Financial Reporting & Head Office Support
Efficient production of accurate, usable financial information requires a significant level of expertise and time investment.
Effective financial reporting is key to business success and compliance with regulatory authorities. Navigating through this can be especially challenging for smaller firms who are unable to dedicate the required resource to properly record, understand and present high quality financial data.
Outsourcing some or all of your financial reporting needs is an efficient and cost-effective option for many businesses. Our experienced team of accounting experts provide a comprehensive range of services to UK regulated and hosted entities including hedge fund, private equity, real estate managers, corporate finance businesses and broker dealers.
Monthly or quarterly provision of significant financial data.
Regulated firms require strong financial control and must monitor their regulatory capital requirement at all times. Regular management accounts, which we produce for you, are a central part of this process. As well as meeting your regulatory responsibilities, accurate and up-to-date records provide the information you need to manage your business effectively. Alongside these and using the information from the management accounts, our expert team of accountants prepare your ongoing regulatory capital calculations in accordance with relevant rules, to ensure you are meeting obligations under your regulatory authority such as the FCA.
Preparation of varied ad-hoc modelling projects.
Sometimes, whether as part of an FCA application, ICAAP or funding requests a financial model is needed to demonstrate financial viability and prudential compliance over a forward-looking horizon. Our team of experts can assist you in this process helping you foresee future capital and liquidity needs.
Accounting and bookkeeping
Ongoing maintenance of company accounts and transaction processing.
Underlying financial records need to be accurate and timely in order to support your business and produce management information. Our management accounts service mentioned above also includes outsourcing all your day-to-day accountancy tasks such as bookkeeping. We utilise a cloud-based accounting system giving you the functionality of being able to view your records when you need.
Compiling and submitting monthly or quarterly returns in accordance with HMRC rules.
We provide a full range of services related to VAT, from handling your registration application to compiling and submitting monthly or quarterly returns. We also provide ongoing advice and support for issues as they arise, such as routine HMRC inspections. Depending on your activities you may have a more complex VAT situation and we have the experience and expertise to find solutions that are appropriate for you.
Statutory accounts preparation
Compilation of annual accounts for submission to the regulators.
You have a statutory requirement to provide year-end accounts of all UK entities to Companies House and undergo an audit. By outsourcing the preparation of your annual financial statements to us, our team of accountants can ensure disclosure requirements and applicable GAAP are incorporated correctly into the financial statements aligned with common practice for the investment industry.
Periodic payroll for your staff including HMRC PAYE & NI compliance and digital payslips.
We have the experienced staff, systems and controls to manage your payroll efficiently in line with your company and HMRC requirements. As your agent, we can have access to your employees’ PAYE codes to ensure the correct deductions for tax and National Insurance are made as well as any benefits such as pension and healthcare schemes. Information to HMRC is submitted using payroll software which submits information in real time (RTI). We also complete annual reporting to HMRC such as P11Ds for each employee. We can also offer BACS facilities to pay your employees for you and provide a platform for electronic payslips through a trusted third party.
Audit liaison & support
We will work directly with your auditors to ensure an efficient and timely submission of your year-end accounts.
One of the most time-consuming tasks during an audit is ensuring that the audit team have the necessary back up documentation and schedules to perform the audit correctly and efficiently. We can assist and alleviate this burden by being the point of contact with the auditors and provide this information, allowing you to concentrate on your business.
Support with employee contracts, company handbooks, standard forms and ad-hoc queries.
Our specialist HR consultants support you and your business and can offer a tailored service to ensure that you are, and remain, legally compliant by keeping you up to date with changing HR regulations, but also to assist you on day to day functions.
Our service can be one off or continuous and includes
- Templated or bespoke offer letters, employment agreements, standard forms etc.
- The production of an employee handbook, tailored to your specific business needs
- Assistance with designing and or a review of your current policies and procedures
- Help with redundancy, termination of employment and dismissal procedures
- Ad hoc advice as and when you require it.
Budgeting & cashflow monitoring
Ongoing review and reporting on key financial positions.
As a regulated firm, it is important to conduct analysis of year-to-date and forecasted information to ensure that you keep on top of capital adequacy and liquidity. We can assist you in this process and provide early warnings and practical advice when we believe action is necessary.
Registered office / Company secretarial support
Corporate Governance is an important requirement of authorised firms.
We can be your registered office, manage filings with Companies House, maintain the official records of each of your corporate entities and support your company secretarial requirements.