Services
FOREX
Ambit’s foreign exchange service is disrupting the currency transfer market in Northern Ireland. Our technological efficiencies and our personal understanding of clients’ requirements, whether they are selling in a currency or purchasing in one of 130 currencies, result in not only improved exchange rates, but faster and more efficient international payments and receipts.
TREASURY
A recent client’s review is typical – eliminating international inward payment charges, international payment fees and currency accounts fees delivered savings of £5,000 for a £6m turnover business. Savings, of course, vary depending on size and business sector.
A local business with a turnover of over £2M came unstuck when the major distributor (Amazon) insisted on a change to their specific banking arrangements. This was due to the fact that their production was in Israel, the sales hub was in the US with global sales and the owner was resident in Ireland. This issue had a serious negative impact on their ability to trade. Despite the client’s accountant firm having tried to resolve the issue time and time again, our treasury specialist was called in as a last resort and sorted the issue within 24 hours. Their business is now thriving and the NI accountancy firm who introduced the case have retained a very valuable client.
MANAGEMENT CONSULTANCY
Ambit’s specialist assists businesses to address financial problems amongst other things and create a number of alternative solutions via a "core business review" with a recommended solution. For example, a company had a problem contract which was putting the company in financial distress and in danger of liquidation. Problem addressed and solution implemented to prevent liquidation and allow the business to continue trading profitably.
VIRTUAL FINANCE DIRECTOR
Xero invited their top 50 Platinum users to spell out everything they would like to see in a software package. The Virtual Finance Director package (VFD for short) already catered for 90% of their requirements. Our partners took this on board and subsequently developed their program exclusively for Xero software which resulted in them becoming an official partner of Xero and a must for all Xero users. (2020 will also see QBO able to plug-in).
A screen share video presentation is available through AMBIT – please ask for details.
FINANCE
"We arrange funding for anything." You don’t want to let your business cash flow detract from obtaining finance when you need to refinance, make an acquisition, upgrade IT, plant, equipment, vehicles, property, refurbishment, etc. However, within the current financial environment, appetite from recognised lenders appears to be restricted and the process to get a decision can be frustratingly slow and indeed, not all banks want to lend. This local company is arranging funding for trading businesses, asset finance, residential investment funding including limited company buy to lets and development finance across Northern Ireland using their panel of established bank and alternative funders. Their record of success and of customer satisfaction is significant and well recorded.
INHERITANCE TAX PLANNING
Our client was extremely worried of how to pass assets to the next generation and having to sell part of that asset to release liquid funds to pay the death taxes due. With our planning, he was able to retain total control of the family and business assets, achieve a saving of over £100k AND protect his business assets and family home against the negative financial impact of possible scenarios such as marriage after death, divorce, bankruptcy and long-term care.
SPECIALIST TAX PLANNING
This is a perfect opportunity for small to medium sized accountancy practices to have at their disposal, highly qualified specialist tax planners (UK mainland based) with fully signed up non-compete clauses.
ENERGY REFIT
Our specialist can put up to 80% of your electric lighting spend BACK INTO your business. They can help you towards this by conducting a free audit (complete with breakdown report), supply & install, design & project manage, PLUS set up an appropriate GREEN FINANCE OPTION from their range of approved finance houses.
A Co.Antrim factory recently achieved savings of circa £23k per annum and payback was complete within 18 months following their investment in the fit-out.
RESOURCE TRANSFER, RELOCATION & RECYCLE
This is a not-for-profit partner which is fully funded and governed by Invest NI. They enable clients to release significant economic benefits by helping them reduce wastage and costs associated with waste. The partner’s database allows companies to match unwanted output (your waste, your unwanted by-products) with companies and sectors province wide who could use your unwanted output. Additionally this process enables companies to assess what unwanted materials and resources are available from other companies across the province.
During a typical reporting cycle of six months from our partner, the numbers, in terms of savings, are seriously impressive. One such cycle revealed 53 Northern Ireland companies being able to access a potential saving of just over £5.5M between them. Our partner's role is solely to connect 'needs and wants' of the various Northern Ireland businesses on their data-base at zero-cost to the businesses.
R&D
This specialist team of qualified accountants and technical experts only do R&D. Their end-to-end knowledge and service in all things R&D, across all sectors is extensive.
One recent company recovered over 100% of their Corporation Tax Rate.
Another client business owner “made a claim via his accountant of many years standing. Our specialist team completed a full review of that claim and identified a number of additional opportunities… in concert with the accountant, our team provided HMRC with a full analysis and the claim was increased from £30k to a final HMRC approved claim of over £100k”.
branding
Our leading team of branding experts have a reputation for transforming businesses from start-ups through to sizeable organisations to heighten their profile, turbo-charge sales, enter new or export markets, reposition themselves or energise their companies to outpace the competition. One recent software company in Coleraine, within 6 months of rebranding, secured lucrative contracts in Australia and USA. A Dungannon food sector company introduced a new brand and product lines into the multiples and saw double digit growth in turnover within 9 months.
ENQUIR3 AUDIT
The ENQUIR3 Client Engagement Audit will improve any business’s client retention, cross sales and referral rates. It will also increase lead generation and conversion rates from existing marketing activity. Finally you will be able to measure and improve client satisfaction. The audit comes with a risk free guarantee.
“I believe it is the best marketing methodology on the planet”, said one business owner/user
Accountant retained a client who was in process of leaving and generated fee income of £130k over the next two years
A manufacturer discovered 6 out of 10 clients were unaware of most of the aftersales maintenance services the company offers
A construction company discovered 80% of their marketing was aimed at sectors who never purchased anything
SOCIAL MEDIA
A recent client of ours starting with around 50 contacts on their social media was getting 21,000 reaches on FB and over 3,000 engagement within just 2 months of using our specialist. 70% of UK adults have social media accounts. Make sure they can find your clients’ businesses.
SALES TRAINING
A Fermanagh manufacturing company were considering lay-offs when sales orders couldn't warrant full time production. The management team accepted our proposals and we interviewed and recruited a new sales team, implemented our Sales Accelerator Programme with the result that the company experienced a 40% growth in sales year on year.
Extra staff have now been recruited due to the increased production needs with the turnaround in sales orders being consistently achieved.
CYBER SECURITY
Our specialist recently recovered £17k for a building firm. The company, with annual £1.5M turnover, had suffered the Cyber Fraud via its business account. Our specialist not only recovered the monies within seven days but also educated the firm so as to minimise the possibility of future fraud. The client was so pleased that he introduced 3 more businesses to our Cyber Security Firm.
POWER OF ATTORNEY
In Business - the main objective of any Sole Trader, Partner or Company Director is to ensure the efficient running of their business. It is imperative that somebody is nominated to fulfil their duties should they be taken ill or become incapable of making decisions.
How many of your Business Clients have an Enduring Power of Attorney in place?
EMPLOYEE BENEFITS
This is our second not-for-profit partner. Often companies want to look after their employees at every possible level but are confused by the array of schemes and the cost. However, our partner cuts across the confusion and will put together a package which suits the size, sector and budget of the company. They can put in place a package with a huge range of voluntary benefits, including healthcare right up to cancer treatment. The result is that employees are engaged and motivated.
Amongst typical benefits reported are massive reduction in sickness/absenteeism, resulting in lower payroll costs, together with a significant increase in staff motivation. A true win-win outcome.
