Training at Flemmings (2)

5/25/2018 Training at Flemmings (2)

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76 Canterbury Road, Croydon, Surrey, CR0 3HA

Tel: 020 8665 7050 Fax: 020 8665 6601

Email: [email protected]

Website: www.flemmings.co.uk

Flemmings Chartered Accountants

Flemmings Financial Planning Limited

Flemmings Property Services Ltd

Flemmings BPO Private Ltd (India)

TRAINING TO BECOME A CHARTERED ACCOUNTANT OR

CERTIFIED ACCOUNTANT WITH FLEMMINGS

Presentation of ACCA Platinum Award by

Mr Andrew Harding, Chief Executive of ACCA UK

on 25th

July 2003

Tun Dr Mahathir Mohammad

(Former Prime Minister of Malaysia)

with Hitesh in 2008

Visit By Mr Mark Spofforth, President of the ICAEW

on 14th

September 2012

Visit by Mr Martin Hagen, President of the ICAEW

on 3rd

November 2009

Presentation of Croydon Business Award for

Best Business for Training and Development

by SLB Business Support on 1

st

May 2013

Presentation of South London Business Award for

Best Business for Training and Development

on 4

th

July 2013


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Page NoContents

Flemmings History

Partners

Award-Winning Training & Development

Recruitment and Employment Criteria

Our Clients

Audit and Accounting

Taxation

Corporate Finance

Financial Planning

Property Services

Business Development

International Wealth Management

Outsourcing & IT Projects

Family Wealth

Flemmings BPO Pvt Ltd (India Office)

Contact Details

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Flemmings History

1

Founded in 1989, Flemmings has developed into a dy-

namic and enterprising business. By listening to and

understanding the needs of our clients, we continually

strive to research and present innovative opportunities

to help enhance their wealth. Through this, our busi-

ness has developed, not only as a firm of Chartered

Accountants, but as Financial Advisers, Property Con-

sultants and Wealth Managers.

At Flemmings, we recognise the importance that cli-

ents place on present and future financial security for

their businesses and their families. With this as our an-

chor, we have developed our business to ensure that

our services nurture the financial aspirations of our cli-

ents.

Our team of over fifty staff, which is selected against astrict criteria, are based in the UK and in Chennai, In-

dia. As an authorised training organisation by the

ICAEW and the ACCA, we ensure that our staff re-

ceive the best training and experience to provide a

high quality service to our clients.


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Hitesh C Shah FCA, DipFPS, CeMapManaging Partner

Hitesh qualified with Simmons Gainsford LLP in 1986 and afterqualifying, Hitesh joined Smith and Williamson where he gainedextensive experience in Corporate Finance. He was able to en-hance this experience further at BDO Binder Hamlyn, where hewas able to demonstrate a very good understanding of Per-sonal Financial Planning.

Hitesh is the Cofounding Partner of Flemmings, and managesthe Group overseeing its strategic growth & development.

Sailesh P Shah MA (Cantab), FCA, DipFPS, CeMapAudit and Tax Partner

After graduating from Cambridge University in 1983, he joinedKPMG in London. He qualified as a Chartered Accountant in1986 and continued his post qualification training in audit, ac-counting and tax with KPMG.

Sailesh is the other Cofounding Partner of Flemmings, and iscurrently the Audit, Accounting and Tax Partner.

Sumitra Shah BA (Hons), FCAFinance, Training and IT Partner

After graduating in Psychology from Warwick University, Sumitrained as a Chartered Accountant with BDO Binder Hamlyn.She then joined Lombard North Central plc where she gainedextensive experience as a Group Management Accountant andlater enriched an interest in IT as a Business Analyst.

She joined Flemmings in 1999, when the firm was on the springboard of an extensive expansion plan and is currently the Fi-

nance, Training and IT Partner.

Hitesh C Shah

Managing Partner

Sailesh P Shah

Audit and Tax Partner

Sumitra Shah

Finance and IT Partner

Partners

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At Flemmings we recognise that our staff are our main assets. We

make every effort to ensure that they are trained to a very high

professional standard to provide a highly skilled and professional

service to our client.

Training & development is an integral part of Flemmings and our

unique approach has been applauded and recognised on many

occasions including our very recent achievements as the Best

Business for Training & Development and finalist for Best Busi-

ness in Customer Service at the Croydon Business Awards. We

have also been recognised as the Best Business for Training &

Development at the South London Business Awards 2013. In ad-

dition, we were selected as finalist for the Independent Firm of the

Year (South East England) and the Training Team of the Year

(Whole of Britain) at the British Accountancy Awards 2013. For

2014, we have been shortlisted as finalists for Best Medium Sized

Firm and Best Firm for Training & Development at both the Croy-

don Business Awards and London Business Awards.

Our training ethos has been accredited by the ACCA PlatinumAward. Additionally our office has been visited by four Presidents

of the ICAEW in a decade.

Our work environment is very cosmopolitan and has a warm and

friendly atmosphere. We have staff from many countries including

Malaysia, Brunei, China, Hong Kong, India, Mauritius and Kenya.

Even though the origin of our staff varies, we find that the culture

and work ethos is similar and we find it rewarding when staff from

these backgrounds choose Flemmings to achieve their career am-

bitions.

All the staff we recruit will have met our strict criteria of a strong

academic background and have undergone our recruitment proc-

ess of first and second interviews which last a week.


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President of ICAEW being welcomed

by Hitesh & Sumi Shah 2009


4

President of ICAEW addressing staff

at Flemmings2002

President of ICAEW with Sailesh

Shah

2004

President of ICAEW with Hitesh,

Sailesh & Sumi Shah 2012

Our recruits are in the main ACA trainees or ACCA af-

filiates. The ACA trainees are usually graduates from

UK universities such as LSE, Manchester and War-

wick, with at least a strong 2:1. They are recruited on

a four year contract and all training and study leave is

paid for by the firm. The ACA trainees are sent to Kap-

lan which is deemed to have the best tutors and suc-

cess rates for this qualification.

Our ACCA affiliates will have completed all their ACCA

papers with good first time passes and demonstrate a

strong academic background. ACCA affiliates are re-

cruited on a three year contract. Whilst we do not pro-

vide any further study support during their contract we

do believe that the ACCA affiliates get the same level

of training and expertise to be on a par with the ACA

members on qualification.

As a small to medium sized firm the training will be

very individual, personal and partner-led. We recruit

staff with a view to providing them with the best oppor-

tunities to develop personally whilst they are training

towards their professional qualification. We believe in

training staff to be wealth managers and business ad-

visors, not just accountants.

A fitting tribute to this ethos is when the skills of our

qualified staff are recognised by larger organizations

of the likes of KPMG, PWC and Deloitte. Many of our

staff have returned back to their country of origin and

now hold senior positions in large corporations. It is

encouraging to know that their foundations were laid

at Flemmings and that thereupon they have been able

to embark on enterprising careers.


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A recruit would typically be placed in at least two of

our departments where they would be trained by a

senior. Whilst Partners do have an input in the day to

day running of the firm, we like to give our staff re-

sponsibility of managing a portfolio of clients and pro-

jects, to provide them with the opportunity of develop-

ing their time and management skills. We believe that

by recruiting high calibre staff, it is important to con-

stantly set them challenges and allow them to expand

their skills and discover their abilities.

Since the firms inception, Flemmings has trained

several international graduates who have all pro-

gressed on to careers in larger firms or investment

banks. To us, it is truly an achievement when the staff

return to their country of origin and achieve high posi-

tions as qualified business advisors. Particularly in

growing economies where the vision is to achieve a

knowledge-based service economy, the experience

that a trainee would bring back from Flemmings

would be invaluable.


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Staff in the training room ready to

commence Internal Training

Khaliz Arriffin and Nurthaqina Hatimcompleted their ICAEW training and have returned to Malaysia

Mr Michael Groom

National President of ICAEW

Visit by ICAEW President, Mr Martin Hagen,

3rd

November 2009


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Recruitment and Employment Criteria

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Suhaina, Ronald, Haqqa and Siti

engaging in a discussion in the Board

Sumi Shah, Khaliz Arriffin and

Nuthaqina Hatim

Malaysia Intake

Criteria

ACA TraineesACCA Affiliates

(Graduate and Professional Stage)

SPM 9 As 9 As

University

At least a CGPA of 3.30 but preferably 3.60and above from a good university

At least a CGPA of 3.30 but preferably 3.60and above from a good university

Professional Stage: Good first time passesfor all papers

Preferable

Universities

Universiti Malaya, University KebangsaanMalaysia, Universiti Sains Malaysia, Univer-siti Teknologi Petronas, Multimedia Univer-sity Malaysia, University of Nottingham Ma-laysia, Universiti Teknologi MARA

Universiti Malaya, University KebangsaanMalaysia, Universiti Sains Malaysia, Univer-siti Teknologi Petronas, Multimedia Univer-sity Malaysia, University of Nottingham Ma-laysia, Universiti Teknologi MARA

Contract Details

Length of Con-

tract4 Years 3 Years

Study Leave Provi-

sionYes N/A

Tuition College Kaplan Financial N/A

UK Intake CriteriaACA Trainees

ACCA Affiliates(Graduate and Professional Stage)

A-Levels 3 As 3 As

University

At least a strong 2:1 but preferably 1st

Class Honours from a good UK/EC univer-sity

At least a strong 2:1 but preferably 1st

Class Honours from a good UK/EC univer-sity and good first time passes for all papers

Professional Stage: Good first time passesfor all papers

Preferable

Universities

Oxford, Cambridge, London School of Eco-nomics, Warwick, Manchester, Southamp-ton, Imperial College, University CollegeLondon, Durham & Kings College.

Oxford, Cambridge, London School of Eco-nomics, Warwick, Manchester, Southamp-ton, Imperial College, University CollegeLondon, Durham & Kings College.


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The way we service our clients is unique in that we recognise that their busi-

ness aspirations are inextricably linked with their personal aspirations.

We recognise that our clients devote a lot of effort in their business to providefuture personal financial security for themselves and their dependants.

With this in mind we always strive to ensure that whatever business planning

advice we give to our client, it is complimentary to their personal financial well

being.

Our clients cover a wide range of sectors. The following list is not exhaustive as

our high calibre team of staff are always adaptable to new sectors.

Our Clients

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Doctors Family-run Businesses Limited Companies

Dentists Manufacturers Partnerships

Pharmacists IT Consultants LLP

Opticians Property Investors Trusts

Barristers Retail Entrepreneurs Sole Traders

Solicitors High Net Worth Individuals


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Audit and Accounting

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Nurul Amani KhairuddinBSc (Hons), ACA Trainee

Sai PremkumarACA (ICAI), MBA

Norfauzana AziziBSc (Hons), ACA Trainee

Hanish ShahFCCA, Manager, UK

Kee Shu PhangBA (Hons), ACA Trainee

Our Audit and Accounting division undertakes the preparation of ac-

counts for self employed individuals, partnerships and companies.

Our comprehensive service includes:

Audit of accounts

Preparation of Statutory accounts

Preparation of Management accounts

Book keeping

VAT Computation

Advice on accountancy systems

Payroll services

Preparation of Trust accounts

Preparation of Pension Scheme accounts

By undertaking the role of our clients accounts department, we help

improve management efficiency by delivering necessary and valuable

information at the right time, solving problems and avoiding risks.

Our personalised approach ensures that we are able to identify and

manage all areas of business opportunities and threats, not just com-

pliance issues related with audit.

Vedant ShahACCA Affiliate

Kunal ShahBSc (Hons), ACA Trainee

Wei HaoMSc, ACCA Member


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As tax advisors we take a practical and long term approach,

planning well in advance to maximise benefit and minimise risk

wherever possible. Compliance is just the first step; we chal-

lenge prevailing tax wisdom constantly, seeking innovative so-

lutions to the most complex tax problems.

We specialise across a range of industries allowing us to dem-

onstrate expertise and exercise innovative strategies for plan-

ning of:

Personal taxation issues

Corporation taxation issues

Exit strategies

Inheritance Tax mitigation

We also provide advice to decipher complex VAT issues as well

as handle any tax investigations by presenting the most effec-

tive strategy to manage the process.

Taxation

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Atikah Abdul HalimBA (Hons), ACA Trainee

Mona DhowtallBSc (Hons), ACA Finalist

Muhaimin HussainBSc (Hons), ACCA Affiliate

Taxation is a highly complex area and

always evolving. Our specialist tax team

provides services for:

Small businesses

Private individuals

Company Directors

Partners


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Personal:

We look after our clients in respect of their personal affairs by

providing mortgage services for both residential properties

and buy-to-let investment properties.

Corporate:

Lead Advisory services by focusing on improving clients prof-

itability and long term growth opportunities ties. Specialising

in areas such as pharmacies, surgeries and nursing homes.

Finance:

Preparation of business plans

Negotiation of finance for businesses

Raising of finance for property related deals

Debt re-structuring to reduce costs

Acquisitions, Mergers and Disposals:

Valuations

Project management and liaising with banks, solicitors

and valuers.

Corporate Finance

At Flemmings we like to see our clients grow and

we play a crucial role in facilitating the financial side

of any expansion plans. Since we are involved in

the preparation of accounts for our clients we aremuch more likely to be aware of the best action to

take when it comes to raising finance for their busi-

ness. We will assess the best form of financial

strategy to take up to suit their plans, be it a bank

loan or overdraft, private equity or capital input from

personal resources.

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Faqihuddin MustaffaBA (Hons), ACA Finalist

Amar ShahBSc (Hons), ACA Trainee


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At Flemmings we recognise there is a link between our clients

business and their personal finances. The awareness of our

clients business enables us to give high quality financial ad-

vice which is specific to the clients circumstances.

Our role is to ensure that our clients have the long term finan-

cial security they desire. Our clients can therefore devote their

time to grow and develop their businesses fully.

As independent financial advisors, we carry out extensive mar-

ket research before making any recommendations to clients.

Because we have an overview of our clients business and

their financial position, it is natural to make recommendations

that suit the clients requirements.

Services and Products that we offer:

Life Assurance and Critical illness protection

Pensions, retirement and inheritance tax planning

Savings

Investments

Mortgages

School fees planning

General Insurance

Tax efficient investments such as ISAs and VCTs

Financial Planning

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Anjali ShahBSc (Hons), ACA

Mitesh GosraniACCA

Gaurav ChavdaBSc (Hons), ACA Trainee

Suhaina MohammedBA (Hons), ACA Trainee

Hasnun Ahmad YusofBA (Hons), ACA Trainee


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At Flemmings we recognise that our high net worth clients have

an interest in property investment. To meet this aspiration we

have sourced, researched and launched several property invest-

ment opportunities.

Examples of such investments are shown in the table below:

Property Services

As part of our service, we source and arrange the finance, and

manage the borrowings for the duration of the investment.

Our property services department is also able to provide a port-

folio management service and advice on acquisitions and dis-

posals of property, as well as:

Search

Finance

Insurance

Valuations

Rating

Landlords & Tenants

Type Transaction AmountCommercial Office, retail, leisure, industrial,

retail warehouse, healthcare157 million

Residential Buy to Let investments, Devel-opments

17 million

Nimish ShahBSc (Hons),ACMA

Manager

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Arjuna MahendraACCA Affiliate

By their verynature, property

investments tendto be for the longterm and requirefinancing.


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Business Development

Zunurain UsmanBA (Acc), ACA Trainee

Dipesh GalaiyaASc (Hons), ACA, CertPFS

Manager

The Business Development team is evolving

continually to meet the sophisticated needs of

clients.

Our role is to provide solutions to the complex

financial and tax issues that clients face, some

of which have been described below:

The range of services provided includes:

Tax Planning advising clients on matters relating to

Income Tax, Capital Gains Tax and Corporation Tax.

Inheritance Tax and Estate Planning having built

their businesses and personal wealth over the years,

clients are faced with challenges such as succession

planning, estate planning for their wealth and plan-ning for the significant Inheritance Tax liabilities. We

assist clients in assessing their needs and the issues

they face, evaluate various strategies to build be-

spoke solutions to meet their needs.

Enterprise Investment Schemes assisting clients

to acquire new businesses using tax efficient strate-gies like the Enterprise Investment Scheme which of-

fers attractive tax breaks to investors. Our role is to

advise clients on the complex rules that govern such

schemes and liaising with HM Revenue and Customs

to seek their approvals.

Corporate Finance assist clients in raising equityand debt capital to help grow their businesses or en-

hance their investment returns.

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The International Department specialises in 'Wealth Management'

for medium to high net worth clients. The client bank comprises of

non-UK residents as well as UK residents looking to benefit from

offshore planning and management of assets.

The range of services provided includes:

Banking

Facilitating account opening with international banks and manage-

ment of the accounts.

InsuranceAdvice on and arrangement of various insurance cover such as

Life, Critical Illness and Endowments for savings.

Investments

Advice, planning and effecting investments across the different as-

sets classes i.e. cash, bonds, equities and property.

Taxation of Trusts and Offshore Companies

International tax planning including non-domiciliary and use of

structures such as offshore companies and trusts.

International Wealth Management

The concept of Wealth Management can be summarised as follows:

Wealth Creation

Wealth Enhancement and Preservation

Wealth Distribution

Suman MukherjeeBSc (Econ), ACA

Ashraf SalimBSc (Hons), ACA Finalist

Farquar HaqqaniBSc (Hons), ACA Trainee

Ilman ZainuddinBSc (Hons) ACA Trainee

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Long Lot Liaw, RonaldBA (Hons), ACA Trainee


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Outsourcing & IT Projects

Kamil IbrahimBSc (Hons), ACA Trainee

Outsourcing

We work closely with our India team to: Develop the marketing strategy and promote the operations

for Flemmings BPO India. Manage client relationships to ensure that the work delivered

by our India team is at a quality and standard that our clients

require.

IT ProjectsAs part of our IT services we undertake specific projects both

within Flemmings and for our external clients based on their re-

quirements. These services aim to increase operational efficiency

both within Flemmings and for clients businesses, through the op-

timum use of IT resources.

We assist clients with streamlining their systems; including provid-

ing advice in relation to their IT systems, setting up the practice

management systems and database management services.

Research on the sector specific IT systems

Preparing recommendations and proposals

Planning, initial implementation, testing and follow up

Our team specialises in providing outsourcing

and IT services to clients to increase their op-

erational efficiency and to minimise costs. Our

operations in Chennai, India provides a valu-able support function to the teams based in

the UK. The bulk of the data processing is

carried out by our India team, allowing the UK

team to promote value-added services.

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Family Wealth

Siti FarhatulBA (Hons),ACA Trainee

Audit & Accounting

Maintaining of accounting records

Preparation of management accounts

Preparation of cash flow forecasts

Preparation of annual statutory accounts

Audit

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Banking

Treasury management

Review of Borrowing

Negotiating terms with Banks

At Flemmings we also help and manage familybased businesses and private wealth.

The following services are provided by us:

Every family, looking at the next

generation, hopes to confer ad-

vantages that are more than just

material and financialto incul-

cate character and leadership, to

inspire creativity and enterprise,

to help all family members find

and follow their individual callings,

and to avoid the financial depend-

ency and loss of initiative that can

all too often be an unwanted con-

sequence of financial success.

Yet many families never succeed

in realizing that vision, much less

sustaining it for three, four, or five

generations and beyond.

Tax & Financial Planning

Succession planning

Drawing up wills and reviewing with family


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Flemmings BPO Pvt Ltd (India Office)

J. BalasubramanianACA

CEO Chennai Office

President of ICAEW , Martin Hagen

with J Balasubramanian 2009

J. Balasubramanian trained to become a Chartered Ac-

countant with Flemmings. After completing his training with

us, he went back to Chennai, India and set up Flemmings

BPO Private Limited which deal with the outsourcing of

work from UK and Africa.

India Office

He has a team of 20 staff that work under him

and are currently providing the following ser-

vices for outsourcing:

Book Keeping

VAT Returns

Preparation of Management Accounts

Payroll

Preparation of Statutory Accounts

Preparation of Trust Accounts

Preparation of Tax Returns

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Contact Details

Training Partner

Sumi Shah

Telephone : +44 (0)20 8665 7050Fax : +44 (0)20 8665 6601Email : [email protected]

[email protected] : www.flemmings.co.uk

76 Canterbury Road, Croydon, Surrey, CR0 3HA

Tel: 020 8665 7050 Fax: 020 8665 6601

Email: [email protected]

Website: www.flemmings.co.uk

Best Business For Training & Development Best Medium Sized Business

Training at Flemmings (2)

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