post image

Resource Finder
Care sector accountancy firms

A good accountant can help with the smooth running of a care business. They have the skills to advise on a range of accountancy and business services. These include business planning, due diligence, financing, tax, acquisitions, restructuring, outsourcing and more.

Whatever care business you operate, the following accountancy firms should be able to support you now and into the future.

Bishop Fleming

Tel: 01392 448800
Email: healthcare@bishopfleming.co.uk
Website: www.bishopfleming.co.uk/sector/care-homes

Sectors

  • Nursing and residential care homes.
  • Learning disability.
  • Supported and assisted living.
  • Challenging behaviour and special needs.
  • Rehabilitation.
  • Domiciliary care agencies.
  • Foster carers.

Services

  • Accounting, tax and business consultancy.
  • Business planning.
  • Refinancing/business acquisitions and sales.
  • Payroll.
  • Tax.
  • Wealth Management.

Lead Individual

Tim Godfrey heads up the healthcare sector for Bishop Fleming, with over 20 years’ experience in advising owner-managed businesses. Being recognised for his knowledge of healthcare and more specifically for the care home sector, Tim has been instrumental in developing and growing the firm’s specialism, providing key professional services to over 250 healthcare clients.

Tim commented, ‘The sector is currently facing many challenges, particularly on funding, rising costs, ongoing viability tests and increased regulation. My focus is on helping clients maximise their business performance and value in the face of these challenges. Using Cloud-based, real-time financial reporting data, we empower the aspirations of our clients. Our specialist benchmarking tools and reports, together with our proactive advice, enable our clients to manage their businesses more effectively, whilst keeping their fingers on the pulse of the day-to-day financials.’

Company Information

Bishop Fleming is a leading provider of accounting, tax and business consultancy in the UK. Currently ranked as number 30 in the Accountancy Age league table, Bishop Fleming has a wealth of knowledge and experience in areas such as healthcare, personal tax, corporate finance, business recovery and insolvency, business and international tax, payroll services, forensic and litigation support, grant services, VAT, audit assurance and accounting. The firm is a top financial adviser for UK small and mid-market transactions.

With seven offices spanning from the West Midlands to the South West, Bishop Fleming has 29 partners and over 340 staff in the UK, and is ranked 26th in The Sunday Times 100 Best Companies to Work For. Bishop Fleming is a member of Kreston International, a network of independent accounting firms in more than 100 countries.

Tim Godfrey Partner and Head of Healthcare
Tel: 01392 448800
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 preparation and audit.
  • Tax advisory services.
  • Benchmarking.
  • Sales/disposal advice including preparing the business for sale.
  • Acquisitions advice.
  • Innovative tax planning.
  • Financial and tax due diligence.
  • Raising finance.
  • Estate planning.
  • Valuations and disputes.
  • Commercial valuations.

Company Information

If you are looking for support in the healthcare sector, our team of over 40 dedicated accounts, audit, tax and corporate finance professionals have unrivalled experience. We are renowned for clear advice for care operators, acting for well over 350 care businesses on a national basis.

We act for care providers, including individual care home owners, corporate groups, not-for-profit organisations and private equity investors.

Hazlewoods Healthcare Corporate Finance Lead Advisory and Transaction Services teams have continued to see an increase in deal volumes in 2017. During the year, the team advised on 60 completed transactions valued at £408m, representing an increase of 57% over 2016. Deal flow remains high in 2018, despite the pressures that the sector is facing.

Andy Brookes Email: andy.brookes@hazlewoods.co.uk
Rachael Anstee Email: rachael.anstee@hazlewoods.co.uk
John Lucas Email: john.lucas@hazlewoods.co.uk
David Main Email: david.main@hazlewoods.co.uk


Moore Stephens

Tel: 0207 334 9191
Email: carehomes@moorestephens.com
Website: www.moorestephens.co.uk/healthcare

Sectors

  • Care homes.
  • Nursing homes.
  • Residential homes.
  • Retirement homes.

Services

  • Accounting.
  • Audit.
  • Business outsourcing.
  • Corporate finance.
  • Governance.
  • IT consulting.
  • Restructuring.
  • Risk.
  • Tax.
  • Wealth management.

Lead Individual

Neville Side, Director and Head of the Care Homes Group specialises in business review projects and advising secured lenders and other stakeholders of a business. He has over ten years’ corporate advisory experience and understands the issues faced by care homes.

Company Information

Accountancy and advisory services provided with care.

Moore Stephens is a leading accountancy and advisory firm, providing solutions to individuals, entrepreneurs, large organisations and complex international entities, helping them to thrive in a changing world.

Our dedicated Care Homes team has a wealth of experience in the care sector and acts for a wide range of clients, including care homes, nursing homes and retirement homes.

Whether you’re looking to buy or sell a care home, streamline your back-office systems, need help with an end of year tax return or financial advice in difficult times, Moore Stephens has the professional resources to help you and your care home stay more connected.

With offices throughout the UK and globally, we ensure clients have access to the right people whenever they need them, so decisions can be made quickly and confidently, supporting clients’ aspirations and contributing to their success.

The pressures on local authority funding, combined with residents and their families becoming more cost-focused and a continuing emphasis on individuals being self-funded, have all meant that the care sector is becoming more challenging.

Moore Stephens provides as little or as much support as needed in dealing with new risks and opportunities and, if your business or personal interactions need to expand, we’ll help make it happen – co-ordinating advice from a global network of offices in more than 100 countries.

To find out how we can support you and your business, contact us.

Neville Side Director & Head of the Care Homes Group
Tel: 0207 334 9191
Email: neville.side@moorestephens.com


Morris Lane

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

Sectors

  • Care homes.
  • Care homes with nursing.
  • Domiciliary care agencies.
  • Charities.
  • Property Development.

Services

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

Lead Individual

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 their lead accountants specialising in the sector, Michelle Cordy, Dan Baker, Jon Hoyle, Michelle Pettifer and Sam Turner in providing a proactive service to enable clients to achieve their ambitions, to maximise their profitability, and to increase and protect their wealth.

Company Information

Whilst based in Dorset, the firm has clients located throughout England and Wales and are believed to advise more care home operators than any other accountants in the UK.

Their strength lies in listening to their 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.

They pride themselves 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 client’s legal teams.

The firm is a proud supporter of its local care association and a lead sponsor of the Pinders Healthcare Awards.

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


Smith & Williamson

Tel: 0238 082 7631
Email: greg.palfrey@smithandwilliamson.com
Website: www.smithandwilliamson.com

Sectors

  • Residential care homes.
  • Nursing homes.
  • Dental.
  • Healthcare professional practices.
  • Charities.

Services

  • Acquisitions and disposals of care homes and groups.
  • Business valuations.
  • Financial due diligence.
  • Cash planning, management and forecasting support.
  • Reporting services and resolving financial questions/challenges.
  • Pension scheme deficit advice.
  • Support with preparing for closure, disposal of assets and dealing with surplus funds.
  • Accounts preparation and audit.
  • Business outsourcing.
  • Business and employment taxes.
  • Employee benefits consulting.

Lead Individual

Greg is a Chartered Accountant with 30 years’ experience advising clients and is National Head of the Restructuring and Recovery Services team. Greg has extensive experience in the care sector through both his restructuring advice to care homes and businesses, as well his expertise when covering insolvency matters.

Company Information

Smith & Williamson LLP is an independently owned financial and professional services group that has been looking after the affairs of businesses and their owners for over 100 years.

One of the top 10 accountancy firms in the UK, Smith & Williamson LLP has over 1,700 staff and partners across 12 offices in the UK, Ireland and Jersey. Through its wider network, it can draw on skills and resources from around the world through the Nexia International network.

Businesses in the care sector have come under intense financial pressure recently, such as the reduction in public funding, the effect of the minimum wage and staff shortages as well as increasing regulatory and compliance requirements. Where these factors are putting pressures on margins and cash, we offer support and advice tailored to the needs of the operator. This advice is designed to help management make informed decisions about the best route forward, including cash flow, funding and working capital support and reorganisation of the business.

External expertise can help at crucial stages of a business lifecycle. Our experts are ideally placed to assist in discussions with key internal and external stakeholders.

As well as restructuring advice, Smith & Williamson LLP provides regular accounting and audit services to care sector clients. Through our corporate finance team, we are able to offer support for major transactions.

Greg Palfrey National Head of Restructuring and Recovery Services
Tel: 0238 082 7631
Email: greg.palfrey@smithandwilliamson.com

Looking for a sector supplier? Take a look at our directory.

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Support care workers in need during COVID-19. Donate to the Care Workers' Charity Emergency Fund. Donate