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Two Alexander Knight & Co clients achieve prestigious ‘Sunday Times Hundred 2024’ status

Alexander Knight & Co is thrilled to see that two of our clients, Think Hire and Open Communication Partners, have been recognised among the top 100 fastest growing companies in the UK by The Sunday Times.

This achievement highlights our commitment to supporting fast-growing, ambitious businesses and cements our reputation as the advisors of choice for entrepreneurs.

We are proud that of only 7 companies from Greater Manchester who made the top 100 list of the Sunday Times Hundred 2024  – two of them are clients of our practice.

Think Hire

Think Hire, based in Oldham, secured the impressive 30th position on the full list with a growth rate of 130.17 percent. Their innovative solutions and dedication to excellence have propelled them to new heights in the industry. We have had the pleasure of working closely with Think Hire, providing the financial and strategic accountancy guidance necessary to support their rapid expansion as it looks to build on its turnover of £6.5m.

Open Communication Partners 

Open Communication Partners, headquartered in Manchester, claimed the 33rd spot on the full list with a remarkable growth rate of 124.41 percent. Its commitment to delivering top-notch communication, data and marketing solutions has set them apart in a competitive market. We are proud to have played a part in the journey, offering expert advice and accountancy services tailored to their needs as the company continues to evolve and build upon its latest reported turnover of £29.5m.

Accountants for entrepreneurs

The inclusion of our clients Think Hire and Open Communication Partners in The Sunday Times Hundred 2024 is certainly a testament to the hard work and dedication of their management teams and their people. It also underscores the value of our partnership with them.

At Alexander Knight & Co, we are dedicated to helping businesses achieve their full potential through our comprehensive accounting and advisory services.

Murray Patt, founder of Alexander Knight & Co, said:

“We are incredibly proud of Think Hire and Open Communication Partners for their outstanding growth and success. Their inclusion in The Sunday Times Hundred 2024 is a well-deserved recognition of their hard work and innovation. At Alexander Knight & Co, we strive to provide the best possible support for our clients, and it’s hugely gratifying to see their success stories unfold.”

Looking ahead

As we celebrate the success of Think Hire and Open Communication Partners, we remain committed to fostering the growth of all our clients.

Our goal is to continue being the trusted advisors for fast-growing, ambitious companies across the UK. We believe that with the right guidance and support, there are no limits to what our clients can achieve.

Congratulations to Think Hire and Open Communication Partners, and here’s to many more years of shared success and growth!

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Collaboration is key

Alexander Knight & Co is a member of MGI Worldwide, a Top 20 international accounting network of independent audit, accounting, tax, legal, and consulting firms, which brings together the expertise of over 8,000 professionals in some 400 locations around the world.

Our membership enables us to keep abreast of important new developments, while providing a seamless international service to any of our clients looking for support abroad.

Joining the network has undoubtedly bolstered our international trade links and has enabled us to collaborate with accountancy firms in other jurisdictions.

Multiple companies headquartered in Canada, Sweden, USA, Germany, Holland, Greece, Denmark, Switzerland, Malaysia and Singapore have appointed our team to support them with a number of specialist services that we provide including Audit, Tax and Advisory.

Our UK-based practice has even picked up an award for our work relating to the clients of MGI Worldwide members. At the 2023 MGI UK & Ireland conference for partners & managers, which was held recently in Edinburgh, Scotland our team collected the award for ‘International Client Experience of the Year 2023’.

We were very pleased to have developed our international links and delighted to have won this award. It’s great recognition for our staff who are providing a fantastic service for our clients headquartered in the UK and abroad.

Case study

A good example of international collaboration is our positive relationship with fellow MGI Worldwide member Revideco AB based in Sweden.

Its team reached out to us to assist one of their clients who needed some UK specific advice relating to a subsidiary in England. The Revideco team has offices in Stockholm, Skellefteå, Sundsvall and Göteborg. Revideco are authorised accountants and auditors and have provided accounting, audit and consultancy services in Sweden since 1994.  

As a result of the introduction by partners at Revideco we were able to assist a Cheshire-based company which manufactures and retails all-natural supplements for dogs, in its annual Audit requirements. We were delighted to have been appointed by the client to undertake this activity and we are pleased that the relationship has developed positively.

“We are pleased with the relationship we have created with Alexander Knight & Co in the United Kingdom and it is pleasing to see that through our membership of MGI Worldwide we are able to identify high quality collaboration partners who can assist our clients with UK accountancy requirements.”
Antti Niemi
Partner, Revideco AB
"We are delighted to have been referred by our MGI Worldwide colleagues in Sweden. It’s a really good example of how likeminded accountants from different jurisdictions can operate effectively and develop strong and trusted relationships through the association. We would like to thank the Revideco team. We are looking forward to developing our professional relationship even more in 2024 and beyond."
Murray Patt of Alexander Knight & Co.
Murray Patt
Founder, Alexander Knight & Co
"Alexander Knight & Co shows the true value of being part of the MGI Worldwide global network. Clients want a ‘safe pair of hands’ they can trust and access as needed, wherever they choose to do business. This collaboration is a prime example of how two firms can work together seamlessly, providing high-quality support and advice to international clients in the UK."
Maxine Brock
Chief Marketing Officer, MGI Worldwide

TALK TO US ABOUT OUR INTERNATIONAL ACCOUNTANCY WORK

If you are an international company that operates subsidiary companies in the UK we are perfectly placed to advise on accounting, tax and advisory work that is required to be undertaken.
Contact Murray Patt now
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Dan Williams qualifies as a Professional Accounting & Taxation Technician

Murray and Dan

We are delighted to confirm that our colleague Dan Williams has qualified as a Professional Accounting & Taxation Technician (following the completion of his Level 4 Apprenticeship) and has received his official certificate.

The ATT is the leading professional body for those providing UK tax compliance services. It has over 9,800 Members and Fellows, together with over 7,000 students.

We are committed to investing in the next generation of accountants. Well done Dan.

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Experienced corporate finance professional Steve Connelly joins us as a consultant

We are delighted to have engaged highly experienced Corporate Finance professional Steve Connelly on a consultancy basis for our clients.

Steve is a highly skilled and experienced professional with 15 years’ senior management experience in industry after a 20-year career in accountancy practices including Arthur Anderson and Baker Tilly.

Steve’s experience includes leading all types of transactions, principally acquisitions, disposals and buyouts, for a wide range of owner-managed businesses. Steve also has significant experience of fundraising, both bank and equity finance, in support of transactions.

This vast experience in leading Corporate Finance teams and transactions is a fantastic asset to our team and our client base. Great to be working with you Steve!

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Baby update!

We are pleased to report that our colleague Danielle Cresswell and her family are doing well since the birth of baby Tessa. She’s now 6 months old and we were sent some brilliant pictures of Danielle with the baby.

We can’t wait to see little Tessa again in the office and we are looking forward to welcoming Danielle back to our team in due course.

Thank you, Danielle, for allowing us to share this sweet photo of you both!

 

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SIC codes come under scrutiny by HMRC

The UK Standard Industrial Classification of economic activities, abbreviated as UK SIC, is a five-digit classification that you normally select upon registering your company.

It has been well publicised that HMRC is targeting non-compliance within the Research and Development tax credits regime and is placing a company’s SIC code under greater scrutiny.

A more reactive element of HM Revenue and Customs strategy lies within its approach to the enquiries being raised. They have published a list of sectors that are actively being targeted as they are deemed to be unlikely to undertake genuine Research and Development activities.

These are:

  • Care Homes
  • Childcare Providers
  • Personal Trainers
  • Wholesalers and Retailers
  • Pubs
  • Restaurants

We are also aware that unofficially certain other sectors are also subject to scrutiny and we believe these to include:

  • Estate Agents
  • Textile Industries
  • Construction Sector
  • Educational Institutions
  • Consultancy Firms

Part of this strategy is for R&D tax credit claimants to require more robust procedures both before submitting a claim and as part of the actual claim itself.

We actively work with our clients who undertake Research and Development activities to ensure that these obligations are fully met.

HMRC uses the SIC code as shown on public record at Companies House to identify whether a company falls into one of the sectors above. We are aware that companies initially select this code upon incorporation based upon the business plan for company at that time. The activities of a company will naturally change over the course of its life and thus over time the SIC code may not best represent the current activities of a company.

The SIC code should be periodically reviewed to ensure the most appropriate code has been selected and we would recommend that this review is part of any planning for a Research and Development claim.

If you are unsure of your SIC code and wish to discuss these issues, please do not hesitate to contact our team.

 

 

 

 

 

 

 

 

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Companies House fee increase confirmed

Companies House is increasing the fee charged for the Confirmation Statement from £13 to £34. We are surprised it’s not a round figure such as £30.

For a complete list of disbursements you can go to the Companies House website here and here’s a selection of other fees for your reference.

Incorporation (Digital) £50
Incorporation (paper) £71
Confirmation Statement (Digital) £34
Confirmation Statement (Paper) £62
Change of Name (Digital) £20
Change of Name (Paper) £30
Voluntary Strike Off (Digital) £33
Voluntary Strike Off (Paper) £44
Registration of a Charge (Digital) £15
Registration of a Charge (Paper) £24

 

 

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Our international work continues to grow

We are delighted to continue receiving referrals from fellow MGI members from across the world. Our successful award-winning accountancy work for international-based clients who have operations in the UK is going strong.

We became a member of the MGI Worldwide in 2020. Member firms, which comprise 8,500 professionals  operate in more than 100 countries.

Joining the network has bolstered our international trade links and has enabled us to collaborate with accountancy firms in other jurisdictions.

Multiple companies headquartered in Canada, USA, Germany, Holland, Greece, Denmark, Switzerland, Malaysia, Singapore and more recently Sweden have appointed our team to support them with a number of specialist services that we provide.

You may remember that at the 2023 MGI UK & Ireland conference for partners & managers, which was held recently in Edinburgh, Murray and Kate collected an award on behalf of Alexander Knight & Co for ‘International Client Experience of the Year 2023’.

We are delighted to continue our success in this area in 2024. Thank you to the MGI members who place their trust in us to deliver for their clients here in the UK.

 

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NEW VACANCY: TAX SENIOR MANAGER

Our practice in Hale, Cheshire is expanding. If you are an experienced tax professional and you’d like to join our team  – or you know someone suitable – please send a confidential email to Alison Spier in the first instance.

We have an exceptional list of loyal clients with multi-million turnover businesses. The majority of these companies have been working with us for many years and we are highly focused on building long term, meaningful relationships.

We are growing our team and have created this new Tax Senior Manager role. Part-time will also be considered for the right candidate. 

Suitable candidates will have experience working in a fast-paced accountancy practice, dealing with clients both face to face and over the phone, advising them on a variety of tax issues, including corporation tax, including R&D, & CGT. You must be able to demonstrate exceptional client relationship skills, and have an approachable, professional manner. Experience with income tax, IHT & SDLT would also be extremely useful.

As part of MGI Worldwide, the global accounting network, you will also join the Tax Forum, enabling you to network with peers from other practices across the UK and worldwide. International tax conferences are also organised by MGI Worldwide and you will join delegations to these when they occur.

If you feel that your experience is a good fit and you are looking for a modern accountancy practice – based in Grade A offices in the heart of Hale – to develop your career, and you would like to find out more, please email Alison Spier with your updated CV and details of your current package.

Disclaimer 

Alexander Knight & Co is an equal opportunities employer and no terminology in this advert is intended to discriminate on the grounds of a person’s gender, marital status, race, religion, colour, age, disability or sexual orientation.

All candidates will only be assessed in accordance with their merits, qualifications and abilities to perform the role expected. Only successful applicants will be invited to the next stage consisting of an interview and assessment.

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