post image

Resource Finder: Accountants

From help with managing taxes to support with succession planning, preparing for sale and due diligence during acquisitions, these accountancy firms specialising in the care sector can help you keep track of your finances.

Albert Goodman

Tel: 0330 333 5039
Email: enquiries@albertgoodman.co.uk
Website: albertgoodman.co.uk

Sectors

  • Nursing homes.
  • Residential homes.
  • Residential dementia homes.
  • Learning disability homes.
  • Extra care.
  • Domiciliary care.
  • Supported living.

Services

  • Cloud bookkeeping and training packages.
  • EBITDAR and business advisory (including benchmarking).
  • Tax compliance and advisory.
  • Sales and acquisition tax advisory.
  • Due diligence for sales and acquisitions.
  • Share valuations.
  • Succession planning.
  • Forecasting.
  • Payroll.

Lead individuals

Julie has a depth of experience in looking after businesses in the care sector which few can match, with over 25 years’ experience supporting businesses from start up, growth planning through to exit.

Accountancy is her profession and the care sector is her passion. She offers vital support to our care business clients, with up-to-date sector knowledge adding value to the breadth of advice given. She is a well-respected researcher in the sector, contributing to sector-written articles.

Neil Hutchings is Albert Goodman’s corporate finance specialist, having joined the firm in 2008. Over the past 12 years, he has developed extensive corporate finance, audit, accountancy and business advisory skills, over a wide range of companies and organisations. Neil has vast experience in the buying and selling of care homes and care home groups and is well-connected within the corporate finance sector.

Company information

Albert Goodman LLP, established for over 150 years, has developed a dedicated team to support providers in the care sector to navigate through business challenges, with wider contacts in the sector adding value to the advisory given.

In addition to the accountancy and tax compliance, business advice is given throughout the year through management accounts production, KPI reporting and variance analysis from budget to actual, monitoring occupancy and cash flow, providing timely reporting for in-house management and to meet bank covenant requirements.

Julie Hopkins, Director
Tel: 01935 423667
Email: julie.hopkins@albertgoodman.co.uk

Neil Hutchings, Corporate Finance Manager
Tel: 01823 286096
Email: neil.hutchings@albertgoodman.co.uk

Bishop Fleming

Tel: 03333 21900
Email: TGodfrey@bishopfleming.co.uk
Website: www.bishopfleming.co.uk

Sectors

  • Nursing homes.
  • Residential homes.
  • Learning disability homes.
  • Extra care.
  • Supported assisted living.
  • Challenging behaviour and special needs.
  • Rehabilitation.
  • Domiciliary care agencies.

Services

• Sales and acquisition tax advice and support.
• Raising finance and refinancing.
• Cloud accounting solutions.
• Business performance monitoring and benchmarking.
• Accounting and audit.
• Tax planning.
• Payroll.
• Wealth management.

Lead individual

Tim Godfrey heads up the firm’s specialist care homes team advising clients across a wide geographic area. Tim and his team provide invaluable insight into the issues impacting on the sector and assist clients in areas such as commercial and tax structuring, funding, and financial reporting including the use of technology.

Tim comments, ‘The sector is currently facing many challenges, particularly on funding, rising costs, ongoing viability and increased regulation. At Bishop Fleming, our focus is on helping clients monitor their business performance in order to protect their value in the face of these challenges. Using cloud-based, real-time financial reporting allows us to have meaningful conversations throughout the year. Our specialist benchmarking tools and reports, together with our proactive advice, enable our clients to manage their business more effectively, while keeping their fingers on the pulse of the day-to-day financials.’

Company information

Bishop Fleming is a dynamic UK accountancy firm, providing a comprehensive range of services across a wide range of sectors. We have seven offices in the South West through to the West Midlands and our membership with Kreston gives us international reach.

We pride ourselves on being relationship-led and place our client and people relationships at the heart of our business. That’s why we have been awarded the British Business of the Year at the British Chamber Business Awards 2019.

Tim Godfrey, Partner and Head of Healthcare
Tel: 07973 699915
Email: TGodfrey@bishopfleming.co.uk

Hazlewoods

Tel: 01242 237661
Website: www.hazlewoods.co.uk

Sectors

  • Residential and nursing homes for the elderly.
  • Learning disability/challenging behaviour.
  • Specialist needs education colleges.
  • Assisted living/close care/extra care.
  • Drug, alcohol and eating disorders independent hospitals.
  • Domiciliary care.
  • Supported living.
  • Children’s services.
  • Secure units.
  • Foster care agencies.
  • Primary healthcare.

Services

  • Accounts, audit and tax.
  • Accounts preparation.
  • Audit.
  • Business planning and advice.
  • Corporate finance.
  • Tax advisory services.
  • Benchmarking.
  • Sales and acquisitions.
  • Preparing the business for sale.
  • Exit planning.
  • Valuations.
  • Assisting in negotiations.
  • Minimising the effects of income tax, capital taxes, VAT and Stamp Duty Land Tax.
  • Due diligence.
  • Raising finance.
  • Estate planning.

Company information

Hazlewoods Health and Care team have been specialists in the sector for over 25 years, acting for over 200 different health and social care providers.

Our specialist team offer a full range of services to enable us to deliver wealth creation to health and care business owners. We advise many clients on their strategy from early stage to disposal. Services include accountancy, audit, tax planning and mitigation, business strategy, acquisition and disposal advisory.

Due to the high level of activity in 2019, we successfully advised on 165 completed transactions valued at £715m. 2020 has begun where 2019 left off, although headwinds such as Brexit and staff cost increases do continue to challenge buyers and sellers alike.

We act for a wide range of care providers, including individual care home owners, corporate groups, not-for-profit organisations and private equity houses.

Rachael Anstee, Partner
Email: rachael.anstee@hazlewoods.co.uk

John Lucas, Partner
Email: john.lucas@hazlewoods.co.uk

Morris Lane

Tel: 01202 715950
Email: mail@morrislane.co.uk
Website: www.morrislane.co.uk

Sectors

  • Care homes.
  • Nursing homes.
  • Domiciliary care agencies.
  • Charities.
  • Property development.
  • Learning disabilities.

Services

  • Acquisitions.
  • Disposals.
  • Accounts.
  • Auditing.
  • Business plans, support and advice.
  • Company secretarial.
  • Corporate finance.
  • Payroll services.
  • Tax advice and services.
  • Management accounting.

Lead individuals

Roger Morris heads up the Morris Lane team of specialists working with their healthcare focused clients.
Roger is an award-winning member of the Chartered Institute of Taxation and has over 30 years’ experience in the sector.

Roger is ably supported by lead accountants specialising in the sector, Michelle Cordy, Dan Baker, Jon Hoyle, Michelle Pettifer and Sam Turner.

The team provides a proactive service to enable clients to achieve their ambitions, to maximise their profitability, and to increase and protect their wealth.

Company information

The firm has clients located throughout England and Wales and is believed to advise more care home operators than any other accountants in the UK.

Its strength lies in listening to clients about their business and personal goals and providing timely advice through the business cycle on how to achieve these, so they can fund their preferred lifestyle and ultimate exit from the business. This includes preparation of budgets and forecasts, regular and timely advice on any changes in tax and accounting law, as well as keeping them up-to-date on financial matters relating to the sector.

The firm ensures clients are compliant in terms of producing their annual accounts and tax returns, as well as providing management accounts if required by lenders in accordance with specific loan covenants.

It prides itself on providing bespoke advice including the structuring of acquisitions and disposals in order to maximise value and minimise the effects of income tax, corporation tax, capital taxes, VAT and Stamp Duty Land Tax.

Morris Lane also works closely with other professional advisers in the sector, including finance and capital allowance specialists together with their clients’ legal teams.

Roger Morris, Partner
Tel: 01202 715950
Email: roger.morris@morrislane.co.uk

Related Content

Resource Finder: Technology

Resource finder: Solicitors

Resource Finder: Recruitment

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Caring for Care Workers. Donate to The Care Workers’ Charity and make a difference Donate