As Registered Auditors we have a significant client base of private companies for whom we undertake statutory company audits. We also audit charities, clubs and trusts and have considerable expertise of Solicitors Accounts Rules Certificates and Client Money Account Audits.
A company must have its accounts audited if any of the following apply:
- revenue in excess of £6.5m
- assets (not inclusive of liabilities) in excess of £3.26m
- 50 or more employees
If the company is part of a group, then these limits apply to consolidated figures and world wide employees. This therefore means that a subsidiary in the UK may require an audit even though it may itself fall within all of the limits.
Although an increasing number of businesses are now outside the legal requirement for having their accounts audited, the status of an audited set of accounts can still have a considerable positive impact on obtaining better credit ratings, outside financing, business from larger customers and even on staff confidence – all of which improve the future business prospects for your firm.
Our experience in providing this assurance service to companies and their shareholders ties in perfectly with the accounting and business development expertise that will help your company directors take the company in the right direction.
Contact Us for more information.