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Date
26 June 2015

Mishcon Thinks: Explosive Growth: How do explosive growth companies contribute to the UK?

How do explosive growth companies contribute to the UK? Partner Kevin McCarthy explains the contribution made by explosive growth companies as well as the specific challenges and opportunities faced by this dynamic category of businesses.

Transcript

Mishcon Thinks: Explosive Growth: What is an explosive growth firm?

Michael Hayman MBE
Seven Hills

Are explosive growth companies important to the UK economy or are they part of the hype, the PR if you will about a certain business sector?

Kevin McCarthy
Partner, Mishcon de Reya

They are a bit of both actually.  They are caught up in the hype but they are extremely important in real terms.  They are companies which are at the centre of capturing much new employment, they are attracting you know, real energy to the UK.  They are the companies which are part of the growth which is going to pull the country out of the current financial crisis and really look to the future.

Michael Hayman MBE
Seven Hills

I mean when you observe these companies, I mean they are going through this level of growth, this level of change.  Do they have special conditions, special needs in terms of sort of advice that they need to receive?

Kevin McCarthy
Partner, Mishcon de Reya

Yes they do.  They exist in a particular area and therefore they are captured very often within regulations and tax schemes, or tax structures which really affect them so there are things such as the Immigration Regulations, the tax breaks which the Government makes available which are particularly important to them but again that’s not the entirety of it.  Because of the very fact that these companies are explosive growth companies, change and huge change coming upon them all the time and in a very dramatic way and therefore part of the challenge that they actually face is the landscape in which they inhabit means that huge new things are happening to them all the time.

Michael Hayman MBE
Seven Hills

Right so they have to learn a lot in a very short period?

Kevin McCarthy
Partner, Mishcon de Reya

They actually have to learn more than they can learn in a very short space of time and of course that’s where the advisory network which they bring with them is there to help.

Michael Hayman MBE
Seven Hills

Right.

Kevin McCarthy
Partner, Mishcon de Reya

Their advisors have seen the road A to Z in the way that perhaps they haven’t and therefore can help plan them for the future of what that growth looks like.

Mishcon de Reya