Food & Beverages

The team at HLB Ireland has built up a wealth of experience in the provision of accounting services to the food sector.

As a leader in technological developments for food production and food technology advancements, the food sector is also in a position to avail of a wide range of government and EU supports.

There are a few industry sectors in Ireland that can show similar results and growth potential than the food sector. Ireland relies heavily on exports and a large portion of these exports come from this sector.

Some of the challenges facing the food sector include heavy regulation, volatile commodity prices, increased energy costs and labour costs. These factors combine to limit the strategic advantage to be achieved in today’s competitive food sector.

Businesses in the food sector must therefore ensure, not only are they running their businesses efficiently, but also that they are aware of the changes in the sector and are in a position to move with these changes in a timely manner.

Our services:

HLB Sheehan Quinn recognises these issues and works with our food sector clients to help achieve and sustain competitive advantage through our food sector accounting services:

  • Industry KPls
  • Grant audit and advisory
  • Advice on R&D and innovation reliefs
  • Fundraising (including EllS)
  • Business planning including forecasting and benchmarking
  • Mergers and Acquisitions to include Due Diligence
  • Valuations
  • Audit and assurance services
  • Forecasting & budget planning

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

  • Understanding European and Irish agricultural policy and subsidies
  • Working capital management for what are typically highly seasonal businesses
  • Advising on internal control reviews for businesses
  • Maximising tax reliefs on capital allowances on new sites and investments in plant
  • Raising external debt or equity funding
  • Assisting with acquisitions or disposals

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.
  • Internationalise by seeking specialist advice from the HLB International Network.

Mark Butler

Managing Partner
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