Case studies
Four workstreams from a single assignment, anonymised. Professional secrecy applies: no client is named without their consent.
These four workstreams all come from one and the same assignment, within the finance department of a major property developer, a group organised into numerous project companies.
Workstream 1 of 4 · Cash flow
The group, organised into numerous project companies, needed a reliable, consolidated view of its cash.
A consolidated view of cash and debt, updated at each close.
Workstream 2 of 4 · VAT
For each of its companies, the group needed to make sure that the revenue and VAT recorded in the accounts matched the returns filed.
Differences identified and explained, and a reconciliation that can be repeated for each period.
Workstream 3 of 4 · Tax
As it is subject to corporate income tax (IS), the group must determine each year the deductible share of its net borrowing costs, under the cap set by the EU Anti-Tax Avoidance Directive (ATAD).
Workstream 4 of 4 · Group structure
Once the developments were completed, 10 to 15 of the group’s project companies no longer had a reason to exist. Decisions had to be made company by company, and the operations followed through to the end.
A simplified group structure and a clear view of progress at all times.
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