Business advisory

We tailor our advisory and consulting services to meet the specific needs of your organisation and are able to accompany you at all stages of your development, whether you are an owner-managed, a medium size or a large enterprise.

Our knowledge of business sectors and the regulatory environment can provide you with an independent perspective and a fresh insight into your business to help you meet future challenges and capitalise on opportunities. We have a track record in proposing innovative, pragmatic and cost-effective solutions, which lead your business to success.

Independent Business Reviews

Management, bankers and investors often require an Independent Business Review (IBR) prior to finalising important financial decisions. For instance, management may request an IBR on a target company it proposes to acquire, lenders may seek reassurance from an IBR before committing funds to an enterprise, prospective investors may rely on an IBR to comfort their decision to invest in your company, a newly-appointed Board of directors may call for an IBR to obtain an external view of a company’s financial standing.

UHY & Co has carried out IBR’s of businesses operating in several sectors and of different sizes, including listed companies, in all the above circumstances and in many more.
During the conduct of an IBR, we keep in focus the objectives of the review and plan our work in order to address the key business issues which need to be addressed. Typically, these include:

  • Current trading and financial position
  • Profit and cashflow forecasts
  • Business and financial strategies
  • Sensitivity analysis
  • Management and systems

 

Through our business-focused approach to IBR’s, we are able to provide stakeholders with comprehensive reports, incorporating key facts, analysis of options and clear practical recommendations on the way forward. Our previous experience in undertaking Independent Business Reviews suggests that stakeholders have acted on our recommendations in making their financial decisions.

Corporate Finance

Irrespective of the size and nature of your business and the sector it operates in, you will invariably need to come to grips with issues of corporate finance, at some stage. UHY & Co can assist you in the corporate finance decisions you need to make.
Our corporate finance services include:

  • Strategic business advice, including business valuations, optimum financial structure, development strategy, succession planning, management incentive schemes and exit strategies
  • Selling your business, including valuation, presentation, packaging and marketing to potential investors
  • Raising capital, including identification of the best sources of finance, financial modelling, due diligence
  • Preparation of business models, business valuations, selection of the appropriate market and finance options
  • Mergers and acquisitions, including assistance in raising finance

Independent business reviews

If you are involved in litigation issues or legal disputes, UHY & Co can provide you with the forensic accounting assistance you need. As part of our loss-adjustment services, we have often been called upon by insurers to assist in civil litigation disputes and to act as expert witnesses in court cases, in issues involving:

  • Consequential loss of profits following business interruption
  • Loss of earnings following personal injury and fatal accident claims
  • Professional negligence
  • Property losses
  • Fraud

Our forensic accounting services also cover:

  • Breach of warranty claims
  • Disputes over royalties
  • Expert determinations
  • Mediations
  • Appointments as arbitrator
  • Business and share valuations
  • Tax investigations
  • Asset tracing

Every assignment is led by a partner with significant experience in litigation matters who will assist you to identify key issues, retrieve critical information in support of your case and assess the initial financial implications of the claim. We also liaise with other experts to produce independent reports for use in negotiation or litigation, while making ourselves available to advise attorneys and legal counsel throughout and act as an expert witness.

We ensure that, throughout the progress of our work, you are kept aware of our findings. We advise you on the merits of your case, in all objectivity, and report to you in a clear and concise manner.

Outsourcing Services

You can free valuable resources in your business and save costs, while you focus on running your business, by handing over your routine accounting functions to us.

We tailor our outsourcing services to meet your requirements and are able to provide you, not just with a book-keeping service, but with timely and meaningful information to help you manage your business better.

When you outsource to us, you will be secure in the knowledge that your accounting functions are being effectively handled by a highly professional firm with expertise in accounting matters and the legislative framework which regulates your business. Thus, you will be spared unnecessary headaches in dealing with routine administrative matters, including non-compliance issues, leaving you free to concentrate on the core profit-making areas of your business.
Our outsourcing services cover:

  • Maintaining accounting records and preparing accounts
  • Payroll administration
  • VAT compliance
  • Review of accounting systems
  • Specialist sector requirements

 

Besides Mauritius-based enterprises, we particularly welcome the opportunity to offer our Outsourcing Services to overseas companies, individuals and partnerships, including foreign accounting firms.

 

Business Support Services

We can help you drive your business to success by allowing you to focus on its key profit centres, while entrusting us with the management of your business support functions.

We are experienced in supporting and advising all types and sizes of business. As an extension of your business, we can replace or supplement your existing support functions, leaving you with the freedom to focus on running your business.

We offer a full range of business support services for clients, including:

  • Financial reporting advisory
  • Corporate tax
  • VAT
  • Payroll
  • Recruitment
  • Company secretarial

Financial Reporting

We have the skills and expertise to provide financial reporting services, which are partner-led, to our non-audit clients.

As experienced auditors ourselves, we are able to identify problems at an early stage and provide you with practical and timely solutions to prevent bottlenecks and ensure that timescales are met. We also ensure effective interaction with all parties involved in financial reporting projects undertaken, such as directors, management, head office and subsidiaries’ finance teams and auditors.

Our range of financial reporting services includes:

  • IFRS consolidated annual statutory accounts and interim accounts
  • IFRS statutory accounts for subsidiaries
  • Group consolidation schedules and reporting packs
  • Co-ordinating reporting from local subsidiaries and auditors of multi-national groups
  • Tax estimates and tax disclosures
  • Various IFRS calculations, such as share-based payments valuations, business combinations, reverse take-overs, impairment reviews, pension accounting
  • Detailed IFRS disclosure schedules and notes for your accounts
  • Technical advice on new and emerging IFRS accounting treatments
  • IFRS conversions and first-time adoption projects
  • Advice on disclosures and information that shareholders and potential investors expect to find in your annual report and accounts