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Resource Finder: Accountants

There are so many options for accountants in the sector and, during the pandemic, financial projections and performance monitoring has come into sharp focus. This resource finder gives you information on some of the sector’s leading accountancy firms to help you decide who to have on board.

Albert Goodman

Tel: 0330 333 5039

Email: enquiries@albertgoodman.co.uk

Website: www.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.

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.

Lead individuals

Julie Hopkins 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.

Julie Hopkins Business Development. 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: 0333 321 9000

Email: advice@bishopfleming.co.uk

Website: www.bishopfleming.co.uk

Sectors

  • Elderly residential and nursing homes.
  • Learning disability.
  • Supported living.
  • Domiciliary care agencies.
  • Close care/extra care/assisted living.
  • Challenging behaviour and special needs.

Services

  • Accounts, audit and tax.
  • Sales and acquisition advice and support.
  • Corporate finance.
  • Due diligence.
  • Raising finance and refinancing.
  • Business performance monitoring.
  • Cloud accounting and systems advice.
  • Exit planning and preparing the business for sale.
  • Tax planning and structuring.
  • Estate planning.

Company information

Bishop Fleming is a dynamic UK accountancy firm providing a comprehensive range of services across a range of sectors. The Healthcare team provides help and support to a growing number of health and social care operators, across a wide geographic area. With specialist knowledge spread across seven offices, the team has the depth of experience to help its clients achieve their goals.

We pride ourselves on being relationship led and place our client and people relationships at the heart of our business.

Over the last 12 months we have supported our clients with regular webinars and the creation of our Knowledge Hubs, bringing together the most up-to-date resources to navigate a way through these difficult times.

We have advised our clients on several transactions and continue to see increasing levels of interest in both buying and selling care homes across the UK as we see light at the end of the COVID-19 tunnel!

If you are looking for advice and want to work with a firm that believes: ‘it’s what we bring together that sets us apart’, then call one of our specialist healthcare team.

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.
  • 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        

In a rapidly changing industry, having informed insight into the challenges you face and business advice from experts in the health and care sector can provide a significant advantage.

Hazlewoods Health and Care team has developed an enviable knowledge and understanding of the health and care sector over the past 30 years, acting for over 250 businesses on an ongoing basis and developing true specialist knowledge.

At whatever stage of the lifecycle your business is at, it is important to have a clear strategic plan, discussing it regularly with advisers who take the time to understand you and your business. Our experts are keen to get to know you and will use their experience and connections in the industry to help you realise your goals and add real value.

Despite the challenges of 2020, overall, we advised on nearly 50 successful healthcare transactions valued at £540 million.

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.
  • Learning disabilities.
  • 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.
  • Capital allowance claims.

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.

Whilst providing the accountancy and audit solutions you would expect, their real strength is in the quality and timeliness of their advice, whether this is on structuring your business to ensure you are maximising your tax allowances in line with your business strategy, or as part of the purchase or sale of a care home or business. Morris Lane also works closely with other professional advisers in the sector including banks and solicitors.

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 their lead accountants specialising in the sector, Michelle Cordy, Jon Hoyle, Michelle Pettifer and Connor Ronchetti, in providing proactive solutions and services to enable clients to achieve their ambitions, to maximise their profitability, and to increase and protect their wealth.

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

 

 

 

 

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