Proview Accountants

A Message from Lord Pickles and Lord Blunkett, followed by Proview Accountants'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 Proview Accountants 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, MP
Pickles signature Rt Hon The Lord Eric Pickles, MP

www.proviewaccounting.com

THE PARLIAMENTARY REVIEW
Highlighting best practice
30 | PROVIEW ACCOUNTANTS
Founder and CEO
Sameer Dooreemeeah
Proview Accountants is a multiservice accountancy firm based
in Finchley, North London. Founded in 2012, Proview has
grown year on year and has doubled its turnover in the past
12 months. To appeal to a new client base, it has been a pioneer
of an online-based accounting service, which is now available
to all its customers. Founder and CEO Sameer Dooreemeeah
explains that their proactive, personalised approach has allowed
the business to grow substantially through referrals, and he
discusses his ambitions for a second office.
Proview Accountants is a proactive accountancy firm with a personal and
professional approach, which has provided clients with tailored services since I
founded the business in 2012. We work mostly on a fixed-fee basis – to ensure
clients maximise the benefits of our services without the concern of hourly rates
– which has allowed us to establish plenty of goodwill with our customers. The
support and goodwill we have received has translated into a high referral rate,
which has been the catalyst for our rapid growth. We have also established a
business community, which has further enhanced our referral rate, offering clients
the opportunity to network at organised events and meet-ups.
Foundation
I have acquired extensive experience advising clients both overseas and locally for
over 15 years on their many needs, including complex audit assignments, corporate
reporting, tax planning, business advisory and corporate finance.
Prior to founding Proview Accountants, I was a director at Spencer Hyde, a
chartered accountancy firm and auditors based in London. I was offered equity
partnership, but I decided to turn down the offer of partnership to fulfil my
ambition of running my own firm.
I founded Proview Accountants later that year, and began working with only one
client. Even though it was difficult in the beginning, I was determined to build
up a reputation for hard work and quality service. Developing a reliable, quality
reputation has allowed Proview to grow, and it remains the primary reason for our
rapid progression. We spend a very small amount of our budget on marketing, and
referrals still account for the majority of our new clients.
In six years, I have built a portfolio of 150 clients and employed five members of staff,
including two qualified accountants. Our online services and highly qualified staff
enable us to cut costs, and I employ far fewer members of staff than a number of
firms with a client base as large as ours. To continue our progression, we are looking
for a new office in central London that will allow me to meet existing and potential
clients at shorter notice, while reducing travelling time for meetings and events.
AT A GLANCE
PROVIEW ACCOUNTANTS
»Founder and CEO:
SameerDooreemeeah
»Founded in 2012
»Based in Finchley, north
London
»No. of employees: 6
»Services: Bookkeeping and
accountancy, tax compliance
and tax planning, business
advisory services
Proview Accountants
31PROVIEW ACCOUNTANTS |
BEST PRACTICE REPRESENTATIVE 2019
Network of clients
There are currently 150 clients using our
services, which we manage with five full-
time accountants and a corporate law
consultant. Alongside our accountancy
and taxation services we offer a
corporate advisory service that provides
our clients with business insight and an
online-based accounting service. The
online service has been a key innovation,
as it allows each client to access more
information from remote locations
and provides greater transparency.
As a result, clients can work more
efficiently, and this has proved helpful
for clients with officesabroad.
Our work with John Hitch Seating Ltd
is a good example of our corporate
advisory capabilities. While the previous
owners were retiring, we assisted
investors in negotiating the acquisition
price, acquiring finance and conducting
the buyout process. Prior to the buyout,
the business had been making a small
profit; however, with our help the
investors were able double the turnover
in two years. After the buyout had
been completed we helped overhaul
their marketing strategy and website
and provided the new management
with business advice that allowed them
to cut costs, locate potential efficiencies
and expand theirproduction.
Expansion plans
At Proview, we are excited about the
future and we are taking the necessary
steps to ensure we are on the right path.
To achieve our goals, we need to invest
in a new office in central London that
will provide more convenience for clients
coming from abroad and from the rest of
the UK. Our current location in Finchley
has been excellent for building our UK
reputation; however, to take the business
to the next level, we need a central
London office with better transport links.
Our aim is to increase our turnover by
50 per cent in the next 12 months. The
continuous development of our network
and business community means that this
is a realistic goal, and we will employ
two qualified accountants to help us
cope with the new workload. We are
also looking to diversify our offerings
and expand our services. In the past, we
have successfully negotiated voluntary
tax disclosures with HMRC, and we can
provide this service more frequently
to property investors and asset-rich
individuals, who may have lost track of
the tax required on their portfolios. We
are also in the process of obtaining our
licence to offer probate and inheritance
tax planning services to ourclients.
Brexit will also play a big role in our
potential expansion, as it has brought
about uncertainty that is affecting our
current clients and potential clients.
The impact that Brexit may have on the
service industry is particularly relevant
for our business; many ramifications
of Brexit remain unclear, especially
around issues such as passporting
rights, tax, compliance and the general
impact of business. Among all this
uncertainty, however, it is clear that
Proview will rise to the challenge;
we have a valuable role to play in
advising clients on the tax and financial
implications of our EU withdrawal.
Continual investment in our
future
Our IT strategy has been a key reason
for our success, and I am hoping to
continue to set us apart from our
competitors by providing the best
online offerings. Because of the quality
and sophistication of our online
services and use of the latest software,
our current business model will allow
us to invest our money in improving
the client experience and service.
Our referral rate and burgeoning
reputation mean we do not need to
continually expand our resources, as we
benefit from efficiencies that make our
growth seamless. We have made smart
and forward-looking investments since
our foundation, and we will continue
to do this as we grow even larger.
Based in London,
Proview serve the capital
and most of the UK
We assisted
investors in
negotiating
the acquisition
price,
acquiring
finance and
conducting
the buyout
process

www.proviewaccounting.com

This article was sponsored by Proview Accountants. 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 The Rt Hon Theresa May MP.

The Rt Hon Theresa May MP's Foreword For The Parliamentary Review

By The Rt Hon Theresa May MP

This foreword from the then Prime Minister appeared in the 2018/19 Parliamentary Review.

British politics provides ample material for analysis in the pages of The Parliamentary Review. For Her Majesty’s Government, our task in the year ahead is clear: to achieve the best Brexit deal for Britain and to carry on our work to build a more prosperous and united country – one that truly works for everyone. 

The right Brexit deal will not be sufficient on its own to secure a more prosperous future for Britain. We also need to ensure that our economy is ready for what tomorrow will bring. Our Modern Industrial Strategy is our plan to do that. It means Government stepping up to secure the foundations of our productivity: providing an education system that delivers the skills our economy needs, improving school standards and transforming technical education; delivering infrastructure for growth; ensuring people have the homes they need in the places they want to live. It is all about taking action for the long-term that will pay dividends in the future.

But it also goes beyond that. Government, the private sector and academia working together as strategic partners achieve far more than we could separately. That is why we have set an ambitious goal of lifting UK public and private research and development investment to 2.4 per cent of GDP by 2027. It is why we are developing four Grand Challenges, the big drivers of social and economic change in the world today: harnessing artificial intelligence and the data revolution; leading in changes to the future of mobility; meeting the challenges of our ageing society; and driving ahead the revolution in clean growth. By focusing our efforts on making the most of these areas of enormous potential, we can develop new exports, grow new industries and create more good jobs in every part of our country.

Years of hard work and sacrifice from the British people have got our deficit down by over three quarters. We are building on this success by taking a balanced approach to public spending. We are continuing to deal with our debts, so that our economy can remain strong and we can protect people’s jobs, and at the same time we are investing in vital public services, like our NHS. We have set out plans to increase NHS funding annually by an average by 3.4 percent in real terms: that is £394 million a week more. In return, the NHS will produce a ten-year plan, led by doctors and nurses, to eliminate waste and improve patient care.

I believe that Britain can look to the future with confidence. We are leaving the EU and setting a new course for prosperity as a global trading nation. We have a Modern Industrial Strategy that is strengthening the foundations of our economy and helping us to seize the opportunities of the future. We are investing in the public services we all rely on and helping them to grow and improve. Building on our country’s great strengths – our world-class universities and researchers, our excellent services sector, our cutting edge manufacturers, our vibrant creative industries, our dedicated public servants – we can look towards a new decade that is ripe with possibility. The government I lead is doing all it can to make that brighter future a reality for everyone in our country. 

British politics provides ample material for analysis in the pages of The Parliamentary Review 
The Rt Hon Theresa May MP
Prime Minister