Gardiner Fosh - Local Accountants & Business Advisors - Worcester

As local accountants, Gardiner Fosh offer a full range of advice, accountancy and taxation services to individuals and businesses both local to Worcester and across the UK. Contact us about any of these services to find out how we can help:

Periodic Accounts
All businesses need to prepare accounts – from the individual tradesman to the more complex limited company. We try to fashion an accounting process which is appropriate to the needs of each business and to the expertise available. Where the client does not have the resource or the expertise we can take on the whole process and this is often appropriate to the smaller client.

The level of detail and frequency of accounts will reflect the nature of each business. A young growing business will benefit from regular management accounts which provide feed back to management on financial performance against business plans. A mature stable business may require less frequent accounts but nonetheless should maintain a cost effective and reliable accounting system.

Timely accounts can spark constructive dialogue with your accountant such that opportunities are not squandered and dangers are averted. The range of business experience in our office means that discussions with clients regularly stray outside the fields of accountancy and taxation. We have considerable experience in the fields of construction, manufacturing, engineering, property development, retailing, and professional services. Top

Cash Flow, Budgets and Profit Projections
These are serious business tools which can contribute substantially to averting financial problems, securing necessary financial resource, or capitalising on a business opportunity.

We do not regard these tools as simple mathematical exercises and are regularly surprised by the extent to which they illustrate business owners who fully understand their operating processes but have very limited appreciation of the financial processes driven by, or dependent on, those processes.

We deal with the technical aspects of these tools and ensure that information which flows from them is communicated and explained in plain English. This allows business owners to develop plans and strategies for the future that can deliver real benefits. Top

Audit and Assurance
Independent assurance of the reliability of financial accounts or other operating statements can provide considerable benefit to executive management, stakeholders and many others who seek to minimise commercial and compliance risk.

Assurance can take the form of a statutory audit for limited companies, where it is a requirement of the Companies Act or the shareholders, or for pension schemes, solicitors, estate agents, FSA regulated clients or other regulated entities. A non statutory audit can also have great advantage for non regulated entities; for example small limited companies with good growth prospects which are seeking to rely on substantial borrowings to finance their development.

We firmly believe that audit and assurance can be a value added tool for management and business development. Top

Personal Taxation and Business Taxation
We strive to offer a personal tax service which gives the client re-assurance that their taxation obligations are properly declared, in a timely fashion, and also that maximum possible notice is given of tax liabilities or opportunity for repayments. We attend regular technical training courses to stay abreast of legislative changes and maintain advanced software to track all aspects of client taxation affairs.

Where personal taxation flows mainly from business activities we treat the taxation as part of the accounting process. This ensures that relevant information is identified and extracted at the time of accounts production thereby maximising the opportunity for any tax advantage and minimising the risk of mis - declaration. We would normally expect to arrange a pre year end meeting with business clients to ensure that any possible benefits are maximised. We do NOT however, let the tax tail wag the dog.

Where clients become involved in more unusual or complex taxation matters we have contact with tax experts whose expertise and experience is provided through our office.

Relatively routine taxation matters can be dealt with on the basis of a fixed fee agreed in advance. Top

Business Development and Business Disposal
Most business owners have aspirations based on their commercial acumen and expertise. These strengths can soon be weakened as the growing pressures of compliance and accountability take their toll and clear forward vision is blurred by conflicting information on an uncertain current position.

Developing a successful business is not a skill picked up from a text book; nor is it a simple means of combining the right ingredients. It requires the right personalities and expertise to link with ideas and commercial opportunities that demand commitment of resource from financiers, landlords, local authorities et al. We will not always have either the personality or the skill sets to meet the challenges of a particular business but we believe we are more capable than most.

In the last 6 years Gardiner Fosh has seen some £25 million realised by business owners with whom we have been involved for a considerable time. We believe, as do our clients, that our role was significant in both the creation and the realisation of that wealth. These deals were almost entirely in cash and ranged from hundreds of thousands to several million encompassing businesses as diverse as ecommerce software to precision engineering and restaurants to financial futures. The structures varied from straight purchase by UK listed companies and individuals, through to MBO’s and MBI’s. We were closely involved in structuring the businesses, preparing them for sale, negotiating the terms and working with appropriate legal advisers to conclude the deals. An attention to taxation implications throughout also resulted in very low exit tax rates

In addition to the gross value of the share and asset realisations, these business owners benefited from substantial pensions built up mainly in SSAS’s where benefits had been accrued to them and other close family members.

Our role in helping the development of client businesses has generally been in addition to our role as accountant and/or auditor – but not exclusively so. We are happy to work with other finance/accounting professionals and indeed enjoy such opportunities. Any preliminary meetings and discussions are without obligation and completely confidential. We are pleased to provide professional and client contact for any prospective client to seek confirmation of our claimed successes. Top

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