A Spanish S.L. opening in London
Two sets of books and two VAT systems. Now one monthly close for both entities, filed on time six quarters in a row.
Described with the client’s permission.
The challenge.
What the client came to us with.
A Madrid software company with forty staff won its first large British customer and needed a UK entity within two months. Its books were kept by a local gestoría, quarterly and in Spanish only.
What we did.
The work, in the order we did it.
One file for two companies
We set up a UK subsidiary, moved both entities to the same accounting software and agreed a single monthly close with one chart of accounts.
Two VAT systems, one calendar
Spanish IVA and UK VAT returns are prepared by the same team, with intercompany invoices checked before each quarter ends.
The outcome.
What changed for the client. We describe our work, not financial results.
Both entities now close by the tenth of each month. The board receives one consolidated report, and every return has been filed on time for six quarters in a row.
Who worked on it.
The advisers who led the work.
More cases.
Other clients, what they needed and what changed.
Refinancing a family hotel business
Three hotels, two banks and a loan coming due. A cash plan and a refinancing the banks approved.
Due diligence on a Valencia software company
A UK group buying a Spanish software company needed the numbers checked in four weeks.
A founder selling before moving to London
The sale and the move planned together, and the proceeds invested to a written policy.
Cases are described with our clients’ permission. They describe our work, not financial results.