Investing in UK Real Estate – Seles Business Partnering

Investing in UK Real Estate – Seles Business Partnering

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  • On October 9, 2018
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Investing in a foreign country always poses challenges for finance directors and managers. As accountants, we sleep better when we know we have control over our numbers.

Foreign investors generally delegate investment and property management services to local service providers whose focus is rightly on returns. Seles provides financial control services, independently working for our clients and supporting both investment and property managers.

Our company is focussed on providing business-partnering services, working closely with our clients in meeting their financial control standards and reporting requirements.

CASE STUDY

A client located in Asia purchased a multi-tenanted property in London in excess of £250m. The client hired an international property manager to manage the property (rent collection and service charge management). Investment management services remained with the client.

Seles was engaged to provide financial control services including:
• preparing quarterly management accounts,
• management of the invoice payments process,
• review of property managers reports,
• preparation of bespoke cash analysis reports feeding into financial models,
• cashflow forecasting,
• VAT return preparation and submission,
• managing the loan compliance process,
• preparation of the CIS returns and liaising with HMRC,
• working with tax advisors,
• managing the audit process, and
• preparation financial statements.

However, the main reason for our engagement was that the client needed a finance business partner with local knowledge, based in the UK, to work with and use as a resource to ensure overall financial control.

ABOUT SELES
Incorporated in 2009, Seles is a specialist property financial control and accounting company. We provide business-partnering and outsourced accounting services. As a business, we are focused on working with our clients in meeting their financial reporting requirements.

Additionally, we provide existing finance departments with support services through our Specialist Services, Training and Consulting teams.

CONTACT US
Email: ryan.seligmann@selesgroup.com Call: +44 (0) 207 659 6133

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