#business

Dec 21, 2020
1 min

Client Stories: hotel refinancing project in London

Our client — a luxury 100-rooms hotel in London — required support in refinancing its current mortgage structure. Our team provided a full range of financing solutions that ensured a smooth and effective transaction. After thoroughly understanding our client's needs, we designed a strategy – in partnership with leading players specialised in the hospitality financing – covering all the various aspects required, providing crucial coordination between functions and ensuring suc

Dec 17, 2020
1 min

Client Stories: supporting a DMC as their external-CFO

Our client required set-up, administrative and payment systems support to launch a Luxury DMC (Destination Management Company). We provided a full range of external-CFO services that guaranteed a smooth and efficient set-up. After thoroughly understanding the various aspects of our client's complex business model and their peculiar needs, we designed a bespoke plan of action that ensured a successful outcome. We then executed our strategy by acting as the external CFO on a da

Dec 15, 2020
2 min

The Benefits an External CFO can bring to SMEs

One of the decisions that almost every entrepreneur had to make has been whether to manage the company's financials internally or have external resources deal with it. While there are pros & cons with each option, hiring an experienced external CFO may be an effective solution to maximize the benefits while minimising potential drawdowns, especially during uncertain times. While Chief Financial Officer (CFO) roles are almost always present in larger corporations, as of recent

Dec 10, 2020
1 min

Client Stories: streamlining a travel business' financial planning

Our client required accounting support for their international travel agency. We provided a full range of cloud accounting services that guaranteed a smooth and efficient set-up. After thoroughly understanding the various aspects of our client's complex business model and its peculiar needs, we designed a bespoke plan of action that ensured a successful outcome. We then executed our strategy by collecting all the company's relevant data and recent transactions, liaising with

Dec 9, 2020
2 min

Top 5 Benefits of Cloud Accounting

For the longest time, one of the decisions that most entrepreneurs and business owners had to make has been whether to do their bookkeeping internally or use an external traditional accountant. Fortunately, technology and innovation have revolutionized the accounting sector for small businesses, thanks to online accounting services. Having one's books updated and in order is of paramount importance not only from a legal and fiscal perspective but also — and probably most impo

Dec 3, 2020
1 min

Online banking is the new normal in the UK

As we have introduced in our previous blog post, the UK offers one of the most vibrant banking sectors in the European region. In particular, online banking is becoming increasingly significant and mobile banking is almost the new normal. Financial services are typically among the first industries to embrace technological advances going as far back in time as the appearance of the first ATMs and credit cards. Ever since internet systems for financial operations first became w

Dec 1, 2020
1 min

How Fin-tech is revolutionising banking

As we have introduced in our previous blog post, the UK offers one of the most vibrant banking sectors in the European region. In particular, technology-driven innovations in the financial sector — i.e. fin-tech — made it easier than ever to access banking services for non-UK residents. While technology changed most aspects of our daily lives, until recently, the majority of banking-related operations have been carried out in the traditional way. For example, opening a bank a

Nov 26, 2020
2 min

Opening a bank account for non-UK residents

Among the European countries, the UK has certainly one of the largest and most developed banking sectors, providing a wide range of services able to fulfill every need. That said, opening a new bank account may not be as easy for non-UK residents. Whether in a personal or professional setting, a UK bank account greatly facilitates most types of transactions and is often a pre-requisite to access the majority of advanced services from most financial institutions. However, acce

Nov 24, 2020
2 min

How a virtual office can safeguard your business during turbulent times

As we covered in a post last week, the UK yielded its largest year-on-year Q3 2020 increase in limited companies incorporations at the Companies House since quarterly data began to be recorded in 2012. While this clearly shows the resiliency of the British market, it is useful to breakdown some of the related data to discover some additional insights — and how virtual offices could be linked to this trend. While the number of incorporations posted record numbers, the amount o

Nov 18, 2020
1 min

Client Stories: virtual office solutions ensure business continuity

Our client was seeking to relocate in a fast and efficient manner. We provided a full range of virtual office services that guaranteed a quick and efficient transition while ensuring business continuity. After thoroughly understanding our client's needs, we designed a strategy covering all the various aspects required, ensuring a successful outcome. We then executed our strategy by changing the registered office and director's service address to our location, made the require

Nov 17, 2020
1 min

Why choose a virtual office over a physical one?

Although COVID-19 led to many drawbacks, the current setting has strongly encouraged flexible working, which emboldens businesses to benefit from virtual offices. In brief, virtual offices provide a flexible, efficient and cost-effective solution for ventures of all shapes and sizes. In 2016, the UK had more than four million Britons working from home, and many of these people worked via fully-connected virtual offices. Following these statistics, one can only imagine how muc

Nov 13, 2020
2 min

Record Q3-2020 for UK's incorporations at Companies House

Despite Brexit and the current pandemic, the UK has proven to be a resilient market for businesses, yielding the largest year-on-year Q3 2020 increase in limited companies incorporations at the Companies House since quarterly data began to be recorded in 2012. Once again, this proves the continued attractiveness of the country for international entrepreneurs and the resilience of its economic system. Overall, the UK is the country of choice of more than 4.6 million companies,

Nov 11, 2020
1 min

Client Stories: Set-up of a precious metals refinery company in London

Our client was seeking expansion in the UK for its precious metals refining company. Our team provided a series of services that ensured a smooth and successful set-up of its limited company and related operations. After thoroughly understanding our client's needs, we designed a strategy covering all the various aspects required, providing crucial coordination between functions to ensure a successful outcome. We then executed our strategy by establishing a limited company, se

Nov 9, 2020
1 min

Why should I launch a new business in the UK?

Despite Brexit and the current pandemic, the UK is still one of the best countries in Europe and the world for #entrepreneurs, whether you want to start your own business or simply open a new office. In fact, the UK has topped Forbes' "Best Countries for Business" list in both 2018 and 2019, regardless of the uncertainty still surrounding the transition from the EU. One of the main contributors to the UK performance is Digital Technology, growing 50% faster than the broader e

Jun 11, 2020
1 min

The advantages of setting-up your own family office

A Family Office (FO) is a private investment firm set up by an ultra-high-net-worth (UHNW) individual to manage their investment portfolios and generally cater to their financial, legal, and admin needs on a day-to-day basis. There are two different types of family office: a single-family office (support only one family); and a multi-family office (support a number of families) According to a research from the London School of Economics, the ultra-rich in London are increasin

Jun 8, 2020
1 min

Online banking: a new normal for banking in the UK

In the UK, the use of online banking is increasing significantly and mobile bank has become the new normal. Banking and financial services are typically among the first industries to embrace technological advances; starting as far back in time as the appearance of automated teller machines (ATMs) and credit cards. Ever since the first secure Internet systems for financial operations became available on a large scale, accessing of one's bank account online to carry out transac

Jun 4, 2020
1 min

Importance of Digital Marketing & eCommerce strategy in the UK

Implementing an effective digital marketing and eCommerce strategy can be challenging, especially for SMEs and entrepreneurs. Therefore, it is key to seek assistance before putting a project into action. Digital marketing contains a range of activities that help companies to win and retain online customers. Sellers that are new to eCommerce, and businesses aiming to focus more time on other activities (e.g. manufacturing, commercial relationships), are advised to consider usi

Jun 1, 2020
1 min

Benefits of using a Virtual Office for day-to-day business operations and post-pandemic strategy

Although COVID-19 led to many drawbacks, the pandemic crisis has encouraged flexible working, which emboldens businesses to benefit from virtual offices. In 2016, the UK had more than four million Britons working from home, and many of these people worked via fully-connected virtual offices. Following these statistics, one can only imagine how much the number of businesses using virtual offices has increased due to COVID-19 and digitalization. It is predicted that “more agile

May 29, 2020
1 min

Advantages of electronic signatures in the UK

The UK has been benefited from electronic signatures (e-signature or e-sign) since it first became legal in 2000 with the introduction of the Electronic Communications Act 2000. Nowadays, the UK abides by the European Union’s eIDAS regulations that came into play in July 2016, meaning that the country can take full advantage of the legality of e-sign. Document sending have become cost-effective and greatly efficient thanks to electronic signatures, with digital payment soluti

May 26, 2020
1 min

The advanced e-commerce market in the UK

The UK is the world's fifth-largest economy by GDP and the most advanced e-commerce market in Europe. “Ecommerce in the UK is expected to grow 11%” By the end of the year, e-commerce in the UK is predicted to reach 222.5 billion euros. This is due to the fact that the UK is number one in Europe for the B2C eCommerce market, with 96% of the population using the Internet for online payments. Following highly developed financial services market available to its population, in th