"It’s freed us to focus on running this fast-growing business"

Revas provides exactly the right accountancy partnership for a dynamic business.

The founding directors of this commercial lending company always expected to outsource their accountancy function but their sophisticated approach to lending meant that it needed to be able to handle complex transactions and provide daily reports for a large number of entities.

One of the founders explains: “Our intention had always been to keep the business very slim in terms of headcount. We have quite intense accountancy requirements, but we never wanted to devote management resources to running a finance department.”

The company’s directors held meetings with various prospective providers, including an accounting consultancy, but this turned out to be an expensive option and did not offer the wide range of services that they needed.

An acquaintance recommended Revas, and, after meeting, the founders became convinced that Baker Tilly would be a reliable partner, equipped to provide all of the services they needed, including bookkeeping, payroll, VAT filings and annual accounts.

Business benefits at a glance

• Freedom to focus: “It’s freed us to focus on running this fast-growing business…. concentrating on the really important business of running (our) company.”
• Access to advice: “The best thing about this set-up is the level of unsolicited advice we have been given, which has saved us from accounting pitfalls we didn’t even know existed.”
• Significant savings: “It’s saved us money, it’s saved us office space.”

So impressed were they by the professionalism of the Revas staff that they went a step further and hired a Baker Tilly partner as a ‘virtual’ Finance Director. “We’d considered hiring an FD, but we needed somebody who was really good who was willing to work only part time,” said the director. “We now meet every three months with a partner at Baker Tilly’s Bloomsbury Street offices who reviews our accounts and answers any questions we have. The best thing about this set-up is the level of unsolicited advice we have been given, which has saved us from accounting pitfalls we didn’t even know existed.”

Using Revas has resulted in considerable cost savings for the company. The director believes that the entire service package costs them less than the price of a single, experienced accountant.

He concludes: “It’s saved us money, it’s saved us office space, but, best of all, it’s freed us to focus on running this fast-growing business. I just can’t work out why other companies aren’t outsourcing accounting as a matter of course and concentrating on the really important business of running their company.”