Engineering

£214k

to

to

to

£28k

Tax paid in advance cut by £186,000

Tax paid in advance cut by £186,000

Tax paid in advance cut by £186,000

A 150-person marine engineering firm, 2025 (demo).

Client

Fenwick Marine

Firm size

150 people

Engagement

9 months

Year

2025

Wooden boats under construction in a large boat shed under a gantry crane.

1

The problem

Fenwick paid tax in advance based on a record year. This year’s profit was lower, so the company was paying for profit it was not making.

2

What we did

We forecast the year’s taxable profit every quarter.

We used the forecast to support a lower advance payment.

We set up a quarterly review, so the payments follow the forecast in both directions.

3

What changed

Fenwick kept £186,000 in the business during 2025 that would otherwise have been paid early and refunded later.

£186,000

less tax paid in advance during 2025

Reduction in tax paid in advance, running total by quarter, 2025. Demo figures.

£186,000

less tax paid in advance during 2025

Reduction in tax paid in advance, running total by quarter, 2025. Demo figures.

“That cash paid for the new workshop roof.”

Managing director, Fenwick Marine (demo)

Managing director, Fenwick Marine (demo)

Led by

The people who led it.

Each name below did the work on this file. Their page shows their other cases and their calendar.

Each name below did the work on this file. Their page shows their other cases and their calendar.

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