“We have benefitted from Cooper Parry’s ability to understand their client’s business from grass roots to top table level and they have adopted their audit processes to our private label manufacturing business well. They forge strong working relationships, wherever possible retaining key CP personnel on an annual basis with their consistent approach which really differentiates CP from the “Big 4” competition. As a result they have become a strong fit for 2K. They have a constant forward-looking “how can we help that client save ‘x’ or grow ‘y’ outlook” and the innovation and growth of CP is a role model and inspiring success story to date”.
Neil Westmoreland
Head of Finance | 2K Polymer Systems Ltd
2K Polymer Systems Ltd is part of the Berkshire Hathaway global empire and a leading exclusive private label manufacturer of two component polymer products for anchoring, bonding, and repair applications. Their core product offerings are an extensive range of high-performance, chemical anchoring systems for the construction industry and DIY markets around the world. R&D, product development/certifications and new innovative product solutions, combined with future investment in machinery, production capacity and key personnel are at the hub of its central values and future growth operations.
“Whilst our business sits within an incredibly established sector, the requirements and regulations that surround our entities around the globe can be both complex and continually developing.
The importance of a dedicated advisor who not only understands us holistically but has presence or expertise at domestic levels is critical. It means we can benefit from the certainty that all levels of advice offered are considered from the individual entity through to any effects on the group as a whole. Cooper Parry offer advice and relay information to our executive team in a manner that simplifies any intricacies and presents clear options on which to act for a very wide and diverse range of subjects. This includes, but is by no means limited to, audit sign off, transfer pricing, tax advice, R&D and group consolidation reporting.
Having established the relationship back in the early 2000’s, our businesses have grown in conjunction with one another offering each of us the comfort that we are for sure, doing things correctly”.
Gary Blakemore
CFO MMD GPHC LTD
The MMD (Mining Machinery Developments) group of companies was formed in 1978 by Alan Potts and today carries out design, manufacture, supply, installation, repair and servicing of mineral sizing and mining machinery around the globe. The company has grown organically from a singular original UK manufacturing plant to 19 companies around the globe, employing over 600 people. Their mission is to incorporate the greenest and most sustainable methodologies to the sector along with continual innovative client solutions. Keeping their reputation flourishing and at the forefront of the industry.
“We started working with Cooper Parry in 2020 as we felt the team would be able to play a key part in our growth plans. However, unexpectedly we had the opportunity to sell our business which was certainly not part of our original long-term plans.
The guys at Cooper Parry were able to quickly respond to our changing needs and put a team in place that could cover all aspects of our disposal from due diligence, tax and finally planning for inheritance tax considerations. All professionals worked together seamlessly and the biggest compliment I could give is that it felt they were putting the same effort and attention to detail to the deal as if it were their own money at stake. You can’t underestimate the importance of this during an incredibly challenging time for us as business owners.
CP’s tax team were incredible. If their objective was to make tax look ‘sexy’ then sadly they failed. If their goal was to give well thought through and impartial advice whilst giving us peace of mind and reassurance then they certainly succeeded. We are incredibly grateful that they played such a central part in the transaction.”
Tony Pritchard
Former MD Childs Time Ltd
Childs Time provides childcare facilities for busy families with day nurseries in Nottingham and Derby. Tony and his partner, who together ran Childs Time, needed tax advice on separating the ownership of the associated properties from the business prior to receiving offers to buy their nursery business. Once an offer was on the table, they also needed tax advice on the sale.
A bit about our client
They’re a BCorp with a £30m turnover and a distributor of wholesale foods. They’re a bit different. They only deal in fine food for independent retailers.
TheIR challenge
The fast growth of our client meant they needed advisers who could be fleet of foot. Helping them scale up their finance operation. Bigger, more complex numbers needed to be interrogated on a regular basis. Historical discrepancies needed to be cleaned up.
How we helped
We worked very closely with this distribution company to provide a robust year-end function. Helping them tidy up historical issues. We’ve considered and advised on their financial landscape. Assisting with their first upcoming audit. Advising on their EMI scheme valuation.
IT COULD BE YOU
We understand the challenges posed by rapid growth. It’s great though there are buts. That first audit adds another level of worry. We get that you need advisers who respond quickly. Who are always on hand to answer the big and small questions.
A bit about our client
What excites us about this UK based advertising agency is that it’s an entrepreneurial and innovative business. Like CP they’re looking to rip up the rule book and bring something fresh to an under-served market.
TheIR challenge
Our client’s ambition is to give scale-up brands the chance to grow fast and punch above their weight through advertising. Scrapping months and months of meetings and overly inflated costs. They’ve committed to this proposition. Leading with the brand name that encapsulates that ethos. They’re the new kids on the block. Despite this doing exceptionally well already. That’s because they’re bringing something compelling and unique to their clients. And they’re delivering real results.
How we helped
We’ve helped our client build an Accounting and Finance function that works as part of this Ad agency’s growth ecosystem. It’s aligned to the company’s overall operation without restricting it in anyway. It’s helping them to maximise their potential.
We achieved this by paying special attention to the uniqueness of their business. Taking a personal approach to understanding this agency’s needs. We then worked closely with them to implement flexible, affordable Cloud Accounting technology.
By implementing robust systems and optimising the ecosystem, the team at the agency have access to reliable financial insights. On demand when they need it to aid in critical business decisions.
We worked closely with them to leverage Cloud Accounting technology in their finances. Enhancing operational performance so they can become even more competitive. Putting the system in place took away the need for time and resource previously used to manage finance. This resource was then re-allocated to core company activity while we took care of the finance requirements. We worked with them to design and implement a right-sized solution, including processes and control. Helping them easily overcome the typical bottlenecks and pain points that can hold a company back
IT COULD BE YOU
Setting up an effective finance function isn’t always easy. Ambitious growing companies need access to robust detailed management information. Decision making needs to be underpinned by the financials, giving confidence in your direction of travel.
A bit about our client
Our client is an international business in a niche sector. They specialise in financial crime intelligence. Helping their clients stay ahead of risks from money laundering, terrorist financing and sanction violations. They’ve recently expanded their operation into the UK from Northern Europe.
TheIR challenge
As they grow their presence in the UK our client wanted to work with an accounting firm familiar with the tech industry. That could help them navigate the UK business financial landscape as they grow. Making sure they stay on track with HMRC and Companies House requirements.
How we helped
We helped them set up their UK based finance function. Bringing our local knowledge and experience to support their team. Making sure their accounting and reporting arrangements provide monthly management reports to their parent company based overseas. As a company with operations in a number of countries our client needs to be able to communicate financial information across borders.
IT COULD BE YOU
Any overseas company looking to locate in the UK to grow their market share needs well placed advisers. Having the option of CP run your finance function until you’ve grown sufficiently to take it in house is a no-brainer.
A bit about our client
With over 25 years in the mobility retail sector our client is a UK based business made up of several companies. Like Cooper Parry they lead and succeed though their strong company ethos and core values.
Our client’s challenge
The success of the business recently attracted significant investment. Unsurprisingly this posed challenges for their financial landscape and management requirements. New requirements such as monthly reporting of consolidated results added to the time pressure on the finance team. The level of technical and expertise needed to deliver and maintain this critical business function wasn’t a core strength of the finance team. Given substantial changes taking place within the business it wasn’t the immediate internal focus for our client.
How we helped
During a period of significant change we were able to make sure all the boxes were ticked so they could deliver on their growth strategy. We’re providing the financial expertise needed to help them maximise their investment and grow. Our client can focus on their core products while we take away the worry of regular financial reporting
We’re helping them to operate more smoothly by focusing on their core strengths and market. We’ve been able to jointly identify inefficiencies and potential risks in their existing processes. We’re helping to them continuously resolve and improve.
We’re also helping them to explore areas of automation in their month end process to save hours of valuable finance team time, but still deliver high quality reporting information.
To support our client’s longer-term strategy, we’re helping them cement the foundations that we’ve introduced. We’ll coach their finance team to allow them to eventually take the consolidated management accounts in-house.
It could be you
Our outsourcing team understand the challenges facing businesses that are going through change. Whether that’s due to investment, sale or mergers or acquisitions. We can fill a resource gap quickly. Recruiting an experienced finance individual can take months.
We’re flexible. Depending on complexities in any the given month, our resource can be flexed as needed.
A bit about our client
Our client is a hugely successful property development and construction company. They’re rapidly growng since they were established less than 20 years ago. They’ve built an outstanding reputation, mainly in the food retail and now logistics sector. They plan to continue to expand operations in the UK through organic growth and partnerships with specialised funds in the commercial property sector.
Our Client’s challenge
Our client has reached a stage of growth where they need additional expertise. Their small and limited leadership function needs expert finance support to provide objective inputs and add value at a strategic level.
How we helped
Our partnership with this client allows us to act as an extended arm of their strategic leadership function. We’re directly adding value to their growth plans. Our support has been focused on developing and implementing the optimum structure of the Group for the future. This includes critical areas such as shareholder exit and cash extraction planning.
It could be you
We offer full flexibility to meet your business needs. Recruiting qualified experienced staff can be time consuming and expensive. We can step in at short notice to cover an urgent resource need. Offering both operational and strategic support. Allowing you to focus on the future of the business. Confident that your finance needs are being met.
A bit about our client
A large international group Property Development and Rental business. Focussed on the logistics property market. They develop and acquire A-grade, modern logistics facilities in prime locations in South Africa and the United Kingdom. With 25 companies that are UK based.
Our client’s challenge
Being headquartered overseas means they need UK advisors to take care of UK company filing and reporting requirements. This includes critical tasks such as preparation of local financial statements and liaison with auditors.
How we helped
We’ve been collaborating with our client to deliver a slick financial service that works for their entire group. That way not only are they able to meet managerial and regulatory requirements. Hitting deadlines. Taking the pressure off as the year-end compliance process can often be very time-absorbing. By setting in it gives our clients back time to focus on other areas. As a result, they’re also continuously improving their operation through the financial insights provided.
Our relationship with our client helps them to maintain their global offering with local intimacy and diligence. Working with us means our client can avoid regulatory mishaps and potential setbacks from a lack of a local corporate presence.
It could be you
Our outsourcing team understand the challenges facing overseas based companies seeking to locate offices in the UK. Working with Mid-market companies, like our client, who are rapidly approaching a large business status, we focus heavily on mitigating costly inefficiencies and fines. All of which could be hugely significant at this point in their journey. We collaborate closely with them to support growth, intimately aligning our financial expertise to their strategy and operation.
We’ve got a similar story with many start-up in-bound international business:
1: Set up entity
2: Help navigate the UK finance landscape
3: Run the finance function while working with them to scale and take it in-house
Boom!
A bit about our client
A very successful international research and management consultancy firm established in the USA. With offices around the globe. They’ve recently branched into the UK market. They’ve set up another UK office in the Midlands.
Our client’s challenge
As an international organisation looking to expand into overseas territories, our client needed help in establishing and managing operations outside their US headquarters. To extend their capability to the UK market, they needed a finance partner that could provide critical functions for successful business growth. These include local bookkeeping, monthly reporting to head office, cash flow monitoring, processing payments, liaising with UK third party payroll providers, quarterly VAT return preparation and submission, company secretarial, running their year-end process and liaising with their UK auditors.
How we set out to help
Our partnership with this international consultancy is allowing them to successfully extend their market reach and grow their business. They’re now confident they can meet local regulatory requirements. As well as benefiting from financial reporting that informs their business planning in the UK.
We’ve also saved them money. We act as the client’s finance function. Saving from the hassle and expense of employing a full-time finance personnel. We are their flexible finance team.
It could be you
Our outsourcing team understand the challenges facing overseas based companies seeking to locate offices in the UK. The key to success is to have advisors on UK soil. We can be your on-the-ground support team.
We’ve got a similar story with many start-up in-bound international business:
1: Set up entity
2: Help navigate the UK finance landscape
3: Run the finance function while working with them to scale and take it in-house
Boom!