Wagtech Projects Ltd

When the Baghdad Water Authority needed to train laboratory technicians in water quality testing procedures, they approached a Berkshire company that had already provided mobile testing laboratories and training for Iraqi civil engineers in highway construction.

This was just another "normal" contract for Wagtech Projects, one of the UK's largest manufacturers and suppliers of scientific instruments for use in water and environmental testing. With offices in the Far East, India, South America, Central Asia, Africa and the Middle East and distributors in 90 countries, Wagtech is one of our fastest-growing, independent global companies.

When the company started in the 1990s, the whole accounting operation was handled by a one-man firm, but when the current managing director, Neil Durham, took the helm he realised the growing business needed a more established accountancy practice to work alongside him. "I looked at the top five firms and realised we'd just be small fry to them, but still be paying substantial fees. Then a colleague recommended Rothmans and I found an outfit that could handle not only the day-to-day financial operations but also give sound business advice in our very complex organisation."

Headed by partner Sue Sullivan, the team at the Rothmans Salisbury office handles statutory accountancy services, but also work with Neil Durham on finding the most efficient tax planning solutions to a range of both corporate and personal financial situations.

"I've worked with Neil on some very complex funding mechanisms with World Bank and EU projects," explains Sue Sullivan. "We've handled some interesting tax relief issues around R&D, looked at ways of reducing Capital Gains Tax liability, helped him win major DTI funding and even found a good financial director for the company."

For Wagtech, as with any business, containing costs is crucial and Neil is confident that the advice from the Rothmans team has helped him make considerable savings. "I can also pick up the phone at any time, speak to someone and get an immediate answer," comments Neil. "That's important for any business, but even more so for me as I spend so much of my time travelling to our overseas offices."

I can also pick up the phone at any time, speak to someone and get an immediate answer

Neil Durham, Managing Director, Wagtech Projects Ltd

Dealt with by:

Services covered: