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Sector Focus
We specialise in the investment management industry offering audit, assurance, tax and corporate recovery and liquidation services.
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QI Compliance
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The tax teams at Grant Thornton aim to provide the Channel Islands with a premier tax advisory service both to private clients and the business community including the investment management industry.
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A secure sign in page to file Jersey Tax Returns through the Grant Thornton tax portal.
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ESG
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Professional Services
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Finance Industry
We work with a broad range of clients and their financial stakeholders, from entrepreneurs in the early days to fast growing and established businesses to public companies competing in global markets.
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Local Businesses
Businesses come in many shapes and sizes – from innovative start-ups to long-established local businesses. But however large or small your business, the chances are you face similar challenges.
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Corporate Insolvency
Our corporate investigation, Guernsey liquidation and recovery teams focus on identifying and resolving issues affecting profitability, protecting enterprise value and facilitating a full recovery where possible.
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Corporate Simplification
Redundant corporate entities can over complicate group structures and waste thousands of pounds in unnecessary costs each year. 46% of the c.15,500 companies controlled by the FTSE100 are dormant and it is estimated that the average cost of administering dormant companies is between £3,500 and £5,000 per company, per year.
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Debt Advisory
Our Debt Advisory team provides commercial and financial debt advice to corporate entities and public sector bodies in a range of sectors. Our engagements include advice on stand-alone transactions and solutions or as part of an integrated business plan, in both the project and corporate arenas.
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Exit Strategy Services
We offer a tailored methodology designed to enable a company to be reviewed in a group context to assess ways to maximise its value.
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Financial Restructuring
For companies challenged by under-performance we work with management teams, shareholders, lenders and other stakeholders to implement financial restructuring solutions creating a stable platform for business turnaround.
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Strategic performance reviews
Strategic performance reviews analyse the key drivers of performance improvement. Our specialists utilise a framework to evaluate financial and operational options and to identify solutions for businesses and their stakeholders.
Grant Thornton Channel Islands has acquired the audit business of Saffery Champness in Guernsey, providing significant opportunities for further growth. It will enable Grant Thornton to expand into the local business market as well as financial services sectors and outsourced finance functions.
This transaction serves to bolster Grant Thornton’s presence in the Channel Islands and supports the company’s growth strategy. In the last ten years Grant Thornton has grown significantly and now has a team of 165 in the Channel Islands. A total of six staff from Saffery Champness will join Grant Thornton, including Jeremy Ellis who joins as Director in Guernsey.
The transaction will have no impact on the rest of the business of Saffery Champness in Guernsey, nor on the wider audit business of Saffery Champness in the UK.
Cyril Swale, Head of Guernsey Office for Grant Thornton:
“We are delighted to welcome the audit team from Saffery Champness on board and believe this is a very good move for all parties. There are significant similarities between our organisations in terms of corporate values and a mutual dedication to client service, so becoming part of Grant Thornton is a natural next step for the team.”
Jeremy Ellis, Audit Partner of Saffery Champness GAT LLP, said:
“This is a great opportunity for me and the team to continue to provide excellent client service as part of Grant Thornton. Both I and the team look forward to the opportunities that lie ahead.”
Nick Batiste, Managing Director of Saffery Champness Registered Fiduciaries in Guernsey, added:
“After a wider strategic review and very careful consideration, we have decided to sharpen our focus on our core business areas in Guernsey to ensure we are best placed for the future. We will of course very much miss Jeremy and his team as colleagues, but we’re pleased that they have a bright future as part of Grant Thornton in the Channel Islands.”
Adam Budworth, Managing Director, Grant Thornton Limited said:
“I am delighted with this acquisition, the latest in a series we have successfully completed in the last 18 months or so and welcome the team on board. I am also looking forward to completing other transactions in the future as we continue to grow our presence, locally, here in the Channel Islands."