Octopus describes its finance team as a “young, dynamic group of people currently responsible for more than 120 limited companies, 18 plcs, 200 revenue-streams and more than 160 bank accounts”. “We are an extremely busy team striving to be best in class.”
Accountancy Age’s judges agreed with the description. The finance team at Octopus is charged with presenting the investment management business’ finances back to the company, plus holding together the numbers for eight startups linked to the business.
The average amount of assets per business has already grown to £40m. The highest turnover has been £60m pa. Some have even bought other businesses resulting in complex consolidations.
Octopus’ funds are now governed by regulation, which involves complex representations of how those funds are invested.
So, the finance function created automated models that help business managers to plan for growth strategies. These models allow managers to undertake scenario analysis by amending just a few key drivers.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.