Accountants Newton Abbot

Agriculture - Case Study

Financial Management for an Agriculture Business​

Client Overview:

One of our clients is a family-owned agriculture business specialising in organic produce farming located in the rural outskirts. The company, founded in 2005 by the family, has steadily grown over the years, managing a large acreage of farmland and distributing their products both locally and nationally. With a workforce of 50 employees and significant investments in equipment and infrastructure, they faced the typical financial challenges of managing cash flow, optimising tax strategies, and securing the future of the business and its shareholders. 


Client Needs:

The business initially sought professional assistance to streamline their financial operations, reduce their tax burden, and establish long-term financial security for the family members involved in the business. They required expert guidance in areas such as company tax returns, self-assessments, bookkeeping, payroll management, and strategic financial planning tailored to the unique needs of the agriculture sector. Therefore, Maven was engaged to address the financial challenges that the business was facing. Our team of experts conducted a thorough analysis of the company’s financial records, tax documents, and future objectives to develop a tailored strategy. 


Service Implementation: 

Our experts identified areas where the agriculture business could optimise their tax strategies. By implementing efficient tax planning techniques, such as capital allowances for their agricultural assets and utilising agricultural property relief, we managed to help the company significantly reduce its tax liability while remaining compliant with relevant regulations. In year 1 of working with Maven, their company saved £34,000 in corporation!

Recognising the importance of retirement planning, we recommended director pension consolidation to maximise tax efficiency and retirement savings. By consolidating multiple pension schemes into a single, streamlined plan, the family could benefit from reduced administrative costs, simplified management, and enhanced investment opportunities. 

Maven also introduced relevant life plans tailored to the unique needs of the directors, providing valuable life insurance coverage while offering tax-efficient benefits for both the company and the insured individuals. This initiative not only helped reduce their tax burden but also ensured financial protection for the family in the event of unforeseen circumstances. 

To safeguard the interests of the family and ensure the seamless transfer of ownership in the future, Maven provided experts to facilitate the implementation of shareholder protection policies. These policies provided a structured framework for the orderly transfer of shares in the event of death or critical illness, mitigating potential conflicts and preserving the continuity of the business. 


The collaboration between the family-run agriculture business, Maven and our partners yielded significant benefits: 

  • Tax Savings: By implementing optimised tax strategies, they reduced their tax burden, preserving valuable resources for reinvestment and growth. 
  • Retirement Security: Director pension consolidation provided the family with a clear path towards retirement, ensuring financial security and peace of mind for the future. 
  • Welfare: Relevant life plans and shareholder protection policies demonstrated the family’s commitment to the well-being of its employees, directors, and shareholders, fostering longevity, loyalty, and trust within the organisation. 
  • Operational Efficiency: Streamlined financial processes, including bookkeeping and payroll management, improved efficiency, enables them to focus on core business activities and strategic initiatives.

Through proactive financial management and strategic planning, the partnership between Maven and the agricultural business has meant they’ve successfully navigated the complexities of the agriculture sector while optimising their financial performance and securing their long-term viability. By leveraging tailored solutions and expert guidance, the company has positioned itself for sustained growth and continued success in the dynamic agricultural industry.

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Comprehensive and tailored accounting and financial solutions

Achieving your life goals often hinges on solid business financial planning.

Our experts specialise in corporation tax reduction and profit extraction.


What Our Client's Say

We had lost direction and focus on our financial future as a business, until we discovered Maven. Thanks to their fantastic team we have made some massive savings, aligned our business objectives and really got back on track. Maven's business knowledge and advice is not to be underestimated. Thank you Maven!

Rob Webb Director

As a business owner, I am appreciative of what Maven have introduced me to. I don't pay a penny for their regular reviews and have regular calls with one of the team whenever they've found something that will save or generate money for my business. I like their ethos behind all their practice that you'll only ever make money by becoming a client of theirs. Both me and my accountant have been more than happy to engage with them on some of their financial solutions and strategies.

Stuart Mcdowell Business Owner

When Maven Solutions first approached me, I said "No thanks, I have a fantastic accountant". Luckily for me, they persisted and now I benefit from having both my accountant and the amazing team at Maven Solutions. There is a wealth of knowledge in the team, and I've learnt so much. Thank you for everything you've done, and continue to do.

Claire Revell CEO