Accountants and Advisors for growing businesses

I feel as though I am able to approach them as part of the team

“It’s the little things that matter the most for me, it gives me confidence knowing that I can reach-out to Selina or Elinor with any questions and they will come back to me. I feel as though I am able to approach them as part of the team.”

Mark Elvins, Financial Controller, Lighthouse Games

SUCCESS STORY – Lighthouse Games

Lighthouse Games works at the bleeding edge of video game development, and their studio attracts and nurtures the best talent in the industry.

Mark Elvins, Financial Controller, explains how Pentlands has supported with the transition through their start-up and fast growth phase.

Lighthouse Games logo

Mark Elvins

Mark Elvins

“When the company was established Pentlands were chosen as the company accountants following a referral from one of their existing clients. They have supported the transition through start-up from registering the company for VAT and processing the returns, to bookkeeping and monthly management accounts. However, due to the fast growth of the business, the need quickly arose to bring the day-to-day financial management requirements in-house.

This is a role where I have independent responsibility for the financial management. Previously I have had colleagues who I have been able to approach for support, so for me, having Pentlands in place is really helpful, especially in the first few months. They have been supportive of the transition, breaking it down into manageable sections to enable me to find my feet.

Pentlands were instrumental in setting up and maintaining Xero and Dext. They have created strong foundations for me to build on by establishing the bookkeeping rules, enabling us to create accurate monthly management accounts.

Pentlands continue to support us with our annual accounts and tax return, along with signposting us to look into R&D tax credits, supporting our VGTR claim and enabling us to set up a PAYE settlement agreement. I work closely with Selina meaning we are all on the same page and getting what we need from the systems to ensure accurate financial management and reporting.

It’s the little things that matter the most for me, it gives me confidence knowing that I can reach-out to Selina or Elinor with any questions and they will come back to me. I feel as though I am able to approach them as part of the team.”

Objectives

Successful handover of monthly financial management and bookkeeping to newly recruited Financial Controller

Maintain a close working relationship with Pentlands

On-going advice and support from Pentlands with year end accounts and VAT Returns

Challenges

Fast growing start-up business transitioning from outsourced financial management and bookkeeping to in-house Financial Controllers with sole independent responsibility, having previously worked within an accounting team

Results

Manageable and smooth handover of monthly financial management and bookkeeping

A close working relationship between Financial Controller and Pentlands

Accurate and timely support with year end accounts and VAT returns

CHANGING ACCOUNTANT CAN SEEM LIKE A DAUNTING TASK, BUT IT DOESN’T HAVE TO BE

Rest assured with Pentlands you are in safe hands. We will work with you to make the transition as smooth and pain free as possible. Following our simple three-step process, we take the hassle out of your hands and will do most of the work for you.

If you are thinking of switching accountant, let’s explore how we can support you to maximise your business growth potential. Take your first step and get in touch for an informal chat.