Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
The potential consequences of Russia's annexation of Crimea
The geopolitical aftershocks from recent events in Crimea appear to have some way still to run, but in the longer term, one impact of the crisis may be to shift thinking in the European energy sector.
Russia currently provides around a quarter of the EU’s gas needs, rising to more than a third in Germany, three-fifths in Poland and 100% in the Baltics. Around half of this gas passes through Ukraine. Oil and gas exports account for more than half of Russia’s federal budget and Europe is its largest gas market. Cutting Europe off would be very painful for Russia.
So no doubt the politicians will come to some sort of mutually beneficial deal to keep the gas flowing to Europe, whether through Ukraine or around it.
But this has clearly given European leaders food for thought about where they should get their energy from in the future. One outcome could be a revived focus on renewables as a way of shaking off Russian influence over European light switches, as well as helping to meet emissions targets. The crisis may also instil a further sense of urgency around existing plans for inter-country connections and regional smart grids.
Those countries that haven’t turned their backs on nuclear may also be quietly applauding their decision to keep the faith with this controversial and expensive technology. Europe could of course look to other sources of gas, such as the Middle East and North Africa, but it would currently have to pay around double what gas from Russia costs.
The renewables sector could certainly do with a boost. Attitudes to EU emissions and renewables targets have become increasingly ambivalent in the face of rising business and consumer pressure for lower prices.
Globally, the recent UNEP/Bloomberg New Energy Finance report suggests investment in renewables declined by 14% in 2013, although, frustratingly, this comes at a time when the cost of renewables is coming down; because of cheaper technology, the renewable share of the energy mix actually increased to 8.5% (up from 7.8% in 2012). And this comes at a time where the case for investment in renewables becomes ever clearer: the IPCC believes that the world needs to triple the energy it gets from renewables, nuclear reactors and power plants that use emissions-capture technology to avoid dangerous levels of global warming.
Our most recent IBR study was undertaken before the Ukraine situation flared up, but the results show a renewables sector under pressure in Europe. Just 32% of EU cleantech businesses expect to raise profits over the next 12 months, compared to 47% of sector peers globally. Similarly, 39% expect to invest in plant and machinery in the year ahead, below the global sector average of 53%.
The situation in Ukraine is complex and disturbing; but if it provides the kick needed for European policymakers to focus on energy security then some good may have come of it. New clean energy investment rose 14% globally in Q1 from a year earlier which is positive. In an uncertain world, making locally generated renewables a larger share of the energy mix is simply common sense.
To learn more about our energy and natural resources services contact Kevin Schroeder or your local member firm.