What was the challenge?
Ring needed to get up and running quickly in the UK, and was looking for a strong local accounting and back office business partner. While Ring had resources locally in the UK, they were largely focused on sales and marketing efforts.
To allow the team to continue spending its time building out Ring’s market presence in the UK and beyond, the company looked to Blick Rothenberg to assist in establishing its UK subsidiary, draft the necessary legal and intercompany documents, take on day-to-day operational functions such as expense payments and payroll, ensure tax compliance, as well as provide the parent company with month-end financials.
How did Blick Rothenberg help?
We have assisted Ring in highlighting and subsequently
complying with the local and international requirements arising
from their business model. Blick Rothenberg has also worked to streamline the
processes associated with the monthly routine work and deliver
work as expected and on time on a regular basis.
Blick Rothenberg has assisted Ring in applying for a MOSS (mini
one stop shop) VAT registration. We have also advised on the VAT
treatment of both business to consumer (distance selling) and
business to business (reverse charge) transactions across Europe.
As a consequence of both the advice and support received in the
UK and our ability to deliver services across 60 territories, Ring
has now approached Blick Rothenberg about how we can assist
with supporting them in both Australia and New Zealand.
What was the result?
Mel Tang, CFO of Ring of Security, has commented that “Blick
Rothenberg has not only been an accounting support provider but
also a business advisor. They have been in regular communication
with us as we enter not one but several markets at once. Their
experience has been invaluable in making sure we can operate
efficiently, move our goods, collect cash and pay suppliers.
“Their help and support has been vital in making sure our
European launch has been a success, allowing us to focus on
building relationships, key multipliers and driving our online sales
rather than having to spend unnecessary time worrying about the
day-to-day operations of the business.
“They have been able to build relationships with many of our staff
at different levels of experience and expertise to provide us with
the comfort we need.”
For more information, please contact partner Simon Gleeson at email@example.com