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Marine Newsletter – Summer 2019

Welcome to the Summer 2019 issue of the PKF Francis Clark marine newsletter. Traditionally the summer months are the busiest time of year for much of the sector and we have a lot to discuss in this issue. This includes protecting freedom of navigation, coastal economic development, decarbonisation, enhancing the UK’s maritime competitiveness and developing our workforce.

While we’ve not specifically mentioned the ‘B’ word in this newsletter, the maritime sector has been clear that it has a preference to leave the EU with a deal but has been working closely with the Government to prepare for all eventualities.

Regardless of what happens in the weeks to come, Britain’s future success and prosperity will, to an extent, depend upon its ability to trade across the world. Our maritime sector will be crucial to this mission.

As well as articles specifically relating to the marine sector, we have included items on a diverse range of topics from my PKF Francis Clark colleagues:

  • Research & Development – Staying ahead of the game
  • Preserving wealth in the family business
  • Bringing UK VAT registered businesses into the digital age – are you ready?
  • Challenges and opportunities – what you do about them and how adaptable are you?
  • Email cyber attacks
  • Resolving commercial disputes.

We also have a client case study from Jenkins Marine, with a big thank you to them for sharing their story. I hope you will find this an interesting and informative read.

On a lighter note, PKF Francis Clark is proud and honoured to have been appointed an official supplier to INEOS Team UK, led by four-time Olympic gold medallist, Sir Ben Ainslie. Sir Ben is a long-standing client and we were also delighted to provide accountancy services for his 2017 America’s Cup challenge. This is an incredibly exciting project and, with Sir Ben at the helm, we have high hopes that the 36th America’s Cup will see INEOS Team UK take the title for Great Britain.

A big shout out to Hannah Mills and Eilidh McIntyre, who recently won the 470 World Championship in Japan. Finally, with the Olympic sailing trials well under way we would like to wish everyone taking part all the very best.

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