HOW MIGHT THESE SERVICES APPLY TO ME?

Flexible and tailored to suit you

CASE STUDY 1 

A PRIVATE EQUITY FIRM REQUIRING EFFICIENT, ACCURATE INFORMATION WITHIN A TIGHT DEADLINE

In May 2008, we were approached by a private equity firm based in the West End to provide an off-site bookkeeping solution. The firm had traditionally employed in- house resources, but felt their requirements would be better managed by specialists.

By outsourcing this service they were able to significantly reduce their monthly overheads and feel assured that it was professionally managed by an experienced team. A key concern for the client was that they would lose direct control of their records. We overcame this by providing them with secure online access to their books on our server, and by emailing them each month with a back-up of their records.

SERVICES PROVIDED: 

  • Performing bank reconciliations, processing purchase invoices and expense claim forms.
  • Monthly management accounts and KPI accounts.
  • Maintenance of books and records.
  • Purchase ledger management including supplier statement reconciliations and the set-up of payments for authorization in on-line banking.
  • Sales invoice generation.
  • Payroll services.
  • Preparation of VAT returns.
  • Preparation of annual accounts for group Limited Liability Partnerships and Limited Companies.
  • Migration from the in-house accounting software onto Sage 50.
  • Assistance with the restructuring of the management accounts format.
  • Liaison with auditors
  • Company secretarial services.

THE KEY TO SUCCESS:

Careful planning and early identification of the issues Proactive communication with the client.

CASE STUDY 2

A START UP WITH BIG PLANS

The client came to us in early 2013 with a plan for a new business. He had a well- developed business plan, interested investors and a route to market.

IN ADDITION TO THE SERVICES LISTED IN CASE STUDY 1, WE:

  • Assisted in the appointment of the in-house Financial Controller that replaced us, including the interview of potential candidates.
  • Ensured that there was a smooth transition.

KEY TO SUCCESS:

  • Able to grow with the client
  • Approachable about all issues, including succession planning.

This client joined us in 2006. When he came to us, his limited company accounts were two years behind, as were his personal tax returns. We threw resources at the problem and had everything straightened out within a month. Our fees were also lower than those our predecessor. Better financial control was a factor in this business growing. The company is became VAT registered and records were maintained on bookkeeping software in our offices. We prepared the VAT returns for the company, and submitted them online on their behalf. With good records maintained in our offices, the year-end accounts and Corporation Tax Return were completed with very little input from the client in an organized and controlled way. We had been able to structure the owner’s drawings from the business such that he is yet to pay personal tax. 
 

CASE STUDY 3

A LOCAL OWNER MANAGED BUSINESS WITH NO STAFF AND A NEED FOR BETTER CONTROL

The client joined us in 2006. When he came to us, his limited company accounts were two years behind, as were his personal tax returns. We threw resources at the problem and had everything straightened out within a month.

Better financial control has been a factor in this business growing. The company is now VAT registered and records are maintained with bookkeeping software in our offices.

We have quarterly contact with the client, when he forwards the information required for the VAT Return. We prepare the VAT returns for him, and submit them online on his behalf.

With the bookkeeping records maintained at our offices, the year-end accounts and Corporation Tax Return are completed with very little input from the client.

Finally, we advise the owner on the timing of drawings from his business so that he is able to minimise his personal tax liability.

"Haggards Crowther provide more than just an accountancy service - they understand our business, keep us fully informed and also supply ideas about how we can improve".

MR D