ECOVIS / Wingrave Yeats

Business Advisors  Chartered Accountants  Registered Auditors

Inbound Internationals

Management Reporting for Inbound International Groups

We provide businesses entering the UK with timely financial management solutions to enable them to control operations and activities and to assist reporting to management and shareholders whilst ensuring UK statutory compliance. We can orchestrate European-wide solutions through the Ecovis Network.

We have extensive experience of reporting for UK based subsidiaries of multinationals: we report to management teams based in over 12 states in the US, 11 different countries in the Europe as well as the Far East and BRIC nations

Outsourcing and conflict work 

Where it is not sensible to maintain a full finance department, we provide a range of flexible and cost-effective outsourcing services. 

We also undertake work which our clients’ auditors may not perform due to independence considerations, or where there is accounting and compliance work that is more readily delivered by a firm with a lower charging structure such as ours.

Inward Investment Support Services

We offer:

  • Tax advisory and compliance (VAT, PAYE, Corporation Tax)
  • Payroll management
  • Statutory filing and corporate administrative compliance
  • help with regulatory issues such as FSA compliance
  • Start up advisory services including tax structure review, discussions on capital raising, IP review and tax treatment of key staff
  • Contact assistance to find offices, lawyers, bankers etc. Wingrave Yeats is a commercial partner of Think London, the Mayor of London’s office dealing with foreign direct investment. One of our partners also sits on the non-executive Board of Think London. We can provide a fast track to government networks, access to resource and intelligence, including opportunities at the 2012 Olympic Games.

Tax Services

  • Calculation of tax provisions and disclosures for statutory accounts
  • Liaison with your tax advisors and auditors
  • Cross border tax issues (corporate & personal) Including liaison with offshore advisors
  • Preparation of CT returns and comps for submission to HMRC using Alphatax software
  • Preparation of employer year end tax returns including P11Ds and share based returns
  • VAT returns

Client Testimonials

"We find we get a better targeted service, particularly from our Client Partner, than we received from our Big 4 Firm.
 Senior Vice President, FTSE 100/ S&P 500 travel business

 

"This is an excellent accounting firm to work with".
Senior Vice President, S&P 500 leisure and hotel business  

 

"Wingrave Yeats appreciates the particular issues facing smaller listed companies such as ourselves.  They have worked with us to improve our communication to shareholders by helping us combine regulatory requirements with clear reporting of our important messages. They quickly got to grips with our overseas operations and focussed on detailed planning across the group, resulting in a very smooth audit process at a much lower cost than we could ever achieve with a "Big 4" auditor. We know that we represent an important client for them, and this is reflected in their responsiveness and commitment."
CFO, FTSE technology group

 

"I now know why your letterhead says 'Best Firm of the Year.'  In fact, I think it should be 'of the decade'.  I am very pleased with the way you handled the transaction and look forward to working with you."
MD, FTSE 100 Group - Communications 

 

"Highly creative and forward thinking"
Judge, Accountancy Age Awards for Best Medium sized Firm

 

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Selection of Inbound Clients

 
 
 
 

 

 
 
 
 
 
   
 
 

 

Case Studies

Marriott European Holdings

We provide the full range of accounting and reporting services in the UK for this joint venture with Marriott, which has established operations in the UK, France and Germany.

 

We act as the conduit in facilitating the statutory audit process through the provision of audit schedules, to support the statutory group financial statements prepared by us. We are also on hand to resolve all queries arising and are the first point of contact to the audit team.

 

We provide the full range of payroll services including the transfer of salaries, and deal with all Inland Revenue and taxation queries.

 


Major German Investment Bank - commercial paper conduit

 

We provide the full range of accounting and reporting services and have developed robust management and reporting models to provide bespoke reporting packs for each entity on a monthly basis.

 

We provide the group auditors with a full set of audit packs that detail the background to all transactions arising, the makeup of all asset and liability balances for each entity, together with all other information they are likely to need in order to ensure a smooth audit process

 

We also provide the conduit team with an ongoing monitoring facility to ensure there are no erroneous bank movements or potentially costly overdraft positions. We are the first port of call in relation to all transactions undertaken and have earned a position of trust with the client such that they rely entirely on us to run their accounting process.  

London remains top choice

London remains top choice for growth for overseas investors.      70% of all inward investment in the UK capital driven by SME’s

Small and medium sized enterprises are continuing to drive new inward investment in London, having made up almost three quarters of all new business investment in the UK capital in 2009. According to recent figures released by Think London, the official foreign direct investment agency for London.

 

The number of overseas SME’s expanding their operations in London over the last 12 months has in part been facilitated by Think London’s ‘Touchdown London’ service. Offered in conjunction with serviced office provider Avanta, Touchdown London enables overseas companies to take advantage of up to 12 months free office space and facilities, along with the use of a dedicated advisor to support firms through the process of establishing a presence in the UK’s capital. 

Since the start of 2009 more than 35 new overseas businesses have benefitted from the Touchdown London offer and been able to set up operations in London. Early survey results from a sample of Touchdown London clients indicate “Cutting the time to market” and “Reducing the cost of initial market entry” as being two of the most important factors in their decision to try the Touchdown London initiative.

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