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Right chemistry sees audit and tax win

An expanding UK company at the forefront of technology in water analysis and colour measurement has appointed Smith & Williamson for audit and tax services.

Wiltshire-based The Tintometer® Group, which designs, manufactures and sells the Lovibond® range of testing equipment and reagents, selected the accountancy and investment management group in a competitive three-way pitch.

Innovative equipment developed by The Tintometer Ltd is used in the quality control of products in our everyday lives, from drinking water and swimming pools to oils, food, beverages, cosmetics, chemicals and plastics.

More than 80% of sales are exported internationally by the company, which employs 65 people locally at its headquarters at Solstice Park, Amesbury, near Salisbury.

From the South Coast office of Smith & Williamson in Southampton, Chris Appleton, audit partner, and Paul Duckworth, tax partner, along with audit manager Pete Ciesla and tax manager Ellen Shears, comprise the team working with the Group through its next growth phase.

The Tintometer Ltd's Managing Director, Chris Counsell, said: "We were impressed by Smith & Williamson's trusted adviser approach and we look forward to Chris Appleton and the team providing us with commercial insight and support as we grow the business across the globe.

"Smith & Williamson’s robust and commercial tax planning approach is also very welcome, given the increasing complexity of compliance regarding UK and international tax structuring." Smith & Williamson's Chris Appleton said: "This is very much a British success story. The Tintometer® Ltd is a high quality, dynamic firm with the expertise and technology, through impressive research and development, to grow the business in overseas markets.

"We will be providing a quality tax advisory and audit service to complement the Group’s expansion objectives, including support through fellow members of Nexia International, our world-wide international network which assists our clients in accessing and developing global markets."

Founded in 1885, The Tintometer Ltd traces its roots back to Joseph Lovibond, a brewery owner whose 'colorimeter' ensured the quality of beer. Colorimetry has now been central to the company’s business for over 127 years. In a separate development, the company has also recently acquired three acres of land at Solstice Park for a new 30,000 sq ft (2,787 sq m) headquarters.

Staff are currently occupying several independent units due to rapid expansion over the last two years, and the new headquarters will see them all brought under the one roof.

Chris Counsell added: "The new building will be ideal for the next generation of leading scientific and technical products which make water analysis and colour measurement not just simple to use but also dependable and reliable."

Disclaimer

By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

Smith & Williamson is the official sponsor for the National Business Awards’ search for the Entrepreneur of the Year in both 2013 and 2014.

Smith & Williamson LLP
Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. A member of Nexia International.

The word ‘partner’ is used to refer to a member of Smith & Williamson LLP.

Nexia Smith & Williamson Audit Limited
Registered to carry on audit work and regulated by the Institute of Chartered Accountants in England and Wales for a range of Investment business activities. A member of Nexia International.