International auditing: what do businesses need to know?
We share our thoughts about the practical challenges and present issues faced while working on audits within an international group.
Aerospace
A sector of great importance to the UK and global economy, aerospace has been at the centre of technological engineering advancements- making it one of the driving forces in our ever-changing global economy.
Our sector specialists understand you
Since COVID, the aerospace industry has experienced significant shifts, challenges, and advancements. Passenger air travel has rebounded strongly in 2023 as travel restrictions eased and consumer confidence was restored. Some airlines even exceeded pre-pandemic air travel levels.
There have however been supply chain challenges due to disruption of aircraft manufacturing. Looking ahead, the industry’s trajectory is shaped by a delicate balance of addressing current pressures while embracing emerging opportunities in space, defence, and greener aviation.
We have experience supporting commercial, freight and specialist airlines, as well as suppliers to the sector, including parts manufacturers, logistics businesses, caterers and other service businesses and fuel solutions, repair and maintenance businesses, as well as innovative earlier stage businesses looking to disrupt established parts of the market.
Turning to the future, we recognise that for many firms, sustained competitive advantage will be determined by:
- balance sheet strength
- retaining a highly-skilled workforce
- consistently reviewing and improving product and marketing mix
- innovation
- shareholder belief in strong returns on capital in an appropriate time horizon
At Price Bailey, our team of finance and tax specialists in the aerospace industry can support your company in taking proactive measures in this period of economic recovery – helping you to focus on stable growth and continued expansion.
We can support you with:
- audit and accounting services
- tax and group structure solutions
- advice on mergers and acquisitions
- financial modelling
- guidance on different types of funding including, private equity funding and lending
- management buy-outs and buy-ins
- creating a strategic plan
- R&D tax reliefs and Patent Box claims
- understanding what your company valuation is now, what it could be in the future, and how you can achieve it
No matter the challenges you are facing, we understand them. Our specialist teams can help you to overcome these challenges, with advice that is tailored to your organisation.
We can help
Contact us today to find out more about how we can help you
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