Smooth transitions from in-house to outsourced
Island GP UK is a renewable energy developer focused exclusively on the development of solar energy plants. Working with investors and partners, Island GP UK has developed a number of projects in the UK and has additional projects under development in the UK, Spain, North America & Australia, whilst other markets are also actively being explored.
Of the implementation process, Paul Longmore, consultant, commented:
“We engaged Blick Rothenberg to inherit our bookkeeping, management accounts and VAT compliance matters from a single in-house accountant. Not only had the business grown beyond the capacity of such a limited resource, but the directors felt there was considerable risk due to the over-reliance on, and significant knowledge held by, a solitary person.
By visiting our premises personally and exploring the scope thoroughly with us directly, the implementation team at Blick Rothenberg worked hard to understand fully the intricacies of our business model, the complicated company structure we have adopted and the resulting document and information flow.
We were kept informed at all times as to the progress of the transition and from their development of the PRD (Procedures, Responsibilities and Deadlines) document we gained complete visibility of the Blick Rothenberg team’s understanding of the required processes and where the on-going responsibilities of both parties would lie.
Blick Rothenberg’s implementation included the appropriation of the historic accounting records for thirteen distinct entities to a short and strict deadline which was achieved without incident. As a result the handover from in-house to an outsourced solution was seamless, as was Blick Rothenberg’s integration with our other providers in the foreign territories in which we operate.
The success of the implementation phase of the relationship with Blick Rothenberg gave us all the assurance we needed to be confident in their future handling of our new outsourced finance function and we have no doubt that Blick Rothenberg were the right choice for us.”
For more information, please contact partner Simon Gleeson at email@example.com.