Set up

A US-based hedge fund manager approached Throgmorton. They wanted to set up a presence in the UK, and needed assistance with the practicalities of starting their new operation.

Using our wide range of services and expertise, we enabled this client to establish themselves smoothly and swiftly.

Firstly, we incorporated both a limited company and a LLP, as per our client’s instructions. Our accounting, tax and HR teams then implemented a detailed set up plan.

The accounting team developed the infrastructure and accounting procedures to maintain financial records, to provide management reports and also to report to outside bodies as appropriate.

The tax team applied for a Group VAT registration at HM Revenue and Customs and also filed form CT41G for corporation tax purposes, confirming that the company had commenced trading. They also assisted the founding members of the LLP to notify HM Revenue and Customs of commencement of Self-Employment for both income tax and NI purposes.

The HR team registered the company for payroll and developed bespoke payroll procedures. They advised the company on its obligations under the Health and Safety at Work Act 1974 – in particular the need to establish a Health and Safety Management System.  They were also ready to provide HR documentation that was compliant with the latest employment legislation and best practice, as soon as the company started to take on employees.

 
 
Andrew Rubio, Director, Throgmorton: “As a result of our efficiency during the set up period, this client has continued to retain us and we’ve enjoyed a long and fruitful relationship together.”
 
 To contact Andrew, click here.

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"..Most importantly, their team is knowledgeable, efficient and extremely committed to excellent client service.."