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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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Personal Tax Services
There are many tax rules that can affect you personally and therefore which will have an impact on your personal wealth.
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QI Compliance
Qualified Intermediaries (QI) have to take action now to perform a Certification to the Internal Revenue Service (IRS).
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Download our tax brochures
The Guernsey tax team at Grant Thornton aim to provide the island with a premier tax advisory service both to private clients and the Guernsey business community including the investment management industry.
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Jersey Tax Return
A page with a link for Jersey Tax Returns
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ESG
ESG can either be seen as a risk management tool or an opportunity, either way it is imperative to your business, whatever your size and whether you are listed or not.
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Professional Services
Business and accounting support for 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.
Operations
Meeting customer demands effectively and efficiently
Continuity is a comfort, especially in times of crisis. Your customers depend on you to maintain not just your service, but also your standards. As such, no matter how your business changes, the show must go on.
It's a priority for any firm to meet customer demands effectively and efficiently. However, businesses are increasingly finding that doing so during a pandemic is particularly challenging.
Potential issues
Mitigating risks to business continuity is your primary concern during the outbreak. Issues and challenges need to be recognised and dealt with rapidly, including control of the cost base to create headroom.
Reacting in real time requires an understanding of the current situation in order to make decisions quickly. Management information must be accessible and accurate, and a rapid increase or decrease in demand makes forecasting, inventory and capital management critical.
Adapting to the circumstances while trying to create a greater certainty of demand and supply in rapidly evolving market conditions is key, alongside adjusting the indirect cost base and support functions.
Actions to consider
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Assess
AssessUnderstand the potential impact of the pandemic by moving quickly to assess how your operations will be affected. The more you can foresee the unexpected, the more likely you will be ready to meet any challenge.
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Protect
ProtectDon’t be afraid to make imperfect decisions to reduce the cost base and protect the business. Define the key decisions you have to make and ensure that you have the best management information you can to support them, but accept that not all your choices will turn out to have been the right ones once the pandemic is over. Focus effort primarily on rapid cost reduction and cash optimisation and management.
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Restore
RestoreThe current market conditions caused by the outbreak are temporary. Determine how you can come out of the Protect phase with pace and momentum so that you can maximise any opportunity available to you. Understand how your external markets may have changed and how you can bet respond to them.
Consider these questions
- Do you have the right, timely MI to make critical decisions?
- How volatile is customer demand and how flexible is your cost base?
- Are you sufficiently prepared for shortages and price volatility for your resources to outlast the pandemic?
- Does your network have the capacity for your whole team to work from home at the same time?
- Are your communication channels sufficient and do your employees read and understand what you send them?
- How can you take advantage of any changes in your market or opportunities within your Operating Model to reimagine your post COVID-19 business?
