Case Study
25 years experience
International expertise & outlook
Team of financial specialists
25 years experience
International expertise & outlook
Team of financial specialists
Hong Kong group establishing UK trading platform
This established Hongkong-based group wanted to set up operations in the UK. They needed set-up support in every area including opening UK bank accounts, office space sourcing, and appointment of local directors.
We have worked with them at every stage, and have provided them support in all aspects of setting up in the UK to get them ready to commence operations. Our role has included:
- Provision of FCA authorised UK director
- Managing the entire finance function
- Preparation of the application pack including business plans for FCA approval
- Monitoring of regulatory capital requirements and adherence
- Monthly reporting to FCA
- GDPR review and implementation
- Sourcing UK office
Benefits:
- Accelerated successful FCA authorisation
- Corporate tax residency maintained in UK
- Successful management of data compliance obligations
UK start-up soft commodities trading group
Hiring Galopar Consulting meant that this company did not need to recruit a finance team. All aspects of finance are taken care of by us. Our experience with global firms like PwC and Morgan Stanley means that we can identify and advise on intricate matters that wouldn’t be in the remit of pure accounting firms.
We have been involved in all aspects of the finance function including:
- Providing a non-executive UK director
- Taking over the finance function (1st period turnover > US$120m)
- Monthly reporting pack to overseas majority shareholder
- Monthly reporting pack to overseas majority shareholder
- Advice on structuring overseas subsidiary
- GDPR review and implementation
Benefits:
- Corporate tax residency maintained in UK
- Cash tax obligations identified and managed early to avoid interest and penalties
- More agile banking relationship management
- Improved management decision making
UK subsidiary overseas transport manufacturer
Part of an automotive conglomerate overseas, this company was set-up in the UK to tap into a new market of young, environmentally conscious consumers. The company was unable to keep up with the financial obligations required by UK regulations and were at risk of being struck off by Companies House. We have now taken over all aspects of the UK company’s financials and are working closely to ensure profitability in the near future.
- Developing the in-house finance function
- Bringing audit matters up to date (to prevent compulsory striking off by UK Registrar of Companies)
- Forecasting of Cash flows
- Management of working capital
- Formulating new routes to market and conduct negotiations with on-line distributors (UK and Germany)
Benefits:
- Avoided forced dissolution and loss of company assets
- Improved financial controls, reporting and decision-making
- Better trained and motivated finance team
- Effective stock management through improved distribution
