Like many industries, the Irish motor retail industry is facing a challenging year in 2021 due to the weakened consumer sentiment.
Grant Thornton’s motor retail practice is a sector-specific team delivering bespoke advisory solutions by leveraging the firms’ full range of services and our deep sector expertise.
The implications of continued demand softness and uncertainty of how long it may last points to a heightened need to manage cash flow carefully and potentially review the business’ strategy.
Why Grant Thornton
Experience - Our team has over 20 years’ experience in the motor retail industry in Ireland across multiple service lines and is recognised as a leading provider of advisory, tax, and assurance services to businesses in the sector.
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Integrated service offering - Our motor sector team focus on providing integrated solutions across corporate finance, tax, and consulting that preserve and enhance value for stakeholders.
International reach - Being part of Grant Thornton International, we have a network of automotive advisors to call upon in every corner of the world which benefits specific services such as M&A with contacts in the automotive industry across all major markets.
Industry thought leadership - At Grant Thornton we are a committed supporter of the Irish motor retail industry and actively contribute to the Society of the Irish Motor Industry (SIMI) magazine, helping us keep a pulse on the latest market trends.
There are multiple avenues to explore in preserving and enhancing shareholder value. Whatever stage your business is at we can help to explore your options and navigate the uncertainties that face the motor retail sector. These services:
- Strategic options reviews;
- Advice on acquisitions/disposals of businesses and/or specific assets;
- Business and performance improvement reviews;
- Financial modelling and cash flow forecasting;
- Business and share valuations;
- Due diligence work;
- Capital restructuring; and
- Corporate and personal tax planning.
To learn more about our Motor Retail services please contact Michael Neary, Head of Motor Retail.