Our close working relationships are at the heart of our service
Accounts and Outsourcing team advised husband and wife architects on how to transition their business into property development.
Our client had confidence that their needs were being met precisely and comprehensively, resulting in the UK subsidiary being fully operational without being held up by compliance matters.
Outcome
The team provided full-service support during the set-up period, to ensure the company was up and running as quickly as possible. The team delivered proactive, compliance advice to plug the knowledge gap and ensured all matters were taken care of in advance of requirements, to safeguard our client before transaction volumes increased.
The team also offered to have a Spanish speaking member of staff attend meetings where translation assistance was required.
Solution
Our client was looking for advice and guidance on how to set up business operations for the first time in the UK.
Advice included:
Issue
Our client is a Spanish-based, remote-working software solutions group.
The Accounts, Outsourcing, VAT and HR Advisory team supported a software company set up their business operations for the first time in the UK.
Our client trusted that their finance function was under control and running smoothly and benefitted from our cross-service line, unbiased advice.
Outcome
Our team supported our client with their accounting and tax compliance needs, ensuring our team met strict monthly reporting deadlines and ensuring the year-end accounts and tax were prepared to meet the group reporting schedule.
We provided a flexible outsourced solution, allowing the client to avoid the need for permanent staff and all the inherent costs of managing staff in a foreign location.
We also provided a responsive service for ad-hoc requests and a comprehensive onboarding process to ensure the service ran smoothly from the moment of initial handover.
Solution
Our client was looking to outsource its finance function in the UK, to meet all their bookkeeping, management reporting, accounting and tax compliance needs for the UK battery facility. Our client also wanted specialist tax advice as required.
Issue
Our client is an Italian listed, multi-national energy company investing in a battery facility to support the UK National Grid.
A global energy company outsourced its finance function for their UK subsidiary to our Accounts and Outsourcing team.
As our client’s business became more complex, the team were able to provide an independent overview and act as a sounding board for business decisions.
Outcome
Our team provided our client with a holistic service, incorporating personal and corporate aspects of taxation to best optimise their situation. This multiservice approach meant we were able to provide a one-stop shop for advice to our client.
Solution
Existing personal tax clients initially sought advice in relation to corporate structure for property development and needed assistance with year-end compliance. This developed into the team managing all accounting and taxation compliance work for the property development SPVs and our clients’ architecture business.
Issue
Husband and wife architects planning a business transition into property development.
The team project managed the process and updated the company’s existing accounting system (Xero), ensuring the credit control was automated and more efficient.
Solution
The UK group outsourced our team to streamline and automate their credit control system.
Issue
A UK based company, part of a leading global network of competitive and market intelligence solutions.
Credit control for a global, information, technology and consulting services company.
The walk-through prototype developed remains at the heart of Crowe’s assignment seven years on. Regular briefings to discuss unpaid balances previously took over an hour whereas, with our team in place, these briefings now take a couple minutes. Thanks to the simple streamlining solution, the month-end balance of outstanding contributions has reduced from over $400,000 to ~$80,000 (pre-pandemic).
Outcome
The team provided accounts receivable function support, offering a logical solution by building a walk-through prototype for our clients Rewards team. The prototype was designed to ensure the controls and data integration was seamless.
Solution
Our client wanted to ensure it was coordinating and managing the collection of monthly retirement plan contributions from its 200+ participating hotels worldwide.
Issue
Our client is a US based, international hotel chain running a Field Retirement Plan for senior executives in the US and worldwide.
The Business Solutions and Outsourcing team helped an international hotel chain improve their collection service.
setting up a UK bank account, including introductions
tax registrations and EORI
employing staff in the UK, including contract template
ad hoc tax advice.
The invoicing / credit control process became professional and less time consuming, meaning our client could focus on other operations, while our team focused on improving the company’s cashflow.
Outcome
The company was also looking to outsource its, bookkeeping, management reporting, accounting and tax compliance.
Client feedback
“Crowe took a highly tedious, resource-heavy, and error-prone task and developed a professional, creative, turn-key solution that allowed our team to shift our focus to efforts that would add value to the organisation. We are deeply appreciative of the partnership that has evolved and the continued level of care they have shown our colleagues around the world in supporting this program.”
"The credit control team at Crowe in Reading have exceeded our expectations. We have reached out on a number of occasions to instruct Crowe to support us with this work, in addition to the other services they supply to us on a regular basis.
We see the team at Crowe as a seamless, trustworthy, extension of our own team. Highly professional, always quick to respond and they get positive results swiftly. This of course in turn helps our business thrive, saving us valuable time - time that we can then use instead to focus on our clients and other priorities.
We would, without hesitation, instruct Crowe again in the future to reliably manage our sales ledger activities."
Client feedback
How we have helped our clients
Outsourcing the UK and European finance function meant our client could focus on key aspects of their operations and their growth ambitions.
Outcome
The team provided unbiased, proactive support to our client and guided them through each phase of their business objectives, from strategy to transition to operation. The team actively managed projects and provided day-to-day support with assistance from our global network and intermediaries.
Solution
Services required:
company structure strategy
day-to-day account and finance management
profit and loss planning
access to our network of agenciesset up of cloud-based software
European expansion planning
general UK compliance
Issue
Our client is part of a large corporate group structure and a subsidiary of a US Group. The company’s main operational activity is investment in gaming studios and development of games.
Video gaming group set up and back office support in the UK
Our client required guidance on how to successfully set up and operate a new entity in the UK.
The client was able to shut down its in-house finance department allowing them to significantly reduce overhead costs.
Their financial data is live and links to external sites such as, bank and supplier portals. Automated expense approvals allowing the client to stay on top of their costs on a regular basis.
Our client is now able to make informed, instantaneous financial decisions to improve their operations and focus on future investment and growth.
Outcome
The team conducted a review of the client’s in-house financial processes, from transactional processing, to payment runs and reporting factors. The team identified weaknesses and suggested improvements to help reduce time spent, increase accuracy and introduced a more efficient month-end and year-end reporting process.
Using cloud-based software, the team automated the client’s processes including, digitalising their billing and approval process and setup a dashboard for client to track progress on a real time basis.
Solution
The company was established in the 18th century and its back office and finance operations were manual and out-dated. They wanted to introduce significant efficiencies in their processes and reporting functions.
Issue
A traditional partnership specialising in commercial properties, lease advisory, investment, retail and rating.
A Commercial Real Estate and Chartered Surveyor business outsourced their accounts and finance function.
