As one of our leads in PKF Francis Clark’s marine sector specialism - and a bit of a geek - I was intrigued to read that…
A British sporting challenge involving the country’s greatest sailors, including Olympic gold medallists Sir Ben Ainslie and Giles Scott, is being backed by a South West accountancy firm.
PKF Francis Clark has been named as the Official Supplier of accountancy services to INEOS TEAM UK, the British team for the 36th America’s Cup. The America’s Cup is the oldest international sporting trophy in the world and the next edition takes place in Auckland in 2021.
The firm, which has eight offices across the region and celebrates its centenary this year, provide a range of services to the Portsmouth-based team including payroll, research & development (R&D) claims, corporate tax filing and VAT assistance. The PKF Francis Clark team is led by Martin Aldridge, Partner and Head of Marine.
The America’s Cup started in 1851 with a race around the Isle of Wight. It has been won by four nations in its history: USA, Australia, New Zealand and Switzerland but never Great Britain. Emirates Team New Zealand are the current holders of the America’s Cup for the third time, after beating Oracle Team USA in Bermuda in 2017.
Team Principal and Skipper, Sir Ben said: “I am delighted to have Martin and the team at PKF Francis Clark on board again for our forthcoming America’s Cup challenge.
“They have supported me throughout my career and their professional services and expertise have been invaluable to our finance team throughout our America’s Cup programme.”
Martin Aldridge said PKF Francis Clark was “proud and honoured” to be appointed as an official supplier to INEOS TEAM UK.
He added: “Sir Ben is a long-standing client and we were also pleased to support Ben’s last campaign for America’s Cup title in 2017.
“This is an incredibly exciting project and with Sir Ben at the helm, we have high hopes for INEOS TEAM UK’s success in the 36th America’s Cup”.