Management incentives - Valuation of growth shares

Gig Economy1

By Lyndsay MacGregor, Associate Director, Tax

Over the past 15 or so years, we have seen many hundreds of companies implement equity incentives using ‘Growth Shares’.

Growth Shares are a bespoke solution, such that no two arrangements are the same. However, in general terms, they are a separate class of shares, which only deliver a return at a point in the future (generally on exit) and only to the extent that the value of the underlying company at that time exceeds a pre-determined threshold.

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Posted on 21/07/2017 | 0 Comments

Deloitte in 2016 – our impact in Scotland

Impact report blog image

Numbers are important. They have a helpful way of conveying results in an easily-digestible, unerring format. But, perhaps I would say that, given my profession.

In my last blog, I talked about a lot of numbers. Last year Deloitte’s UK Group delivered 13.6% growth, breaching £3 billion in revenue for the first time. The firm has invested in 30 start-ups, 20 of which were developed by our own people. Our number of partners and directors in Scotland rose to 35 and 45, while we also recruited 53 graduates and 10 BrightStarts.

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Posted on 13/09/2016 | 0 Comments

A year of change for Deloitte in Scotland

Annual results blog

Seldom has so much happened in the space of 12 months. In the last year, we’ve witnessed a great deal of change, not only in terms of technology, politics and economics; but in many other walks of life too.

For Deloitte, it has also been a truly transformational period. Our firm has grown at its fastest pace for a decade, increasing turnover by 13.6% and breaching £3 billion across the UK Group for the first time.  

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Posted on 02/09/2016 | 0 Comments

Restructuring on the horizon for oil and gas

O&G restructuring blog MM

The oil price drop has been severe, with a profound effect on the industry. Almost every business is reassessing how it operates and looking for ways to respond – cutting costs and discretionary capex, all the while enhancing production volumes to keep their head above water.

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Posted on 17/08/2016 | 0 Comments

Brexit: uncertainty ahead, but Scotland can prosper

Brexit blog image

Historic is a word often used erroneously – but today is definitely a historic day. In one of Britain’s most definitive political moments, the public has spoken and made clear that it sees the UK’s future being better-served outside of the EU.

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Posted on 24/06/2016 | 0 Comments

Collaboration on the UKCS: what’s in a word?

  Collaboration blog 25 April

Collaboration is a buzzword in the North Sea these days. At a time when the industry is striving to restore competitiveness, improve efficiency and bring down costs it has seldom been more important. Oil and Gas UK’s most recent Activity Survey found that operating costs have dropped from around $30 per boe to $17 since 2014, but measures still need to go further.

Scratch the surface though, and you quickly realise that there’s little clarity over what collaboration actually means. That lack of understanding was one of the main drivers behind our report: Making the most of the UKCS: Collaborating for success. Surveying the UK Continental Shelf’s (UKCS) operators and supply chain companies, respondents told us that they collaborate to a high degree with their suppliers and customers in initiatives mainly aimed at cutting costs.

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Posted on 25/04/2016 | 0 Comments

The Deloitte business health check – is your working capital working for you?

Working capital blog image

The recovery from the financial crisis of 2008 barely got going before we were talking about a sovereign debt crisis in Europe. Nevertheless, stock markets rose and economic indicators started to head in the right direction from around November 2011.

Now that’s morphed into an oil price slump, precipitated in part by a slowdown in emerging markets; most notably China. If the experience of the last few years tells you anything, it’s that there are always challenges to be overcome.

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Posted on 18/04/2016 | 0 Comments

Are you ready for the end of the tax year? Our nine tips for preparing

End of year tax blog image

The end of the tax year is fast approaching and this is always a good time to ensure your tax house is in order. With this in mind, we’ve put together some top tips for things that you should consider before 5 April 2016.

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Posted on 21/03/2016 | 0 Comments

Budget 2016 goes pop with sugar tax and treats for individuals

Budget folder

 

Few days are met with more anticipation, and sometimes trepidation, than Budget day. This year’s set of announcements were a complex mixture of tax changes, in what will be the first revenue-neutral Budget of this Parliament.

Some gained and others found themselves worse off from proceedings. Among the winners were individuals, savers, higher rate taxpayers, small businesses and oil and gas companies. Those who fared less well were larger businesses, property investors and, potentially, people who like to indulge in a sugary drink.

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Posted on 17/03/2016 | 0 Comments

Guest blog: Taking 'Exporting is GREAT' on the road, by David Mundell

Exporting is great

This week [Monday 29 February], saw the launch of a major new initiative to boost the exporting capability of Scottish business.  The Exporting is GREAT roadshow has been rolling across Scotland this  week, encouraging more businesses to sell their products and services overseas.

This is all about jobs and growth, and exporting is vital to Scotland’s future.  We know that firms which export grow faster, generate more revenue, hire more people and tend to pay better. 

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Posted on 02/03/2016 | 0 Comments