraordinary talent of its people in professional training. Daisy joined Kreston Reeves in 2019 in a temporary position in its administration and front of house team. Today, she is on the verge of qualifying as a chartered accountant specialising in charity finance and audit.
Academy Schools Sliding Towards Deficit, Finds Kreston Reeves Annual Academies Benchmark
The 12th annual Kreston UK Academies Benchmark Report published today has revealed a marked increase in the number of academies dipping into their reserves to keep up with the significant cost increases that have hit the sector. Trusts running in-year deficits – where they are spending more than their allocated revenue for that year – has more than doubled since 2021, jumping from 19% in 2021 to 47% for the financial year ending in 2023.
Kreston Reeves Advised Kondor AI On Aquis Stock Exchange Listing
Kreston Reeves has acted as reporting accountants to Kondor AI on its admission to the Aquis Stock Exchange. Kondor AI was admitted on 21 December raising £1.5 million. Kondor AI is a London-based developer of vision-based artificial intelligence products that analyses images and live photos responding to questions and challenges based on visual input. It is being offered to both business and consumers on a software-as-a-service model.
Cheers - Kreston Reeves Advise UK’s Leading Specialist Beer Supplier On MBO
Kreston Reeves has advised the management team and directors of Cave Direct Ltd on its successful management buyout. Established in 1979, Cave Direct is the UK’s leading craft beer wholesaler, importing and distributing specialist beers from around the world. The MBO sees Cave Direct Ltd founders Colin Gilhespy and Louise Smale sell the business to its management team whilst remaining in the business as a director and chairman of the Board.
Kreston Reeves Shortlisted For Four Corporate Finance Awards
Kreston Reeves has been shortlisted for four South East Business Insider Dealmaker Awards. The firm has been shortlisted for ‘Corporate Finance Advisory Team of the Year’, ‘Transaction Services Team of the Year’, ‘Deal of the year sub £10m’ and with Corporate Finance Director Darren Hurdle shortlisted for ‘Corporate Finance Adviser of the Year’.
Kreston Reeves’ Teams Raise Over £11,500 For Local Charities
Over the last 12 months the teams at Kreston Reeves have collectively raised over £11,500 for charities in their local areas by taking part in a wide variety of activities and putting in a huge effort. The individual charities that will benefit are: Canterbury Foodbank – providing care for local people in crisis through emergency food parcels, items, and services. My Shining Star – helping families through the financial and emotional hardships of cancer.
Kreston Reeves Advised Cykel AI On Aquis Stock Exchange Listing
Kreston Reeves has acted as reporting accountants to Cykel AI on its admission to the Aquis Stock Exchange. Cykel AI was admitted on 25 October 2023 raising £1.75 million. Cykel AI is building a Natural Language Processing (NPL) technology that takes both spoken and typed requests from humans and performs tangible digital actions. Its machine learning model will seamlessly engage with all facets of the user’s computer environment.
Kreston Reeves Celebrates Double Award Win At The Accounting Excellence Awards 2023
Accountants, business, and wealth advisers Kreston Reeves is celebrating winning two awards at the Accounting Excellence Awards 2023 and being a finalist in a third category. The firm won: AccountingWEB Pride Award – ESG (a new category for 2023) And, Progressive Audit Firm of the Year The firm was also a finalist in the Large firm of the Year category, receiving a special commendation again this year following winning the award for the last three consecutive years.
Kreston Reeves Double Winner At Annual Kreston Global Awards
Accountants, business, and wealth advisers Kreston Reeves is today celebrating winning two awards at the annual Kreston Global Awards. Accounts and Outsourcing Senior Manager Emily Baldwin has won the Spirit of Kreston Award with Kreston Reeves also winning a prestigious Top Referrer award. The annual Kreston Global Awards are the culmination of Kreston Week which brings together 25,000 people from 160 independent accountancy firms across 115 countries.
Kreston Reeves Appoints New HR Director
Accountants, business, and wealth advisers Kreston Reeves has announced the appointment this month of Susan Chadwick, who has joined the firm as HR Director. Susan has over 20 years’ experience working at a senior level within HR in the accountancy profession, initially at Deloitte and more recently at Rawlinson & Hunter LLP.
Kreston Reeves Promotes Tom Boniface To Partner
Accountants, business, and wealth advisers Kreston Reeves has today announced the promotion of Tom Boniface to partner. His promotion follows the earlier promotion of five new partners in June this year. The firm, a certified B Corp™, now has 47 partners and 500 people across its offices in London, Kent and Sussex. Tom Boniface is a Private Client Tax Partner and leads the firm’s global mobility team.
Kreston Reeves Advises US-Based Miles Partnership On UK Acquisition
Kreston Reeves has advised Miles Partnership on the acquisition of UK-based Black Diamond, an integrated media and communications agency specialising in travel. Miles Partnership, headquartered in Florida, USA, is a strategic marketing consultancy focused exclusively on the travel and tourism sector. It has acquired Black Diamond as part of its ambitious international growth plans. The Kreston Reeves team was led by Corporate Finance Partner Jack Clipsham and Associate Director Craig Dallender.
Kreston Reeves Walks, Runs And Cycles ‘Around The World’
Accountants, business and wealth advisers Kreston Reeves has completed ‘One Big Challenge’ this summer, to walk, run or cycle the equivalent to ‘around the world’. A total of 210 people in 53 teams across the firm’s offices in London, Kent and Sussex took part in the virtual challenge, with an average daily step rate of 1,972,976, achieving a total of 73,000,082 steps or 50,133.5km in just over a month.
Kreston Reeves Named In Top 100 Apprenticeship Employers 2023 List
Accountants, business, and wealth advisers Kreston Reeves has been named in the top 50 of the Top 100 Apprenticeship Employers List, ranking at number 49 in recognition of its apprenticeship programme. The list is a national ranking that celebrates England’s outstanding apprenticeship employers in 2023, recognising their commitment to creating new apprenticeships, the diversity of their apprentices, and the number of apprentices who successfully achieve their apprenticeships.
Kreston Reeves Strengthens Private Client Legal Team With Two New Solicitors
Accountants, business, and wealth advisers Kreston Reeves has strengthened its Private Client Legal team with two new solicitors. Jenn Trussler joins from Irwin Mitchell and Lily Parisi joins from Sussex law firm GWCA Solicitors. Both bring to the firm experience and expertise in advising individuals and families on Wills, Powers of Attorney, Probate and Estate Administration, Inheritance Tax and Trusts.
Kreston Reeves Shortlisted For Three Accounting Excellence Awards
Accountants, business, and wealth advisers Kreston Reeves has been shortlisted for three Accounting Excellence Awards – including one it has won for three consecutive years. Kreston Reeves has been named a finalist in the following three Accounting Excellence Awards categories: Large Firm of the Year – an award the firm has won for three consecutive years. AccountingWEB Pride Award – ESG. Progressive Audit Firm of the Year.
Kreston Reeves Announces Five New Partners
Accountants, business, and wealth advisers Kreston Reeves has today announced the promotion of five partners. The firm, a certified B Corp™, now has 46 partners and 500 people across its offices in London, Kent and Sussex. The five partner promotions sit alongside 58 further promotions at all levels across the firm. The five new partners are: Tracey Becker, Audit and Assurance; James Hopkirk, Restructuring; Sam Jones, Corporate Tax; James Reed-Sperrin, Corporate Finance; and Jo White, Tax.
Kreston Reeves Shortlisted For Prestigious Employer Award
Accountants, business, and wealth advisers Kreston Reeves has been shortlisted for the prestigious Chartered Institute of Personnel Development People Management Awards 2023 in the ‘Best apprenticeship scheme’ category for its ‘Future accountants’ programme. The awards are a national benchmark of excellence in human resources, learning and development and organisational development.
Kreston Reeves Advises JCM Global On Acquisition Of Game Payment Technology
Kreston Reeves has advised JCM Global on its acquisition of a 51% share in Game Payment Technology from the British Amusement Catering Trade Association (BACTA). JCM Global is a Japanese world leader in transaction and payment technologies. Its technology platforms are widely used across the entertainment, retail, transport and banking industries. The Corporate Finance team at Kreston Reeves was engaged by its German subsidiary, JCM Europe.
Kreston Reeves Introduces Enhanced Maternity Leave Policy
Accountants, business, and wealth advisers Kreston Reeves has introduced an industry leading maternity and adoption leave policy that will see new parents receive full pay for 21 weeks. The policy, which takes effect from 1 June 2023, is a clear demonstration the values Kreston Reeves holds in listening and supporting its people in providing family-friendly policies that support career development and the creation of future leaders.
Kreston Reeves Signs Carbon Accounting Partnership With Ecologi Zero
Accountants, business and wealth advisers Kreston Reeves has signed a partnership with impactful environmental organisation Ecologi and their free carbon accounting tool, Ecologi Zero. It is a partnership that will help clients of Kreston Reeves better understand and ultimately reduce their greenhouse gas emissions. The partnership will make available to businesses a platform that enables them to build a detailed picture of their greenhouse gas emissions based on key financial information.
Kreston Reeves Advises Global Critical Logistics On Acquisition Of Classic Automotive Relocation Services
Kreston Reeves has advised Global Critical Logistics (GCL) group on the acquisition of Classic Automotive Relocation Services (CARS). Kreston Reeves provided financial due diligence, tax due diligence and structuring advice to support the transaction, which comprised the three separate acquisitions of the discrete elements which make up CARS’ global operations.
Kreston Reeves Shortlisted For Top Tax Award
Accountants, business and wealth advisers Kreston Reeves has been shortlisted as a finalist in the prestigious Tolley’s Taxation Awards for the ‘Best Tax Practice in a Regional Firm’ category. These awards are acknowledged as the marker of excellence in the tax sector, covering the whole of the tax profession and recognising the contribution made by both individuals and firms, at a national and international level.
Kreston Reeves Achieves B Corp Certification
Accountants, business and wealth advisers Kreston Reeves has today (Tuesday 28th March 2023) announced that it has achieved B Corp status. It is a clear and strong demonstration of the firm’s commitment to being a sustainable and socially conscious adviser. Kreston Reeves has a turnover of £40m with a team of 500 experienced and highly motivated people across its offices in Kent, Sussex and London.
Uncertainty And Rising Costs Affecting Financial Confidence Across Academy Sector, Reports Academies Survey
The 11th annual Kreston Academies Benchmark Report published today by accountants, business and financial advisers Kreston Reeves highlights growing nervousness in academy trusts about what the future might hold for the health of the sector’s finances. Although significant surpluses are being reported in the sector, per pupil income has increased by just 1% in the last year against a backdrop of inflation rates of more than 10%, increased energy costs and teacher pay hikes.
Kreston Reeves Strengthens Corporate Tax Teams With Property Experts
Accountants, business and financial advisers Kreston Reeves has strengthened its corporate tax team with two senior appointments. Both bring expertise in advising property businesses. Michael Haig joins the firm as a director and James O’Leary joins as a corporate tax senior manager. Both joined the firm in January 2023.
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