Reconciling capital accounts to give a clear financial picture
Our client is a magazine publisher in the automotive industry, and as such holds a lot of authority in the market.
And at a valuation at £1.5m, is enjoying a solid level of success.
However, a series of equity raises, and fluctuating valuations had led to a few inconsistencies in their accounts.
Ensuring the correct information was made public
A review of their books and records showed a conflict between the register of members and capital accounts. We went through everything and created a cap table that showed a detailed breakdown of their equity.
Once we had a true picture, we could reconcile this with the published information and advise where inconsistencies needed to be addressed.
If you are unclear on your overall financial picture or suspect that things might not stand up to scrutiny, don’t ignore it or hope for the best.
We can get your accounts fully reconciled and in order with respect to your shareholders and HMRC.
Background
- Company type: Magazine and Automotive Publisher
- Valuation: 1.5M
Challenges
- Conflicting Register of members and capital accounts in books and records as a result of frequent equity raises and fluctuating valuations.
Our input and the outcome
- Creating Cap Table and reconcile to the published information advising accordingly.
More client success stories
Easing the pain of legal financial investigations
For this retail client despite their best intentions, a financial claim had been filed against their company. Fortunately, they came to us and we were able to help them get a positive outcome.
The stress-free way to make tax digital
This bio-analytics company was doing well, with 12 employees and a good turnover. However the pressure of moving to a fully digital accounting platform was causing uncertainty, here’s how we helped them.
Reconciling capital accounts to give a clear financial picture
For this magazine publisher a series of equity raises, and fluctuating valuations had led to a few inconsistencies in their accounts, here’s how we reconciled them.
Enabling employee share options and investment applications
Our client produces software for the healthcare industry. They were at the point in their lifecycle where they needed to continue to grow and ensure they retained the best people in order to do so successfully.
Xero Migration Support Leading to Clearer Financial Picture
For this client in the construction business, an unsatisfactory accounting infrastructure with loose financial controls led to inconsistent and unexpected VAT liabilities.
Ensuring IT business stays on track through leadership change
For this IT supply and support company with 5 employees, the sudden change in their leadership team meant an uncertain strategic direction. Fortunately, they came to us for strategic-level help.
Staying on Course After Sudden Exit of Key Stakeholder
When this successful digital agency, with a healthy turnover and 12 employees, suddenly lost their founding shareholder, it really hit home.
Creating new revenue streams to survive economic uncertainty
No-one in business is immune to the wider economic landscape. And for this manufacturing company, a sudden downturn in orders was due to something out of their control – Brexit.
Improving financial picture for next stage growth
On the face of it, this event company looked like it was pretty successful. Turnover was at a healthy £3 million and there were 200 employees on the books. This company had big plans, but there was a problem.
Book your Xero Audit today
Already using Xero, but not sure your accounts are set up as well as they could be?
Show us your accounts, and we’ll review them for a fixed fee of £199.
If we can’t find you savings of at least twice what you pay for the review, you get your money back.
Click the button, fill in the form, and we’ll show you what Xero (and us) can really do.
