Fast facts

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£400 million turnover

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Trades in digital assets

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Aims to grow market share and become the leader in this field

The challenge

Our client was one month away from its year-end and urgently needed assistance in completing the previous year’s ongoing statutory audit.

How we helped

We quickly deployed a team of six, led by a senior project manager, to scope the core issues and generate the quality reconciliations needed for the imminent audit.

Our team worked tactfully and collaborated closely with the client’s finance team to calmly deliver the outputs.

This was a challenging project as the client's finance director (FD) left the role at short notice and a new chief financial officer was appointed. Fortunately, our project manager had built significant trust over the initial weeks of the project and was asked to lead the project delivery following the FD's sudden departure.

This was an exciting client for us and we’ve enjoyed working with them across a variety of finance projects, which we've successfully delivered thanks to the dedicated team we assembled to support the business. We’re looking forward to growing this relationship and also putting our expanding digital assets sector knowledge to good use.

Francesca Davies, Associate Director, Financial Accounting Advisory Services (FAAS)


The results

Over a four-month period, the month-end process was reduced from 20 days to six days as a result of the improved reconciliation processes introduced by our team.

On being asked to accelerate the production of the overdue 2020 statutory accounts, senior team members worked with the client’s external accounting team to resolve the outstanding financial reporting issues to the auditor’s satisfaction.

As a result, the client also engaged us to help execute their 2021 statutory process. Our most significant contribution to this was detecting an issue with the nature of trade investments. A review of individual trade contracts resulted in the client’s legal and commercial teams deciding that a new investment committee was required.

About our team

Our financial accounting advisory services (FAAS) team can help you deliver on business-critical projects by providing flexible, scalable resource and financial reporting expertise. We collaborate with large corporates, medium-sized businesses and not-for-profit organisations, working with your finance team to deliver the outcomes needed for your business. Your dedicated team will be assembled from both our permanent staff and our agile talent community to ensure you get exactly the right support. We work hand in hand to provide you with the best experience and the right expertise.

Rosamond Murphy

Rosamond Murphy