Chartered Accountants

The Company

Alan Solomons + Co
















We were first recommended to Alan Solomons + Co when we were selling our Ironmongers business. They advised us on the tax aspects of the sale and helped in the final negotiations. I must admit I had certain apprehensions when we went to the meeting for the final negotiations. The other side was a company that had a team doing nothing but going round the company buying up ironmongers. How was a local accountant going to have any impact on them?

As it turned out Mr Solomons convinced them that our business was worth much more money than they were offering. Indeed much more than the maximum that their Chairman had authorised them to offer. They had to go back to him to get authorisation for an offer above the maximum already authorised, which they duly obtained.

On top of this it later transpired that Mr Solomons had slipped in a clause that meant were paid by the purchasers the full tax relief on our single premium pension premium instead of only one fifth. Their accountant did not pick up on the tax implications. This meant that we received an extra £27,600 plus £34,000 from the increase in the final price. The original offer of £286,000 had now become worth £347,000.

After the business was sold we wondered how to invest the money. Hearing that Mr Solomons specialised in dealing with investments we were more than happy to let him advise on all our monies. We had sizeable portfolios of shares that Mr Solomons wisely advised us to liquidate. Luckily most of our shares were sold before a crash in the market. We have been happy with his advice ever since.

Bernard Romany
Watford


Alan Solomons + Co
2 Gayton Road, Harrow, Middlesex HA1 2XU
Tel 020 8901 7580 Fax 0870 4299468 Email info@alansolomons.co.uk


also at: Fleet House, 8-12 New Bridge Street, London EC4V 6AL

Authorised and regulated by the Financial Services Authority for investment business