MOMN083H7: Accounting & Finance Coursework Company - Accounting and Finance Assignment Help

Assignment Task:

TASK:

Background

Ryan Gordon Gas & Chemicals Plc with its operations base in Dundee, Scotland, has been producing petro-chemicals for use in the agricultural sector since 1957. Over the last 60 years, it has metamorphosed from a small business that produces mainly fertilizers for local farmers, to an international and diversified publicly listed company. Consistently since 2010, over 70% of annual sales have been derived from customers based outside of the UK, with majority of them domiciled in Western Europe (all of whom are members of the European Union). RGGC Plc is largely financially stable, as the directors have a policy of retaining a sizeable proportion of profits made for reinvestment in new exploration and product development technologies. The shareholding structure has remained unchanged since 2009. 20% of the equity shares are held by RG Trust Ltd on behalf of the Estate of Lord Ryan Gordon, who pioneered the business with his wife and children; institutional investors such as the Abu Dhabi Investment Authority, China Investment Corporation, Australia Government Fund, and the Norwegian Fund collectively own 30% of the equity shares; various UK pension funds own 25%; the rest are owned by various investment trusts, and UK based individual investors.

Recent Issues

Before 2008, over 70% of the company’s sales revenue were derived from UK based customers. However, the economic recession provided an opportunity for foreign investors to buy 30% of the equity shares in the company through a private placement with Barclays Stockbrokers Ltd. The deal was successful largely due to the pound sterling which plummeted during the recession, and the long-term prosperity prospects of the gas and chemical company based on the cash-flow projections. A newly reconstituted board of directors post-2009 focused on the EU market, and it has been a highly successful venture. Between 2011 and 2015, sales had increased in excess of 130% and the net profit after tax has almost doubled. Share price has also quadrupled, signifying a burgeoning level of confidence in the management of RGGC plc.

This Accounting Assignment has been solved by our Accounting experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.