REDUCING BUSINESS RISK
AUDIT AND ASSURANCE
Audit and assurance
Our experienced audit team is passionate about delivering high quality and efficient audit & assurance services to our clients.
We advise a diverse and ever-growing client base, providing a variety of assurance services that help businesses of all sizes to reduce their business risk and build for long term success.
Services we offer
We are registered with the Institute of Chartered Accountants in England and Wales to carry out audit work. Our services include: –
|
|
We also provide audit services to a number of regulated sectors, including: –
|
|
Our audit approach
- The client is at the absolute centre of everything we do, and our audits reflect this.
- We operate a partner-led service, and all clients have specific individual contacts within the team who strive to fully understand each unique business that they advise. Our ambition is to become a trusted advisor to all of our clients.
- We keep our audit teams consistent so that clients don’t have to answer the same questions every year.
- We tailor our work entirely to our client’s needs and requirements, and we deliver our services within set timetables that are agreed in advance.
- Utilising our secure, cloud-based portal, we strive to work as efficiently as possible throughout the audit process.
- We believe in always being available for our clients and we encourage frequent communication all year round. We never bill clients for ad hoc phone calls or emails.
How can an audit benefit your business
- Risk assessment – a key part of any audit is identifying the significant risks that a business faces and assessing how those risks can be mitigated. An audit offers an independent assessment of the risks facing your business and can offer recommendations to help mitigate them.
- Assess internal systems and controls – our audits provide a critical assessment of the systems and controls in place within your business. We review the processes currently in place and can identify opportunities to strengthen them.
- Independent verification of finances – a successful audit can add credibility to a business’ finances in the eyes of a third party, such as a lender or investor. This credibility can support the long-term growth plans of any business.
Transaction services - Financial due diligence
- We carry out Financial Due Diligence on behalf of acquirers, funders (banks and PE / VC funds) and management teams.
- Our team is very experienced and has worked with clients across a number of sectors, and on both sides of transactions.
- Our objective is to deliver the maximum value for our clients by identifying value drivers and by mitigating risks, which ultimately leads to successful and value enhancing transactions.
- Our approach is tailored to each specific engagement, but typically includes providing an understanding of: –
- the drivers behind an entity’s sustainable earnings;
- trend analysis and assessment of the quality of earnings;
- assessment of normalised working capital requirements;
- critical assessment of forecasts; and
- assessment of qualitative factors, such as a review of accounting systems & controls.
Related audit and assurance articles
Some of our completed assignments
Electrical & Mechanical contracting
Provision of financial & tax due diligence to London-based Shard Credit Partners, who funded the debt refinancing and shareholder reorganisation of Midwest Mechanical and Electrical Services Ltd.
Recruitment & training
Provision of financial due diligence to Tack TMI, part of Gi Group, on their acquisition of The Leadership Factory Limited.
Strategic Communications
Provision of financial due diligence support to ThinCats, who facilitated the acquisition of Brand Vista and Schwa by Definition Group.
Water Retail
Provision of financial due diligence to Perwyn Private Equity on their investment into Everflow Limited.
Cyber security
Provision of financial due diligence support to ThinCats, upon their term loan to facilitate the MBO of SentryBay Limited.
Manufacturing and distribution
Provision of financial modelling and financial and tax due diligence to Premier Roof Systems Limited on the acquisition of Classic Windows (NE) Limited.
Career consultancy and Outplacement services
Provision of financial and tax due diligence to Hanover Search Group, on its acquisition of a 50% shareholding in career consultancy and outplacement services business City CV Ltd.
Port Services
Provision of financial and tax due diligence to the incoming management team and London-based Shard Credit Partners, on the MBI of JST Services (Scotland) Ltd.
Smart Energy Technology
Provision of financial and tax due diligence services to Shard Credit Partners on its investment in the Management Buyout (MBO) of Chameleon Technology (UK) Ltd.
Manufacturing
Provision of financial and tax due diligence to London-based Shard Credit Partners, who funded the MBO of Alexander Technologies Europe Limited, from US-based PE house Woodside Capital Partners.
Manufacturing
Provision of financial and tax due diligence to CYBG plc, who funded the debt refinancing of sheet metal fabricators Hydram Engineering Ltd, part of the US-based Dynamic group of companies.
Manufacturing and e-commerce retail
Provision of financial and tax due diligence to Comhar Capital Limited, on its acquisition of a majority shareholding in manufacturer and e-commerce retailer business BGRP Limited.
Financial services
Provision of financial due diligence support to ThinCats, upon their term loan to facilitate the acquisition of HKA (FS) Ltd by G+E Wealth Management.
Fitness
Provision of financial due diligence support to ThinCats, upon their term loan to facilitate the MBO of Competition Line (UK) Limited trading as Lifestyle Fitness.
Disability services
Provision of financial modelling and financial and tax due diligence to e-Quality Solutions Group on the acquisition of Amano Technologies Limited.
