Reorganising businesses into Solar Communications Group.

Sector: Technology

Solar Communications Limited (Solar) is a telecommunications management provider which delivers integrated voice, data, IM, video and mobility solutions for corporate users.

Established in 1989, Solar was acquired by entrepreneur and chief executive Mark Colquhoun in 2007.

It is now the fourth fastest growing telecoms company in the UK and has won international awards for the quality of its service.

The Challenges

Before acquiring Solar, Mark had already sold a successful telecommunications business and set up his second, Drumbeat Communications. Like any owner-managed business, Drumbeat's ultimate goal was to be a market leader; however, prior to Target's appointment the company had reached a size whereby growth to the next level was difficult to achieve without further investment, changes in structure and strategic acquisitions.

What we did

Our initial brief was to advise Drumbeat on its future growth plans. After mapping out the business strategy with Mark, we undertook a financial due diligence exercise on Solar, which was the company's first acquisition. This involved keeping a close eye on the tax position of Drumbeat and its shareholders to ensure the best value was achieved.

Following the acquisition, Target supported the reorganisation of the businesses into the Solar Communications group. Our team has since worked with Solar to provide audit and compliance services, strategic business advice and other advisory work on an ongoing basis.

  • Statutory audit and tax compliance work.
  • Corporate due diligence and structuring advice to assist with the group's reorganisation.
  • Full systems review of the Group's finance function.
  • Appointment of an interim Finance Director.
  • Personal tax planning advice.

"Target's approach has been a breath of fresh air, with timely and proactive advice received whenever needed, together with a genuine interest in our business and objectives."

Interesting facts

  • 1989

    The year Solar Communications was established

  • 2007

    The year Solar was acquired by Mark Colquhoun.

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