PracticeConsultingBarterTrust trades in US base for UK

BarterTrust trades in US base for UK

Business-to-business bartering company BarterTrust announced today it is relocating its headquarters from San Francisco to London.

The company, which already operates in the US, Canada and Latin America, says it will transfer its headquarters to London as it expands internationally, seeing the UK as its gateway to Europe.

Philip Letts, president and CEO of BarterTrust said London was attractive ‘because it has a more international markets, the largest concentration of financial services in the world and great infrastructure for financial services’.

‘I’d say the US and UK are probably the most advanced from an accountancy perspective,’he added.

Letts said the company was hiring personnel locally and would announce a new CFO in the next couple of weeks.

‘Barter exchanges are proven to help businesses with cashflow and they also assist businesses of all sizes to leverage their corporate assets much more effectively,’ Letts said.

According to Letts, Barter exchanges will benefit finance directors and accountants.

The BarterTrust Network is an international business exchange for companies to buy or sell products or services using a non-cash means of exchange.

The key benefits of the BarterTrust Network is that it maximizes revenue by reducing excess inventory or spare capacity, improves cash-flow management and exposes companies to new customers and markets.

Links

BarterTrust

Related Articles

5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

Consulting Tyrie on Finance Bill 2017: ‘Making Tax Policy Better’

11m Stephanie Wix, Writer
Managing partner Q&A - the year ahead: Richard Toone, CVR Global

Accounting Firms Managing partner Q&A - the year ahead: Richard Toone, CVR Global

12m Kevin Reed, Writer
Deloitte 'self-imposes exile' on government contracts to defuse PM row

Accounting Firms Deloitte 'self-imposes exile' on government contracts to defuse PM row

12m Kevin Reed, Writer
Managing partner Q&A - the year ahead: Julie Adams, Menzies

Accounting Firms Managing partner Q&A - the year ahead: Julie Adams, Menzies

12m Kevin Reed, Writer
Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

Business Regulation Friday Afternoon Live: Deloitte's tech thing; PAC wants HMRC 'contingencies'; and Sports Direct

1y Kevin Reed, Writer
Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

Audit Friday Afternoon Live: HMRC complaints rise; Deloitte scoops big audits; and corporate reporting woes

1y Kevin Reed, Writer
New head of equity capital markets for KPMG

Accounting Firms New head of equity capital markets for KPMG

1y Stephanie Wix, Writer