News

Smith & Williamson appointed by Vectis Ventures

  • Written By: Andrew Edmonds
  • Published: Fri, 14 Sep 2018 08:52 GMT

Vectis Ventures, the company behind Blackgang Chine and Robin Hill Country Park, has appointed us as part of its expansion strategy.

Vectis Ventures Smith Williamson 1920

Based in the IOW and founded in1843, Vectis Ventures has enlisted the audit and tax services of the Southampton office of Smith & Williamson.

Andrew Edmonds, managing partner from the Southampton practice of Smith & Williamson, leads the work.

Andrew said: "Vectis Ventures were looking for a firm with a strong reputation acting for family owned businesses and providing solutions to help them with their next phase of growth, particularly as they look to expand rapidly over the next few years.”

Rob Holgate, Managing Director of Vectis Ventures, said: “Smith & Williamson are the kind of forward thinking firm who can expose us to a wider professional and relationship network that will add value to our relationship with them as our auditors. Having met the senior team at Smith & Williamson we were very impressed with their approach and felt they could help us where we are now and as we grow.”

Rob continued “We are looking to expand our island based activities over the medium term including moving to a year round operation. This will involve significant investment (£30m) over the next few years, having a firm such as Smith & Williamson who can help us maximise this investment by assisting us in the capital raising and ensuring our systems are robust to meet this challenge was essential for us.”

Background

Vectis Ventures Limited is the parent company of two large tourist attractions situated on the Isle of Wight, offering a range of exciting activities and memorable experiences for all.

Blackgang Chine is set on the cliff tops near Ventnor on the Isle of Wight. With stunning sea-views, and filled with an eclectic mix of attractions, magical theme worlds and exciting rides, you’ll find something for all the family at Blackgang Chine.

Blackgang Chine was founded by Alexander Dabell in 1843 when all that stood was the Chine itself, a spectacular gorge that cut some 500 foot deep into the cliff face. The Victorians travelled from far and wide to experience its breathtaking views – even Queen Victoria visited in 1853. The park’s very first ‘attraction’ was the skeleton of a whale which had been washed up onto the beach – and is still on display at Blackgang Chine today. Blackgang Chine celebrates it 175 anniversary this year.

Robin Hill country Park in Newport in the Isle of Wight is set in 88 acres of beautiful countryside and is a destination for visitors of all ages looking for outdoor fun, adventure and great family experience. With some incredible day and night time experiences to be found throughout the season

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 publication.

Notes to editors
Smith & Williamson is an independently owned professional and financial services group with over 1,700 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-to-large corporates. The group has twelve offices; these are in London, Belfast, Birmingham, Bristol, Cheltenham, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton.

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 in the UK and Ireland and regulated by the Institute of Chartered Accountants in England and Wales for a range of Investment business activities. A member of Nexia International

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