For Insolvency practitioners

Insolvency process support from appointment to conclusion.

Outsourced expertise including data recovery, accounting, statements of affairs, administration and deeper investigation when needed.

Computers and data

Direct log in to servers and other computers:
• Data extraction
• Search for missing drives and report
• Recover deleted data
• Recover deleted emails and attachments
• Find cloud based software used by the organisation

Accounting and administration

Detailed review of accounts data files:
• Enter all available outstanding data up to date
• Reconcile bank, credit cards, receivables and payables ledgers
• Extract debtor and creditor lists with mailing details
• Debt chasing and recovery using cloud based CRM
• Issuing letters to creditors
• Preparation of draft statement of affairs
• Translation of all documents into other languages
• Review of any other documentation.

Asset and people tracing

Sometimes, deeper investigation is needed. Our personnel include ex-police and ex-military at the highest levels who regularly travel the world tracing assets and people as well as recovering assets which have been misappropriated.
Skills include Red Team penetration testing, dark web and Open Source Intelligence (OSINT).

For Companies

Accounts department support and outsourcing for companies.

Expertise in offering staffing solutions matching your business requirements, and running your accounts department by using industry specific software.

Staffing

We offer a comprehensive Staffing option where we employ staff in our offices in Kosovo and North Macedonia who report directly to you. Please have a look at GSI Outsourcing for more information on the simple, low-cost process of hiring staff matching your requirements.

Staff can work in all areas of your accounts department including bank transactions and reconciliation, payroll, CIS, purchase ledger, sales ledger and debt chasing.

Accounts Department

Our accounts department can be your accounts department. We carry out everything from data entry to acting as financial controller and up to Chief Financial Officer. This service is available to small business who might need a part time bookkeeper up to outsourced accounts departments for companies with turnover up to £100m.
Many companies are taking advantage of numerous benefits of outsourcing with us. One example is a client where we manage 7 full time accounting staff, including the financial controller – 2 full time staff at the company’s premises in UK and another 4 full time staff in our Kosovo office.

Software

We work with many types of software and can also report on potential improvements to software and integrations to streamline operations.

Smaller businesses: Use of cloud based software such as QuickBooks Online can reduce work and put accounts information literally at the fingertips of the owner with a superb app.
QuickBooks and Xero both integrate with a range of other industry specific software and we are expert at integration.

For Corporate Service Providers

Outsourced accounting support for Corporate Service Providers in Malta.

Low cost, professional accounting services including data entry and reconciliation, payroll processing, VAT returns, audit report and tax computations.

Accounts with payroll and vat

Our professional data team carry out data entry using most software across multiple companies, through to accounts completion, enabling timely reports. Aimed especially at Corporate Service Providers in jurisdictions such as Malta, we enter, reconcile and check accounts data through to the production of management accounts for review. Data entry can be carried out on a rolling basis, as data is generated, or monthly/quarterly, producing VAT returns and processing payroll.

Statutory accounts and filing

We make sure that your statutory accounts and the filing procedures comply with the regulatory authorities standards. We integrate the accounting system with accounts production software and use Caseware UK, Caseware Malta and CCH Accounts production.

Audit: Our audit associates in Malta can review, audit and sign off audit reports. Their audit is independent and they will engage with the company directly for pure audit.

Tax: We can prepare the relevant tax computations and returns for filing with the authorities.

For Lawyers and Regulators

Accounting reviews, forensics, investigation and asset recovery.

Highly experienced in reviewing financial data, data recovery, asset tracing and recovery, and carrying out due diligence processes during acquisitions and mergers.

Forensics

Reviews of financial data and reporting on significant trends in cases such as loss of profits claims or business interruption, using regression analysis, data mining and old fashioned experience. Our forensics teams use many analysis techniques and work closely with lawyers to identify and analyse key evidence.

Business Intelligence and Due Diligence

Digging deeper is sometimes necessary to gain knowledge of transactions by understanding the people involved and their connections. Our intelligence teams are experienced in searching for information with backgrounds in both the Police and Military. They use advanced high level techniques to find information including dark web searches as well as covert and counter surveillance.

Our expert team of investigators are experienced in carrying out covert DD during acquisition processes or when entering a new marketplace. A program of steps to gaining intelligence can be tailored to the specific circumstances.

Asset tracing and recovery

In liquidations, bank or lease financing, regulatory breaches and many other scenarios, assets can be identified which are proving difficult to locate. It is possible that the asset needs to be identified for purposes of evidence or that it should be recovered.

It depends on the circumstances but our asset tracing teams have much experience and success in this area across multiple jurisdictions, including tracing cars, yachts and other equipment, when where the environment is not friendly. We will work with you closely and efficiently in order to quickly trace assets and people where necessary, as well as recover misappropriated assets.

For Accountancy Firms

Smoothing the work peaks for accountants.

Delivering outstanding staffing and outsourcing services for accountancy firms including processing accounts and tax returns using our clients’ preferred software.

Staffing or outsourcing

STAFFING: We offer a simple staffing solution, where staff employed by us locally, in our British run, low cost offices in Kosovo and North Macedonia, report directly to you. There are four simple steps to follow and in a short time you will have experienced staff, at much lower cost, with significantly reduced employment commitment from your firm. Please have a look at GSI Outsourcing.

OUTSOURCING: Assign clearly defined tasks to us, and we will deliver completed work, with a UK Chartered Accountant managing our offices in Kosovo and North Macedonia. Here is an example of services.

Outsourcing services for accountants

Accounts:

• Data entry using cloud software or via secure login to your server
• Bank and card reconciliations
• Management accounts
• Preparation and review of VAT returns
• Payroll processing using most software
• CIS returns and calculations including payment certificates
• Statutory accounts for Companies House

Tax:

• Corporation tax returns
• Preparation of personal tax returns

Software

The software we use includes QuickBooks desktop, QuickBooks Online, Xero, Sage and Exchequer. For accounts production and tax we use the CCH Suite and Caseware. We also log into client servers and use their software directly.

For Corporate Due Diligence

Due diligence services for research and acquisitions.

Expertise in implementing corporate due diligence processes, carrying out deeper investigation when needed including forensic analysis, dark web searches and open source intelligence.

Corporate Advisory Due Diligence

Corporate acquisitions go through a process of due diligence, usually embracing commercial, legal and finance due diligence (“DD”). We are experienced in carrying out DD exercises and also at receiving and responding to DD enquiries locally or cross border, supported by GSI Translations where acquisitions involve different languages.

Depending on the sums involved, deeper due diligence may be necessary. The numbers and legal documents may read well but what are the relationships through the supply chain? Are there any key staff which may not have been identified? Does the management team have day to day control or is the owner still the key person, even if operating from a remote location?
Our investigation colleagues are experienced in carrying out covert DD during acquisition processes to mitigate risk and help you safely implement your investment strategy. A program of steps to gaining intelligence can be tailored to the specific circumstances.

Standard outsourced due diligence

Data rooms are largely cloud based or on secure access servers so much work can be carried out without a need to be in any particular location

Acquisitions: Preparation of tailored DD questionnaires for accountants who may not have the resources to deal with a client acquisition. Managing information received from target companies by scrutinizing the financials, examining the debt load, and assessing litigation. Reporting accordingly after the DD process is undertaken.

Company sales: Preparing responses to DD issued to target companies, with a view to maximum valuation.

Deeper techniques

• Forensic analysis of trends and other indicators
• OSINT (Open Source Intelligence)
• Dark web searches
• Covert surveillance
• Corporate research, many global jurisdiction