Colledge & Co, Chartered Accountants

Frequently Asked Questions:

1) So who are Colledge & Co?

Colledge & Co is the trading name of MPC Financial Consulting Ltd that began in 2004 to offer accounts, book keeping and general business functions for businesses in the Leicester area. It has now expanded to South West London in addition to the East Midlands.

MPC Financial Consulting Ltd is a member firm of the Institute of Chartered Accountants in England and Wales.

For more on the owner please click here.

2) So why use Colledge & Co?

We believe that we offer an alternative for the following reasons:-

• Your work is undertaken by a qualified Chartered Accountant rather than someone who is yet to possess a qualification. The rates charged are more than comparable with that of a trainee at the larger accounting firms so you will be getting a better value for money service.

• We cap our fees for the first year of business with you within the range agreed at the time of our appointment.

• We travel to your premises to discuss accounts and collect book rather than require you to come to an office.

• A free, no obligation advisory appointment is offered for start ups and potential new businesses.

There are no contractual tie-in periods with us- we only enter into long term contracts at your request. You are free to come and go as you please.

For professionals relocating to the UK from overseas we offer advice and services from the time you enter the UK to the time you leave. The owner has done similar (but in the opposite direction!) so not only has experience in relocations but also has a sympathetic understanding too!

3) Qualified in what?

All of our team are qualified Chartered Accountants and members of the Institute of Chartered Accountants in England & Wales (ICAEW) with experience across a broad range of businesses in the UK and overseas. Indeed one of our team has 50 years accountancy experience!

The company behind Colledge & Co (MPC Financial Consulting Ltd) is a Member Firm of the Institute of Chartered Accountants in England and Wales (ICAEW).

Additionally amongst the team there is ICAEW accreditation in the new International Financial Reporting Standards and a Certified Fraud Examiner (qualified via the Association of Fraud Control Examiners)

4) Why do you mention 'qualified' so often?!

Unlike the term 'Solicitor' or 'Architect', the word 'Accountant' is not legally protected in the UK (despite extensive lobbying by the UK Accountancy Bodies). So therefore unlike someone who fights a case for you or designs a house, anyone can call themselves an accountant and do your books. Potentially there could be problems!

However not everyone can call themselves a Chartered Accountant. They must pass stringent exams and a comprehensive accountancy education in the form of 3 years of on the job training before being admitted to the Institute of Chartered Accountants in England and Wales ("ICAEW").

The ICAEW is a body of 130,000 accountancy professionals worldwide and is consistently held as being a premier institution with a premier qualification. Members are bound by strict Institute Guidelines and are legally responsible for upholding such standards in the courts system. Member firms must have adequate professional indemnity insurance should there ever be problems.

These additional responsibilities set down on its members give all clients a comfort of an enhanced service. We are proud to be Chartered Accountants and an ICAEW Member Firm for this very reason!

5) What are your rates then?

We offer a competitive rate to new and established businesses. We promise to cap our fees for the first year according to our initial agreement. Should the value of work carried out be in excess of the quoted fee we will charge no extra and also advise you of what likely fees would be for subsequent years.

As mentioned above you also get ALL work carried out by qualified Chartered Accountants.

6) Where do you work?

We are based in London and Leicester. We do not consider ourselves geographically tied to these areas however and will be able to provide assistance across the UK; these however may be subject to additional overnight stays and travel costs.

For more information please visit www.icaew.com.

7) What type of businesses do you serve?

We make ourselves available to all types and sizes of business - no business, or business idea, is too small. We have on hand a wide range of accountancy experience covering all sizes of business and, as such, are generally able to provide assistance for all businesses. If there is a service you require that is not listed on our services page, please call us on 0845 604 2028 to see how we can help.

8) So what experience do you have?

As mentioned above, we use only qualified Chartered Accountants and each team member has up to 50 years experience in their field. As a minimum our team will have five years accountancy experience.

9) Are there any other business services that you offer? Colledge & Co's sister divisions offer resources for short and medium term business assignments, payroll solutions and fraud & forensic accounting via MPC Financial Consulting Ltd. Please click here to take you to the MPC Financial Consulting Ltd homepage.

10) So who do I contact?

Please feel free to call us on 0845 604 2028 or e-mail on info@colledge.co.co.uk. We look forward to hearing from you.

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Tel: 0845 604 2028

e-mail: info@colledgeandco.co.uk

Colledge & Co is part of MPC Financial Consulting Ltd