We acted for an entrepreneur who establishes multiple family office investments in the property sector.
Chris Vane-Tempest, via his company Vane-Tempest Management Limited, is an entrepreneur who establishes multiple family office investments in the property sector. For each transaction, he researches a development site and structures a deal which he proposes to suitable investors from his portfolio of high net worth individuals. He then oversees the projects from acquisition to disposal.
Not wishing to employ someone full-time in a senior finance role, Chris was looking for a firm with deep knowledge of the property sector who could provide the full suite of accountancy services that he needed to support him throughout his multiple projects. He can have up to five investments on the go at any one time and each project takes around 18 months from initial research to disposal. Chris therefore also needed a firm that offers a scalable and flexible service, which could adapt to his needs at any one time.
How did Blick Rothenberg help?
Working with this sort of entrepreneurial organisation requires agility and a forward-thinking approach. Each investment has its own nuances, especially in relation to the VAT and Stamp Duty that is applicable to each acquisition.
We provided the full range of accountancy and back office support for each transaction, from VAT registration, CIS registration, corporation tax, year-end accounts and statutory services to outsourced accounting and bookkeeping.
Chris benefitted from the expertise of our outsourcing team by having dedicated individuals at all levels.He didn’t have the stress of hiring an individual bookkeeper, financial controller and finance director, as our team had it fully covered in-house. Chris also didn’t need to worry about the burden of the year-end tax season as our outsourcing package covered this.
To meet the need of Chris’ investors, we produced a quarterly reporting pack for each of them. We also held board meetings at our offices, giving them transparency over the progress of the project and the status of their investment.
We handle all enquiries under one roof, pulling in our experts in different areas as and when required. This means that Chris has timely and expert advice at his fingertips so he can concentrate on the day-to-day running of his organisation.
Chris is now a longstanding client of the firm. We continue to provide the high quality, bespoke, personal service he needs so that he can grow and scale his business. We also provide his investors with confidence through our independent advice, meaning that they continue to work with Chris on future projects.
Would you like to know more?
To discuss your outsourcing needs, please contact Stephanie Levin or Yasmin Putz for further information.