How To Choose An Audit Firms For Your Small Business in London?

There are a lot of Audit Firms in London. This is not surprising given that London is one of the great financial centres in the world. But with so many audit firms in London how do you choose – and do you really need an audit firm in the first place?

Auditors East London

Well, all medium and large businesses are required by law to perform an annual statutory audit so if your business is in that category you definitely do. Try to find an Audit Firm that turns this annual chore into an opportunity to deliver a detailed picture of your business’ financials, risk assessments and analytics. Such a report can show you that all of the applicable regulations have been followed, and really must be undertaken by appropriately qualified Auditors, but they provide shareholders, directors and stakeholders with a detailed overview of your company’s performance. This is information which an be invaluable as a platform for the planning of future funding or expansion opportunities.

It is because the information provided by an audit is so useful many small businesses which are not required by law to conduct an audit do so anyway, considering it to be a worthwhile investment. Our team of auditors East London can show you all of the ways a non-statutory audit can be used to reveal the health of your trading position – this in turn is fantastic evidence to present to your bank when you are looking for finance or investment. You should look for an audit firm that can provide you with information which will allow you to demonstrate complete compliance with UK regulation and ensure that your standing with both the regulators and the banks remains high.

It also makes sense to choose a small but high performing firm such as MMBA. You might think that it would be better to choose a large firm, but honestly in this case size is not a virtue. We are a smaller firm, but we deliver “big firm service” – indeed we would argue that our service is, if anything “value added”. The big auditor firms in London are likely to put your business into the care of junior account handlers, but our clients are always looked after by experienced senior staff. Because we are smaller we are able to deliver a much more personal, friendly service alongside high quality results.

Look also for a firm that can do more than just auditing. When they need business or personal tax advice London clients know that we are always there to help. As a smaller firm we are nimble and able to offer assistance with all financial aspects of your business.

So whether you are a small, medium or large business, whether you employ hundreds of people or work by yourself, getting a fully comprehensive audit conducted every year – whether you are required to do so or not – is a sensible thing to do. Such a report can deliver the data showing you areas where improvements should be made, and help you to draw up a road map to deliverable growth.

So, if you are looking for an audit firm in London consider whether they are able to present you with information that will help you plan for the future of your business, but your affairs into the hands of senior people with the right experience and help you with other aspects of your financial activity. We know that we tick all the boxes, so you can save yourself a great deal of time by just calling us first.