Case Studies
Take a look at how our services have changed the way property businesses are approaching their accounting and compliance requirements, and freed up time for those businesses to do what they do best.
The Ellis Campbell Group
A fifth generation Family Property Investment Office
The Brief
We own a portfolio of properties through various group companies and joint venture structures. We want to focus on implementing our business strategy and find that outsourcing helps us to do that. At the same time we need to be able to rely on our accounting and tax records, and all compliance aspects of our portfolio. We need a proactive and collaborative approach and we want a trusted adviser to be there to provide clear, prompt and meaningful day-to-day advice.
The Solution
The team at Harold Sharp have an impressive understanding of our family and business on all fronts and provide the full breadth of services, ranging from an outsourced accounting and tax compliance service to accounts for the complex corporate and trust structure of the family office. On top of that, they provide advice at a more strategic Board and tax planning level.
The Outcome
We have complete faith in the team’s ability and depth of knowledge on all of these issues and I highly recommend them for a holistic approach to your family or business accountancy and tax needs.
“An impressive understanding of our business and a fully outsourced service we can rely on.”
Real Estate investment managers
The Brief
We are property managers in a high pressure environment where we are striving to maximise our investors’ returns. Those investors quite rightly demand transparent, accurate and timely regular management reporting and confidence that all compliance aspects are dealt with professionally and accurately.
The Solution
Rather than employing a finance team, we use the services of Harold Sharp. They take away the hassle of managing an in-house team and the risk of staff turnover or non-performance. The reporting meets, and often exceeds, the high standards demanded by our investors – enabling us to get on with our job of maximising our investors’ returns.
The Outcome
We can be confident that the day-to-day accounting, management reporting and tax compliance for our investors is accurate and timely. We can use those reports as real-time information to provide value. Harold Sharp cuts through the complexity and gives us direct access to our financial information wherever we are.
“We can concentrate on providing outstanding returns for our investors.”
C2 Industrials LLP and Stenprop
The Brief
C2 Industrials LLP partnered with an institutional investor to form an Industrials Limited Partnership (“LP”), which planned to invest in multi-let industrial properties across the UK.
The Industrials LP commenced in January 2015 and over the next 30 months invested over £100m, acquiring 25 multi-let industrial estates throughout the UK. Those properties were managed by three agents with different reporting systems and output. Harold Sharp managed the entire financial operations from day-to-day cash management through to operational and statutory reporting to the management team and investors.
As an institutionally backed investment, C2 Industrials was required to produce management accounts within 5 days of each month-end and comply with the reporting requirements of a multinational investor.
The Solution
Harold Sharp managed the Industrials LP on a cloud-based platform utilising bank feeds and brought in agents’ records, supplier invoices and expenses via an API enabled application, delivering an integrated solution which could be managed and accessed remotely.
The Outcome
Harold Sharp designed and delivered a scalable cloud-based solution providing real-time information for a multinational investor with a geographically diverse portfolio managed by multiple property agents.
In June 2017, the Industrials UK LP was sold to Stenprop. Harold Sharp acted as advisors to C2 Industrials LLP and its institutional partner on this transaction, managing the financial due diligence process, advising on the contract and preparing the associated completion accounts.
Following the acquisition of Industrials portfolio, Harold Sharp was retained by Stenprop to manage the entire financial operations of Stenprop’s MLI division – now a portfolio of 60 industrial estates valued at £255m. Due to the massive scale of the new operation, Stenprop decided to take the accounting in-house. The cloud-based integrated systems used by Harold Sharp were easily portable, meaning that the in-housing was very simple.
“Harold Sharp managed the day-to-day financial operations of a fast growing multi-let industrial (MLI) investment business.”
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