Garside & Co LLP

A Message from Lord Pickles and Lord Blunkett, followed by Garside & Co LLP's best practice article

The ability to listen and learn from one another has always been vital in parliament, in business and in most aspects of daily life. But at this particular moment in time, as national and global events continue to reiterate, it is uncommonly crucial that we forge new channels of communication and reinforce existing ones. The following article from Garside & Co LLP is an attempt to do just that. We would welcome your thoughts on this or any other Parliamentary Review article.

Blunkett signature Rt Hon The Lord David Blunkett
Pickles signature Rt Hon The Lord Eric Pickles

www.garsideaccountants.co.uk

THE PARLIAMENTARY REVIEW
Highlighting best practice
30 | GARSIDE & CO LLP
Stephen Garside,
FCA BSc FRSA
The advent of Brexit, though seen by some as a challenge,
is considered by others as an opportunity. Stephen
Garside, founder of Garside & Co LLP, a boutique West
End accountancy firm, aims to facilitate discourse between UK
professional services and international groups. Here he discusses
the positive impact of Brexit for UK business interests, the future
of UK trade in general and the place Garside & Co will hold in
this new chapter of the world economy. The motto is to not let
big issues pass without taking advantage of generating all the
changes possible.
I established Garside & Co LLP over 30 years ago and have provided personalised
professional accountancy services for our clientele ever since. Our long-serving staff
of eight tend to the needs of high net worth individuals and international groups
with UK holdings, facilitating discourse between foreign interests and the expert
provisions of UK-based banks and legal structures.
Ours is a boutique independent practice whose mainstream work involves accounts,
audits and taxation. Garside & Co works primarily for those who wish to invest in
the UK; these are non-domiciled individuals or businesses who wish to benefit from
the excellent standards of service provided by UK professionals. People gravitate
towards London not only because it is a good place to settle and live, but because
it is an international hub for business. In the realms of communications, law,
banking and the professional help on offer, London is unrivalled. For this reason,
many groups across the world desire a UK holding company for their international
assets. This allows access to the double tax treaties to optimise their business.
Garside & Co operate on behalf of these international groups and assist in the
establishment of such companies. All big global contracts, even those prepared in
rival business hubs such as Dubai, are drawn up under UK law using UK lawyers
and the provision of UK courts. The UK judicial and banking systems are invariably
selected for international businesses because they are widely respected and proven
to work well. We establish a structure in the UK for international groups and
facilitate strategic introductions to other professional firms, providing UK-quality
expertise for international organisations, providing subsidiaries with UK-based
business holdings and access to trustworthy facilities such as bank lending, lines of
credit and all additional “trading documents”.
The structures we establish consider political protection for our clients. If a foreign
government were to interfere with or expropriate one of our client businesses, they
would be interfering with a UK company. If such an incident were to occur Garside
& Co can contact the Foreign Office and receive embassy support – thus the
security of the UK legal system is provided for foreign business owners.
AT A GLANCE
GARSIDE & CO LLP
»Founder: Stephen Garside FCA
BSc FRSA
»Established in 1987
»Based in the West End,
Central London
»Services: Independent
accountancy firm, providing
personalised and professional
services for an international
clientele
»No. of staff; 8 long-serving
individuals
»Clients include interests in
Russia, Ukraine, Italy, France
and Cameroon
»Registered to carry out audit
work by the Institute of
Chartered Accountants in
England and Wales
Garside & Co LLP
31GARSIDE & CO LLP |
BEST PRACTICE REPRESENTATIVE 2018
Our clientele
Garside & Co is well situated to tend
to the needs of international clients,
not only due to its connections
throughout the legal, financial and
political sectors of London, but its
geographical location in the West End,
just off Regent Street, physically places
it in a good location for international
clients who can fly in from abroad,
meet with our staff for consultation
and depart the country within the
same day.
Our clients are seeking an
approachable service that will treat
their needs with competency and
confidentiality. Garside & Co have a
moral ethos based in Christian ethics,
and as such we treat our clients’ needs
and wishes with the utmost security
and respect. We further ensure our
service is personally tailored to the
requirements of the individual client.
Much like a Savile Row suit we do
not use a “one size fits all” template
taken “off the rack”, but instead tend
to each client independently, catering
to the service-sensitive clientele, and
believe that the quality of our service
transcends the importance of price –
and our clients, many of whom have
been working with us on a long-term
basis, agree.
Brexit and beyond
Garside & Co understand the
singularity of Brexit to be a positive
opportunity for both the UK and
trade on an international scale.
Brexit is a sign that the UK can
become increasingly open for global
business. Though it will be difficult
transitioning from the comfortable
complacency of the European Union,
the move will ultimately be in our
best economic interests. On a global
perspective, Europe is declining as a
hub of economic growth, becoming
increasingly tangled in internal
politicking and stifled by rules and
regulations. It is in the best interests of
the UK to move away from this region
and towards regions where the growth
of future world markets will occur. For
the next few decades, maybe even
the next century, these areas will be in
China, Middle East, India, Africa and
Latin America. These are the areas
that will be embodying a dynamic,
business-focused approach towards
international relations.
The UK is a hub of scientific
development, higher education,
dynamic start-ups, businesses and
individuals, all of whom will benefit
from the freedom to access world
markets. Though there has been
product standardisation in Europe
ensuring the quality of goods and
services, the long-term decline of the
European Union through inward-
looking political debates about
integration at the expense of trade will
ultimately prove disastrous for them.
The UK has been wise to get out while
it still could, with its integrity and
professionalismintact.
The advent of Brexit means the UK
is now freed to focus on the entire
world. We currently encounter issues
in our day-to-day operation and
management of clients stemming from
an overly complex tax system and an
overly regulated business environment.
In the fullness of time, being out of
the European Union will give us the
freedom to review and replace these
outstanding issues. At Garside & Co
we aspire to grow our business, take
on more staff and partners and secure
more long-term future contracts. In
the aftermath of Brexit, we will remain
functioning and focused, expand our
already global emphasis and deepen
our engagement with international
individuals and companies. The
message from the UK and Garside &
Co to the world, in these new and
exciting times, is this: we are open
forbusiness.
Centrally located for
international businesses
Brexit is a sign
that the UK
can become
increasingly
open for
global
business

www.garsideaccountants.co.uk

This article was sponsored by Garside & Co LLP. The Parliamentary Review is wholly funded by the representatives who write for it. The publication in which this article originally appeared contained the following foreword from Rt Hon Kwasi Kwarteng.

Rt Hon Kwasi Kwarteng's Foreword For The Parliamentary Review

By Rt Hon Kwasi Kwarteng

This year’s Parliamentary Review reflects on a tumultuous and extraordinary year, globally and nationally. As well as being an MP, I am a keen student of history, and I am conscious that 2020 would mark the end of an era. It will be remembered as the year in which we concluded Brexit negotiations and finally left the European Union. Above all, it will be remembered as the year of Covid-19.

In our fight against the pandemic, I am delighted that our vaccination programme is beginning to turn the tide – and I pay tribute to the British businesses, scientists and all those who have helped us to achieve this. But the virus has dealt enormous damage, and we now have a duty to rebuild our economy.

We must ensure that businesses are protected. We have made more than £350 billion available to that end, with grants, business rates relief and our furlough scheme supporting more than 11 million people and jobs in every corner of the country, maintaining livelihoods while easing the pressure on employers. The next step is to work with business to build back better and greener, putting the net zero carbon challenge at the heart of our recovery. This is a complex undertaking, but one which I hope will be recognised as a once in a lifetime opportunity.

Through the prime minister’s ten point plan for a green industrial revolution, we can level up every region of the UK, supporting 250,000 green jobs while we accelerate our progress towards net zero carbon emissions.

With our commitment to raise R&D spending to 2.4% of GDP and the creation of the Advanced Research & Invention Agency, we are empowering our fantastic researchers to take on groundbreaking research, delivering funding with flexibility and speed. With this approach, innovators will be able to work with our traditional industrial heartlands to explore new technologies, and design and manufacture the products on which the future will be built – ready for export around the globe.

And I believe trade will flourish. We are a leading nation in the fight against climate change. As the host of COP26 this year, we have an incredible opportunity to market our low-carbon products and expertise. Our departure from the EU gives us the chance to be a champion of truly global free trade; we have already signed trade deals with more than 60 countries around the world.

As we turn the page and leave 2020 behind, I am excited about the new chapter which Britain is now writing for itself, and for the opportunities which lie ahead of us.
Rt Hon Kwasi Kwarteng
Secretary of State for Business, Energy and Industrial Strategy