Our Specialist Sectors
International

Unprecedented opportunities for growth are being created by today’s rapidly changing, global marketplace.

Whether you are an overseas organisation thinking of taking advantage of the UK’s favourable business environment and setting up here, or a UK business considering expanding your operations abroad, you will need expert advice and support to help you make a success of this important project.

Expanding Overseas Operations into the UK

The UK is an important market, and one of the largest global economies. Its business environment is regarded as not only one of the most attractive in the world, but also one of the most competitive. If you are considering the UK as a possible location for your business expansion, you need to get it right.
Ellacotts has been providing financial expertise and business consultancy to companies in many different markets and industries, both at home and abroad, for more than fifty years. Many of the companies we advise use our address as their registered offices.

We can help you with:
  • Advice on the most appropriate business entity
  • Company formation and registration
  • Setting up a registered office in the UK
  • Finding potential partners, suppliers, distributors and competitors
  • Raising finance
  • Planning to minimise tax liabilities
  • Registering for and minimising VAT and duty costs
  • Preparation of Statutory Accounts and audit.

Expanding UK Operations Abroad

As a UK business you undoubtedly know your home market inside out. Operating in another country, however, poses a whole host of new challenges. How do you go about setting up the company? What are the taxation and legal requirements? Are grants available? Where should you locate your new business? These are some of the questions Ellacotts can help you answer.

We can help you with:
  • Local business environments
  • Local politics and customs
  • The best business locations
  • Finance, grants and incentives available
  • Taxation and tax-efficient business structures
  • Industrial and commercial restrictions
  • Auditing and accounting requirements
  • Making contact with useful third parties

Outsourcing Bookkeeping, Management Accounting & Payroll Service

For many subsidiaries of international groups, having an in-house accounts team is often not the best fit for the business model in the UK.  We act for a large number of international subsidiaries where the whole of the finance function is outsourced to us.  This includes maintenance of the core ledgers and accounts system, preparation of VAT returns and Intrastat, preparation of management accounts and group reporting.  We also offer a full payroll bureau service.   By outsourcing these services you would benefit from an experienced team, delivering a quality service at a competitive price, which can often be much less costly then employing your own staff.

Read more about outsourcing.

IAPA & UK200 – Our National & International Reach

Ellacotts is a member of the UK200Group which consists of 110 independent member firms of accountants and lawyers covering the whole of the UK.  Membership  of  the  Group  is  controlled  by  strict  quality  control procedures with all member firms submitting to an annual external review of  their  audit  and  taxation  files  by  accredited  professionals  to  ensure adherence to strict professional standards. The UK 200 Group provides a nationwide network for training and shared services to rival that of the medium and large accountancy practices.

David Stevens is Chairman of the UK200 group International Panel and ensures that we have access to wider experience, resources and information relating to international business opportunities.

Ellacotts are also part of an international association of accountants called IAPA. David Stevens is actively involved and serves on the membership committee. IAPA is a global association of  independent accountancy and business advisory firms who provide accounting, audit, tax advisory and other professional services. The group is a Top 10 association with combined annual fees of over $1bn, with over 220 member firms with offices in 60 countries. Admission to IAPA is subject to rigorous eligibility criteria and in joining the association every member firm commits to maintaining IAPA’s high standards of professionalism and integrity. All IAPA members are chosen to ensure that their services are tailored towards substantial owner managed businesses.
 
This association gives us access to accountants and other professionals across the world and can enable a ‘one stop shop’ whereby we can, for example, arrange for an overseas subsidiary and manage the ongoing services provided locally.


 
We would love to hear from you!
Book a free meeting with us today.
David Stevens
Managing Partner and Corporate Services Partner
Charlotte Houghton
Partner

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