Food and drink

Baker Tilly has an enviable list of clients within the food and drink sector. From producers to consumers we work throughout the supply chain and understand how issues can impact the whole sector.

Helping our clients with current sector issues

Whatever your role in the chain there are concerns over volatile commodity prices, soaring energy costs and the impact of the minimum wage. How much of this price inflation can be passed through to customers in a time of economic lull is key. For many of our clients we have helped them develop from single site, single brand operations to multisite multinational businesses. If you are in agriculture, manufacturing and processing, wholesale or distribution or in retail, restaurants, pubs and bars then we can help.

Practical and relevant solutions to help your business succeed

Through our work with clients across the food and drink supply chain we provide support and advice in:

• Understanding European and UK agricultural policy and subsidies
• Business planning to aid decisions on commodity hedging, the impact on change of supply or customer terms
• Working capital management for what are typically highly seasonal businesses
• Advising on internal control reviews for businesses which can be highly cash based and operate from a number of distributed sites
• Maximising tax reliefs on capital allowances on new sites and investments in plant
• Raising external debt or equity funding
• Assisting with acquisitions, disposals or public offers

Industry expertise with international reach

Our specialist experience in the sector means we can assist our clients to:

• Keep abreast of regulation and legislation that affect their businesses
• Understand the impact of current and future developments in their markets,
• Ensure compliance with in tax, VAT and audit requirements
• Achieve optimal management of their financial resources
• Help address the needs of financial sector partners in the current economic climate
• Maximise shareholder value on corporate acquisitions, disposals or flotations
• Roll out internationally through our International Network Baker Tilly International

Related publications

• VAT: hot food is hot news
  When the Chancellor stated that he would be addressing VAT anomalies you may have thought he meant widening the scope of the zero or reduced rate of 5%. He didn’t. He’s making sure that a number of goods and services are taxed at the standard rate of 20%.
• Bakeries briefings – Autumn 2011
  Following numerous recent bakery assignments for Baker Tilly Restructuring and Recovery, we explore the key challenges and opportunities for the sector.