Ritson Smith's client base includes businesses of various sizes and types – from individuals and partnerships to large corporate clients operating across the world, from unincorporated businesses to charities, trust and not for profit organisations - and we structure our service teams to deliver the best advice and support depending on the specific needs of each client.
Our experience extends across a broad range of business sectors (shown opposite)
Our sound knowledge of the North East‘s commercial environment means our clients throughout the region receive service and advice which has been tailor-made to meet their needs.
Ritson Smith has helped hundreds of clients to grow their business, working with them and in conjunction with our clients’ other professional advisers for twenty, thirty years and more.
We know our clients value continuity of this type in their dealings with us and it allows the Ritson Smith client service teams to get to know our clients’ businesses inside out, and enables us to make a valuable long-term personal contribution towards helping our clients deliver their products and services for what they are really worth.
Our clients range from international groups through to fast-growing and acquisitive entrepreneur led companies and one-man consultancies. Whether the business is involved in production, oilfield services, shipping, technology or renewables, Ritson Smith have a history of applying experience based and innovative solutions and services tailored to the specific needs of our clients.
We understand the current issues facing those operating across the broad spectrum of the food and drink industry - from agriculture and fishing through to production and retail.
The changing environment for those involved within the agricultural and fishing sectors has created the need for expert professional advice and support which is provided by our specialist team.
Ritson Smith offers sound advice across the board and with our personal involvement we can help with issues such as asset acquisitions, product diversification, cost control and restructuring the business. Our experts will ensure that you can be one of the success stories of the North-East's burgeoning food and drink sector.
The Ritson Smith team is experienced in the property and construction sector and allied to our hands-on approach we aim to develop a detailed knowledge of our clients' businesses and their ambitions. This allows us to provide expert advice tailored to meet our clients' requirements in the following areas:
At Ritson Smith we understand the needs of partners in medical and dental practices. This is a time of rapid change in the health service and it is important for doctors and dentists to be able to devote maximum time to patient care. That is where our team can help by providing specialist knowledge on budgeting, financial and tax matters
For over 30 years Ritson Smith has worked for and with some of the best-known names in the professional and financial services field. Our specialist knowledge in these areas helps our professional clients navigate their way through the regulatory maze that applies to professional firms in various sectors.
In addition, and through our network of contacts, we can refer clients to reputable professionals working in other fields whenever such a need arises.
With offices located across the North-East of Scotland we represent and advise clients, large and small, operating in retail, hospitality and leisure. Our understanding of the important issues for public facing businesses along with our emphasis on continuity of service allows us to provide bespoke advice, assistance and support to our clients. Ritson Smith provides professional and cost-efficient services that are designed to meet our clients' needs and to allow our clients to concentrate on running a successful operation.
Many of our clients are family owned enterprises. Such businesses are a unique blend of commerce and emotion and it is regrettable that in the UK less than 10% of family businesses make it beyond the third generation. Pitfalls and problems are many and varied but rarely unique, even though it may feel like that at the time.
Our specialist family business advisers have considerable experience in providing support beyond the realms of pure accountancy and tax planning.
Succession is the greatest challenge faced by family businesses. Planning is vital to ensure an effective succession process. It is not unusual for change within the family enterprise to potentially cause conflict as families tend to be inward looking and can be threatened by that change. Our experienced advisors understand these issues and aim to assist clients from start to finish by providing experienced support through disputes and crises to help clients overcome the emotional conflicts and achieve a positive outcome.
Successful communication and planning is usually key to avoiding conflicts and the involvement of a third party such as Ritson Smith can often be crucial in providing impartial guidance.
The not-for-profit sector brings its own challenges - primarily related to the increasingly regulated areas of accounts preparation and reporting requirements.
The regulations that govern charities have radically changed in recent years and Ritson Smith has continued to enhance our expertise to ensure we continue to assist our clients meet their obligations under the current reporting requirements.
Clubs and associations similarly operate under particular rules and Ritson Smith can provide appropriate solutions to your accounting and reporting obligations whether you are a members' club, an unincorporated association or any other group.
Ritson Smith’s busy audit and accounts department performs a wide range of services for clients in virtually every business sector, ranging in size from sole traders to large limited companies with international connections.
At Ritson Smith we try to make the audit process as painless as possible. Our staff are experienced in dealing with a wide variety of clients and systems and will tailor the testing to minimise the disruption to your working day.
Ritson Smith's tax specialists not only help you avoid tax penalties, but also draw up detailed plans to ensure you can gain the maximum legitimate benefits from all current sources of tax relief.
Our highly experienced team of corporate finance professionals works not only with client companies and personal investors but also with banks, venture capitalists, financial institutions, management teams and non-client businesses.
Whatever the challenges, Ritson Smith's highly experienced specialist Business Recovery team, headed up by partner Ewen Alexander, is trained to seek out innovative and practical solutions for under-performing businesses.
Our litigation support team, led by Niall Farquharson an accredited expert witness, has worked with the legal profession to provide expert opinions across a wide range of issues.
We can provide a partial or full outsourcing service which is tailored to your needs and can provide you with reliable, up to date management information on which effective business decisions can be made.
RS Payroll is a BACS registered bureau service for the outsourcing of your payroll processing