CAPABILITY STATEMENT 2019 - The network for doing business - UHY International
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CAPABILITY STATEMENT 2019
The network
for doing
business
UHY CAPABILITY STATEMENT 2019 3
WORKING TOGETHER INTERNATIONALLY FROM BERNARD FAY
UHY Chairman
UHY is a leading international network Overseeing the professional progress and continuing expansion of the UHY network as
THE FORUM OF FIRMS its Chairman for the last three years, has been an honour and a privilege. I look back with
of independent member firms providing pride at the way member firms across the world have supported their clients through
audit, accounting, tax and business The UHY network is a member of turbulent times, enabling growth, diversification, expansion – or just plain survival – in very
the Forum of Firms, an association of unpredictable economic and political circumstances. I have seen how member firms continue
advisory services across the globe. international networks of accounting to work together, learn together, and join forces to help their clients succeed internationally.
firms. The Forum’s goal is to promote This has always been our network’s driving force and the seamless service clients receive will
We work together with you to ensure you achieve your objectives. consistent and high quality standards continue to define UHY’s difference.
Our clients include publicly listed companies, privately owned of cross-border financial reporting
businesses, not-for-profit and public organisations. We tailor and auditing practices worldwide. For But it is the future that really excites me. Our profession, indeed our global society, is at a
our services to suit your culture. We share your aspirations and additional information on the Forum of crossroads. Throughout 2018, UHY’s regional and international conferences and meetings
we deliver customised, timely advice to help you make the right Firms, visit: www.forumoffirms.org raised the volume of debate on ways to address the opportunities and challenges that lie
business decisions. ahead. Whether this is the impact on our profession – and on our clients’ businesses – of new
At the time of printing, there are technology, or the changing demographics of the workforce, or the need to navigate new
The UHY network offers an exceptional competitive advantage 27 members of the Forum. regulations, the role of a UHY member firm as a trusted advisor will be paramount. I believe
— national capabilities, attentive personal service and a presence that with our focus on working together, growing our service lines to meet or anticipate
across major business centres globally. UHY people pride our clients’ changing needs, building our international brand alongside relentless pursuit of
themselves on their ability to combine local knowledge with FORUM OF FIRMS quality, then we will be able to support our clients’ unique ambitions with insight, flair and
national, regional and international expertise. peace of mind.
We are working with clients to embrace International Financial In this 2019 UHY Capability Statement, we present some examples of how UHY member firms
Reporting Standards (IFRS), as many of our clients have interests CLIENTS FEATURED IN THIS work with clients to meet challenges and get results. They are typical of the thousands of client
in at least one country outside their home base – and many have REPORT INCLUDE: engagements our member firms enjoy. What strikes me above all about our business, is the
broader international operations. diversity of work and longevity of relationships – both are well-represented in these case studies
from around the world. They also illustrate the effectiveness of the network’s global footprint,
Commitment to quality is one of our network’s main values — www.accellacorp.com which enables clients’ expansion across borders. From assisting the development of medical
and because it is so important to us, we strive to achieve this in supplies distribution across Latin America to the strategic internationalisation plans for a high
everything we do. UHY’s membership of the Forum of Firms and profile media content producer, UHY partners and teams continue to bring their international
commitment to IFRS means our clients have access to the same expertise to the table, adding enormous value for ambitious clients.
www.caplinpoint.net
quality of professional services as larger multinational players.
We not only have the global spread logistically but also the attest These are just a few of the reasons why I have such an optimistic outlook for the future, one
compliance infrastructure to deliver a transnational service that which I hope is shared by everyone who is a part of the UHY network. As we move through
any client of any size can depend on. www.cashconverters.es 2019 under the stewardship of the UHY Board and our new Chairman, I know our member
firms and clients will together continue to meet the demands of an ever-changing globalised
This new edition of our annual capability statement illustrates how world.
we have continued to strengthen our close working relationships www.lines.coscoshipping.com
with our clients locally, internationally or cross-border throughout
sectors, specialisms and geographical regions – and, more
importantly, it includes what our clients say about our services.
Best wishes
www.gubelin.com Bernard Fay
www.marketwall.com
www.strsolar.com
4 UHY CAPABILITY STATEMENT 2019 UHY CAPABILITY STATEMENT 2019 5
This audit showed t hat UHY member firms
THE HOUSE OF GÜBELIN MARKETWALL
are able to provide global audit services
SECTOR SECTOR
MINERALS, METALS & PRECIOUS STONES HIGH-TECH, ELECTRONICS & IT comparable to t hat of Big Four firms but
REGION REGION at a substantially lower price.
EUROPE, ASIA-PACIFIC, AMERICAS EUROPE, AMERICAS
The House of Gübelin is an internationally For anyone interested in the movements services for MarketWall. In
renowned family-owned firm known of stock markets, instant access to accurate Canada, UHY McGovern
for its high-end jewellery, gemstone and up-to-date information is crucial. Hurley performs audit and
expertise, and as purveyors of some of MarketWall was established in Milan, tax compliance services for
today’s most sought-after luxury watch Italy in 2014 to develop an accessible the group as a whole.
brands. Founded in 1854, this Swiss financial platform that combines
company remains wholly owned by the Overseas expansion was a challenge for RESULT technology, data and user experience SOLUTION
Gübelin family, and employs around 250 a family-owned company with deep Gübelin acknowledges that UHY’s to present information in innovative The connections between
people, many of them experts in jewellery, central European roots. Asian markets, expertise enabled a smooth expansion and accessible ways. Its applications are two UHY member firms
gemmology and horology. Headquartered in particular, can present cultural, fiscal into Asia and North America. currently available on Smart TVs, tablets, have proved essential
in Lucerne, the firm operates eight and regulatory difficulties for businesses smartphones and wearables, providing to the smooth flow of
boutiques in Switzerland and a private without specialist local knowledge. “We have grown from a national real time information to markets and accurate financial data
salon in Hong Kong. Its three Gübelin company to an internationally financial institutions. A partnership with between MarketWall and its parent capacity – which is often necessary in
Gem Labs, in Lucerne, New York and Hong SOLUTION operating luxury brand and Balmer- Samsung means MarketWall’s products company in Canada. In Italy, Andrea cross-border audits,” he says.
Kong, produce reports and gem analysis With those challenges in mind, Gübelin Etienne AG has been with us every step are available on 60 million devices Fantechi and his team handle the local
for famous auction houses, royal families asked Balmer-Etienne AG, UHY’s of the way,” says Raphael. around the world. account. Relevant information is passed The Analytix audit was quite complex,
and collectors. The Gübelin Academy is member firm in Switzerland to support to Glen McFarland, senior partner, UHY but again, UHY McGovern Hurley, with
based in Hong Kong and Switzerland. its international expansion. As well as core accountancy services, The company is part owned by Canadian McGovern Hurley, who leads the the help of UHY Bompani, provided a
UHY’s detailed knowledge of Gübelin’s AI and data company AnalytixInsight group audit. smooth and efficient service.
CHALLENGE Raphael Gübelin, President of the House business and the retail sector, together and Italian bank Intesa Sanpaolo. In 2017
The House of Gübelin has always been of Gübelin in its sixth generation says, with close collaboration between its 17 employees recorded a turnover of “The firms work together to get Paul Bozoki, CFO Analytix CFO, says,
about authenticity, expertise and “We needed a partner who was well Balmer-Etienne AG and Tai Kong CPA, EUR 2.8 million. the group audit requirements met “We have nothing but praise for the
inspiration. Creations from the luxury connected internationally and luckily our have delivered unexpected savings in accordance with Canadian public service we receive from UHY. This audit
brand, Gübelin Jewellery, are inspired by longterm accountants, Balmer-Etienne and efficiencies. CHALLENGE company reporting deadlines and showed that UHY is now a global
the inner world of coloured gemstones. AG, were able to support us through the MarketWall is a subsidiary of standards,” says Marco. audit firm able to provide services
UHY network – especially its Hong Kong “We are delighted with the audit work AnalytixInsight, a publicly listed comparable to that of a Big Four firm
Throughout the 20th century, Gübelin’s member firm, Tai Kong CPA Limited.” we receive from Balmer-Etienne AG company on the TSX Venture UHY member firms have valuable but at a substantially lower price.”
reputation for excellence spread, first and its UHY partners,” says Raphael. Exchange in Toronto and a client of experience in helping businesses at a
through Europe and then further afield Another accountancy firm was considered “At board level, we feel confident that UHY McGovern Hurley LLP. When similar growth stage to MarketWall. With big name partnerships already
but it has always remained firmly rooted but Urs Matter, head of audit, and his the numbers are verified carefully and MarketWall needed auditing services it The company has progressed rapidly in in place, the future looks bright for
in its home country. By the year 2000 team at Balmer-Etienne AG, based in as president of the family company, I seemed wise to keep it within the UHY the four years of its existence, securing this progressive FinTech business.
the company operated boutiques in Lucerne, Switzerland, developed a deep know that our partners go beyond the network, for reasons that Marco Roscio, a number of extremely valuable When it comes to its own financial
Switzerland (Lucerne, Zurich, Berne, Basel, understanding of Gübelin’s culture and basic assignment, pointing out possible CEO of MarketWall, explains, “The partnerships. It remains a development information, MarketWall has put its
Lugano, Geneva, St. Moritz) alongside requirements. Raphael says, “We were improvements to our tax position group auditor in Toronto has certain stage business, with huge potential. faith in the cumulative knowledge of
its jewellery atelier and the independent able to continue with the people who or processes.” requirements related to the audit of the UHY network.
gemmological laboratory. Though it had were already familiar with our company MarketWall. UHY Bompani in Milan, RESULT
an international reputation it did not and our expansion plans.” UHY IN THE RETAIL SECTOR Italy became our auditor so that it could The outcome has been a seamless audit UHY IN THE TECHNOLOGY SECTOR
yet have an international presence. As a network, UHY has wide experience plan and perform audit procedures service satisfying the needs of both the The UHY network has wide experience
UHY member firms now provide in the retail sector. We work with luxury related to MarketWall in conjunction parent company in Canada and the in the technology sector, helping
As the new century began, the audit services in Switzerland and brands, major international retail chains with the needs of the group auditor subsidiary in Italy. Marco says the service established technology leaders
company started planning their global Hong Kong – tax compliance work and single market businesses. Our in Toronto. has been well judged, given the size of his and innovative start-ups. As well as
expansion. The House of Gübelin as well as social security compliance specialists around the world understand company and its stage of development. traditional accountancy services, our
opened its first overseas gemmological advice and legal support. the needs of retail clients, from stock “The firms are expected to cooperate members give business advice to high
laboratory, in Hong Kong, in 2010, monitoring to supply chain logistics. to ensure the needs of MarketWall and “The firm has a good understanding of growth technology companies looking
followed by a private salon in Hong The local knowledge of member Our collaborative international network Analytix are met in an efficient and how to efficiently audit development to expand into overseas markets, and
Kong in 2013. That same year, the firms across the network and UHY’s (currently operating in over 95 countries) effective manner.” stage companies which have fewer to start-ups seeking development
Gübelin Academy was founded in proven retail expertise have been means that, when clients look to expand, financial resources than more stage funding. Our technology experts
Hong Kong. Today Gübelin runs a third invaluable for Gübelin’s successful UHY member firms can provide all the UHY Bompani – in compliance with established companies, and I are well versed in the challenges and
gem lab in New York. international operations. specialist local knowledge they need. Italian law – can only perform audit appreciate their problem-solving opportunities of a unique sector.
6 UHY CAPABILITY STATEMENT 2019 UHY CAPABILITY STATEMENT 2019 7
“You need strong partners who
understand your values and
UHY has helped STR plan a new product relationships. As well as Jerry, Stacey There was a terrific
STR HOLDINGS, INC ACCELLA Massa and Denise Pisciotta from UHY
launch, wit h investment secured for entering were all outstanding.” par tnership and a
SECTOR SECTOR
ENERGY t he high-end packaging manufacturing CONSTRUCTION terrific relationship.
Another deciding factor was the potential
REGION business in 2019. REGION for easy access to UHY’s international
AMERICAS, ASIA-PACIFIC, EUROPE AMERICAS, EUROPE network. Even at an early stage, Accella
wanted to move into Europe. An player in the US in at least two of its
acquisition would also lead it into markets, and growing in others.
STR Holdings, Inc. (STR), is a publicly- satisfied with the level of service from its Accella produces essential polymer- Canada at a later date.
listed US company that researches, previous auditors. We chose UHY based based materials which are all around It had reached where it wanted to be,
develops and produces polymer based on past experience of working with them us – in building insulation, tyre fill, SOLUTION achieving almost a half billion dollar
encapsulants for the solar industry. and the quality of the engagement team roof coating and many more. The Bryan acknowledges that UHY’s task business. In November 2017, Accella was
Encapsulants hold solar modules presented to the management team of company’s recycled rubber products was not an easy one, given the sheer sold to Carlisle Companies in what Bryan
together and protect them so they can STR and its audit committee.” are found in everything from number of new businesses Accella had describes as “a very good marriage and
generate power efficiently. Based in playground surfacing to running to assimilate in a short space of time. an excellent price”.
Connecticut, US, STR enjoys collaborative SOLUTION tracks. Accella’s advanced in-house By 2017, all these companies had been
long-term relationships with solar Michael Burke, audit and assurance research facility produces speciality consolidated into Accella’s systems He says, “We had acquired 11 or 12
module manufacturers in Asia, Europe partner and his team at UHY LLP in New and bespoke products for a range of and processes. They were working companies, a lot of change, so Carlisle was
and North America, providing technical York started building relationships with building applications. This versatility individually, as successful operations in about bringing some stability – very strong
support from product development STR’s executive team and understanding made Accella the leading independent their own right, and also contributing cash flow, very good growth objectives,
to manufacture. The company is also its challenges. Over the last five years, polyurethane systems house in North to the success of the wider group. UHY and Carlisle demonstrated a very good
preparing to move into the high-end as the business looked to reinvent itself, America, with a turnover of USD 430m. got to know each business in turn, performance track record themselves in
plastic packaging sector. UHY’s engagement and attention to In November 2017, the company was working to understand their culture and one of our component industries.”
detail has remained solid throughout. sold to Carlisle Companies, one of the challenges, and helping to integrate
CHALLENGE world’s leading developers of building them professionally and efficiently. UHY LLP was fully involved in the sale,
Founded in 1944 as a plastics and “We receive more attention from senior supplies and related technologies. offering audit, tax and due diligence
industrial materials research and members of the engagement team at “There was a terrific partnership and a assistance throughout, and helping to
development company, STR created UHY LLP who have always been there for CHALLENGE terrific relationship – really, that is the create an atmosphere of transparency
many innovative plastics still in use today. us when we have encountered reporting In 2012, Accella purchased St. Louis key to why our work with UHY was so that ensured a smooth and seamless
During the 1970s, the company’s expertise and accounting issues,” says Thomas. It retains its expertise in researching based Dash-Multi Corp, triggering half a successful,” Bryan adds. “Whatever we transfer. Now complete, Accella is ready
in polymer-based substances started to and developing sophisticated polymer- decade of strong acquisition-led growth. accomplished, they helped us achieve it to take the next step in its development
service a tiny solar energy sector. STR’s STR has also drawn on the expertise of based solutions and has entered into Accella acquired another 11 businesses, in a remarkably short time.” as part of Carlisle Companies’ global
decade-long encapsulant development the wider UHY network. Member firms a partnership with a toll processing becoming the leading US player in portfolio of leading specialist brands.
programme gave rise to 30 years of Zhonghua Certified Public Accountants (outsourcing) operation in India to several of its sectors. With that kind of UHY LLP drew on its international
growth and international expansion. LLP, Shanghai, UHY Fay & Co, Madrid, better serve customers there. ambition, it needed an audit and tax firm contacts as Accella’s overseas ambitions UHY IN THE MANUFACTURING SECTOR
UHY in Malaysia and Chandabhoy & with the focus, expertise and reach to came to fruition, engaging first Dr Leyh, From local firms to multinationals,
By 2012, STR had secured a leading Jassoobhoy, Mumbai have contributed STR is well-placed to exploit any upturn guide it through an era of unprecedented Dr Kossow & Dr Ott KG, UHY’s member member firms across the UHY network
position in the global encapsulant local knowledge to STR’s statutory audits in solar – but also recognises the need expansion and – eventually – help it move firm in Cologne, Germany, and later UHY have extensive experience in offering
market, with operations in Spain and and strategic planning. to diversify. UHY member firms have beyond national borders. Victor, LLC in Montreal, Canada. tailored services to the manufacturing
Malaysia, as well as the US. Solar was helped STR plan a new product launch, sector. Services include tax and corporate
now big business, with new players RESULT with investment secured for entering UHY LLP came on board in 2014. RESULT services, advising on corporate structure,
entering the sector. STR was squeezed The last few years have been the high-end packaging manufacturing Accella’s CFO Bryan Johnson says that The result was that Accella was able to finance advice and transfers of going
by conglomerates like 3M and low-cost challenging, but advice from UHY has business in 2019. UHY LLP and member UHY’s US member firm combined acquire and integrate companies and concerns. Businesses looking to expand
providers in Asia, either competing helped STR navigate accounting and firms in Spain and elsewhere will several factors Accella considered of drive its ownership objectives. By 2017 overseas also benefit from the close
directly or undercutting its customers. reporting complexities arising from continue to offer support during the fundamental importance. In particular, those ambitions had largely been met, relationships between UHY member
its decision to dispose of loss-making next phase of STR’s development. Jerry Townsend, partner, UHY LLP, and with Accella the leading or joint leading firms around the world.
With its unparalleled product expertise, manufacturing sites in Malaysia and his team at the St. Louis office impressed
STR decided to reposition as a high- China, reorganise its encapsulant UHY IN THE MANUFACTURING SECTOR him with their knowledge, drive and
quality niche manufacturer and began business to better serve its customers Member firms across the UHY network attention to detail, alongside an obvious
a process of strategic consolidation and convert assets to cash for potential have extensive experience in offering desire to build longlasting relationships.
supported by UHY LLP in New York. reinvestment. tailored services to the manufacturing
Thomas D. Vitro, STR’s vice president sector, including tax and corporate “We needed a relationship that would
and chief accounting officer, says, “The The company is now smaller and more services, advice on corporate structure, be easily accessible,” says Bryan. “We
company changed auditors from a Big agile, retaining a sophisticated research, finance and transfers of going concerns. knew that we needed partners. I think
Four firm to UHY LLP in 2013, a firm development and pilot manufacturing Businesses looking to expand overseas that’s something that, as Jerry and I have
providing more personal service at a base in Connecticut, and a high-tech also benefit from the relationships discussed, is essential when it comes to
more reasonable fee level. STR was not manufacturing centre in Asturias, Spain. between UHY member firms globally. working in the private equity world.
8 UHY CAPABILITY STATEMENT 2019 UHY CAPABILITY STATEMENT 2019 9
Amazon, Apple, Facebook, YouTube
and Instagram are all developing
DREAMLIGHT INTERNATIONAL programming efforts of their own, Who bet ter t han Wit h UHY member firms, we have achieved
PRODUCTIONS S.L. and many more are ready to compete. CAPLIN POINT
Bernard to help good management of fiscal, legal and
SECTOR SECTOR
MEDIA AND COMMUNICATIONS
It is an extraordinary opportunity for
us plan for our PHARMACEUTICAL statistical controls.
experienced writers and producers.
REGION So what steps could Dreamlight take international future? REGION
EUROPE to become a major presence on the ASIA, AMERICAS
international stage?
Dreamlight International Productions THE SOLUTION Bernard agrees. “We will analyse Caplin Point Laboratories is an American market to a leading supplier of
S.L. (Dreamlight) is an exciting new Having worked closely with Joseph which products will most suit each Indian producer of over-the-counter consumer pharmaceuticals. Its expanding
joint-venture business based in Madrid. Fay, joint managing partner, UHY Fay distributor, based on its consumer medicines, founded in Chennai in 1990. product list in the region includes
It is a private producer of media content & Co, in establishing the Dreamlight demand, and evaluating production Unusually, it does most of its business vitamins, antibiotics and cardiovascular
for entertainment and its founders are joint-venture in Madrid, José Luis and cost. The priority will be to create in Latin America. In the early 2000s the medicines. Caplin Point plans to move
unlike any other entrepreneurs in a fast- Alejandro had no need to look further products that are universal and travel business decided to skip the crowded further into South America and north
changing, on-demand creative industry for advice on taking their business well across countries and different regional export markets of South Asia into the US in coming years.
that is set for explosive growth. global. Joseph’s brother, Bernard Fay, cultures. In this way we minimise to focus its efforts on less competitive
joint managing partner and chairman the investment required and the environments in the Dominican Republic S.A De CV), Honduras (UHY Auditores UHY member firms have supported
José Luis Moreno is an entertainment of UHY’s international network, is production time. At contract stage and Guatemala. Caplin’s founder, C.C. y Consultores, S.A) and the Dominican that expansion and helped to smooth
veteran of over 40 years and one of Spain’s a specialist in developing clients’ we can also enlist local help from our Paarthipan, braved drug lords and Republic (UHY Canahuate Calderon the integration of new wholesalers
most respected and experienced TV international capabilities. UHY colleagues in those countries.” unhappy competitors to set up a base & Asociados) have contributed to the and pharmacies. “We need an
series and programme producers. Having in the region, but early challenges no successful expansion of Neoethicals and accountancy firm to help us minimise
developed his career in Europe and Latin “Having worked with Joseph, we knew the Where does Dreamlight want to be longer exist. Today, Caplin Point has 2,000 the wide infiltration of Caplin Point risks and comply with different
and North America, José Luis is responsible quality, personal attention and excellence in three years? José Luis insists he products licenced across the globe and products into Latin American markets. tax regulations and policies – UHY
for creating high-quality popular we could expect, so who better than will leave the planning to UHY Fay & operates in 11 Latin American countries member firms have been of great
entertainment across romance, comedy, Bernard to help us plan our international Co. “I like to be surprised by life!” In (along with various parts of Africa). SOLUTION assistance here,” says Mr Valdez.
musicals, drama and opera. Joining José future?” says José Luis. “There is a UHY truth, the business aims to be creating The extensive UHY member firm network
Luis as the other half of this well-invested community across the world and we know and satisfying international demand CHALLENGE in the region collaborates on the Thanks to UHY Pérez & Co UHY
enterprise (a cash budget of 12.5 million our plans are in good hands.” for multilingual, multicultural Caplin Point is still headquartered company’s financial and fiscal accounts colleagues from the other countries of
euros, plus studio and royalty assets, mean content. “It is the biggest in Chennai, even though its main and uses its wide local knowledge to operation, Neoethicals now benefits
a total investment in excess of 20 million The feeling is mutual. According to differentiator,” says Bernard. business involves supplying nearly offer authoritative legal and financial from reclassified accounts and an
euros) is international award-winning Bernard Fay, Dreamlight has a very 4,000 pharmacies in Latin America. To advice. UHY member firms provide improved presentation of financial
writer and businessman, Alejandro strong credential. “José Luis and The last word goes to José Luis. achieve that, it maintains a substantial information on matters of importance statements. Despite sometimes
Guillermo Roemmers. José Luis describes Alejandro have incredible track records “Joseph and Bernard are our best distribution operation in the region, to Neoethicals’ business model, like challenging markets, Caplin Point has
their working relationship as ‘magical’. and unparalleled industry knowledge,” ambassadors and our friends. There called Neoethicals. Neoethicals distributes extended payment terms. The strength a better understanding of its reach and
he says. “The business has financial is chemistry, understanding, intensity Caplin Point medicines to wholesalers of the UHY network in the region was a impact across Latin America.
THE CHALLENGE strength, and five state-of-the-art studios and real focus. But of course, we will and retailers in Guatemala, El Salvador, key consideration for Neoethicals.
Both men share the same belief – in Madrid. They are independent, so can squeeze them hard!” For UHY Fay & Honduras, Nicaragua, Costa Rica, Panama, “With UHY member firms, we have
that consumer demand across the enjoy full creative freedom as well as Co, this sort of pressure is a delight, Ecuador, Chile, Venezuela, Paraguay Mr Hector Valdez, general manager achieved good management of fiscal,
world for quality television content maximising profits. They have everything and the Dreamlight project appears and the Dominican Republic. It employs of Neoethicals, says, “We work with legal and statistical controls,” says Mr
is growing exponentially and with they need to fulfil their ambition.” set for success. approximately 300 people and bills UHY because of their professionalism Valdez. “It is reassuring to know that, if
it the opportunity to be a producer between USD 60m and USD 80m per year. and coverage in the region. We have a and when we target new markets in the
of choice. In addition to national THE RESULT UHY IN THE MEDIA AND wide distribution network across several region, a UHY member will be able to
broadcasters, the giants like Netflix, The first fruits of Dreamlight’s expansion COMMUNICATIONS SECTOR This large and diverse operation requires countries with their own fiscal and legal supply us with the local information we
strategy is an action plan drawn up with From film production to mobile a considerable amount of cross-border requirements, so it is good to work with need to progress.”
UHY Fay & Co, called The Global Dreams marketing, UHY member firms work cooperation, not least from outsourced a business with local expertise in each of
Project. Combining robust business with clients across the media and professional service providers. Neoethicals our markets.” UHY IN THE PHARMACEUTICAL SECTOR
advice with an exceptional international communications spectrum. As the is based in Guatemala and UHY’s UHY member firms offer financial and
mindset, the plan aims to secure quality industry becomes ever more global involvement is coordinated by René Pérez Neoethicals considered a Big Four legal advice, and traditional accountancy
television and digital platform content in its outlook, clients can draw on Ordóñez, director at UHY Pérez & Co, accountancy firm, but felt they needed services, to a wide range of large and
distribution worldwide. José Luis says, specialist knowledge and insight Guatemala City. As Neoethicals spread more personal attention as they small companies in the pharmaceutical
“The first step is to carry out market from both mature and emerging across Latin America, work was referred expanded, particularly as the Latin sector. We are expert in the stringent
research to identify well-established markets. Member firm experts across to other UHY member firms, the first American pharmaceutical market is less regulations that govern the sale of
distributors, leaders in their respective the network also have significant of which was UHY in Honduras (UHY stringently regulated than elsewhere. many pharmaceutical products, and
markets. Then we meet and determine experience of specific issues affecting Auditores y Consultores, S.A). have experience in the intricacies of
From the series Queens Virgin & Martyr, produced by José the possibilities for a win-win agreement the sector such as structuring of RESULT pharmaceutical exports, supply chain
Luis Moreno about the rivalry between Queen Elizabeth I – the project must be based on mutual royalty agreements, licensing and the More recently, member firms in El In just 13 years Neoethicals has gone management and generic/brand
and Mary Queen of Scots. Produced for Spanish Television
and Amazon. trust and long-term relationships.” valuing of intellectual assets. Salvador (UHY Asesores Y Consultores, from being a new entrant in the Latin considerations.
10 UHY CAPABILITY STATEMENT 2019 UHY CAPABILITY STATEMENT 2019 11
The challenges of rapid digitalisation
have been matched by a demanding Cash Conver ters
COSCO (UK) The deep relationship it has forged wit h CASH CONVERTERS ESPAÑA
compliance environment in Spain
España knows t hat,
and the diverse structure of Cash
SECTOR UHY Hacker Young over 30 years will help it SECTOR
Converters España itself. Its stores are
whatever t he future
divided almost equally into corporate
TRANSPORT & INFRASTRUCTURE RETAIL
char t a tranquil course. and franchise models, something else holds – and t hat
REGION REGION its advisors at UHY Fay & Co have had
EUROPE, ASIA EUROPE, ASIA-PACIFIC to take into account. may well include
SOLUTION
overseas expansion
Cosco (UK) Ltd is the UK arm of the UK, since the shipping company was that, as Romeo says, “we do not want In 1984 the very first Cash Converters As Susana says, Cash Converters España – t he UHY networ k
global Cosco empire, the fourth largest founded in 1988. Director Romeo to change.” He adds that UHY HY’s store opened in Perth, Australia. Today, needs advisors with expert and up-
cargo shipping company in the world. Mendoza remembers the decision to expert help is invaluable during audit, Cash Converters’ determination to to-date local knowledge, a thorough can suppor t it.
The UK operation employs 50 staff of get UHY HY on board. when the Chinese holding company bring modern retail practices to the understanding of the retail environment,
its own and boasts a turnover of nearly also monitors results closely. sale of secondhand goods is reaping and access to an international network
GBP 31.5m (USD 40.9m). That figure “In 1988 we were a small company, global rewards. The group boasts in the event that plans for overseas
excludes Cosco Maritime, a containership and I knew somebody at UHY HY “We know that the Chinese company over 750 stores in 18 countries. Cash expansion came to fruition. She RESULT
leasing company acquired by Cosco (UK) so I contracted them to do our first will raise questions every year, so that Converters España is one of its most acknowledges that UHY Fay & Co UHY Fay & Co helps Cash Converters
at the end of 2017. The core UK business audit. What we needed after that was continuity is important. When questions successful international offshoots, with have been instrumental in guiding España navigate Spain’s complex
operates seven container ships on a continuity, a company that could stay are asked we know we can pass them 82 stores in Spain and six in Portugal, the company and helping it evolve. regulation, and expand its physical
route from China to Europe, with various with us as we added volume. They got to on to the team at UHY and get an alongside an increasingly important and store and online operations. Most
stop-off ports in between, and acts as know our business and the industry well answer within the hour,” he says. profitable digital channel. Together, the “Because Spain is so complex, it is fundamentally, the firm’s advice
logistical hub for the wider group’s and it was logical to stay with them.” Iberian operation generated a turnover very normal for an external advisor to saves the business money, as Susana
European operations. Romeo believes that they make the of EUR 144m in 2017. help you,” she says. “Keeping up with explains: “In one instance, the
audit process as straightforward and compliance in Spain is a full-time job in Spanish local authorities wanted to
CHALLENGE pain-free as possible. He values how CHALLENGE itself, which is why it is always good to apply double taxation to some of
Cosco (UK) operates in a complex global quickly the team responds to requests, Cash Converters España operates reach out to someone who has really our trade and, with the help of UHY
industry, where competition is fierce and which reinforces Cosco’s own business in a challenging environment, for a up-to-date and expert knowledge.” Fay & Co, we won the argument and
an empty ship haemorrhages money. efficiency, meaning decisions can be number of reasons. Most notably, saved a significant amount of money
taken without delay. after a period of rapid store expansion in taxes.”
From an administrative perspective, the in the early 2000s, the likes of eBay
company also faces the challenge of “Because of the good relationship we appeared on the horizon. The Perhaps most importantly, Cash
being a cog in a much larger international have built with UHY HY we know that company has met the challenge of Converters España knows that, whatever
operation. Its Shanghai-based parent if we have a question to ask out of the online auction sites head on. the future holds – and that may well
company is one of the world’s leading blue, we can just call them,” he says. include overseas expansion – the UHY
cargo shipping operators, operating 373 UHY Hacker Young has conducted the “I think we should be very proud to be network can support it.
container vessels across 400 international company’s audit every year since, with Cosco (UK) recently asked for UHY’s here today and doing well,” says Susana
and domestic routes. A cargo capacity one exception. Romeo says that on specialist advice as it looked to diversify Serrano-Davey, CFO at Cash Converters “Having someone who is strong locally
of nearly 21 million TEU (Twenty-Foot that occasion he was persuaded against its business – particularly during the España. “We have managed to compete and is able to deal with the specific
Equivalent – a common measure of his better instincts to engage a top six purchase of Cosco Maritime, its new in the market with eBay and all the complexity of the local market, but is
shipping capacity) in 2017 makes it the accountancy firm instead. He would not container ship leasing company. UHY other second-hand sales platforms, also able to access a reputable network
fourth largest shipping line in the world, do so again. “They just didn’t know the helped the purchase progress smoothly, and to do so effectively, even though of firms worldwide, is valuable,” says
and the biggest in Asia. The Chinese business the way UHY did, they asked a and as Cosco (UK) looks to the future, it they don’t buy and sell themselves. “Also in the last few years we have Susana. “Bernard Fay and his team have
company also supplies a series of related lot of questions and the whole process knows that the deep relationship it has The difference in our model is that we embarked on a digital transformation been of great value in our journey. Their
services, employing train and trucking was slower and less efficient. The next forged with UHY Hacker Young over 30 will buy from somebody and sell to journey, requiring additional legal professionalism and technical abilities
teams to provide a true door to door year, we went back to UHY Hacker years will help it chart a tranquil course. somebody else, whereas these platforms advice. We are constantly exploring new are an asset.”
supply-chain solution. Young,” he adds. act as intermediaries.” business opportunities at home and
UHY IN THE SUPPLY CHAIN SECTOR internationally and therefore having a UHY IN THE RETAIL SECTOR
Cosco (UK) benefits from this global Romeo currently works closely with Mital From shipping and trucking companies The arrival of eBay et al did prompt a strong advisor that can guide us through UHY members firms work across the
reach, offering a smooth and Shah, Martin Jones, Richard Lloyd-Warne to specialist manufacturers, UHY have shift in corporate strategy, however. the detail is very important to us.” sector, ranging from single market
uninterrupted container line service to and the team at UHY Hacker Young’s a world of expertise in the supply chain In recent years bricks and mortar store retailers to major international fashion
its clients. At the same time, being part London office. UHY HY handles the sector. Our specialists are acutely aware expansion has slowed, leaving the A strong relationship has developed brands. UHY specialists understand issues
of a larger foreign-owned corporation company’s audit and tax report, offering of the complexities of a fast-moving company free to focus on implementing between Bernard Fay and his team like managing internal controls, stock
can add a layer of complexity to financial expert advice alongside traditional industry, where timely and accurate an ambitious digital plan. Online retail and Cash Converters España, both at a monitoring and supply chain logistics.
planning and auditing. accountancy services. information is vital. Services include is now a major part of its offer, making senior level and within the operational We provide tailored accountancy and
cross-border tax and audit services, Cash Converters España the only business teams. UHY Fay & Co has gained advisory services such as tax planning
SOLUTION RESULT advising on corporate structure, of its scale and status buying directly a thorough understanding of the and compliance, financial reporting,
Cosco (UK) has been working with The most significant result of three finance advice and the purchase and from consumers online. company and its challenges. strategic planning and risk assessment.
UHY Hacker Young (UHY HY), London, decades of collaboration is simply sale of assets.
12 UHY CAPABILITY STATEMENT 2019 UHY CAPABILITY STATEMENT 2019 13
BELARUS DOMINICAN REPUBLIC GHANA ISLE OF MAN MALTA
UHY Canahuate Calderon & Asociados, UHY Voscon Chartered Accountants, Accra UHY Crossleys LLC, Ballasalla UHY Pace, Galea Musù & Co, Ta’ Xbiex
THE NETWORK FOR UHY BusinessCollegia LLC, Minsk
Santo Domingo Contact: Henry Djangmah Contact: Andrew Pennington Contact: David Pace
Contact: Denis Kastsian
DOING BUSINESS Email: audit@collegia.by Contact: Arabellis Calderón González Email: info@uhyvoscon-gh.com Email: apennington@crossleys.com Email: djpace@uhymalta.com
Email: info@uhycanahuatecalderon.com Website: www.uhyvoscon-gh.com Website: www.crossleys.com Website: www.uhymalta.com
• A global network of auditing, Website: www.collegia.by
Website: www.uhycanahuatecalderon.com
accounting, tax and consulting firms UHY Godwinson (Chartered Accountants), Accra ISRAEL MAURITIUS
BELGIUM
Contact: Godwin Azasu UHY Shtainmetz Aminoach & Co.,* Tel Aviv
• Over 8,100 professionals in more UHY-CDP Partners, Brussels ECUADOR UHY & Co., Port Louis
Email: info@uhygodwinson-gh.com Contact: Kobi Shtainmetz Contact: Dominique Samouilhan
than 320 business centres in over Contact: Chantal Bollen UHY Assurance & Services Cia. Ltda., Quito
Website: www.uhygodwinson-gh.com Email: k@cpa.co.il
Contact: Freddy Cevallos Bustamante Email: dsamouilhan@uhy.co.mu
95 countries Email: c.bollen@cdp-partners.be Website: www.cpa.co.il Website: www.uhy.co.mu
Email: f.cevallos@uhyassurance.ec
• Commercially focused services Website: www.cdp-partners.be
Website: www.uhyassurance.ec GREECE
for clients with international Also in: Liège UHY Axon Certified Auditors S.A., Athens ITALY MEXICO
Contact: Stavros Nikiforakis UHY Bompani Srl (Audit),* Milan UHY Glassman Esquivel y Cía S.C.,* Mexico City
business interests EL SALVADOR Contact: Andrea Fantechi
CAMEROON Email: info@axonaudit.gr Contact: Oscar Gutiérrez Esquivel
UHY Asesores Y Consultores, S.A De CV., San Salvador
• Comprehensive resources UHY BBI Advisory & Audit, Yaounde Website: www.axonaudit.gr Email: milano.audit@uhyitaly.com Email: oge@uhy-mx.com
Contact: Bryan Pérez Website:www.uhyitaly.com
and capabilities Contact: Isaac Joel Bela Belinga Email: bperez@uhy-sv.com Also in: Crete Website: www.uhy-mx.com
Also in: Brescia, Florence, Novara, Padova, Pisa, Also in: Monterrey, Querétaro, Villahermosa
Email: isaac.bela@uhy-bbi.com Website: www.uhy-sv.com Rome, Trento
ALBANIA GUATEMALA
Also in: Limbe, Yaounde UHY Advisor Srl (Tax & Accounting), Rome MOROCCO
UHY Elite sh.p.k, Tirana FINLAND UHY Pérez & Co,* Guatemala City
Contact: René Pérez Ordo’ñez Contact: Cristiano Fasanari UHY Ben Mokhtar & Co, Tangier
Contact: Artan Xhiani CANADA UHY TietoAkseli, Jyväskylä Email: roma.advisor@uhyitaly.com Contact: Mohamed Ben Mokhtar
Email: info@uhy-elite.com Contact: Harri Kanerva Email: rperez@uhy-perez.com
UHY McGovern Hurley LLP,* Toronto Website: www.uhyitaly.com Email: contact@uhy-benmokhtar.ma
Website: www.uhy-elite.com Email: info@tietoakseli.fi Website: www.uhy-perez.com
Contact: Glen McFarland Also in: Florence, Milan, Novara Website: www.uhy-benmokhtar.ma
Website: www.tietoakseli.fi GUERNSEY
Email: gmcfarland@uhymh.com JAPAN
ANGOLA Also in: Helsinki, Ikaalinen, Mikkeli, Louvre Trust (Guernsey) Limited, St Peter Port MOZAMBIQUE
Website: www.uhymh.com Oulu, Pieksämäki, Ruovesi, Tampere UHY Tokyo & Co., Tokyo
UHY A Paredes e Associados-Angola Contact: Derek Baudains UHY Auditores e Contabilistas Certificados,
Contact: Nobuyuki Hara
Auditores e Consultores, S.A., Luanda UHY Victor LLP, Montreal Email: info@louvregroup.com Email: info@uhy-tokyo.or.jp Limitada, Maputo
Contact: Armando Paredes Contact: Ken Shemie FRANCE Website: www.louvregroup.com Contact: Carlos Sitoe
Website: www.uhy-tokyo.or.jp
Email: aparedes@uhyangola.com UHY GVA,* Paris Email: uhy.sec@uhy-mz.com
Email: kshemie@uhyvictor.com Also in: Kyoto
Website: www.uhyangola.com Contact: Muriel Nouchy
Website: www.uhyvictor.com HONDURAS NETHERLANDS
Email: muriel.nouchy@uhygva.com
UHY Auditores y Consultores, S.A., Tegucigalpa JORDAN Govers Accountants/Consultants,* Eindhoven
ARGENTINA Website: www.uhygva.com UHY Arab Auditors, Amman
CHILE Contact: Omar Pérez Rosales Contact: Paul Mencke
UHY Macho & Asociados,* Buenos Aires Also in: Lyon Contact: Nabil Haddad
UHY Guiñazú & Asociados SpA.,* Santiago Email: operez@uhy-hn.com Email: mencke@govers.nl
Contact: Roberto Macho Website: www.uhy-hn.com Email: nih@arabauditors.jo Website: www.govers.nl
Contact: Juan Olivares H. GEORGIA Website: www.arabauditors.jo
Email: rmacho@uhy-macho.com Also in: San Pedro Sula
Email: jolivares@uhy-cl.com UHY LLC, Tbilisi
Website: www.uhy-macho.com NEW ZEALAND
Website: www.uhy-cl.com Contact: Guka Ubiria KAZAKHSTAN
HONG KONG UHY Haines Norton (Auckland) Ltd,* Auckland
AUSTRALIA Email: gubiria@uhy-ge.com UHY SAPA-Consulting LLP, Almaty
Tai Kong CPA Limited,* Hong Kong Contact: Grant Brownlee
CHINA Website: www.uhy.ge Contact: Kamazhay Konobayeva Email: grantb@uhyhn.co.nz
UHY Haines Norton* Contact: Robert Kong
ZhongHua Certified Public Accountants LLP,* Email: office@uhy-kz.com Website: www.uhyhn.co.nz
Contact: Michael Coughtrey Email: robertkong@tkcpa.com.hk
GERMANY Website: www.uhy-kz.com
Email: mcoughtrey@uhyhn.com.au Shanghai Website: www.tkcpa.com.hk Also in: Helensville, Kumeu
UHY Deutschland AG* Also in: Aktobe, Astana, Atyrau, Shymkent, Ural’sk
Website: www.uhyhn.com Contact: Yong Sun
Contact: Dr Ulla Peters UHY Vocation HK CPA Limited,* Hong Kong NIGERIA
Offices in: Adelaide*, Brisbane*, Busselton, Email: info@zhonghuacpa.com
Email: berlin@uhy-berlin.de Contact: David Ng KENYA
Dunsborough, Gladstone, Melbourne, Perth, UHY Maaji & Co, Lagos
Website: www.zhonghuacpa.com Website: www.uhy-deutschland.de UHY Kenya, Nairobi
Email: dng@uhy-hk.com Contact: Gabriel Idahosa
Sunshine Coast, Sydney* Also in: Anhui, Beijing, Guangdong, Hangzhou, Contact: Daniel Kabiru
Website: www.uhy-hk.com Email: info@uhy-ng-maaji.com
Clostermann & Jasper Partnerschaft mbB, Bremen Email: dkabiru@uhy-ke.com
Jiangsu, Shenzhen Website: www.uhy-ng-maaji.com
AUSTRIA Contact: Tobias Stuber Website: www.uhy-ke.com
HUNGARY Also in: Abuja, Benin City, Ebutte Metta, Ejigbo,
UHY-Tax Wirtschaftstreuhand GmbH, Linz Email: info@clostermann-jasper.de
CROATIA Bergmann Accounting & Auditing, Budapest Garki, Kaduna, Kano, Lokoja, Maiduguri, Owerri,
Contact: Stephan Schlager Website: www.clostermann-jasper.de KOREA, REPUBLIC OF
UHY HB EKONOM d.o.o., Split Contact: Péter Bergmann Port Harcourt, Yola
Email: office@uhy.at Also in: Hamburg UHY Seil Accounting Corp,* Seocho, Seoul
Contact: Helena Budisa Email: peter.bergmann@bergmann.hu Contact: Sam-Won Hyun
Website: www.uhy.at Dr. Langenmayr GmbH
Email: split@uhy.hr Website: www.bergmann.hu NORWAY
Also in: Horn, Salzburg, Vienna, Villach Email: cpahn@hanmail.net
Wirtschaftsprüfungsgesellschaft, Munich Revisorgruppen AS, Oslo
Website: www.uhyincroatia.com Website: www.seiltax.co.kr
Contact: Johannes Bitzer INDIA Also in: Chungmuro (Seoul), Contact: Kirsti Armann
AZERBAIJAN UHY RUDAN d.o.o., Zagreb Email: lp@dr-langenmayr.de Email: post@rg.no
Chandabhoy & Jassoobhoy, Mumbai Songpa (Seoul), Yeouido (Seoul)
UHY AZAUDIT LLC, Baku Website: www.dr-langenmayr.de Website: www.rg.no
Contact: Iva Cerovsky Contact: Sunil Hansraj
Contact: Afig Israfilov Also in: Aalesund, Aandalsnes, Arendal, Bergen,
Email: info@uhy.rudan.hr Dr. Leyh, Dr. Kossow & Dr. Ott KG, Cologne Email: sunil@cnj.in KUWAIT
Email: info@azaudit.az Drammen, Foerde, Kolbotn, Kristiansand, Kvam/
Website: www.uhyincroatia.com Contact: Gunter Stoeber Website: www.cnj.in UHY Fawzia Mubarak Al-Hassawi, Kuwait City
Website: www.azaudit.az Contact: Fawzia Al-Hassawi Norheimsund, Namdal, Sarpsborg, Steinkjer, Stjordal,
Email: koeln@lko.de Trondheim, Ulsteinvik, Volda
Lodha & Co,* Kolkata Email: info@uhy.com.kw
CYPRUS Website: www.lko.de
BAHAMAS Contact: R.P. Singh Website: www.uhy-kw.com
UHY Bain & Associates, Nassau UHY Antonis Kassapis Limited, Nicosia Kullen Müller Zinser Treuhand GmbH, Stuttgart Email: rpsingh@lodhaco.com PAKISTAN
Contact: Dr. John S. Bain Contact: Antonis Kassapis Contact: Sebastian Otten Website: www.lodhaco.com LEBANON UHY Hassan Naeem & Co, Lahore
Email: john@uhy-bs.com Email: uhy@uhy.com.cy Email: stuttgart@uhy-deutschland.de Also in: Chennai, Hyderabad, Jaipur, UHY Andy Bryan, Beirut Contact: Ibne Hassan
Website: www.uhy-bs.com Website: www.uhy.com.cy Website: www.kullen-mueller-zinser.de Mumbai, New Delhi Contact: Elie Abboud Email: ibnehassan@uhy-hnco.com
Email: beirut@uhy-lb.com Website: www.uhy-hnco.com
UHY Lauer & Dr. Peters KG, Berlin Also in: Islamabad, Karachi
BAHRAIN CZECH REPUBLIC INDONESIA Website: www.uhy-lb.com
Contact: Dr Ulla Peters
UHY El Sayed El Ayouty & Co, AUDITOR, spol. s r.o., Prague Email: berlin@uhy-berlin.de KAP Hananta Budianto & Rekan, Jakarta
LUXEMBOURG PALESTINIAN AUTHORITY
Certified Public Accountants, Bahrain Contact: Georg Stöger Website: www.uhy-berlin.de Contact: Venancia Wijono
UHY Finova S.àr.l., Luxembourg UHY Hassouneh Auditing Firm, Hebron
Contact: Mohamed Alshayeb Email: georg.stoeger@auditor.eu Also in: Rostock Email: venancia@hananta.com
Contact: Jürgen Fischer Contact: Murad Hassouneh
Email: info@uhy-elayouty.com Website: www.hananta.com
Website: www.auditor.eu UHY Wahlen & Mannsky, Frankfurt Email: j.fischer@finova.lu Email: info@haf.ps
Website: www.uhy-elayouty.com Also in: Semarang, Surabaya Website: www.haf.ps
Also in: Brno, Pelhrimov Contact: Stephanie Mannsky Website: www.uhyfinova.lu
Also in: Ramalla
Email: stephanie.mannsky@uhy-ffm.com IRELAND
BANGLADESH
DENMARK Website: www.uhy-wahlen.de MALAYSIA
UHY Syful Shamsul Alam & Co, Dhaka UHY Farrelly Dawe White Limited, Dundalk UHY,* Kuala Lumpur PANAMA
Contact: Syful Islam inforevision, Copenhagen UHY Wahlen & Partner Contact: Alan Farrelly Contact: Alvin Tee Guan Pian UHY Botello & Marquez, Panama City
Email: syful@ssacbd.com Contact: Vibeke Düring Reyes Jensen Contact: Thomas Wahlen Email: alanfarrelly@fdw.ie Email: uhy-kl@uhy-my.com Contact: Diógenes Botello V.
Website: www.ssacbd.com Email: vd@info-revision.dk Email: frankfurt@uhy-wahlen.de Website: www.fdw.ie Website: www.uhy.com.my Email: dbotello@uhy-pa.com
Also in: Chittagong Website: www.info-revision.dk Website: www.uhy-wahlen.de Also in: Balbriggan, Dublin, Newry Also in: Johor Bahru, Penang Website: www.uhy-pa.com
14 UHY CAPABILITY STATEMENT 2019 UHY CAPABILITY STATEMENT 2019 15
PERU SLOVAK REPUBLIC UGANDA
UHY Sandoval Aliaga y AUDITOR SK s.r.o., Bratislava UHY Thakkar & Associates, Certified Public
Asociados S. Civil de R.L.,* Lima Contact: Georg Stöger Accountants, Kampala
Contact: Carlos Sandoval Aliaga Email: georg.stoeger@auditor.eu Contact: Sam Thakkar
Email: c.sandoval@uhyperu.com Website: www.auditor.eu Email: sam@uhy-ug.com
Website: www.uhyenperu.com
Also in: Piestany Website: www.uhy-ug.com
PHILIPPINES
UHY M.L. Aguirre & Co. CPAs,* Makati City
SLOVENIA UKRAINE OUR COMMITMENT
UHY d.o.o., Ljubljana
Contact: Michael Aguirre
Email: ask@mlaguirre.org Contact: Matjaž Trebše
UHY Prostor Ltd, Kiev
Contact: Alexander Koinov UHY SERVICES TO QUALITY
Website: www.mlaguirre.org Email: uhy@uhy.si Email: a.koinov@uhy-prostor.com
Website: www.uhy.si Website: www.uhy-prostor.com
POLAND
Biuro Audytorskie Sadren Sp. z o.o., Warsaw SOUTH AFRICA
Contact: Wieslaw Lešniewski UNITED KINGDOM UHY member firms offer the following • CORPORATE RECOVERY & INSOLVENCY, Quality is one of UHY’s main values –
UHY Hellmann (SA), Johannesburg
Email: biuro@sadren.com.pl Contact: Carlos Pedregal UHY Hacker Young,* London services: including: debt collection, corporate because it is so very important to us we
Website: www.sadren.com.pl Email: carlosp@uhy.co.za Contact: Laurence Sacker turnaround, asset protection or strive to achieve this in everything we do.
Email: london@uhy-uk.com
UHY ECA Group, Kraków Website: www.uhy.co.za repossession, or implementing good Each of our independent member firms
Contact: Roman Seredynski Website: www.uhy-uk.com
has signed a Quality Charter committing
’
Also in: Abergavenny, Ashford, Belfast, Birmingham*, management practices, refinancing,
Email: roman.seredynski@uhy-pl.com SPAIN
Website: www.uhy-pl.com Brighton & Hove, Bristol, Broadstairs, Cambridge, valuations, debt management, insolvency to the adoption and achievement of
UHY Fay & Co,* Marbella
Also in: Poznan,
’
Warsaw, Wroclaw, Zabrze Contact: Bernard Fay Chester, Jarrow, Letchworth, Manchester*, Newcastle, planning, personal liability protection. performance and service objectives
Email: bfay@uhy-fay.com Newport, Nottingham, Royston, Sheffield, Sittingbourne, considered essential to delivering this
PORTUGAL Website: www.uhy-fay.com Sunderland, Winchester, York quality promise to clients.
UHY & Associados SROC Lda, Lisbon
• CORPORATE TAX, including: direct
Also in: Barcelona, Madrid*, Malaga,
Contact: António Santos UNITED STATES taxation and indirect taxation,
Santa Cruz Tenerife, Santander, The expectations we have of our member
Email: asantos@uhy-portugal.pt UHY Advisors, Inc., Chicago international tax such as tax-efficient
Website: www.uhy-portugal.pt Santiago de Compostela
UHY LLP,* New York structures for international expansion firms are benchmarked to recognised
Also in: Azores, Funchal, Porto
SRI LANKA Contact: Michael Mahoney and cross-border ventures, transnational international professional standards. We
Centra Management Associates, Colombo Email: mmahoney@uhy-us.com CORPORATE SERVICES set specific quality goals and expectations
PUERTO RICO
Website: www.uhy-us.com
group structuring, VAT returns and
UHY Del Valle & Nieves PSC,* San Juan Contact: A.S.M. Ismath for our independent member firms to
Contact: Rafael Del Valle-Vega Email: manager@centramgt.com Also in: Albany (New York), Ann Arbor (Michigan), Not all of the services described in this advice, tax consultancy and transfer
meet, covering areas such as client service
Email: info@uhy-pr.com Website: http://equitasmgt.com/ Atlanta (Georgia), Chicago (Illinois), Columbia
publication are provided by every UHY pricing.
Website: www.uhy-pr.com (Maryland), Detroit (Michigan), Farmington efficiency and relationship management,
Also in: Kandy
(Connecticut), Farmington Hills (Michigan), Frederick
member firm. The provision of some services professional work standards, depth and
QATAR • FORENSIC ACCOUNTING & LITIGATION
SWEDEN (Maryland), Houston (Texas), Miami (Florida), New York may be restricted in some areas depending breadth of products, services and
UHY Ammo & Co, Doha SUPPORT, including: litigation support,
Contact: Mohamed Shady Revisorerna Syd, Malmö City (New York), Norwalk (Connecticut), Orange County on local legislation. geographical coverage. Collectively, they
(California), Rye Brook (New York), St Louis (Missouri), valuations, economic damages, fraud
Email: inquiry@uhy-qa.com Contact: Rolf Nilsson represent our aim to provide clients with
Website: www.uhy-qa.com Email: info@revisorernasyd.se Sterling Heights (Michigan). UHY LLP is a licensed • AUDIT & ASSURANCE, including: statutory evaluations, criminal proceedings and consistent, seamless, professional and
Website: www.revisorernasyd.se independent CPA firm that performs attest services
audit, internal reviews, compilation and money laundering issues.
ROMANIA through an alternative practice structure with UHY timely cross-border services.
UHY Audit CD S.r.l., Bucharest
Winthers Revisionsbyrå AB, Stockholm
Advisors, Inc. and its subsidiary entities. UHY Advisors, review of financial statements including
Contact: Camelia Dobre Contact: Ragnar Santesson compliance with International Financial • FUND SERVICES, including: fund
Email: winthers@winthers.se
Inc. provides tax and business consulting services Our member firms are evaluated annually
Email: camelia.dobre@uhy-ro.com
Website: www.winthers.se
through wholly owned subsidiary entities that operate Reporting Standards (IFRS), special purpose establishment and administration. against UHY’s quality expectations,
Website: www.uhy-ro.com under the name of “UHY Advisors”. and international audits. allowing us to assess our performance
RUSSIAN FEDERATION SWITZERLAND • LEGAL, including: tax law, labour law, etc. and outcomes, and look for new ways to
URUGUAY
UHY Yans-Audit LLC,* Moscow Balmer-Etienne AG, Luzern • BUSINESS ADVISORY & ACCOUNTING, improve further. We focus on quality
Contact: Nikolay Litvinov UHY Gubba & Asociados,* Montevideo
Contact: Stephan Vollenweider
Contact: Hugo Gubba including: accounting and bookkeeping, • INTERNATIONALISATION, including: through:
Email: yans@uhy-yans.ru Email: info@balmer-etienne.ch
Website: www.uhy-yans.ru Email: info@uhygubba.uy outsourcing, business plans and business contact introductions, local
Website: www.balmer-etienne.ch
UHY EKA LLC, St. Petersburg Also in: Stans, Zürich
Website: www.uhygubba.uy independent business reviews, business regulatory requirements and business • Leadership
Contact: Elena Sedavkina valuations, financial planning and control, etiquette, local business tax environment, • Client acceptance procedures
UZBEKISTAN reviewing management reporting systems,
Email: mail@eccona.spb.ru TAIWAN business structuring and compliance, • Full membership of the Forum of Firms
Website: www.eccona.ru UHY L&C Company, CPAs, Taipei UHY Tashkent LLC, Tashkent
Contact: Sarvarkhon Karimov
company formations and company personal taxation, recruitment and labour • Compliance with ethical obligations
Contact: Lawrence Lin
SAUDI ARABIA Email: s.karimov@uhy-uz.com secretarial services including appropriate law consultancy, transfer pricing, customs set out by the International Federation
Email: lawrencelin@uhy-taiwan.com.tw
UHY Abdul Jabbar Certified Accountants Website: www.uhy-taiwan.com.tw Website: www.uhy-uz.com commercial and tax-efficient structures for and other fiscal areas. of Accountants in its global standard,
and Consultants Office, Jeddah Also in: Khorezm, Navoi international expansion and cross-border Code of Ethics for Professional
Contact: Elsayed Elboussery
Email: elboussery@uhy-sa.com THAILAND ventures, trusts and foundations, pension • MANAGEMENT CONSULTING Accountants
VENEZUELA
Website: www.uhy-sa.com UHY Yongyuth Accounting funds, charitable and philanthropic & SOLUTIONS, including: • Human resources policies and
and Son Co., Ltd., Bangkok UHY Servicios Legales & Tributarios, S.C., Caracas
Also in: Riyadh structures, interim finance & management, internationalisation of businesses, procedures, such as education
Contact: Panit Mokarakorn Contact: Luis Sotillo
Email: panityas@uhy-th.com Email: l.sotillo@uhy-ve.com payroll administration, employee benefits human resources and recruitment and training
SERBIA
UHY REVIZIJA d.o.o., Belgrade Website: www.uhy-th.com Website: www.uhy-ve.com and business systems. services, information technology and • And, of course, quality control
Contact: Jasmina Macura Also in: Puerto Ordaz, Valencia* procedures in accordance with
software solutions.
Email: ekirevizija@uhy-ekirevizija.rs TUNISIA •C ORPORATE FINANCE, including: strategic internationally-recognised standards.
Website: www.uhy-ekirevizija.rs UHY CNBA, Tunis VIETNAM
UHY Auditing & Consulting Company Limited, Hanoi
business advisory services, business
Contact: Raoudha Ben Abdelkrim
SEYCHELLES Email: r.trojet@uhy-cnba.com Contact: Thanh Nguyen valuations, due diligence, transactional It is our belief in quality as a value and the
UHY Premier Financial Services Limited, Mahé Website: www.uhy-cnba.com Email: thanhnt@uhyvietnam.com.vn services (acquisitions, mergers, disposals, successful implementation of that value
Contact: Vimal Damry
Email: vimal@premier-seychelles.com
Website: www.uhy.vn MBOs, IPOs) across all industry sectors and PRIVATE CLIENT SERVICES across all our service areas that make our
TURKEY Also in: Ho Chi Minh City geographies, restructuring, exit strategies network even more dedicated to quality
Website: www.premier-seychelles.com
UHY UZMAN Sworn in CPA and and start-ups. Key services include: wealth management than other networks.
Independent Auditing Inc., Istanbul ZAMBIA
SINGAPORE for individuals and families, income tax and
UHY Lee Seng Chan & Co,* Singapore Contact: Şenol Çudin UHY AMO Certified Public Accountants, Lusaka
Email: uzman@uhy-uzman.com.tr Contact: Dion Banda Dault • CORPORATE GOVERNANCE & RISK capital gains tax planning, international tax
Contact: Sen Choon Lee
Email: info@uhylsc.com.sg Website: www.uhy-uzman.com.tr Email: d.banda@uhy-amocpa.com MANAGEMENT, including: corporate planning for expatriates and migrants,
Website: www.uhylsc.com.sg Also in: Ankara, Istanbul, Izmir Website: www.uhy-amocpa.comv governance, risk management and non-domicile status, trust services &
consulting including Sarbanes-Oxley management, inheritance planning.
* UHY firms asterisked signifies that they are registered with the Public Company Accounting Oversight Board (PCAOB). They are enabled under section 102 of the US Sarbanes-Oxley Act 2002 to compliance services. & management, inheritance planning.
prepare or issue audit reports on US public companies and their subsidiaries abroad. Under section 103 of the Act, the PCAOB has established auditing and related attestation quality control, ethics
and independence standards, and rules to be used by registered public accounting firms, in the preparation and issuance of audit reports.
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