Focus on funding

We are always looking at  opportunities for our clients in order to facilitate their growth, and we have had a great success assisting some of our clients through the application process for a number of funding opportunities on offer.

Whether you are just starting up or are an established business, there are a number of financing options available to benefit you  and if you have a gap in funding where conventional sources of finance are insufficient or unavailable there are still plenty of options available.

Depending on the nature of your business, there are a number of financing and alternative funding options that you may not have considered. Here, Naylor Wintersgill talks you through some of the possibilities currently available.

Leeds City Region Enterprise Partnership (LEP)

 Leeds City Region Enterprise Partnership (LEP) is currently supporting ambitious businesses spanning the entire Leeds City region (including West Yorkshire, plus York, Harrogate, Craven, Selby and Barnsley) with business finance and support.

LEP can provide grants of between £10,000 and £250,000 to small and medium sized businesses that are based in the Leeds City Region, or planning to invest there.  The grants are for those who will use the funds for capital investment in fit-out and refurbishment of buildings, plants, machinery and equipment – creating permanent jobs in the Leeds City Region.

Naylor Wintersgill has already had great success assisting our clients through the application process for a number of LEP Grants, so please do not hesitate to get in touch if you wish to find out more about LEP and other Government Grants that may be available for your business.

 The Business Enterprise Fund (BEF)

Founded in Bradford, The Business Enterprise Fund (BEF) is a not for profit social enterprise offering finance for small businesses in Yorkshire and the North East.  Over the last 11 years, the BEF have lent to a wide range of businesses from start-ups right through to established multi-site companies who have usually been unable to get finance from the banks.

The BEF offers a range of unsecured and secured loans for up to 100% of the funding needed with flexible terms:

Start up Unsecured Loans £500-£25, 000

  • Terms up to 5 years
  • For businesses up to 24 months trading

Unsecured Business Loans – Up to £50,000

  • Terms up to 7 years
  • Ideal for new or growing businesses to support working capital needs such as:
  • Growing debtors
  • Increasing work in progress
  • Supporting additional employee costs
  • IT infrastructure costs

Secured Business Loans – Up to £150,000

  • Terms up to 7 years
  • Perfect for a business looking to purchase major assets such as:
  • Premises
  • Plant and machinery
  • Stock
  • Acquisitions

Finance Yorkshire

Finance Yorkshire also provides a range of typically unsecured loans ranging from £15k to £50k for early stage businesses, £15k to £75k for established businesses and from £15k to £250k for established and profitable businesses with terms up to maximum of 5 years.

Finance Yorkshire business loans are available for a wide range of purposes including working capital, expansion projects, commercial premises and asset acquisitions with a sliding scale of interest rebates depending on stage of business. Their aim is to finance ambitious entrepreneurs and businesses who can demonstrate their ability to grow their businesses.

Whether you are a startup business or need resources to take your company further, we can help. Please contact us if you would like any further information based on your specific situation.



Are you cyber secure?

With many alarming horror stories in the press recently, cyber fraud has become the hot topic of 2016.  The methods that fraudsters are using to obtain the information they want are constantly changing and it is  important  to stay vigilant and be aware.

With this, now more than ever we are being advised to be suspicious of all unsolicited contact, even if it appears to be from a trusted source. There are an increasing number of different fraud types being used, with reports over the last few months of phishing phone calls, with fraudsters claiming to be from HMRC, making unsettling and intimidating phone calls in their latest attempts to obtain personal data. HMRC have published some helpful guidelines here, which provides guidance on recognising scams, if you are not sure.

Here at Naylor Wintersgill, we take security very seriously, and so, as part of our continued commitment to provide support to your business, we have teamed up with the West Yorkshire team at Barclays to deliver a Cyber Fraud and Tax In Action Seminar for our clients on 20 October 2016.

We are encouraging as many clients as possible to join to us for the event – we are all at risk of cyber fraud but we can take steps to ensure we are able to identify and manage these risks.

In the seminar, expert speaker Andrew Dixon from Barclays will present on the current cyber fraud trends, the best approach to managing fraud risk and help raise awareness of the different fraud types, which may result in financial losses for you and your business.  Andrew will also provide key information to help you to identify and manage fraud risks that could harm your business.

During part two of the seminar, Naylor Wintersgill tax specialist, Chris Gumbley will be presenting 5 of the most pertinent business and personal tax topics, based largely on making the most of the extremely valuable tax reliefs readily available.  There will also be an opportunity to put any questions you may have to Chris and talk through the possibilities for your business.

If you are interested in attending this seminar or you would like any further information, please contact us to register your interest or call 01274 733184.

Making tax digital – Tax is changing!

You may be aware of the recent announcement by HMRC to introduce a digital tax system.

Naylor Wintersgill tax partner Chris Gumbley, advises that consultations are taking place at present, with further details expected in November.

If these proposals are implemented they will bring in fundamental changes to the tax system.

It is intended that they will be introduced gradually from April 2018.

Some of the main points are:

  • Most businesses and landlords will need to use software or apps to keep their business records.
  • Updates will need to be provided to HMRC four times per year.
  • Some people will be exempt from these changes.
  • All taxpayers will have a Personal Tax Account with HMRC, so they can see at any time the tax paid and the tax that is due.
  • There will be a voluntary “Pay as you go” system introduced.

The proposals are at an early stage, but we are already considering the implications for our clients.

Please rest assured that we are on the case!

We are on the case and will provide more information as the matter progresses.
Chris Says, “We are on the case and will provide more information as the matter progresses.”







We will let you have more details as to how the changes might affect you over the next few months and we will keep you informed as matters progress.

In the meantime, please get in touch if you need any further information as this stage.



Goldman Sachs 10K Small Businesses programme – Applications open for January 2017!

Goldman Sachs 10,000 Small Businesses programme is an investment to help entrepreneurs create jobs and economic opportunity by providing greater access to education and business support services. The 10,000 Small Businesses programme is funded by Goldman Sachs and the Goldman Sachs Foundation

Naylor Wintersgill Managing Partner Victoria Wainwright and Partner Colin Whitehead  have long been involved with the Goldman Sachs 10K Small Businesses Programme and are proud to have  delivered the finance module and workshops here in Yorkshire for a number of years.

The Goldman Sachs 10,000 Small Businesses programme provides high-quality, practical education specifically tailored to the needs of UK small business leaders. Participants will receive 100 hours of teaching designed by leading experts and delivered through online and residential sessions led by Saïd Business School, University of Oxford, together with Aston University, University of Leeds and Manchester Metropolitan University. The programme is fully funded for successful applicants.

Additionally, participants will gain exposure to a network of professional experts through business coaching and one-to-one advising. Graduates will also join a highly active and unique group of small businesses who provide ongoing peer support to one another and frequently establish B2B trading.

Participants will benefit from:

  • Specialist workshops
  • Business coaching
  • Networking opportunities
  • Exposure to a network of professional experts and one-to-one support
  • A network of 10,000 Small Business graduates

We are now proud to be spreading the word about 10,000 Small Business UK and we would like to make you aware that applications for the programme commencing in January 2017 close on 24th October 2016.

Please do not hesitate to contact us if you require any further information or assistance.


A ‘reet good’ celebration at Naylor Wintersgill!

With true Yorkshire enthusiasm, Friday 29th July saw Naylor Wintersgill braving the down pours to celebrate Yorkshire Day – albeit two days early!

Over 100 clients and professional contacts joined our Yorkshire Day celebrations this year with guests enjoying good old Yorkshire hospitality with locally brewed Bradford Brewery ‘Northern Soul’ cask ale and yummy Yorkshire fayre supplied by Foodworks.

Foodworks Buffet

It wouldn’t quite have been a Yorkshire ‘do’ without a spot of welly wanging and the stakes were high to be crowned the champion of the traditional sport on the day.  There was also ample opportunity to ‘tek thee sen a selfie’ in front of our photo screen with lots of flat caps to doth and props to pose with – check out our gallery for some fantastic photos of the day!

As the atmospheric sounds of Yorkshire Brass Quintet filled the afternoon, our guests were also treated to sights of some fantastic Farnell Bradford Jaguar motors on show and local Bradford based bike shop Pennine Cycles brought with them some of their amazing Pennine frame cycles to showcase.


We are also  pleased to announce that  our Yorkshire Day raffle raised a huge £400 to be split between our chosen charities for the year, Marie Curie Bradford Hospice and Bradford based charity One In A Million.

Craig McHugh

Every member of the NW team worked together to contribute to the success of the day and volunteers were on hand for every task, from serving drinks, pinning Yorkshire roses, giving out good bags to washing up – a big thank you from all the partners!


It was a ‘reet good’ do and we hope to see thee all next year!



‘Highly commended’ at Bradford Means Business Awards 2016

We are extremely proud to officially announce that Naylor Wintersgill has been presented with a ‘highly commended’ award in the ‘Job Creator of the Year’ category at the annual Telegraph & Argus Bradford Means Business Awards 2016.

The glittering awards ceremony, held on 11th June 2016 at the Aagrah restaurant in Thornbury, Bradford saw hundreds gather to celebrate the district’s top business men, women and firms success and achievements.

This year the ‘Job Creator of the Year’ category was sponsored by Bradford College and we were honoured to be only one of three businesses shortlisted in this prestigious category. The award honours those who have played an outstanding role in boosting employment in the Bradford district by doing their best to increase workforces and also train and improve the skills of existing employees.

On the run up to awards ceremony, we were given the nerve-racking opportunity to film a short video about Naylor Wintersgill to be played just before our category winner was announced on the evening. Managing partner Victoria Wainwright took on the task and it was great to see Naylor Wintersgill in the spotlight at such a fantastic event.

We are extremely proud to have been a part of the Bradford business community for almost a hundred years now, and as firm we are passionate about developing home grown talent. As an officially appointed training firm of the Institute of Chartered Accountants we are delighted that we are now celebrating our 25th year of offering an annual modern apprenticeship programme to grow and develop our workforce for the future.  We firmly believe the success of the firm depends on each and every member of our team and fully support and encourage all colleagues in their ongoing technical and professional development.

Just to be nominated is an incredible accolade and we are very proud of our achievements as we constantly look to work with individuals who have the same passion and enthusiasm we do.

Employee Contributions to Car Benefits

Company cars have been a popular perk in the past but many employees have now been swayed to use their own vehicles and opt for a car allowance. If you do still provide employees with a company car, as of 6 April 2016, HMRC has introduced a new legislation which you may not be aware of.

An employee is taxed on the provision of a car if it is available for their private use (private use includes home-to-office travel).

When someone has the benefit of a company car, they will become liable to Benefit in Kind (BIK) taxation. Here, our tax partner Chris Gumbley, explains the change in the rules and how contributions made by employees towards the cost of car provided to them by their employer can reduce the tax charge arising.

Concept of “fair bargain”

Until recently, where an employer provided leased cars to employees (with the lease being in the employer’s name), but with the employees repaying the full lease cost to the employer, it was considered that no BIK arose.  The logic was that, under the concept of “fair bargain”, the employees did not receive any benefit in the ordinary sense of the word – therefore the cars did not fall within the BIK regime.

HMRC’s view has always been that the fair bargain concept did not apply to company cars and to put the matter beyond doubt they introduced legislation which took effect from 6 April 2016.

As a result, depending on the amount of the lease premiums, employees may well now have taxable BIKs in such circumstances.

But all is not lost!

 Whilst there may be a BIK, the taxable amount will be reduced by the amount of employee contributions if various conditions are met.

In particular, the payment must be made by the employee as a condition of the car being available for private use.

Action Points

If, as an employer, you have employees who make contributions in respect of a company car, we strongly recommend that you have a written agreement in place to ensure the BIKs can be reduced.

It is also essential that you fully understand how car benefits need to be reported to HMRC, to avoid interest and penalties arising in the future.

We can help – so please contact us if you think you may be affected by the changes or require any clarification based on your specific situation.

Companies House changes affecting you

There are some big changes coming in the Company Secretarial world and here at Naylor Wintersgill, we would like to make you aware of the following changes that will affect your company from 30th June 2016.

The Small Business, Enterprise and Employment Act received Royal Assent in March 2015 and as part of this legislation the following changes will come in to force on the 30th June 2016:

The annual return to Companies House will be replaced by a new confirmation statement.  

The confirmation statement is intended to serve the same purpose as the annual return, however, one of the main differences is that rather than providing a snapshot of your company data at a specific date, companies will now need to review the information held at Companies House and confirm that this is correct and fully up to date.  This review has to be carried out at least once a year.

Once the new confirmation statement, dated after the 30th June 2016 has been filed, companies must then let Companies House know as and when changes to appointments etc. take place.

The filing deadline for the confirmation statement (previously the annual return) is changing from a 28-day grace period to 14 days after the ‘made up date’. e.g. a confirmation statement made up to 30th September 2016 must be filed by 14 October 2016.

When the confirmation statement is filed, companies will, for the first time, have to notify Companies House of the people with significant control. 

A person with significant control may be a director, shareholder or someone who is running the business in the background.  There are five categories of people who could be regarded as having significant control but, if there is no one with overall control, a company has to make a statement to that effect.

What will happen now?

If we take care of your company secretarial requirements you will receive, ahead of your filing deadline, a company profile which will show the information that we hold for your company.

You will be asked to confirm that this is correct and to identify the people with significant control.

A new PSC (People with Significant Control) Register will now record these details and will automatically become part of the company’s statutory registers.

Please help us to help you by providing any changes to your company structure as soon as these take place.

We are here to help

We are always here to help and should you wish us to take care of the annual company secretarial needs of your company do not hesitate to contact us

Remember to continue visiting our blog and following us on Twitter to keep up to date with all the latest industry news.

Peak Performance for Naylor Wintersgill

They did it!!

On Saturday 18th July a team of heroic hikers comprising of partners Gavin ‘Machine’ Lamb (along with 6 year old son Edward and dog Daffy!), Philip ‘No Sweat’ Venter, Chairman Alan Wintersgill with son Craig Wintersgill and Tony Bairstow from Butterfield Signs Limited took on the Naylor Wintersgill Yorkshire 3 Peaks challenge in support of our chosen charity One in a Million.

One in a Million engages with children and young people from disadvantaged backgrounds in Bradford to provide weekly sports, arts, education and enterprise programmes. Now celebrating 10 years of delivering community programmes across Bradford, the charity is having a positive and lasting effect in the local community.

As a proud corporate partner to the charity, Naylor Wintersgill shares in the same passion and enthusiasm to encourage young people in our community as they do and we couldn’t miss an opportunity to ‘trek’ out there and take on the challenge in support of this worthy cause!

Feeling fresh as daises, the group set off from Horton in Ribblesdale at 6.45am with a steely determination to complete the epic 24 mile walk across Penyghent, Whernside and Ingleborough within the 12 hour allotted time.

Feeling wonderful on Whernside
Feeling wonderful on Whernside

Throughout the day the trails were very busy but the team kept up the pace with even Daffy the dog providing assistance to the team up and down Penyghent.  An amazing Edward at only 6 years old spent 5 minutes being carried on dad’s shoulders and 5 minutes walking and by the time they reached the top of Whernside, Gavin was the talk of hundreds of walkers who were stunned and in awe of the father and son duo!

Still feeling fresh!

The whole team were all extremely appreciative of Wayne Jacobs and Craig McHugh from the One In A Million charity who were their support team throughout the challenge. With the gang slightly ahead, Wayne Jacobs even took on Whernside with Alan.  “Wayne’s support and encouragement on Whernside will never be forgotten!” remarked Alan yesterday.

Daffy's in charge!
Daffy’s in charge!



Tony, Craig, Wayne and Philip

Taking on the final tough climb and decent of Ingleborough, Alan was over the moon to be joined by good friend Gary Peacock, General Manager of the Midland Hotel in Bradford, who is a 3 Peaks marshal,  who provided invaluable support and encouragement to cross the finish line and achieve what he thought wasn’t possible.

Gary & Alan hit Ingleborough
Gary & Alan hit Ingleborough

Gavin, Edward, Philip and Craig finished in around 11 hours and with a special mention to Wayne and Gary, Alan made it in just less than 12 hours. Reflecting on his achievement Alan said, “I learnt many years ago that if you wanted to succeed in any aspect of life get a good team around you, and on Saturday I had the best. “

Heroic finish!
Heroic finish!

With just over £1,200 raised so far and with donations still coming in, there’s still time to visit the teams Just Giving page here, if you would like to support their valiant efforts. All monies raised will go directly to support the One In A Million community programmes for disadvantaged children and young people in the most deprived areas of Bradford.

The whole team thank you for your support.


Alan’s Charity Cycle Success!

Naylor Wintersgill chairman, Alan Wintersgill, has successfully completed his latest exhilarating charity challenge by cycling all 127.25 miles of the Leeds Liverpool canal in two days, in support of Marie Curie Bradford Hospice.

With triathlon success already under his belt so far this year, Naylor Wintersgill chairman, Alan Wintersgill, was ready to take on a new challenge and this time teamed up with Andy Lowther from Handelsbanken, Adam Evans from Ilkley Cycles and Chris Schofield from Schofield Sweeney to be put through their paces on the canal.

Starting out in the sunshine along the excellent canal paths out of Liverpool, the team quickly hit a gruelling task to navigate through the heavy rain and open countryside to the half way point, after eight hours in the saddle. Awaking refreshed on day two, the fundraising foursome were in great spirits heading home. Alan Wintersgill said, “It was great to see family, friends and the Naylor Wintersgill team turn out in force to give us such a boost for the final push to Leeds.”

With donations still coming in, collectively the team have remarkably raised over £8,500 so far to support patients at the Marie Curie Bradford hospice. Combining this total to Alan’s donations from his recent Great Northern Trial Triathlon, Alan is proud to announce that they have reached their ambitious goal to pay for two days of vital local care and support for patients at the Marie Curie Hospice, Bradford.

Sharon Link, Community Fundraiser at the Bradford Hospice commented, “We are extremely grateful to the fundraising four! Their support means so much. To raise enough to pay for two days at the hospice is such an achievement and one they should be really proud of.”

Alan added, “It was a tough challenge but for a very worthy cause. Would I do it again? If someone had asked me this straight after the challenge the answer would be no, but now, for a worthy cause…why not!”